Author: James Wilson

U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran. Summary Bessent said U.S. authorities could seize $1 billion in Iran-linked cryptocurrency during the week. Treasury sanctioned 17 vessels on Oct. 8 over alleged shipments of Iranian petroleum products. Tether reported approximately $550 million in Iran-linked USDT freezes during 2026. Chainalysis estimated Iran’s cryptocurrency ecosystem handled more than $7.78 billion in activity during 2025. Scott Bessent said at Newsmax’s NPolicy Summit in Washington on Oct. 8 that officials knew…

Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments. Summary The New York agreement ties $35 million in potential payments to forfeiture and prison conditions. Mashinsky must forfeit another $10 million federally or pay New York $25 million. The former Celsius chief is serving a 12-year sentence after pleading guilty to fraud. Celsius creditors received more than $3.4 billion through bankruptcy distributions by August 2026. New York Attorney General Letitia James announced the agreement on Oct. 9, resolving…

GRAM has risen 9% to $1.56 as Telegram has expanded access to Money, its non-custodial wallet for token transfers and collectible purchases. Summary Money appears inside Telegram after a user receives a transfer, according to Walt’s announcement. Users can store GRAM, send funds, and buy gifts or collectible usernames through Money. Walt offers Money top-ups alongside a separate platform supporting more than 300 digital assets. The reported rally lifted GRAM’s market capitalization to $4.12 billion and trading volume to $132.4 million. Walt announced that Telegram is extending Money beyond the selected users who previously had access, bringing the wallet to…

XRP price has slipped below its 50-day moving average near $1.43, leaving its rebound toward $1.39 facing resistance as Evernorth prepares for its delayed Nasdaq debut. Summary XRP price traded near $1.39 after falling 7.6% over seven days, according to CoinGecko. The daily chart places the 50-day moving average at $1.4336 and the 200-day at $1.2805. CoinGlass shows overhead liquidation concentrations around $1.43–$1.44 and $1.53–$1.54. Evernorth expects XRPN trading to begin Oct. 12, subject to closing conditions and Nasdaq requirements. CoinGecko recorded XRP at about $1.39 on Oct. 9, with a seven-day trading range of $1.32–$1.53. The token remained down…

Bitcoin price has recovered toward $83,000 after testing $80,400, but weakening daily momentum and a still-positive weekly breakout leave its October outlook dependent on holding the $79,600–$80,400 support zone. TradingView’s Binance BTC/USDT daily chart placed Bitcoin at $83,012 on Oct.… Source link

Zcash price has started recovering from its recent selloff, with easing selling pressure on shorter timeframes raising the possibility of a move back toward $1,300. Summary Zcash price recovered above $1,200 after recent losses, with easing selling pressure raising the possibility of a move toward $1,300. Developers are targeting January for quantum resistant payment support, while institutional interest in ZEC continues through ETF developments. ZEC remains above its 50 day EMA near $1,185, although the 20 day EMA at $1,337 continues to act as resistance. The 4 hour MACD remains negative, but its contracting histogram and a CMF recovery to…

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections. Summary Hill said SEC and CFTC crypto measures cannot provide the lasting framework Congress could establish. The Senate blocked CLARITY Act debate in September, with 49 votes supporting a 60-vote motion. Hill still hopes lawmakers can pass the bill during the post-election lame duck session. Seven commissioner seats remain vacant across the SEC and CFTC, according to the supplied report. Fox Business carried Hill’s comments…

Paxos has added XRP to its Crypto Brokerage platform, enabling partners to offer buying, selling, holding, depositing, and withdrawing for a token the company says is held across more than 8.1 million wallets. Summary Paxos has added XRP support for partner trading, custody, deposits and withdrawals. The XRP Ledger Foundation named PayPal, Venmo and major brokerages among Paxos’s existing clients. Schwab’s August token expansion included SOL, AVAX and LINK, without an XRP listing. Ripple has separately expanded custody support to Canton and brokerage services to Brevan Howard. Paxos said its brokerage now supports XRP, giving businesses using its infrastructure another…

Bitcoin has slipped below $84,000 after reaching $87,197 last Friday, while analysts have offered competing views on whether October can deliver a recovery toward $100,000. Summary SideShift founder Andreas Brekken predicts Bitcoin will reach $100,000 within weeks as investor attention turns toward crypto. Bitfinex says holding $84,000 could leave late short sellers exposed if spot buying increases. Nansen’s Jake Kennis says October’s historical gains do not establish a reliable Oct. 5 bottom. DWF Labs’ Martin Lee puts Monday’s $90 million ETF outflow against two months of strong inflows. Andreas Brekken, founder of SideShift.ai, told crypto.news that he expects a strong…

Ethereum price has fallen below $2,600 as escalating tensions around the Strait of Hormuz triggered a wider crypto sell-off and pushed ETH toward a key technical support zone. Summary Ethereum price fell below $2,600 as geopolitical tensions triggered a broader crypto market sell-off. ETH is testing the key $2,500–$2,560 support zone after dropping below its 20-day moving average. Daily RSI has fallen to 44.55, while the 4-hour chart shows ETH trading below its lower Bollinger Band. Analysts say holding $2,500–$2,560 could keep a rebound toward $3,000 in play, while a breakdown may deepen the correction. Ethereum (ETH) price traded around…