Senator Lummis Warns China Will Overtake the US in Crypto if CLARITY Bill Stalls

The United States will lose its leadership position in crypto to other countries, including China, if US lawmakers fail to pass the Digital Asset Market Clarity Act (CLARITY), a crypto market structure bill, according to Wyoming Senator Cynthia Lummis. Passing a comprehensive crypto regulatory framework would “ensure” that other countries “do not write the rules…

Bitcoin Treasury Space Still Has Fair Share of ‘Carnival Barkers’: BSTR Founder

The Bitcoin treasury company space is becoming more divided between firms with actual financial strategies and those leaning more on promotion, according to one industry executive. “I think a lot of them don’t have the right capital structure, right. They don’t have the ability to actually deploy Bitcoin,” Sean Bill — co-founder of Bitcoin treasury…

U.S. says it seized about $1 billion in Iranian crypto as pressure campaign expands

The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent said, describing the action as part of a broader campaign to cut off funding channels used by Tehran. Speaking in an interview on Fox Business, Bessent said U.S. authorities had “grabbed the wallets” and seized cryptocurrency connected…

Ex-Celsius CEO Files Motion to Vacate Sentence after Lawyers Withdraw

Alex Mashinsky, the former CEO of defunct cryptocurrency lending platform Celsius, has filed a motion in a New York court to vacate his 12-year sentence for fraud and market manipulation.  In a Tuesday filing in the US District Court for the Southern District of New York, Mashinsky filed a motion to vacate his 144-month sentence,…

Spot Bitcoin ETFs See Record 10-Day Outflow Streak, Analyst Calls It ‘Contrarian Indicator’

Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, a streak that one analyst says may signal a market bottom is near. According to data from SoSoValue, daily outflows ranged from $70 million to $733 million across the period, with the…

US Seizes Nearly $1 Billion in Iranian Crypto Assets, Treasury Secretary Says

The United States has seized roughly $1 billion in Iranian crypto assets, Treasury Secretary Scott Bessent said Friday, adding that some of the wallet owners may not yet know the funds are gone. “I believe that we have seized about a billion dollars of their crypto,” Bessent said while speaking at the Reagan National Economic…

Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools

The S&P 500’s longest weekly winning streak since 2023 and Brent crude settling near $92 on U.S.-Iran ceasefire hopes have failed to pull bitcoin BTC$73,502.13 and ether (ETH) higher, with the two largest cryptocurrencies finishing the week down nearly 3% as cooling spot bitcoin ETF inflows reinforced the pullback. The S&P 500 posted its ninth…

Bitcoin Retail Sentiment Still Matters, Says Swan Bitcoin CEO

Despite the growing institutional presence in crypto, retail sentiment is just as important as it was when Wall Street was largely on the sidelines, according to Swan Bitcoin CEO Cory Klippsten. “It still does. You have to remember it’s not like BlackRock owns the Bitcoin and Fidelity owns the Bitcoin. It’s a bunch of retail…

‘Extraordinarily Unusual’ for CFTC to Reverse Gemini Settlement Deal: Ex-chair

A former chairman of the US Commodity Futures Trading Commission (CFTC) responded to the agency’s move to vacate a $5 million settlement with cryptocurrency company Gemini. In a Wednesday motion filed in the US District Court for the Southern District of New York, the CFTC joined the Gemini Trust Company in seeking relief from the…

Bitcoin Buyers Stack $512M Bids Near $70K Support: Is A Reversal Ahead?

Bitcoin (BTC) traders have placed new buy orders near $70,000 as the price approaches a key liquidity zone. Order-book data shows more than $500 million in bid liquidity between $72,000 and $70,000, creating a demand zone that could shape BTC’s next move. BTC buy bids form key support zone Data from CoinGlass shows dip buyers…