The post ‘Outright grabbed the wallets’ – U.S. Treasury seizes $1B of Iran’s crypto funds appeared on BitcoinEthereumNews.com.
Bitcoin has long been hailed as a digital safe haven given its scarce, decentralized, and non-sovereign features. But the U.S.-Iran crisis has poked holes in the ‘non-sovereign’ argument for the asset class. During a recent interview at the Reagan National Economic Forum, U.S. Treasury Secretary Scott Bessent disclosed that, We’ve seized about $1B of their (Iranian) crypto. Just outright grabbed the wallets. Some of them may be typing right now and may never realize that their wallets have been grabbed. In April, Secretary Bessent confirmed that they seized $344M of Iranian crypto assets after collaborating with Tether, the stablecoin issuer of USDT. In fact, Bessent vowed to “target all financial lifelines” of the Iranian government as part of the U.S. pressure to bring it into an agreement on the West Asia crisis. Separately, TRM Labs confirmed that the fr
Bitcoin’s market cap has dropped to roughly $1.46 trillion, pushing it below several major technology companies and commodities in global asset rankings. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Gold Holds Top Spot As BTC Slides Gold remains the world’s most valuable asset at nearly $31 trillion, with Nvidia, Apple, Alphabet, Microsoft, Amazon, TSMC, Broadcom, Saudi Aramco, Tesla, and Meta Platforms all ranked above Bitcoin. The drop reflects mounting pressure on the cryptocurrency from multiple fronts — including rising inflation, geopolitical conflict, and weakening investor sentiment. Ki Young Ju, chief executive of crypto analytics firm CryptoQuant, now says the bear market could stretch into early 2027. His assessment is based on an on-chain profitability model that tracks how long investor losses typically drag on once profit-taking begins to unwind. Once profit-taking cascades, Bitcoin investors’ PnL typically falls for about 18 months. S
The draft deal could stabilize regional tensions, potentially lowering oil prices and enhancing global energy security through diplomatic means.
The post Draft US-Iran deal proposes reopening Hormuz, easing sanctions appeared first on Crypto Briefing.
The potential US-Iran nuclear agreement could stabilize regional tensions but hinges on diplomatic progress and market confidence.
The post Trump claims Iran agrees to nuclear restraint amid ongoing negotiations appeared first on Crypto Briefing.
The agreement reduces geopolitical tensions, potentially stabilizing global markets, but uncertainty remains as compliance conditions are finalized.
The post Trump says Iran agrees not to develop or acquire nuclear weapons, as US seizes $1B in Iranian-linked crypto appeared first on Crypto Briefing.
The agreement reduces geopolitical tensions, potentially stabilizing global markets, but uncertainty remains as compliance conditions are finalized.
The post Trump says Iran agrees not to develop or acquire nuclear weapons, Bitcoin rallies to $74K appeared first on Crypto Briefing.
The post Bitcoin aNUPL Snaps Back to Red – Was the Bullish Reclaim Already Dead? appeared on BitcoinEthereumNews.com.
Bitcoin aNUPL flips back to red as the May recovery from $90K collapses. CryptoQuant data shows the bullish reclaim has failed, retesting mid-$70Ks. The relief rally did not hold. Bitcoin’s adjusted Net Unrealized Profit/Loss — a metric tracking the aggregate paper gains and losses of BTC holders — has flipped negative again, erasing a recovery that had barely weeks to breathe. On-chain data from CryptoQuant confirmed the reversal in real time. BTC ran toward $90K in May, pulling aNUPL briefly into positive territory. That move looked, for a moment, like the kind of regime change traders wait for. It wasn’t. The coin slid back into the mid-$70Ks and aNUPL followed it down. Source: CryptoQuant Why the Green-to-Red Flip Hits Harder Than a Simple Drop Green-to-red transitions are a specific kind of market stress. Investors who just returned to profit — many of them newer
The post Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin difficulty rose 1.72% on May 29 as hashrate topped 1.02 ZH/s. Hashrate Index data shows hashprice fell 13.56% from the month’s high, squeezing miner margins in May. Renewablox Co-CEO sees bitcoin mining evolving beyond hashpower as the June 12 difficulty epoch nears. Bitcoin Difficulty Nears 139 Trillion and Sees Industry Transformation Bitcoin’s price spent the past seven days pacing between $72,800 and $77,700, according to market data. Those price levels have tightened the screws on mining profitability, weighing on bitcoin mining revenue, or the value generated by 1 petahash per second (PH/s) of computing power per day, a metric better known throughout the industry as hashprice. As of this weekend, hashprice sits at $33.71 per PH/s per day, meaning miners are earning 4.99% less than they were 30 days ago, according to h
Bitcoin’s return to $100,000 is still a popular target across the market for 2026, but one bearish outlook argues that the move is becoming less realistic with the price action weakening below the $80,000 price level. This bearish outlook came from a crypto analyst known as Alex Mason on the social media platform X, who predicted that Bitcoin will not hit the $100,000 price level again this year because its price action is in a controlled trap inside an ascending channel. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Bitcoin’s Ascending Channel May Have Been A Trap Bitcoin has not traded above $100,000 in 2026 and with the calendar now almost in the middle of the year, the time frame for a recovery above six figures is shrinking fast. The price action over the past two months has instead been defined by an ascending channel, with Bitcoin forming gradual higher highs and higher lows from its February low just above $60,000. The upper boundary has acte
