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A non-custodial wallet ban issued by Google, dubbed “Operation Chokepoint 3.0,” spooked the crypto community before the search engine giant corrected itself. The Rage initially reported that Google’s new Play Store policy required software developers of non-custodial wallets to have a license with FinCEN or MiCA regulations. This would force anti-money laundering and know-your-customer checks onto non-custodial wallet users.   Understandably, this caused uproar among crypto proponents, who described it as an attack on the industry, which stifled the freedoms of non-custodial wallet developers .  Thanks for flagging this. Non-custodial wallets are not in scope of Google Play’s Cryptocurrency Exchanges and Software Wallets Policy. We are updating the Help Center to make this clear. — News from Google (@NewsFromGoogle) August 13, 2025 Read more: Google’s quantum computer could break Bitcoin in two ways Twitter creator Jack Dorsey dubbed Google’s ban ...

A single crypto wallet is trading tens of millions of dollars on Polymarket, a crypto-friendly prediction market. The trader, known by its social handle Fredi9999, has transacted over $73 million worth of mostly pro-Donald Trump bets and currently has $12 million on the line for Trump winning the election on November 5. Although higher frequency traders have transacted larger volumes on an absolute basis, Fredi9999 is the site’s most profitable crypto wallet this month and second-most profitable trader of all time. As the trader climbed the Polymarket leaderboard, it attracted media scrutiny for its political motivations. Specifically, some people believe that the trader’s wealth is creating a 5-8% ‘Fredi premium’ on Polymarket’s 2024 US presidential election market. Others estimate its impact at an even higher 13%. Because changing prices in liquid markets cause a variety of emotional and non-quantifiable changes in traders’ behavior, it is impossible to determine the exact impact...