The Financial Action Task Force (FATF) is launching a targeted review of jurisdictions with significant crypto activity to identify gaps in how governments apply global anti-money laundering standards. According to Cointelegraph, the intergovernmental watchdog said Friday that the review would focus mainly on jurisdictions with “materially important” virtual asset service provider (VASP) activity, while taking their existing assessment status into account. FATF said its regular assessments and follow-up procedures would remain its main tools for evaluating compliance. Initial findings are due to be published in June 2027, with further results in October 2027, followed by monitoring and faster reporting to track progress on deficiencies. FATF did not identify which jurisdictions would be reviewed or say how many would be included. Cointelegraph contacted the watchdog for further details but had not received a response by publication. The review follows a July FATF report that found 83% of surveyed jurisdictions had adopted crypto Travel Rule legislation, but enforcement gaps remained. Of the 91 jurisdictions with Travel Rule laws, 55 had not taken supervisory or enforcement action on compliance. Authorities also faced difficulties identifying unlicensed crypto businesses and overseeing providers serving local customers from overseas. The Travel Rule requires crypto service providers to share information about the sender and recipient of transfers.

Whales on Hyperliquid hold $7.75 billion in positions, with a long-short position ratio of 0.87. According to ChainCatcher, Coinglass data show that long positions total $3.59 billion, or 46.39%, while short positions amount to $4.15 billion, or 53.61%; long positions have unrealized profits of $55.3 million, while shorts show losses of $34.3 million. One whale address, 0x5b5d..60, has a 5x cross-margin short position in ETH opened at $2,322.72 and an unrealized profit of $3.68 million.

Traders and analysts in the online financial community have been locked out of their X accounts and are searching for answers, according to Bloomberg.

U.S. President Donald Trump said he would be willing to pardon Musk and close aides if necessary, including if Democrats take control of Congress after the midterm elections. According to Sina Finance, Trump rejected the suggestion that Democrats might seek to nationalize SpaceX but said he would protect Musk and any aides targeted by congressional investigators, including Edward Coristine. Coristine had worked on a Musk-led government efficiency project aimed at cutting government programs. On conservative commentator Miranda Devine’s “Pod Force One” podcast, Trump said, “If necessary, I would, of course. I wouldn’t even hesitate.”

IOSG's review of 19 midterm elections: The S&P 500 rose in the year following each election, and Bitcoin also closed positive in three cycles, but each experienced a decline first.

The FBI has determined that the theft of over $6 billion from Binance was carried out by the North Korean hacking group TraderTraitor. Elon Musk and CZ exchanged barbs, and Xu Mingxing called for exchanges to unite in their defenses.

Getty Images, the world's largest stock photo agency, has filed for bankruptcy. The impact of AI, coupled with its high leverage debt, has ended its 30-year reign as a copyright powerhouse.

The $630 million theft from Binance exposed the risks of signature systems. Among the four perpetual DEXs—Lighter, Hyperliquid, Aster, and Variational—only Lighter allows you to withdraw your funds automatically when the team is unreachable.

US President Donald Trump said his administration was looking into the record $6.3 billion Binance hack, as the incident intensified calls for stronger federal oversight of cryptocurrency exchanges and new safeguards to protect customer assets.

Ripple has expanded its partnership with Water.org with a $6 million commitment and a $1.25 million RLUSD grant to fund water and sanitation loans in Indonesia, the Philippines and Uganda.

A fake job posting PDF opened the floodgates, revealing that North Korean hackers had amassed $11.8 billion over a decade, and the encryption industry was now facing a state-level cyber force.

The doubling of Ethereum's gas cap makes L1 cheaper, ENSv2 abandons its dedicated L2 and goes directly to the mainnet, and a number of applications are moving custody and settlement back to L1.

Reddit shares plunged more than 30% on Friday after CEO Steve Huffman warned that Google's AI-powered search features are cutting traffic referrals to the platform, raising concerns about its ability to sustain user growth and advertising revenue.

BTCPay Server warned operators to shut down older installations after attackers gained administrator access and drained connected hot wallets, targeting versions 2.4.1 and earlier. The project has urged users to update to version 2.4.7, while investigating the attack and the total amount stolen.