š£ Today's Crypto Headlines
1. DOJ seizes $225M in āpig butcheringā stablecoins
The U.S. Department of Justice is seizing approximately $225.3āÆmillion in Tether stablecoins tied to a large-scale investment scam that defrauded over 400 victims. The recovered funds will be returned to victims, or if not, potentially fund a U.S. crypto reserve .
2. Iranās Nobitex hackedā$100M stolen
Iran's leading crypto exchange Nobitex was hacked by the group āPredatory Sparrow,ā allegedly connected to pro-Israel actors. Around $100 million in crypto (BTC, ETH, DOGE) was stolen, prompting nationwide internet restrictions .
3. Bitcoin flat, eyes U.S. dollar outlook
Bitcoin remains stable near $104.6K (+0.1% today). Analysts highlight the strong influence of the U.S. dollarās weaknessāBitcoin hasn't yet acted as a haven amid Middle East tensions .
4. U.S. Senate greenlights GENIUS Act
The bipartisan GENIUS Act passed the U.S. Senate on June 18, establishing strong stablecoin rules: issuers must keep reserves fully backed and audited monthly. The bill now heads to the House .
5. Justin Sun taking Tron public
Justin Sun is merging Tron with Nasdaq-listed SRM Entertainment to form "Tron Inc." SRM shares surged ~500% on the news. The deal follows a pause in SEC investigations related to Sunās entities .
6. Coinbase surges on stablecoin push
Coinbase stock jumped 16% to $295 on two boosts: the Senateās GENIUS Act and the launch of "Coinbase Payments," enabling USDC payments via Shopify .
7. Crypto markets up in May
Binance Research reports a 10.3% jump in global crypto markets in May, driven by Bitcoin nearing $112K, rising NFT/ETF volumes, and continued treasury adoption .
