GENIUS Law Faces Criticism for Limiting Stablecoin Interest Transfers After Bank Lobbying News ETHNews
The GENIUS Act bans stablecoin interest payments, sparking criticism. David Sacks claims bank lobbying drove the rule to protect traditional deposits from digital competition, calling it anti-competitive.
Bitcoin Price Crashes Below $100K as Iran Votes to Close Strait of Hormuz
Bitcoin’s price dropped below $100,000 amid geopolitical tensions as Iran voted to close the Strait of Hormuz, causing market turmoil and altcoin selloffs.
Chainalysis Links Iran’s Exchange Curfew to Broader Sanction-Evasion Controls News ETHNews
Iran restricts crypto exchange hours after a $90M Nobitex hack by Predatory Sparrow, with Chainalysis linking the curfew to broader sanction-evasion controls and political destabilization efforts.
Bitcoin crashes as Iranian Parliament approval of Hormuz Strait closure threatens oil disruption, stokes global inflation
Bitcoin’s price dropped after Iran’s Parliament approved closing the Strait of Hormuz, threatening oil supply disruptions and global inflation, which could push oil prices above $100 per barrel.
Bitcoin Plunges Below $100K as XRP and Dogecoin Prices Hit 2-Month Lows – Decrypt
Bitcoin dropped below $100K as Ethereum, XRP, Solana, and Dogecoin hit multi-month lows amid Middle East tensions. Over $900M in crypto positions were liquidated, with bearish sentiment growing.
Mastermind of $243,000,000 Bitcoin (BTC) Hack Cooperates With Feds, Pleads Guilty to Charges: Report – The Daily Hodl
Veer Chetal, involved in a $243M Bitcoin hack, pleads guilty to fraud and money laundering. He agreed to testify against co-defendants in the social engineering scam targeting crypto holders.
US Bombs Iran, and Now Everyone’s Wagering on What’s Next – Bitcoin News
Following U.S. airstrikes on Iran, prediction markets surged with bets on potential outcomes like invasion, regime collapse, and nuclear deals, impacting geopolitical and crypto markets.
Jan3’s Mow Believes France Could Lead Bitcoin Nation-State Adoption in Europe
Samson Mow of Jan3 believes France could lead Bitcoin adoption in Europe after meeting pro-Bitcoin lawmaker Sarah Knafo to discuss a national Bitcoin reserve strategy and favorable regulations.
Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin (OIL) Soars 400%
Iran considers closing the Strait of Hormuz, a vital oil shipping route, amid tensions with the US. Meanwhile, the memecoin OIL surged 400% as oil prices are expected to rise.
Singapore New Crypto Rules: $200K Fines, Jail Risk
Singapore mandates all entities offering digital token services overseas to obtain a DTSP license or cease operations by June 30, 2025, with strict penalties for non-compliance.
