US Targets $1B in Iran-Linked Crypto for Seizure
The potential seizure follows earlier US actions against Iran-linked wallets and exchanges, but Bessent did not say whether the $1B target is new or includes previously announced seizures.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The potential seizure follows earlier US actions against Iran-linked wallets and exchanges, but Bessent did not say whether the $1B target is new or includes previously announced seizures.
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Meanwhile holds 1,183 BTC in reserves, up fivefold year-on-year, and counts 15 wealth-management partners across Asia and the Gulf as BTC-denominated legacy planning enters family-office practice.
Thailand becomes the first major Southeast Asian market to wrap BTC and ETH inside its conventional fund framework, with retail access still gated by risk signoffs and local custodians.
692 $BTC (≈57.2M) moved from unknown wallet to #OKEX.
The raise lifts Meanwhile's total funding to $180M and signals that BTC-denominated life insurance is finding serious traction among high-net-worth clients across Asia and the Middle East.
The sell-off adds MARA to a growing list of publicly traded miners liquidating treasury Bitcoin, raising questions about whether the sector is collectively signaling balance-sheet stress.
Only Franklin's EZBC bucked the tide among all Bitcoin ETF products, while Ethereum funds extended their longest consecutive outflow run in recent memory.
Bitcoin ETFs shed $244M in a single session while a $1B liquidation wave pushed BTC back toward $82K, leaving XRP spot funds as the lone bright spot across the crypto ETF complex.
Transfers to Coinbase Prime don't prove a sale, but with $930M of $1.14B in 24h liquidations hitting longs, the optics alone tightened an already fragile tape.
Three of the four major spot products bled capital simultaneously, a pattern more consistent with broad risk-off positioning than isolated profit-taking on any single asset.
The Core Lightning team shipped three releases in two weeks, withheld security tests to slow exploit development, and closed a funds-loss risk on routing nodes.
1K $BTC (≈82.4M) moved from #Binance to #Kraken.
The deposit coincides with a 6.9% BTC drawdown, raising fresh questions about whether seized-coin liquidations are now a structural overhang on price.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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