PANews reported on July 6 that according to Decrypt, the National Narcotics Control Bureau (NCB) of India arrested Edison, a 35-year-old engineer from Kerala, who was suspected of operating the country's largest dark web drug trafficking group and using Monero to hide transactions. Indian authorities seized more than $82,000 in crypto assets in the "MELON" operation. For the past two years, the suspect has been operating a dark web drug trafficking gang under the nickname "Ketamelon." Edison allegedly procured drugs from global suppliers, laundered proceeds through the privacy coin Monero (XMR), and shipped drugs across India.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more