U.S. Treasury Sanctions Iran’s Largest Crypto Exchange In Sweeping Economic Warfare Push

The U.S. Department of the Treasury’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, and three other Iranian crypto platforms on Tuesday, marking the Trump administration’s sharpest blow yet to Tehran’s digital financial infrastructure.

Nobitex processed more than 50% of all Iranian digital asset inflows in 2025, according to OFAC, and has served as a conduit for payments tied to Iran’s Islamic Revolutionary Guard Corps, ransomware operations, and attempts to shield regime wealth during internet blackouts that followed U.S. combat operations in Iran, according to the Treasury release.

Treasury Secretary Scott Bessent, in announcing…

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Coinbase Backs DeFi Protocol Ethena, But COIN Still Plunges 5% – Coinbase Global (NASDAQ:COIN)

USDe Integration Goes Live Next Week For 100 Million Coinbase Users

Ethena founder Guy Young confirmed the integration launches next week, marking the first time Ethena products become available to Coinbase’s full user base. 

The partnership centers on dollar savings products and includes Circle’s (NYSE:CRCL) USDC stablecoin, but the companies have not disclosed the exact structure of the collaboration.

“Given the evolving nature of the CLARITY Act, we expect further potential tailwinds for onchain native products like USDe from idle balances on exchanges, and Ethena is well-positioned to support this transition,” Young posted on X. 

The CLARITY Act will determine whether platforms…

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CFTC Chairman Michael Selig Says Gemini Was ‘Politically Targeted’ By Biden Administration

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, may have been politically targeted under the Biden administration, according to current Commodity Futures Trading Commission Chairman Michael Selig.

“Politically Targeted”

Speaking on CNBC’s Squawk Box, Selig said the CFTC is attempting to reverse what he described as a flawed enforcement action against Gemini.

The comments mark one of the strongest criticisms yet from a Trump-era regulator against prior U.S. crypto enforcement actions.

“The Biden administration weaponized the federal agencies against the crypto industry,” Selig said. “They politically targeted people like the Winklevoss twins, and that’s not acceptable.”

Benzinga

A Little Story About Inflation

When I was a teenager, I delivered newspapers. I earned 10 German marks (DM) per hour. That was enough money to buy 33 scoops of ice cream, since a single scoop only cost 30 cents, or pfennig, as they were back then.

Fast forward to 2025: today, a teenager delivering newspapers earns at most €12 per hour. However, a scoop of ice cream now costs a hefty €1.50, and sometimes more than €2 in the big cities. This means that for every hour of newspaper delivery, you can afford at best a mere eight scoops of ice cream, but it’s often less than that.

The working time of a newspaper boy or girl has been significantly devalued in Germany over the last forty years. An hour’s work now…

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MSTR Plunges 8% As Peter Schiff Says Saylor’s STRC Bitcoin Engine Is In A ‘Death Spiral’ – Strategy (NASD

Cash Reserve Drained From 21 Months To 6.1 Months

Strategy’s USD reserve, designed to cover preferred stock dividends, stood at $871 million as of May 31, covering just 6.1 months of payments. 

Saylor himself said he wants that number above 18 months.

Annual dividend obligations across Strategy’s four preferred stock series now exceed $1.7 billion, meaning the reserve eroded from over two years of coverage at the start of 2026 to barely half a year today.

The drain happened quickly. Strategy pulled $1.38 billion from the reserve to repurchase $1.5 billion of convertible debt at an 8% discount. 

While the debt buyback made financial sense, it left the dividend buffer dangerously… Read more on Benzinga

Charles Schwab Sets Mid-2027 Target For Advisor Bitcoin And Crypto Spot Trading

Charles Schwab, the country’s largest custodian for registered investment advisors, is on track to roll out spot cryptocurrency trading, transfers, and custody services for its advisor channel by mid-2027 — a move that could reshape how trillions of dollars flow into digital assets through professional wealth management.

The disclosure came at Schwab’s Advisor Services Midyear Media Roundtable on May 28, where Jalina Kerr, Managing Director and Head of Advisor Experience, confirmed the timeline. 

The advisor product is distinct from what Schwab rolled out to retail clients this spring. In April 2026, the bank announced Schwab Crypto™, a spot Bitcoin trading service for…

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Arthur Hayes: My $100,000 Against Yours That SOL Will Not Outperform The Hottest Coin In The Market – Hyp

Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto

The wager carries extra weight given the history between the two. Samani called Hyperliquid “everything wrong with crypto” in February, criticizing its closed-source architecture and accusing the protocol of facilitating illicit activity. 

Despite those public criticisms, on-chain analysts later found wallets linked to Multicoin Capital had purchased over $40 million worth of HYPE.

Hayes has held a $150 price target on HYPE since March, predicting it reaches that level by August 2026 if annualized protocol revenue returns to $1.4 billion. 

He expects the market to rerate the token from roughly 12 times earnings…

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Bitcoin Plunges Below $68,000, ETH, XRP Lose Over 2%: What Is Going On With Crypto?

ETF Flow Reversal – Biggest Weakness

In its June 2026 Market Update, Wintermute research noted that market weakness comes as spot Bitcoin and Ethereum ETFs recorded roughly $2 billion in combined outflows over 10 days, marking the longest redemption streak since launch.

Strategy (NASDAQ:MSTR) selling also added to bearish sentiment, while XRP products continued attracting inflows.

The ETF flow reversal has become one of the market’s biggest pressure points.

The institutional bid that helped drive Bitcoin from $70,000 to $80,000 earlier this year has weakened materially, leaving spot markets heavy without a strong new buyer base.

However, Nasdaq continued rallying on AI momentum and small…

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LATEST: Ramaswamy’s Strive Acquires 2,500 Bitcoin in Major Treasury Move

Strive, a public company (NASDAQ: ASST), has acquired an additional 2,500 Bitcoin. The purchase totaled approximately $185.2 million at an average price of $74,092 per Bitcoin between May 23 and June 1, 2026. This brings the company’s total Bitcoin holdings to exactly 19,000 BTC.

The acquisition was funded primarily through Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA). The company issued new SATA shares raising about $175.41 million, covering roughly 95% of the cost, with the remainder from Class A common stock sales. This marks another step in Strive’s strategy as a Bitcoin treasury-focused asset management firm.

The move was disclosed in an SEC 8-K filing and announced publicly. It positions Strive among the notable public companies holding significant Bitcoin reserves. The purchase occurred amid fluctuating Bitcoin prices during that week.

Bitcoin Price Crashes To $67,000 Range, Down 13% In A Week

Bitcoin price has fallen below $68,000 on Tuesday, its lowest level since early April, battered by a multitude of forces. Some of them include Strategy’s first Bitcoin sale in three and a half years, a record ETF outflow streak, and fresh on-chain movement from the long-dormant Mt. Gox estate.

The catalyst that some think rattled markets was a disclosure from Strategy filed with the SEC on Monday. The company sold 32 Bitcoin between May 26 and May 31, fetching an average bitcoin price of $77,135 per coin for total proceeds of roughly $2.5 million. 

The sale is intended to fund distributions on STRC, Strategy’s perpetual preferred stock carrying an 11.5% annual variable dividend.

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