The Nobitex dilemma: How Iran’s biggest crypto exchange stays off the OFAC blacklist

Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source: IODA. But in that digital darkness, one vital financial service continued to operate without interruption: Nobitex, a cryptocurrency exchange linked to Iran’s ruling elite. We compiled…

Kraken Parent Company Applies for OCC Charter in Move Toward Banking

Latest NewsPublishedMay 8, 2026 The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos. Payward, the parent company of cryptocurrency exchange Kraken, announced that it had filed an application with the US Office of the Comptroller of the Currency (OCC) for a national trust…

TeraWulf’s AI Revenue Surges 117% but Posts $427M Loss

Bitcoin miner TeraWulf posted a net loss of $427 million in the first quarter of 2026, up from the $61.4 million loss recorded in the same period a year earlier. Total revenue for the quarter came in at $34 million, with high-performance computing (HPC) lease revenue accounting for $21 million, roughly 60% of the total…

Court Lets Arbitrum DAO Transfer $71M in ETH Tied to North Korea Hack to Aave

A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery effort following a North Korea-linked exploit. Judge Margaret Garnett of the Southern District of New York issued the order on Friday, modifying a restraining notice that had locked the assets…

Crypto wallets are being rebuilt for AI agents, Trust Wallet and Mesh executives say at Consensus Miami

MIAMI BEACH, Fla. — Crypto wallets are being rebuilt for AI agents, said executives from Trust Wallet and Mesh on Thursday, with companies racing to give autonomous software a way to hold value, prove identity and transact on-chain. Appearing at CoinDesk Miami, Arjun Mukherjee, chief technology officer at Mesh, said the shift is driven by…

Zondacrypto Hit With Investor Warning by Estonia Financial Regulator

Estonia’s Financial Supervision and Resolution Authority (FSA), the country’s financial regulator, issued an investor warning for BB Trade Estonia OÜ, the company that operates the Zondacrypto digital asset exchange. The FSA said the company did not have a white paper listed on its website for the “TeamPL” crypto token listed on the crypto exchange, a…

Spot Bitcoin ETFs Log 6th Straight Week of Net Inflows for First Time Since August

US spot Bitcoin exchange-traded funds (ETFs) have recorded a sixth consecutive week of net inflows, marking the longest such streak since August 2025. The current six-week run stretches from the week of April 2 through Friday, pulling in a combined $3.4 billion, according to data from SoSoValue. The strongest week came in mid-April, when inflows…

CLARITY Act sees ‘big step forward’ as markup set for May 14

The US CLARITY Act, which aims to provide the US crypto industry with greater regulatory clarity, is set to be voted on by the Senate Banking Committee on Thursday. On Friday, Senate Banking Committee chair Tim Scott confirmed the legislation will go to a vote on Thursday, triggering a strong reaction across the crypto industry,…

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

A Manhattan federal judge has cleared the way for Aave’s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims’ legal claim on the funds. In a two-page order published late Friday U.S. time, Judge…

Bitcoin Rally Stalls At $80K But Bulls Anticipate A Pro-Crypto Fed Chair

Key takeaways: A weakening US dollar and higher government debt favor scarce assets, even as spot Bitcoin ETF outflows and low retail demand spark some concern. Traders expect Kevin Warsh to become Fed Chair, which could benefit Bitcoin. Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed…