Tag: Bitcoin

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…

Bitcoin ETFs Register $4 Billion Outflows In 3 Weeks – Why This Is A Bullish Signal

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Following its bullish performance at the start of Q2 2026, the Bitcoin spot ETFs market has slumped into negative momentum in recent weeks, in line with the broader price correction. Data from ETF tracker shows that total net outflows for May stand at $2.30 billion, representing the largest negative performance since November 2025. However, a trend analysis by blockchain research firm Santiment reveals the recent market exit represents a similar market build-up for a bullish price breakout. In an X post on May 29, Santiment reports that total Bitcoin ETF…

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

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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 steepest single-day exodus recorded on Wednesday at $733.43 million. Total net assets held across spot Bitcoin (BTC) ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of…

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He Bought a Hard Drive He Thought Was New, but When He Plugged It in He Found 800 GB of Data Worth Thousands of Dollars – Bitcoin News

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Key Takeaways. Reddit user All-Seeing_Hands found 800GB on a “new” 1TB SSD, raising marketplace concerns. Kontakt and Reaktor files sparked piracy and malware fears across online storage sales. Seagate-linked counterfeit cases highlight why buyers should verify drives before use in 2026. A Redditor who thought they were unboxing a pristine 1TB SSD instead plugged in a drive that looked like a producer’s stash, stuffed with hundreds of gigabytes of music tools like Kontakt and Reaktor. The surprise windfall quickly turned into a trust test for online marketplaces, raising questions about…

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

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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 company BSTR, alongside Adam Back  — said during an interview with Cointelegraph published to YouTube on Tuesday. “They’re really planning on having Bitcoin do all the talking for them,” Bill said. “I do think that…

Bitcoin bear market could last until 2027

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CryptoQuant CEO Ki Young Ju warns the Bitcoin bear market could extend into early 2027, based on on-chain PnL data. Summary Ki Young Ju cited CryptoQuant’s PnL Index Signal, which shows investor profitability typically falls for 18 months after profit-taking cascades begin. The trend began in October 2025, placing a potential bear market bottom in early 2027 based on historical patterns. A true reversal requires unrealized profits to rise while realized profits fall simultaneously, a signal that has not yet appeared. CryptoQuant CEO Ki Young Ju posted on X this…