DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown

The post Bitcoin Spot Volume Crashes 81% Since October 2025, Echoing The 2023 Bear Market End appeared on BitcoinEthereumNews.com. Bitcoin’s spot trading volumes have dropped 81% since October 2025, according to a market note from CryptoQuant. The decline, tracked by analyst Darkfost, echoes a pattern last seen in late 2022 and early 2023, right before the bear market ended and volatility returned. That earlier episode is instructive. In the first quarter of 2023, spot volumes dried up to multi-year lows as BTC consolidated between $16,000 and $18,000. What followed was a sharp breakout that carried Bitcoin to new highs over the next two years. The current crunch feels similar—daily participation has been thinning for months, and on-chain transfer volume alongside exchange activity has settled into a lethargic range. When Spot Volumes Collapse Collapsing volume in a mature asset often signals exhaustion. Sellers who panicked during the downturn have already exited. Buyers are sitting o

The post Solo Home Miner Wins $232K Bitcoin Block With a $300 Machine at 149 Million-to-1 Odds appeared on BitcoinEthereumNews.com. Key Takeaways A solo home miner using a Canaan Avalon Nano 3S at 6.68 TH/s won Bitcoin block 951771 on May 30, 2026, at 4:27:23 p.m. Eastern Time (ET). The block reward of 3.1404 BTC was worth approximately $232,000, paid out via Braiins Solo pool. Roughly 20 to 24 solo home mining wins have occurred in the past 12 months, with odds of about 1 in 149 million per block. One Block, One Machine The block was mined at approximately 00:27 UTC through Braiins Solo, a pool designed for solo miners who want to keep the full reward if they find a block. The winning machine hashed at 6.68 terahash per second (TH/s) and drew just 140 watts of power. For context, the Bitcoin network’s implied hashrate at the time was around 1,000 exahash per second (EH/s) or 1 zettahash per second (ZH/s). The Canaan Avalon Nano 3S retails for roughly $250 to $300. It is compact, quiet

A solo home miner running a consumer-grade Canaan Avalon Nano 3S beat odds of roughly 149 million to one, winning Bitcoin block 951771 this weekend, and collecting a reward worth approximately $232,000. One Block, One Machine The block was mined at approximately 00:27 UTC through Braiins Solo, a pool designed for solo miners who want […]

The post Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown appeared on BitcoinEthereumNews.com. Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical anal

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with support at $73,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $74,200 and $74,500 levels. Bitcoin Price Turns Red Bitcoin price failed to stay above the $75,000 support zone. BTC remained in a bearish zone and extended losses below the $74,500 level. There was a move below the $74,000 level. The price even dipped below $73,000. A low was formed at $72,470 and the price recently attempted a recovery wave. There was a minor move above the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. However, it faced resistance near $74,000. Recently, there was a br

The post Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures appeared on BitcoinEthereumNews.com. In an extensive crackdown on cryptocurrency-related fraud, authorities in Argentina have apprehended 24 suspects and seized digital currencies worth over 8 million USDT, marking one of the most comprehensive operations against crypto scams in the nation’s history. What Did the Investigation Uncover? Continue Reading:Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures Source: https://en.bitcoinhaber.net/argentinas-unprecedented-crackdown-on-crypto-fraud-yields-significant-seizures

The post Bitcoin Eyes June 1 Close Above Key Zone as Polymarket Odds Tilt appeared on BitcoinEthereumNews.com. Rongchai Wang May 31, 2026 09:01 Bitcoin hovered around $70,000 as June 1 settlement nears, with bid interest and liquidity concentrating between $70k and $72k. Bitcoin Eyes June 1 Close Above Key Zone as Polymarket Odds Tilt Developments Bitcoin traded near the $70,000 zone as bid liquidity builds ahead of a June 1 settlement, keeping the market focused on whether BTC will close above key thresholds. Traders on Polymarket are reallocating to the price-ladder contract tied to June 1, with attention on how the event odds shift as liquidity concentrates at top strikes. Bitcoin has seen persistent bid interest around $70,000 as market participants brace for a June 1 settlement, with data showing substantial buy-side pressure and a larger liquidity footprint forming between $72,000 and $70,000. This backdrop comes after a wave of bids near the $70,000 level, whic

The post DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown appeared on BitcoinEthereumNews.com. Key Takeaways Authorities sought forfeiture of 127,271 BTC in a case involving Cambodian national Chen Zhi. Federal investigators linked crypto scams to trafficking, money laundering, and organized crime networks. DOJ and FBI actions show broader pressure on scam compounds operating across Southeast Asia and beyond. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus after new reporting on global scam-compound crackdowns. The case was first announced by the Justice Department on Oct. 14, 2025, when prosecutors unveiled criminal charges against Cambodian national Chen Zhi and a related civil forfeiture complaint. The Justice Department said Chen, also known as Vincent, founded and chaired Prince Holding Group, a Cambodia-based conglomerate. Prosecutors charged him in Brooklyn wit