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US Sanctions Target Iran's Largest Crypto Exchanges Amid Bitcoin Market Turmoil

US Sanctions Target Iran’s Largest Crypto Exchanges Amid Bitcoin Market Turmoil

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U.S. Treasury sanctions Nobitex, Wallex, Bitpin, and Ramzinex for alleged ties to IRGC and sanctions evasion. Bitcoin dips amid broader market pressures, trading near $66,000-$67,000 levels. Action marks intensified economic pressure on Iran amid geopolitical tensions. The U.S. Treasury Department has imposed sanctions on several of Iran’s largest cryptocurrency exchanges, including Nobitex, as part of its ongoing...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

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Strategy sold 32 BTC for approximately $2.5 million at an average price of $77,135 per bitcoin between May 26 and May 31. The sale reduces holdings to 843,706 BTC, with proceeds directed toward distributions on its STRC preferred stock. This is the company’s first Bitcoin sale since a 2022 tax-loss harvest, signaling a shift toward active balance sheet management while maintaining net accumulation. Strategy, the...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, News

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White Hat Hacker Unlocks Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

White Hat Hacker Unlocks $2 Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

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A pseudonymous white hat developer known as 0xflorent recovered roughly 1,003.62 ETH (about $2 million) locked in a 2016 HongCoin ICO contract. The funds, belonging to 48 original investors, became trapped due to a bug in the refund mechanism after the project failed to meet its funding goal. The recovery exploited an integer overflow flaw in an admin function, executed in coordination with the project team. Investors can now...

Cryptocurrencies, Ethereum, Front page, Hacks, News

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Bitcoin ETFs Record Longest Outflow Streak as .8 Billion Exits Funds Amid Cooling Demand

Bitcoin ETFs Record Longest Outflow Streak as $2.8 Billion Exits Funds Amid Cooling Demand

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U.S. spot Bitcoin ETFs recorded nine straight days of outflows, the longest streak since their January 2024 launch, with $2.8 billion pulled amid shifting investor sentiment. Bitcoin has underperformed broader risk assets, trading around $73,000 while equities hit records. Analysts point to profit-taking and competition from AI/tech sectors as key factors. U.S. spot Bitcoin ETFs have experienced their longest streak of net...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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Gemini Launches Grok-Powered AI Command Center for Personalized Crypto Market Insights

Gemini Launches Grok-Powered AI Command Center for Personalized Crypto Market Insights

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Gemini introduces Command Center, an AI-powered personalized market feed built with SpaceXAI and powered by Grok. Feature surfaces real-time insights, signals, summaries, and predictions tailored to user preferences, integrated with prediction markets. Move highlights Gemini’s AI expansion following agentic trading capabilities and regulatory progress with the CFTC. Crypto exchange Gemini has rolled out a new...

AI, Cryptocurrencies, Front page, News

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