Author: boss

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

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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 of the next financial era,” Lummis said. She added in a separate X post: “America built the dollar-dominated financial system that has anchored global stability for a century. The Clarity Act ensures we build the…

Expert Says Bitcoin Miners Are Expanding Beyond Mining Into Energy Infrastructure – Bitcoin News

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Key Takeaways Bitcoin difficulty rose 1.72% on May 29 as hashrate topped 1.02 ZH/s. Hashrate Index data shows hashprice fell 13.56% from the month’s high, squeezing miner margins in May. Renewablox Co-CEO sees bitcoin mining evolving beyond hashpower as the June 12 difficulty epoch nears. Bitcoin Difficulty Nears 139 Trillion and Sees Industry Transformation Bitcoin’s price spent the past seven days pacing between $72,800 and $77,700, according to market data. Those price levels have tightened the screws on mining profitability, weighing on bitcoin mining revenue, or the value generated by…

On-Chain Data Suggests XRP Still Overvalued Despite Weak Price Action — More Pain For Bulls?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT

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Stablecoin issuer Circle froze $12.6 million in USDC dollar-pegged tokens linked to privacy protocol Zama’s confidential USDC smart contract on Saturday, according to onchain sleuth ZachXBT. The smart contract is “publicly labeled” on block explorers and the privacy protocol’s technical documentation, ZachXBT said.  The exact reason for the freeze is “unclear,” he said, adding that wallets linked to the Overnight Finance decentralized finance (DeFi) protocol deposited $12.4 million into the Zama protocol on May 11, 2026. He said: “Overnight Finance held a governance vote recently to distribute treasury funds after…

The Bitcoin ‘Dream Entry’ To Wait For Before The Run-Up To $300,000

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A crypto analyst has identified multiple price levels he believes could be dream entry points ahead of Bitcoin’s (BTC) long-term price rally. The analyst has shared several ambitious price targets for BTC, expecting the cryptocurrency to skyrocket to $300,000 and even $500,000 in the coming years.  Analyst Identifies Bitcoin Buy Zones Before $300,000 Target In a recent X post, market expert Crypto Patel stated that while many investors are panicking after Bitcoin’s recent decline below $74,000, he is using the opportunity to quietly build his position. The analyst said he…

Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details

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Over the last week, the Bitcoin price has continued to see sustained selling pressure, with the flagship cryptocurrency trading around $73,400. According to recent on-chain data, changes in key market structures suggest Bitcoin might remain in this bearish state in the near to mid-term. Realized Cap Metric Reflects Growing Capital Outflows  In a recent post on QuickTake, on-chain analyst Carmelo Alemán revealed a notable decline in Bitcoin’s Realized Cap values. The analyst notes that, since January 19, the metric has dropped by 3.63%, from around $1.12 trillion to $1.08 trillion;…

XRP ETFs Attract $12M as Bitcoin Funds Extend Outflow Streak to 10 Days

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Key Takeaways Bitcoin ETFs lost $125.3M, extending a 10-day outflow streak led by Blackrock IBIT. Ether ETFs saw a 14th straight outflow day as ETHA withdrawals outweighed inflows. XRP, HYPE, and Solana ETFs attracted fresh capital, showing selective risk appetite. Bitcoin and Ether ETFs Lose $143M as XRP and HYPE Funds Gain Ground The week ended with a familiar split in the crypto ETF market. Investors continued to reduce exposure to bitcoin and ether funds, but they did not abandon the space entirely. Instead, capital moved with more care. The…

Zama Users Lose Access to $12.6M USDC After Circle Executes Court-Ordered Blacklist – Bitcoin News

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Key Takeaways Circle blacklisted Zama’s cUSDC Ethereum contract on May 30, 2026, freezing $12.6M in pooled USDC funds. A U.S. federal court TRO tied to Newton AC/DC Fund LP’s lawsuit against Maxim Ermilov triggered the freeze. Zama plans to isolate the flagged deposit before a June 1 hearing to restore access for unaffected users. Circle’s Zama Blacklist Freezes $12.6M, Raising Questions About USDC Use in DeFi Contracts The frozen address, 0xe978F22157048E5DB8E5d07971376e86671672B2, is labeled “Zama: cUSDC Token” on Etherscan and in Zama’s own documentation. It functions as a pooled confidential USDC…

Treasury Seizes $1 Billion in Iran-Linked Crypto, Scott Bessent Confirms at Reagan Forum – Bitcoin News

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Key Takeaways Treasury Secretary Scott Bessent says the U.S. has seized roughly $1 billion in Iranian crypto under Operation Economic Fury. Tether froze $344 million in USDT on Tron addresses tied to the IRGC and Central Bank of Iran on April 24, 2026. Iran faces 200%-plus hyperinflation and unpaid troops as Bessent signals continued seizures and conditional sanctions relief talks. Operation Economic Fury: Scott Bessent Says U.S. Seized $1B in Iranian Crypto, Wallets Grabbed Without Warning Bessent made the disclosure during a live interview with Fox Business host Larry Kudlow,…

Bitcoin Enters Buy Zone That Previously Led To A 660% And 1,700% Rally

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Crypto pundit Vivek has revealed that Bitcoin has entered a buy zone that led to parabolic rallies in the previous bull cycles. This comes as analysts predict that BTC risks dropping to the psychological $70,000 level, with the leading crypto showing weakness on lower timeframes.  Bitcoin Enters Historic Buy Zone That Led To Parabolic Rallies In an X post, Vivek stated that Bitcoin has entered the best buy zone of this cycle, similar to the buy zones in the 2018 and 2022 bear cycles, just before BTC rallied 1,700% and…