News

On June 5-6, 2025, Australian law enforcement agencies conducted a joint operation, successfully dismantling a large money laundering organization located in Queensland and arresting four suspects. The organization is suspected of converting approximately AUD 190 million (about USD 125 million) of criminal proceeds into cryptocurrency through the armored transport division of a security company. Investigations revealed that the organization used a complex network of bank accounts, businesses, couriers, and cryptocurrency accounts to launder millions of illegal funds over 18 months. Police have frozen assets worth approximately AUD 21 million, including 17 properties, bank accounts, and vehicles.

Bernstein analysts believe Ethereum is at a critical turning point as the crypto industry shifts from speculation to genuine financial innovation. While Bitcoin ETFs have achieved great success in the US, with assets under management exceeding $120 billion, Ethereum ETFs are relatively smaller, at only $9 billion. Analyst Gautam Chhugani points out that Ethereum's value lies in its status as a decentralized computer, supporting key applications such as stablecoins and asset tokenization. In the past 20 days, Ethereum ETFs have seen an inflow of $815 million, with net inflows turning positive year-to-date, reaching $658 million.