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US Sanctions Iran’s Largest Crypto Exchange Nobitex in Major ‘Economic Fury’ Crackdown

Treasury alleged that Iranian crypto exchanges enabled sanctions evasion while processing transactions connected to the IRGC and regime insiders. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian crypto exchanges. The move is part of the Donald Trump…

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Defense tech is flooded with money, but who’s built to last?

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract…

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FIFA faces wave of crypto scams targeting World Cup fans

Crypto-related fraud targeting FIFA World Cup fans has intensified ahead of the 2026 tournament, with U.S. authorities warning that scammers are using fake ticket offers, phishing websites, and cryptocurrency payment requests to steal money and personal data. Summary U.S. authorities warned that scammers are targeting World Cup fans with fake ticket sales, phishing websites, and…

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Nineteen New AI Billionaires Worth $59.3 Billion. Will the Boom Make You Rich? – Bitcoin News

Key Takeaways OpenEvidence topped 100M consultations, creating 19 AI billionaires worth $59.3B in 2026. Mercor grew revenue from $100M in 2025 to $1B in 2026, boosting AI data infrastructure. Bill Gates backs AI tax debates as investors target regulated sectors with measurable ROI. The first crop of AI tycoons made their money on foundational models;…

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Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan

Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead. Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment. In his latest memo, Hougan flagged three factors influencing the…

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Bessent says U.S. Bitcoin Reserve is moving into new ground

Treasury Secretary Scott Bessent has told senators that the Trump administration remains committed to expanding the United States’ Strategic Bitcoin Reserve while pressing Congress to pass major crypto legislation this summer. Summary Treasury Secretary Scott Bessent said the Trump administration remains committed to expanding the U.S. Strategic Bitcoin Reserve. Bessent told senators that the reserve…

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