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Dark Web Cracks: German Police Dismantle €34M Anonymous Crypto Platform
Hodl Topic
May 12, 2025
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 15.26M
Exchanges: 815
Market Cap: $3.33T (+0.86%)
24h Volume: $138.93B (+0.06%)
Bitcoin Dominance: 62.2%
Ethereum Dominance: 9.1%
ETH Gas Price: 1.82 Gwei
Fear & Greed Index: 75 (Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $104,525.44 | +0.85% | $2.08T | $45.20B |
Ethereum (ETH) | $2,508.58 | +4.45% | $302.86B | $33.02B |
Tether (USDT) | $1.00 | +0.01% | $149.88B | $95.77B |
BNB (BNB) | $658.50 | +0.22% | $92.78B | $2.10B |
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🚀 Trending on DexScan:
TRUMP/USDC – $13.97
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💹 Market Highlights:
Total DeFi Volume: Not specified
Stablecoins Volume: Not specified
Coin with Highest % Change: PI (+40.92%)
📈 Preview On Today’s News:
- Dark Web Cracks: German Police Dismantle €34M Anonymous Crypto Platform
- Digital Gold Dethrones Soda Giant: Ethereum Surpasses Coca-Cola in Market Value
- Behind the Curtain: Senators Target Crypto Endorsements by Trump
Keep reading below for more!
Today’s News:
1)
Dark Web Cracks: German Police Dismantle €34M Anonymous Crypto Platform
German authorities have shut down the anonymous crypto platform eXch and seized €34 million in Bitcoin and other digital assets due to its alleged involvement in money laundering. Operating without any user identification or anti-money laundering (AML) protocols for nine years, eXch became a favored tool on underground networks for obscuring financial transactions. This decisive action by the Bundeskriminalamt (BKA) follows similar enforcement efforts against platforms like Tornado Cash and ChipMixer, signaling a growing global crackdown on privacy-focused crypto services that bypass regulatory norms.
German Federal Police seized €34M and shut down the anonymous crypto platform eXch for enabling money laundering through its lack of KYC/AML measures.
This enforcement mirrors past actions against Tornado Cash and ChipMixer, reinforcing a global push to regulate anonymity in crypto and curb illicit financial flows.
2)
Digital Gold Dethrones Soda Giant: Ethereum Surpasses Coca-Cola in Market Value
Ethereum has officially surpassed Coca-Cola in global market capitalization, reaching a valuation of $309.52 billion. This milestone marks a significant shift in asset rankings and highlights the growing legitimacy and investor confidence in digital assets. Unlike previous surges driven by institutional inflows or hype, Ethereum's rise appears largely organic, fueled by increasing adoption, market activity, and interest in blockchain applications. Analysts see this as a pivotal moment for the broader crypto market, with potential ripple effects across DeFi, altcoins, and mainstream financial strategies.
Ethereum's market cap hit $309.52 billion, overtaking global giants like Coca-Cola and Alibaba, signaling its emergence as a leading financial asset.
The valuation increase reflects organic market momentum and growing confidence in blockchain technology, with possible widespread impacts on digital finance and investor behavior.
3)
Behind the Curtain: Senators Target Crypto Endorsements by Trump
In a bold move to combat perceived corruption and protect national security, Democratic Senators led by Jeff Merkley introduced the End Crypto Corruption Act of 2025. The legislation seeks to prohibit cryptocurrency endorsements by President Trump and other high-ranking officials during and after their terms. It cites concerns over potential conflicts of interest due to Trump’s personal involvement in crypto assets like $TRUMP and $MELANIA, which may influence market behavior and public trust. The proposal has ignited a fierce political debate—supporters championing it as a safeguard against unethical financial influence, while critics warn of regulatory overreach that could stifle innovation. This development reflects a growing push to establish ethical boundaries in the increasingly entangled worlds of crypto and politics.
New legislation seeks to ban crypto endorsements by President Trump and officials due to conflicts of interest and national security concerns.
The proposal, introduced by Senator Jeff Merkley, aims to preserve government integrity and has sparked intense debate over ethical oversight versus regulatory limits.
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