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The U.S. Treasury Department has sanctioned six individuals and two companies allegedly involved in laundering approximately 800 million USD in cryptocurrency for North Korea. According to Treasury officials, North Korea infiltrated IT workers into U.S. businesses and diverted their wages back to the country to fund weapons development programs. The action highlights regulatory scrutiny on cryptocurrency’s use in sanctions evasion and illicit fund transfers.

Yield-bearing stablecoins are expanding faster than the broader crypto market as US lawmakers remain divided over how to regulate crypto yield products. The growth reflects investor demand for higher returns on stablecoin holdings, while regulatory clarity remains absent at the federal level.

February PCE inflation came in at 0.3% month-over-month and 2.8% year-over-year, slightly beating the 2.9% annual forecast. Core PCE matched expectations exactly at 0.4% MoM and 3.1% YoY. However, US Q4 GDP growth (second estimate) disappointed at 0.7% versus the 1.4% forecast, signaling slower economic expansion. The mixed data—softer inflation but weaker growth—could influence Federal Reserve policy decisions and potentially support risk assets including crypto.