The U.S. Department of Justice says the financial scheme of a terrorist organization was disrupted after authorities confiscated a substantial amount of the group’s crypto funds.

In a statement, the DOJ announces the seizure of $201,400 in USDT held in wallets and accounts set up to support the activities of Hamas, the Palestinian armed group that the US, UK and other nations have designated as a terrorist organization.

The funds were stored in accounts registered in the names of Palestinian individuals living in Turkey and elsewhere, including three wallets with around $111,500 in cryptocurrency and other addresses with assets valued at approximately $89,900.

The DOJ says the funds were traced from purported Hamas fundraising addresses that were used to launder over $1.5 million in crypto since October 2024.

According to court documents, a group chat on an encrypted communications platform encouraged the movement’s supporters to donate money by sending funds to a changing set of at least 17 crypto addresses.

The funds were then funneled into an operational wallet and laundered through a series of crypto exchanges and transactions with the help of suspected financiers and over-the-counter brokers.

FBI Special Agent in Charge Raul Bujanda, of the Albuquerque Field Office, says that disrupting the group’s access to the funds weakened their ability to function.

“This success demonstrates that financial warfare is a critical component to fight terrorism. We will continue to do everything in our power to protect the American people and pursue justice by depriving terrorist organizations of the resources they need to continue their illicit activity.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A widely followed analyst says one decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem may be gearing up for a massive breakout.

Pseudonymous analyst Credible Crypto tells his 466,000 followers on the social media platform X that Curve DAO (CRV) may increase more than 240% from its current value if it can break through a key resistance area.

“For those looking to buy a dip on CRV, on lower timeframes, we are approaching a key level of resistance on both USD and BTC pairings.

Identify this level (it’s easy enough to do on the four-hour chart) and understand that this region is the most likely place for this rally to the upside to end if the bottom isn’t already in. If we clear this region, it’s clear skies to $2+. As we push into this resistance zone, you want to be watching for a potential rejection.”

The trader says CRV needs to reclaim $0.67 in its USD pair (CRV/USD) to rally toward new local highs, while its key resistance level to break through against Bitcoin (CRV/BTC) is 0.00000633 BTC ($0.55).

“These are the aforementioned levels of interest on low timeframe for CRV. A clean re-claim of the red zone and we should quickly accelerate to new local highs. Lots of untapped local highs above us that are a draw to the upside.

We just need to clear local resistance and have some favorable developments on BTC (aka avoid a BTC nuke back down to low $80,000s). We successfully clear this zone and that is our confirmation that the bottom is in.”

CRV is trading for $0.58 at time of writing, up 10.2% in the last 24 hours.

Lastly, he warns that payments token XRP may be on the verge of a correction.

“I am calling for a drop on XRP and a pump on ETH and CRV. Not everything must move in the same direction at all times.”

XRP is trading for $2.33 at time of writing, down 2% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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HashKey and Bosera are launching tokenized money market ETFs in Hong Kong, offering blockchain-based access to stable cash management.

Cryptocurrency exchange HashKey, in collaboration with Chinese asset manager Bosera, is set to launch two tokenized money market exchange-traded funds in Hong Kong in a bid to offer low-risk, liquid investment products.

The ETFs, called the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, are expected to offer investors blockchain-based access to low-risk, liquid investment products, and have already been approved by the Hong Kong Securities and Futures Commission, according to a Mar. 28 press release.

In comparison to traditional money market funds, HashKey says the product “greatly improves transparency and operational efficiency through blockchain technology, enabling investors to gain direct exposure to high-quality money market instruments by tokens, thereby fulfilling their asset allocation and risk management needs.”

“DeFi investors seeking to balance their yields or virtual asset investors looking to mitigate market risk can find a reliable solution in Bosera’s tokenised money market fund, serving as a ‘yield stabiliser’ for on-chain investors.”

HashKey

The funds aim to provide investors with a secure, stable option for cash management, typically seen in traditional money market funds.

HashKey Exchange, the licensed virtual asset trading platform in Hong Kong, will serve as the primary distribution channel while also providing custody services through its upcoming Earn Channel, the press release reads.

Although the exact launch date hasn’t been confirmed, the ETFs are expected to be released in April. According to a statement from the companies, the ETFs are part of the Hong Kong Monetary Authority’s Project Ensemble Sandbox, which explores the tokenization of real-world assets.