Latest FinTech & Blockchain News
U.S. seizes about $1 billion in Iranian crypto assets
U.S. authorities seized roughly $1 billion in Iranian-linked crypto as part of a broader Treasury pressure campaign against Iran. The action underscores how blockchain tracing and sanctions enforcement are increasingly shaping global crypto policy.
Paxos becomes first blockchain clearing agency
A weekly crypto market recap says Paxos was named the first blockchain clearing agency, marking a notable milestone for regulated digital-asset infrastructure. If confirmed by regulators and counterparties, the designation could help accelerate institutional adoption of blockchain-based settlement rails.
Trump ends U.S. CBDC push, per market recap
A crypto market recap covering May 24–30 says Trump killed the U.S. CBDC effort, signaling a major policy shift against a central bank digital currency. The development matters because U.S. CBDC policy can influence global regulatory direction and private-sector payment innovation.
Bitcoin Depot shuts down its ATM network after Chapter 11 filing
Bitcoin Depot filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas and took its roughly 9,700 Bitcoin ATMs offline. The collapse highlights pressure from scam complaints, tighter regulation, and a business model that has become harder to sustain.
Bitcoin ATM industry faces a broader regulatory squeeze
CryptoSlate reports regulators are tightening rules and bans around Bitcoin ATMs as complaints and fee caps weigh on operators. The trend raises questions about whether a compliant ATM model can remain viable at scale.
Hyperliquid gains attention as a major crypto market contender
Bitwise CIO Matt Hougan argued Hyperliquid should be valued against the broader $600 trillion global asset market rather than just crypto’s current size. His comments suggest that some investors see decentralized trading infrastructure as a platform with far larger long-term upside than typical token narratives.
ONDO drops toward key support after whale deposit
A whale deposited 6 million ONDO, worth about $2.13 million, into Bybit, raising concerns about distribution into market weakness. ONDO fell to around $0.346 and now sits near a critical $0.34 support level as bearish sentiment deepens.
ONDO derivatives data points to weakening sentiment
AMBCrypto says ONDO’s OI-weighted funding rate fell to about -0.0020%, which indicates traders were paying to hold bearish positions. Combined with negative spot netflows, the data suggests sellers currently have the upper hand.
Wintermute-linked wallet activity adds pressure to ONDO
The ONDO transfer reportedly traced back through wallets linked to Wintermute, increasing concern that a large holder may be distributing tokens. That kind of flow can amplify downside when price is already testing support.
Florida congressional candidate sells 10 BTC to fund campaign
Republican candidate Michael Carbonara reportedly sold 10 Bitcoin for about $800,000 in USDC to finance his congressional run. The move is notable because it shows how crypto holdings are being converted into political funding in a high-profile U.S. race.