Iran to Intensify Crackdown as 95% of its 427K Crypto Rigs Run Illegally

Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, said on Sunday that Iran has become the world’s fourth-largest crypto mining hub, fueled by the…

FTX Creditors May Recover as Little as 9% After Adjusting for Crypto Prices

FTX creditors may receive far less than initially believed once payouts are adjusted for today’s inflated crypto valuations, according to Sunil, a prominent FTX creditor representative. In a Sunday post on X, Sunil estimated that the real crypto recovery rate for FTX creditors ranges between 9% and 46%, noting that the actual value could be…

MegaETH ICO sees massive 8.9x oversubscription

Ethereum layer-2 network MegaETH’s initial coin offering reportedly “sold out” within minutes and is now oversubscribed by about $400 million, as users scramble to get an allocation of its MEGA token.  The Ethereum layer-2 network opened the auction for its MEGA token on Monday with a raise cap of just under $50 million, but the…

Iran to Intensify Crackdown as 95% of its 427K Crypto Rigs Run Illegally

Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, said on Sunday that Iran has become the world’s fourth-largest crypto mining hub, fueled by the…

Romania Blacklists Polymarket for Illegal Crypto Betting

Romania’s National Office for Gambling (ONJN) has blacklisted leading prediction market Polymarket, calling it an unlicensed gambling platform operating outside state oversight. The decision follows what regulators described as a surge in crypto-based betting during Romania’s presidential and local elections, where Polymarket’s trading volume reportedly exceeded $600 million, according to a recent statement from the…

Crypto Sentiment Stays In ‘Fear’ After Trump’s Deal With China

A widely used crypto market sentiment indicator has remained in uncertain territory despite improved clarity on trade relations between US and China. It comes as US President Donald Trump reached a trade deal with China this week. However, some crypto analysts suggest the announcement could soon have a positive impact on the crypto market. The…

‘We Do See Significant Revenue Potential From Arc Over Time’

Speaking with CNBC’s Sara Eisen at the sidelines the 2025 edition of the Future Investment Initiative in Riyadh, Saudi Arabia, Circle Internet Group (CRCL) Jeremy Allaire described Arc as “an economic OS for the internet,” arguing that core financial workflows are moving on chain and need predictable costs and performance. He said Arc is built…

Bitcoin In IPO Phase As Early Holders Give Way to New Investors

Bitcoin is in an initial product offering (IPO) phase as OG holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says.  In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a post on Substack, Visser…

Metaplanet Launches $500M Bitcoin-Backed Share Buyback

Tokyo-listed Bitcoin treasury company Metaplanet Inc. unveiled a 75 billion Japanese yen (about $500 million) share repurchase program backed by a Bitcoin-collateralized credit facility, following a decline below 1 of its market-based net asset value (mNAV). In a Tuesday announcement, the company said the move aimed to maximize Bitcoin (BTC) yield per share and restore…

Cathie Wood’s ARK Buys $5M in Bullish Shares as Exchange Marks US Launch

Cathie Wood’s ARK Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH, acquiring over $5 million worth of shares across multiple ETFs. According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, ARK Next…