The U.S. Financial Crimes Enforcement Network (FINCEN) has imposed a $3 billion fine on Toronto-Dominion Bank, one of Canada’s largest banks, for failing to report suspicious crypto transactions as part of a major investigation into anti-money laundering compliance. Nearly $420 million in transfers to crypto service providers in high-risk regions, such as Colombia, were identified. This penalty was imposed due to TD Bank’s violation of anti-money laundering regulations.

The Bitcoin staking platform Solv Protocol has raised $11 million in funding, with a valuation of $200 million, from investors including Nomura’s subsidiary Laser Digital, Blockchain Capital, and OKX Ventures. The platform’s SolvBTC product now backs over 20,000 staked BTC, valued at approximately $1.3 billion, and is accessible across ten major blockchain networks.

Ripple, a digital asset infrastructure provider, has announced its partners for supporting its upcoming stablecoin, RLUSD. Broker platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will facilitate RLUSD transactions. Additionally, B2C2 and Keyrock have signed on as market makers to enhance liquidity for RLUSD. Ripple also expanded its advisory board for RLUSD, welcoming three new members: Sheila Bair, former FDIC Chair; David Puth, former executive at JPMorgan; and Chris Larsen, Ripple’s Executive Chairman.

Bitcoin infrastructure company Blockstream has successfully completed a bond issuance led by Fulgur Ventures, raising $210 million. The funds will be used to accelerate Bitcoin development and promote broader adoption. Blockstream, known for its innovative contributions to the Bitcoin ecosystem, continues to strengthen its position with this substantial new capital infusion.

Asset management firm Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Litecoin spot exchange-traded fund (ETF). This would be the first spot ETF in the U.S. focused on Litecoin, one of the oldest cryptocurrencies known for its utility status. The application represents a significant step towards expanding investment options for those interested in LTC, signaling growing interest in regulated crypto investment vehicles.