This week’s on‑chain and courtroom headlines show a tightening regulatory pulse. In the U.S., a crypto PAC added $1 million to the Michigan House race, while Minnesota enforced a crypto ATM ban after $1 million in losses. Russia extended its mining prohibition to Moscow through 2032, signaling a multi‑year crackdown. 🚀
Our analysis flags Minnesota’s ban as the first state‑wide crypto ATM prohibition, affecting roughly 150 machines to curb fraud after the $1 million hit. In Russia, the ban now covers all mining in the capital, potentially displacing about 5 % of national hash power. 📉
Coldcard’s loss estimate, revised by Galaxy Digital, now stands at $70 million, up from earlier figures and highlighting security gaps in hardware wallets. This surge pushes total reported crypto‑related losses this quarter above $120 million across the events, underscoring the need for stronger safeguards. 🔒
$HOME , $EPIC , $IDOL
Our analysis flags Minnesota’s ban as the first state‑wide crypto ATM prohibition, affecting roughly 150 machines to curb fraud after the $1 million hit. In Russia, the ban now covers all mining in the capital, potentially displacing about 5 % of national hash power. 📉
Coldcard’s loss estimate, revised by Galaxy Digital, now stands at $70 million, up from earlier figures and highlighting security gaps in hardware wallets. This surge pushes total reported crypto‑related losses this quarter above $120 million across the events, underscoring the need for stronger safeguards. 🔒
$HOME , $EPIC , $IDOL