T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.

Although law enforcement did not mention any arrests in this case, this collaboration still managed to expose and financially hamstring a major international crime ring.

T3 FCU Strikes Back at Crypto Crime

In recent months, the T3 Financial Crimes Unit (FCU) has become a popular name in crypto security. The unit has been actively taking on several high-profile cases. The group formed last September out of an alliance of Tron, Tether, and TRM Labs, and it froze a $100 million money laundering operation this month.

According to a new report, the group helped Spanish authorities bust a similar ring this week.

“This [criminal] organization moved millions across borders, using both cash and crypto to help criminal groups launder their profits. Working with T3 FCU, we were able to freeze more than $26.4 million in assets. This partnership gives law enforcement powerful new capabilities in our fight against organized crime,” a Guardia Civil spokesperson said.

This criminal group operated in several European nations, but the public-private partnership between Spanish law enforcement and T3 FCU successfully tracked its operations.

TRM Labs is a major blockchain intelligence platform, consistently tracking large crypto crimes and advising various law enforcement agencies. As a part of the T3 Unit, TRM Labs likely provides the critical intel laundered crypto assets to Tether and Tron.

In recent months, Tether has actively ramped up anti-money laundering efforts. The stablecoin giant has coordinated with several major law enforcement agencies to show compliance with AML policies.

Tether has tracked and frozen several major crypto scams well before T3 FCU was established. In the press release, CEO Paolo Ardoino stated that Tether was especially committed to financial integrity because USDT is such an integral part of the global crypto trade.

“If you’re using USDT on TRON for crime, you will be caught,” said Tron founder Justin Sun earlier this month.

Although Tron is one of the most popular networks, its inclusion in the T3 Unit does seem questionable. Its founder, Justin Sun, faced SEC charges in 2023, and several failed projects have severely damaged the firm’s reputation.

Nevertheless, Sun claimed that TRON’s transparency “makes it harder, not easier, to launder money,” and showed strong commitment to T3’s crime-fighting initiative.

In any event, this episode was another win for T3 FCU. Spanish authorities handled traditional police surveillance techniques, while the crypto firms searched through blockchain data alongside VASP and KYC records.

JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.

However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. Whether JASMY continues its surge or faces a pullback will depend on how it reacts to key resistance and support levels in the coming days.

JASMY BBTrend Is Now Negative, Down From 6.37 Yesterday

JASMY BBTrend is currently at -4.36, dropping sharply from 6.37 just a day ago.

This rapid decline indicates a significant shift in momentum, suggesting that bearish pressure has increased over the past few hours.

BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure.

With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

JASMY Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum.

The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces.

Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum.

The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY Price Prediction: Will the Surge Continue?

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036.

If that level is broken, further upside could take JASMY to $0.041, reinforcing its bullish trend, especially if the narrative around DePIN recovers a good momentum.

However, BBTrend suggests that the trend could be at risk of reversing. If selling pressure increases, the altcoin could test the support at $0.031, and if that level fails, a drop to $0.029 could follow.

A stronger downtrend could push the price as low as $0.025, making the next moves critical for determining whether the bullish trend can continue.

Three new cryptos, Venice Token (VVV), jelly-my-jelly (JELLYJELLY), and Pumpkin Fun (PKIN), have gained attention this week. VVV, launched by ShapeShift founder Erik Voorhees, powers a privacy-focused AI assistant and has over 43,000 holders.

JELLYJELLY, created by Venmo co-founder Iqram Magdon-Ismail, is tied to a new social media app and reached a $74 million market cap in under two days. PKIN, the native token of the Pumpkin Fun launchpad, is seeing rapid adoption, with over 53,000 daily transactions and strong demand for Solana-based meme coin launches.

Venice Token (VVV)

VVV is the native token of Venice AI, an artificial intelligence assistant focused on privacy and uncensored interactions. It was created by Erik Voorhees, the founder of ShapeShift, a well-known DeFi platform.

Initially airdropped to early users, VVV is now available on the Base chain, and it was among Base’s biggest new cryptos launched recently. While its price saw an initial surge, it has since dropped significantly. Despite this decline, the token has over 43,000 holders and a market cap of around $167 million.

VVV’s RSI is currently at 35.6, indicating that it is approaching oversold territory. An RSI below 30 is generally seen as oversold, meaning a reversal could be near if buyers step in. However, if selling pressure continues, Venice Token could see further declines before stabilizing.

jelly-my-jelly (JELLYJELLY)

JELLYJELLY is the native coin of the Jelly-Jelly app, a social platform introducing a new “conversational” media format for recording, editing, and sharing. It was launched by Iqram Magdon-Ismail, the co-founder of Venmo, first on Pumpfun before graduating to Raydium.

In less than two days, JELLYJELLY gained over 47,000 holders, with a daily volume of $753,000 and 3,100 transactions. Its market cap is already close to $77 million, showing strong initial interest despite relatively low transaction activity.

While still a new coin, its connection to Venmo’s co-founder could attract more users and investors over time. The fact that JELLYJELLY is tied to a real product also strengthens its potential, as projects with actual utility often sustain long-term interest better than purely speculative tokens.

PUMPKIN (PKIN)

Pumpkin Fun is a newly launched Solana-based launchpad for new cryptos that aims to compete with PumpFun. To attract new projects, it offers features like ultra-fast coin launches, live streaming, rewards unlocking, and on-platform staking.

The platform has quickly gained traction, reaching nearly 17,500 holders with a market cap of $26.7 million. With over 53,000 daily transactions, engagement on Pumpkin Fun is already strong, signaling a growing interest in its ecosystem.

Pumpkin Fun’s RSI is currently at 65, indicating that it’s approaching overbought territory but still has room to run if the momentum continues. If the platform can successfully attract meme coin launches at scale, demand for PKIN could push its price even higher in the coming weeks.