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first_img The United Arab Emirates and Sweden arrested 7 people involved in a $7.1 million cryptocurrency money laundering case

The police of the United Arab Emirates and Sweden arrested 7 suspects involved in an international money laundering network. Investigators stated that tracking the cryptocurrency transactions of this network revealed its connections to organized crime and contract killings. According to the UAE News Agency citing the Ministry of Interior, the leader of the network is a Swedish citizen who had previously fled Sweden and was wanted by Interpol with a red notice, ultimately being captured in the UAE. Additionally, 6 other suspects were arrested simultaneously in Sweden, and all 7 have been charged.The Ministry of Interior stated that the network processed approximately 70 million Swedish kronor (about 7.1 million USD) in criminal cash proceeds over 10 months and transferred it to other criminal entities while using cryptocurrency to "transfer and move the value of these funds." Tracking cryptocurrency transactions and analyzing digital evidence helped investigators uncover the financial links between this network and other criminal activities, including organized crime and contract killings.Abdulaziz Al Ahmad, the Director of the Federal Criminal Police of the UAE Ministry of Interior, stated that the country will continue to track criminal networks and cut off their sources of funding. Anders Wiberg, head of the International Department of the Swedish Police, said that cooperation with the UAE was a key factor in the successful resolution of this case. Both countries launched simultaneous arrest operations after intelligence sharing and direct security coordination. Previously, Sweden had requested the police to increase efforts to seize illegal digital assets, as the issue of gangs using social media and encrypted applications to recruit paid killers has become increasingly serious.

first_img Bitcoin Enterprise Vault increased its holdings by only 5,900 BTC in three months and is still at a loss

The latest report from the on-chain data analysis platform Glassnode, titled "The Week Onchain," shows that in 2026, publicly listed companies only increased their holdings by about 5,900 BTC, which is less than 7% of the single-month increase in July 2025 (89,000 BTC). Currently, corporate treasuries are overall in an unrealized loss state, with an average cost basis of $80,500, which is about 6% higher than the spot price.Glassnode pointed out that in 2026, Bitcoin's price attempted to recover this cost level only twice, both of which were unsuccessful. "Buyers who stop buying and hold onto unrealized losses cannot provide support; recovering $80,500 is necessary for corporate treasuries to return to profitability and eliminate a layer of supply pressure above." Meanwhile, the Federal Reserve implemented its first interest rate hike since July 2023 on Wednesday, which may initiate a tightening cycle and put pressure on liquidity in the cryptocurrency market.The U.S. spot Bitcoin ETF saw a net outflow of $462.7 million over five trading days ending September 11, reversing the trend of net inflows over the previous three weeks. Bitcoin's realized market cap has started to decline since September 15, currently around $1.069 trillion, indicating a lack of new buying interest at the current price level. Strategy, a business intelligence company holding the world's largest Bitcoin treasury, completed its latest increase at the end of August, purchasing 4,603 BTC, with a cost basis of $75,412 for its 845,050 BTC holdings.
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