Crypto
$389M
Sage D. Young

US Attorney David Metcalf announced Thursday the arrests of Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, alleged senior members of AudiA6, a cryptocurrency money-laundering service believed to be responsible for laundering over $389 million.

The arrests coincided with a coordinated international takedown of AudiA6 and its infrastructure, involving the search of three properties, the seizure of servers and domains connected to the organization, as well as freezing cryptocurrency assets, according to a Department of Justice press release.

Tkachuk and Ledenev were “charged by criminal complaint with one count of conspiracy to launder monetary instruments and one count of sting money laundering,” the DOJ said. If convicted, they face a maximum possible sentence of 20 years of incarceration.

Per the criminal complaint, AudiA6 offered services to conceal the origin of cryptocurrency linked to criminal activity, charging fees of up to 5% of the amount laundered.

The two defendants are in custody of Republic of Georgia authorities, and the US Attorney’s Office aims to seek their extradition to the Eastern District of Pennsylvania.

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Yaël Bizouati-Kennedy
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Investors slice $2 billion out of bitcoin ETFs so far in June

The rate of outflows puts the funds on track to far surpass May’s losses.

bitcoin cake
crypto
Sage D. Young

Solana shoves all in on poker with new partnership

If you’ve got money locked up on-chain and an itch to gamble with it in a new way, has the World Series of Poker got good news for you. The WSOP announced it will integrate solana’s blockchain technology into the tournament through crypto payments firm MoonPay.

At its big summer event, players will have the option to buy into tournaments using crypto directly for the first time. In the WSOP’s Bahamas event in December, winners will be able to receive settlements in stablecoins on solana, reducing friction with international settlements.

“Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience,” WSOP CEO Ty Stewart said in a statement. “Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience.”

The price of solana dipped slightly today, but has dropped more than 48% in 2026, data from CoinMarketCap shows.

Solana has been a popular network, in part from meme coin trading over the past two years, involving viral animal sensations as well as political figures such as President Donald Trump and first lady Melania Trump as well as Argentine President Javier Milei.

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Half of the bitcoin supply in circulation is underwater for the first time since 2022

A silver lining to the statistic may be that it’s a level that has historically aligned with cycle bottoms, and that some now view the asset as cheap.

Bitcoin sign
crypto
Sage D. Young

Solana treasury company dumps more than 12% of its entire stash

On Monday, SOL Strategies, a solana treasury firm, reported the sale of 65,001 tokens to settle more than $4.1 million of debt.

The sale reduced the company’s total holdings of solana by nearly 12.5% from 521,174 tokens to 456,173 tokens, worth roughly $29 million as of writing.

The sale “reflects a decision to reduce debt and further clean up our balance sheet to assist us to fully focus on the operating businesses,” SOL Strategies CEO Michael Hubbard said in a statement.

The news comes one week after the firm announced closing the acquisition of HoudiniSwap, a privacy-based decentralized exchange aggregator, for $18 million.

Shares of SOL Strategies have dropped over 6% today as the underlying cryptocurrency at the center of the firm’s treasury strategy has decreased 5% in the last 24 hours, and 16.8% in the past seven days. The token is down 78% from its all-time high of $293.31 in January 2025.

Meanwhile, solana ETFs have seen $5.5 million in outflows in June, on track to record their first monthly outflow since their inception last year, data from SoSoValue shows.

Yaël Bizouati-Kennedy
6/9/26
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