Binance has reportedly shared customer transaction data and personal identifying information with Russian authorities in a case involving an IT specialist accused of financing terrorism through cryptocurrency donations tied to Ukrainian fundraising campaigns, according to documents reviewed by Reuters.

Russian investigators say the information helped build the case against Yuri Belenkiy, who was detained in September 2025 and is currently awaiting trial in Russia. Reuters reports that law enforcement used Binance-supplied material as evidence supporting the charges.

Key takeaways

• Reuters reviewed law enforcement documents stating that Binance provided transaction history and personal details for Yuri Belenkiy.
• Russian authorities allege Belenkiy sent more than $700 in crypto between January 2023 and March 2024 to support the Ukrainian military and a banned group identified as Azov at different times.
• The data transfer included sensitive identifiers such as date of birth, address, phone number, and passport information.
• Binance says it cooperates with lawful information requests under applicable legal and privacy requirements, while declining to comment on the specifics of the case.

What Binance information was reportedly used

According to Reuters’ review, Russian authorities asked Binance for the transaction history of Yuri Belenkiy and received information linking him to cryptocurrency transfers. The response reportedly included not only transaction records but also personal identifiers used to connect the accused individual to the funds.

Reuters reports that the materials provided included Belenkiy’s date of birth, address, phone number, and passport number. The response also allegedly contained copies of his Russian passport and a Bulgarian residency permit.

The use of these records underscores a recurring pressure point for exchanges: even after exiting certain markets, platforms can still become a focal point for cross-border investigations when authorities request account and transaction data tied to specific users.

Allegations tied to crypto donations and a banned organization

Russia’s Investigative Committee alleges that Belenkiy sent more than $700 in cryptocurrency between January 2023 and March 2024. The alleged transfers were described as supporting the Ukrainian military as well as a group Reuters identified as the Azov Brigade or the Azov Regiment depending on the naming used at different times.

In the Russian case framing, the presence of a sanctioned or “banned” organization is central to the terrorism-related characterization. While the underlying activity described involves cryptocurrency donations connected to Ukrainian efforts, the legal outcome will depend on how prosecutors interpret intent, recipients, and the status of those recipients under Russian law.

For crypto users and compliance teams, the case illustrates how closely surveillance and enforcement can track on-chain value flows—especially when exchanges are able to connect addresses to real-world identities through account verification data.

Why the exchange’s earlier Russia exit matters

Binance announced it would fully exit Russia in September 2023, selling its local business to CommEX. Reuters’ reporting suggests that despite that earlier decision, Binance remained within the reach of Russian law enforcement requests for data tied to customers and past activity.

This detail matters for market participants because it challenges a common assumption that an exchange’s exit from a jurisdiction ends its role in later investigations. From an investor and compliance perspective, the key question is not only where a company currently operates, but also whether it retains or can access customer records and transaction logs that may be requested later.

Binance response and the compliance line

Reuters reports that a Binance spokesperson declined to comment on specific confidential law enforcement requests or the details of individual cases.

In comments shared with Cointelegraph, Binance stated that it does not make or enforce the laws of any jurisdiction, does not determine charges, and does not decide how governments use information in legal proceedings. The company said it cooperates with lawful information requests from law enforcement globally, subject to applicable legal, privacy, and regulatory requirements.

That response reflects a broad compliance position commonly used by major crypto exchanges: cooperation is framed as process-based rather than judgment-based. However, cases like this also highlight the practical risks for customers—particularly when authorities obtain both transaction records and personal identification data.

Earlier coverage from Cointelegraph noted that Binance planned to restrict transactions involving HTX and other crypto platforms, showing that the exchange continues to adjust operational policies as enforcement and regulatory pressures evolve. In parallel, user data requests remain a separate but highly consequential compliance channel.

As this case proceeds, the next developments to watch are how Russian courts treat the evidence derived from exchange records and whether legal proceedings clarify the standards used to link donations to specific recipients and to organizations classified as banned. For the broader crypto ecosystem, the outcome may influence how exchanges consider the scope and safeguards around information requests tied to historic activity.

Bitcoin price rose nearly 2% to reclaim $64,000 on Aug. 17, but weak daily momentum and unusually compressed volatility leave the next major move uncertain.

Bitcoin price returns above $64,000

According to data from crypto.news, Bitcoin (BTC) price traded near $64,154 at press time after gaining about 2% during the daily session. The recovery followed an intraday low of $62,751 and carried BTC above the 78.6% Fibonacci retracement level at $63,152.

The rebound also erased part of the decline recorded over the previous week, when Bitcoin repeatedly tested support between $62,500 and $63,000. Buyers defended that area again on Aug. 17, helping the price reach a session high of $64,227.

Jeff Mei, chief operating officer at crypto exchange BTSE, told crypto.news that recent exchange-traded fund flows contributed to the earlier weakness in Bitcoin and Ethereum.

“BTC and ETH pulled back a bit after some ETF outflows last week, with Bitcoin now sitting around $63,000 and ETH near $1,878.”

The 4-hour chart shows that short-term buying pressure strengthened during the latest recovery. BTC moved above the Bollinger Bands’ middle line at $63,173 and crossed the upper band near $63,774, showing that the rebound accelerated beyond its recent trading range.

Chaikin Money Flow on the same timeframe rose to 0.24, indicating that buying volume supported the move. A price holding above $63,774 would keep the immediate focus on the $64,700–$65,000 resistance area.

Glassnode warns of a low-volatility trap

Bitcoin’s rebound comes as the options market prices in one of the quietest trading environments in its history.

Glassnode co-founder Rafael Schultze-Kraft said in an X post that Bitcoin’s implied volatility had fallen into the lowest 2% of its historical distribution. Implied volatility measures the degree of future price movement expected by options traders rather than the direction of that move.

Despite reaching a historical low, implied volatility remains around 1.5 times higher than Bitcoin’s recent realized volatility, according to Schultze-Kraft. The gap means options traders are still paying a notable volatility premium even though actual price movements have been unusually narrow.

Glassnode’s volatility trap score has consequently climbed to 91 out of 100, its highest reading in more than three and a half years. Schultze-Kraft cautioned that low implied volatility alone does not automatically make options cheap because realized volatility has fallen even further.

Past periods of severe compression have often preceded larger price swings, but the Glassnode data does not indicate whether the next expansion will be higher or lower. Capital flows, macroeconomic policy and new market catalysts could determine the direction.

Bitcoin’s recent range reflects that uncertainty. BTC has largely traded between $62,000 and $65,000 since late July despite several brief moves outside those levels.

BTC daily indicators remain weak

Bitcoin’s daily chart has not yet confirmed a broader bullish reversal, even after the latest rebound.

The daily moving average convergence divergence indicator remains below its signal line. The MACD reading stood near minus 183, compared with a signal-line reading near minus 101, while the histogram remained negative at around minus 82. The readings show that bearish momentum from the recent decline has not fully cleared.

Daily Chaikin Money Flow also remained slightly negative at minus 0.05. The contrast with the 4-hour reading of 0.24 suggests that buyers have returned in the short term, although broader capital flows remain weak.

A daily close above $64,000 would strengthen the recovery and open a path toward $65,000. The next larger upside level sits near $67,357, corresponding with the 61.8% Fibonacci retracement of Bitcoin’s decline from $82,825 to $57,796.

Failure to hold the $63,152 Fibonacci level would put $62,500 back in focus. A deeper breakdown could expose the $60,000 area, while the full retracement low near $57,796 represents the broader bearish level visible on the daily chart.

Liquidation levels place BTC between $62,200 and $64,700

CoinGlass’ one-week liquidation heatmap shows large concentrations of leveraged positions on both sides of Bitcoin’s current price.

The nearest strong overhead cluster sits around $64,000, with a larger concentration near $64,700. A move through those levels could force short sellers to close positions, adding buying pressure and potentially pushing BTC toward $65,000.

Downside liquidity is concentrated near $62,700 and $62,200. A rejection from the current level could draw the price back toward those zones and trigger liquidations among leveraged long traders.

The heatmap therefore supports a near-term range between roughly $62,200 and $64,700. Glassnode’s volatility data suggests that Bitcoin may not remain inside such a narrow range indefinitely, but it does not establish which boundary will break first.

Fed minutes and CLARITY Act could guide Bitcoin

Mei said traders will monitor the Federal Open Market Committee minutes for clues about the Federal Reserve’s interest-rate outlook. Expectations for lower rates matter to crypto markets because easier financial conditions can increase the liquidity available for risk assets.

“The big things to keep an eye on this week are the FOMC minutes, which’ll give us a peek into what the Fed’s actually thinking on rates, and whether the CLARITY Act gets any attention in the Senate before they head out for recess,” Mei said.

The BTSE executive argued that uncertainty over the CLARITY Act has held back some large institutional investors. He also said traders continue to favor artificial intelligence stocks, leaving crypto in need of stronger institutional inflows or greater macro liquidity to support another sustained advance.

According to Mei, such a shift would likely require clearer evidence that the U.S. economy is slowing enough to justify rate cuts. Until ETF demand strengthens or the Federal Reserve signals easier policy, Bitcoin’s recovery may remain vulnerable near the upper end of its recent range.

BlockDAG’s presale stage pricing highlights how entry timing can affect allocation size, as investors weigh acting early against waiting for more confirmation.

Picture two investors, both with $500 set aside for crypto, both looking at the BlockDAG (BDAG) presale on the exact same day. Same information, same opportunity, same amount of money. The only difference between them is what happens next. One decides to act, converting that $500 into BDAG at the Stage 1 price. The other decides to wait, for more research, for more confirmation, for a “better time” that never quite arrives. A year from now, that single decision is the entire story.

This isn’t a hypothetical about luck or timing the market perfectly. It’s about what a presale’s own stage structure guarantees, regardless of what the broader market does. The gap between these two investors isn’t speculative; it’s built directly into how BlockDAG (BDAG) is priced from one stage to the next, which makes this a genuinely useful story for anyone sitting on the fence right now.

Investor one: The buyer who acted

Investor One buys $500 of BDAG the day Stage 1 opens, at $0.00002 per coin. That $500 converts into 25,000,000 BDAG, deposited directly into their wallet at the lowest price the presale will ever offer. From that point forward, their entry price is locked, nothing that happens in later stages changes what they already own. As the presale advances and the reference launch price of $0.10 comes into view, Investor One’s holding is simply along for the ride, already secured at the cheapest point on the entire ladder.

A year from now, if BDAG has progressed toward its $0.10 launch reference, that 25,000,000-coin position is worth $2,500,000, a 5000x on the original $500. Nothing about that outcome required Investor One to predict the market or time a peak. It required one decision: buying at Stage 1 instead of somewhere further down the ladder, or not at all.

Investor Two: The buyer who waited

Investor Two has the exact same $500 and the exact same information, but chooses to wait. Maybe they want to see how Stage 1 performs first. Maybe they’re waiting for a dip, a signal, or simply more confidence before committing. It’s a reasonable-sounding instinct, nobody wants to feel rushed into a purchase. But the presale doesn’t wait with them. Every stage that closes moves the entry price higher, permanently, for anyone who hasn’t bought yet.

If Investor Two finally commits their $500 several stages later, at a meaningfully higher price than $0.00002, they get noticeably fewer coins for the same money. Their eventual multiple to the $0.10 launch reference is smaller, not because BDAG performed any differently, but because they paid more to get in. In the worst case, if they wait past the presale entirely and BDAG launches at $0.10 on the open market, their $500 simply buys 5,000 coins outright, with none of the stage-based discount Investor One captured. A year from now, Investor Two isn’t looking at a loss exactly, but they’re looking at a fraction of what the same $500 could have become, purely because they hesitated.

The only variable was when

What makes this story worth telling is how little separates the two outcomes at the start. Same amount of money, same presale, same information. The entire gap between $2,500,000 and a smaller, later-stage return comes down to nothing more than timing, specifically, how early each investor moved. BlockDAG (BDAG) isn’t asking anyone to predict the future or catch a perfect bottom; it’s simply rewarding the buyers who act while Stage 1 is still open, and quietly penalizing the ones who wait through no fault other than hesitation.

That dynamic is reinforced by what’s already backing the presale. The BlockDAG blockchain is live and processing real activity, BlockDAG Casino is a working consumer product, mining hardware is being delivered to participants, and $100 million in planned launch liquidity is lined up to support trading once BDAG reaches the open market, the kind of foundation that gives the stage ladder real weight rather than empty promises.

Which investor do you want to be?

For more information, visit the official website, presale, Telegram and Discord.

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval for World Liberty Financial’s application to establish a national trust bank, despite renewed political scrutiny over potential conflicts of interest. In a notice released Friday, the OCC said the approval would be subject to regulatory and policy requirements and would allow the company to operate as “World Liberty Trust Company, National Association.”

World Liberty’s charter application, according to the OCC, proposes activities including issuing U.S. dollar-backed stablecoins and providing custody services for digital assets tied to the firm’s USD1 token.

Key takeaways

• The OCC’s approval is conditional, meaning World Liberty must meet specific regulatory and policy requirements before fully moving forward.
• The bank would be authorized to issue U.S. dollar-backed stablecoins and custody digital assets related to the USD1 token, per the application described by the OCC.
• Criticism from lawmakers continues to center on alleged conflicts of interest involving World Liberty’s ties to President Donald Trump’s family and the OCC’s leadership.
• Senator Elizabeth Warren said she introduced new legislation after the OCC action, framing it as addressing “presidential corruption” concerns in banking.
• Meanwhile, the OCC has recently moved quickly on other crypto-related trust charter approvals under the Trump administration.

What the OCC approved—and the business scope

In its Friday notice, the OCC indicated that it acted in line with its statutory duties and ethical obligations regarding the application. The regulator said the conditional approval for World Liberty’s charter would permit the entity to function under the specified national trust bank title: World Liberty Trust Company, National Association.

As described in the notice, World Liberty’s plan includes issuing stablecoins backed by U.S. dollars and custodying digital assets associated with its USD1 token. The OCC characterized the decision as a pathway to operate as a trust bank while still requiring compliance with additional regulatory and policy terms.

The OCC’s notice also reflects the regulator’s process and oversight stance. Earlier, OCC Comptroller Jonathan Gould said the application would be reviewed through what he described as an “apolitical and nonpartisan process” after receiving a letter from Senator Elizabeth Warren.

Conflict-of-interest concerns drive the political backlash

The OCC decision landed amid heightened debate in Washington over potential entanglements between World Liberty and President Trump’s family. According to the reporting referenced in the OCC notice, the president and three of his sons are affiliated with World Liberty.

Separately, the OCC’s leadership has been at the center of attention: Gould was nominated by Trump in 2025. In addition, World Liberty’s own website reportedly stated that a Trump family entity controlled 38% of the company’s equity interests.

Senator Warren strongly criticized the OCC’s move. On Friday, she said she had introduced legislation aimed at stopping what she called “unprecedented corruption,” describing the OCC action as the “most brazen act of self-dealing” in the U.S. financial system. Warren and nine other senators introduced the “Ending Presidential Corruption in Banking Act” after the approval.

Legislative push follows a broader wave of OCC crypto approvals

World Liberty’s charter bid is not happening in isolation. The OCC has, under the Trump administration and Comptroller Gould, approved or conditionally approved multiple applications from crypto firms seeking trust charters to expand their U.S. services.

One recent example cited in earlier coverage is the agency’s December approvals related to Circle, Ripple Labs, Crypto.com, and Coinbase, following passage of the GENIUS stablecoin bill in Congress. Those actions form part of the backdrop for the current conditional approval—suggesting the regulator is continuing to move through crypto-focused charter applications.

That broader pace also helps explain why Warren and other lawmakers may view World Liberty’s approval as part of a larger governance concern, even as the OCC frames its conduct as consistent with legal and ethical obligations.

Congressional questions extend beyond the U.S.

In parallel with U.S. conflict-of-interest debates, lawmakers have also pushed for scrutiny of World Liberty’s ties to foreign entities and how those relationships could influence U.S. policy indirectly.

The article notes reporting that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan—the UAE’s national security adviser—reportedly purchased a 49% stake in World Liberty in January 2025 for $500 million. It also references another UAE entity, MGX, which reportedly used World Liberty’s USD1 stablecoin to invest $2 billion in crypto exchange Binance.

Additional political attention followed because Trump later issued a presidential pardon for former Binance CEO Changpeng Zhao. A White House spokesperson, according to the reporting referenced here, has repeatedly said there were “no conflicts of interest” with Trump’s investments.

Taken together, the OCC’s conditional approval and the expanding congressional focus highlight a central tension for the crypto sector: regulators may continue to advance licensing frameworks for stablecoin and custody-related services, while lawmakers test whether governance safeguards are sufficient in cases involving closely held or politically connected interests.

For now, the OCC’s conditional approval means World Liberty can move closer to operating as a national trust bank, but the exact requirements attached to that approval—and how quickly they will be met—remain the immediate variables to watch. As Warren’s bill moves into the legislative process and scrutiny of World Liberty’s equity structure and cross-border relationships continues, the practical impact for future trust-charter applicants may depend as much on policy outcomes in Washington as on the regulator’s licensing decisions.

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic.

JPMorgan sees momentum building at Riot Platforms

On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock.

JPMorgan analysts said Riot was “building momentum” after securing its latest data center agreement at what the bank described as “attractive economics.” The analysts also said work connected to Riot’s existing lease with chipmaker AMD remained on schedule.

At $19.91, RIOT traded about 10.5% below JPMorgan’s revised target. The 4-hour chart showed the stock opening at $19.07, reaching $20.05 and falling as low as $18.90 before recovering.

Morgan Stanley has taken a more bullish position. On Aug. 13, the bank raised its RIOT target from $36 to $43 and retained an Overweight rating. The revised forecast sits more than 100% above the latest market price, although price targets represent analysts’ estimates rather than guaranteed outcomes.

Wall Street’s latest revisions followed a volatile week for RIOT. The stock surged after the large data center contract was announced, but some investors later booked profits, pulling the shares down to a Friday close of $19.02 before Monday’s recovery.

Riot’s $9.1 billion deal adds contracted AI revenue

Riot disclosed the 20-year agreement in an Aug. 10 filing with the U.S. Securities and Exchange Commission, identifying the customer only as a leading frontier AI company. Bloomberg later named Anthropic as the tenant, citing people familiar with the transaction, while Riot and Anthropic did not publicly confirm the customer’s identity.

As crypto.news previously covered the Anthropic deal, the agreement covers 191 megawatts of critical information technology capacity at Riot’s Rockdale campus in Texas. Riot expects to deliver the first 96 MW in December 2027 and another 95 MW by June 2028.

Under the initial term, which runs through June 2048, Riot expects the agreement to produce about $9.1 billion in contracted revenue. Two five-year extension options controlled by the tenant could increase the potential total to $16.1 billion.

Riot has projected cumulative net operating income of between $7.3 billion and $8.2 billion during the base term. Company filings classify both the revenue and income totals as forward-looking estimates because actual results depend on construction, financing, deployment, and operating performance.

To fund the first stage of construction, Riot secured a $573 million delayed-draw term loan arranged by Morgan Stanley. The company plans to use the financing while it works toward a permanent funding structure for the project.

Rockdale already has 700 MW of developed and energized power capacity, along with fiber and electrical systems built for large-scale Bitcoin mining. Riot has said it plans to convert the campus’s full gross capacity for data center customers over time.

The AMD lease gave Riot its first large tenant

Before the latest contract, AMD signed a 10-year, $311 million lease covering an initial 25 MW at Rockdale. Extension and expansion options could take its potential value to about $1 billion and increase AMD’s capacity to 200 MW.

AMD exercised its first 25 MW expansion option during the first quarter, bringing its contracted capacity to 50 MW. Adding the newer 191 MW agreement gives Riot 241 MW of critical IT capacity under signed Rockdale leases.

Riot’s first-quarter financial results showed $167.2 million in total revenue, up from $161.4 million a year earlier. Data center operations produced $33.2 million, including $32.2 million from tenant fit-out services and $900,000 from operating lease revenue.

For the second quarter, Riot reported $174.2 million in revenue, representing a 14% increase from the same period in 2025. Data center revenue accounted for $23.2 million of the quarterly total, leaving Bitcoin mining as the company’s main revenue source while the newer contracts move through construction.

Riot produced 1,473 Bitcoin during the first quarter, compared with 1,530 BTC a year earlier. According to the company, Bitcoin mining revenue declined to $111.9 million from $142.9 million as the average Bitcoin price fell and the global network hash rate increased.

The company also sold 3,778 BTC during the quarter. Its average mining cost, excluding depreciation, rose to $44,629 per Bitcoin, partly because the average global network hash rate increased by 24%.

Other listed miners have pursued similar contracts because their existing power supplies, land, and cooling systems can be adapted for AI computing. A June report on miners entering AI infrastructure found that public Bitcoin mining companies had announced more than $70 billion in AI and high-performance computing contracts.

RIOT stock must reclaim $20.48

RIOT’s 4-hour chart shows that the latest 4.7% recovery began after the stock approached the lower Bollinger Band at $18.50. Buyers lifted the price from an intraday low of $18.90 to $19.91, but the stock remained below the indicator’s midpoint at $20.48.

Based on the chart, $20.48 serves as the first resistance level. A sustained move above it would bring the upper Bollinger Band at $22.47 into view, placing that level close to JPMorgan’s new $22 target.

Failure to clear the midpoint would leave RIOT exposed to another test of the $18.50 lower band. The stock has also formed lower highs since its late-June peak near $30, while recent candles show repeated moves on both sides of the $20 area.

The Average Directional Index stood at 15.52 on the 4-hour chart. An ADX reading below 20 generally indicates weak trend strength, so the indicator does not yet confirm a strong move in either direction.

Bitcoin added almost 1% to trade near $63,502 during the period, while 24-hour trading volume increased 68%. The move followed reports that the United States and Iran had agreed to extend a 60-day ceasefire.

NAVI Protocol has launched NAVI Prime, a Sui-based lending framework designed for funds seeking more clarity, transparency, and control over capital management.

NAVI Protocol said NAVI Prime was built for funds with more demanding requirements around clarity, transparency, and control. Deployed on the Sui blockchain, the framework provides lending infrastructure for institutions and professional capital.