The US has seized nearly $1B in Iranian crypto as part of “Operation Economic Fury,” doubling April’s figure.
Funds were reportedly taken directly from wallets.
Meanwhile, Iran explores Bitcoin based revenue models like Hormuz shipping insurance.
Spot $BTC ETFs just saw a record 10 day outflow streak (~$3B), signaling strong fear from institutions.
Some analysts view this as a contrarian indicator, suggesting a potential market bottom may be near.
$ETH ETFs also hit 14 days of outflows.
The SEC charged a Texas man in a $12.3M crypto fraud using fake “AI trading bots,” promising up to 100% returns.
Funds were misused in a Ponzi like scheme, with millions spent on personal expenses and fake payouts to investors.
https://cointelegraph.com/news/sec-charges-texas-man-with-123m-crypto-fraud-fake-ai-trading-bots
Circle froze $12.6M in $USDC linked to Zama’s privacy protocol, with no clear explanation.
The move raises concerns over centralized control, especially as some claim the protocol wasn’t notified beforehand.
https://cointelegraph.com/news/circle-freezes-126m-of-usdc-linked-to-privacy-protocol-zama
Senator Lummis warns the US risks losing crypto leadership to China if the CLARITY Act fails.
The bill aims to set clear market rules, but faces strong opposition from banks and an uncertain path in Congress.
Bitcoin is at a pivot around $70K to $71K
Losing this level could send $BTC toward $65K, while holding it may trigger a breakout above $76K and a potential altcoin rally.
https://cointelegraph.com/news/bitcoin-is-at-pivotal-level-and-faces-threat-to-65k-analyst
Crypto Recap: BTC Weakness, ETF Rotations, Regulatory Breakthroughs & DeFi Risk
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