Invest ideasNews
3 Jun 2026, 21:41
US Sanctions Iran’s Largest Crypto Exchange Nobitex in Major ‘Economic Fury’ Crackdown
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 administration’s Economic Fury campaign aimed at increasing economic pressure on Tehran. The Treasury’s sanctions apply to Nobitex, Wallex, Bitpin, and Ramzinex. US officials allege that these exchanges helped users bypass sanctions, facilitated financial activity connected to Iran, and processed transactions linked to the Islamic Revolutionary Guard Corps (IRGC). Terror Finance and Sanctions Evasion Risks In an official statement this week, Treasury Secretary Scott Bessent claimed that Iran has increasingly used digital asset technologies to advance its “corrupt agenda,” including circumventing sanctions and transferring wealth outside the country. He added that Treasury would continue tracking financial activity through both traditional banking channels and digital assets as part of the administration’s broader effort to prevent Iran from developing a nuclear weapon. According to Treasury, Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and played a central role in the country’s crypto ecosystem. The agency alleged that the exchange facilitated payments linked to Iran’s terrorist activities, sanctions evasion efforts, and IRGC-related transactions, including activity involving IRGC-affiliated ransomware actors. Treasury also accused Nobitex of helping the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to support the Iranian rial and enabling regime insiders to access international crypto exchanges across multiple jurisdictions. Treasury said Nobitex helped protect and move assets out of the country despite internet blackouts from the very start of the war. In addition to sanctioning the exchange, OFAC designated Amir Hossein Rad, Nobitex’s chairman, co-founder, and former CEO, along with several other company leaders and officials. According to their findings, Rad helped restore Nobitex’s operations after the platform suffered a $90 million hack in June 2025. The agency also sanctioned Nobitex co-founders Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali, both members of the Kharrazi family, which Treasury described as part of Supreme Leader Mojtaba Khamenei’s inner circle. Current Nobitex CEO Seyed Ali Khoee was also designated. Wallex, Bitpin, and Ramzinex Also Targeted Meanwhile, Wallex, identified as Iran’s second-largest digital asset exchange by volume, was said to have received 12% of Iranian digital asset inflows in 2025 and allegedly facilitated transactions linked to the IRGC. Bitpin accounted for 10% of Iranian digital asset inflows in 2025 and processed millions of dollars in transactions, including transfers allegedly connected to the IRGC, while some of its investors have reportedly been linked to efforts to evade US sanctions. Ramzinex, a Tehran-based exchange founded in 2018, has processed more than $2.45 billion in transactions and allegedly facilitated transactions linked to the IRGC and an Iranian government-backed financial institution. The post US Sanctions Iran’s Largest Crypto Exchange Nobitex in Major ‘Economic Fury’ Crackdown appeared first on CryptoPotato .
3 Jun 2026, 21:15
Bitcoin Slips Below $65,000 as Market Faces Renewed Selling Pressure
BitcoinWorld Bitcoin Slips Below $65,000 as Market Faces Renewed Selling Pressure Bitcoin (BTC) has fallen below the $65,000 mark, continuing a period of heightened volatility in the cryptocurrency market. According to Bitcoin World market monitoring, BTC is currently trading at $64,792.6 on the Binance USDT market, reflecting a notable decline from recent highs. Current Market Snapshot The drop below $65,000 represents a significant psychological threshold for traders and investors. This level has historically acted as both support and resistance, and its breach suggests that selling pressure has intensified in the short term. The move comes amid broader market uncertainty, with altcoins also experiencing mixed performance. Factors Behind the Decline Several factors may be contributing to the current price action. Macroeconomic concerns, including interest rate expectations and regulatory developments in major economies, continue to influence risk assets like Bitcoin. Additionally, on-chain data shows increased exchange inflows, which often precede selling activity. The market is also digesting recent comments from policymakers regarding digital asset regulation. What This Means for Traders For active traders, the $65,000 level now becomes a key resistance zone to watch. A sustained move below this area could open the door to further downside toward the $62,000 support level. Conversely, a quick recovery above $65,000 may signal that the market is absorbing selling pressure. Volume and order book depth on major exchanges like Binance will be critical to monitor in the coming sessions. Conclusion Bitcoin’s dip below $65,000 underscores the ongoing volatility inherent in cryptocurrency markets. While short-term price movements can be unsettling, they are part of the normal market cycle. Investors should focus on long-term fundamentals and avoid making impulsive decisions based on daily price swings. The market remains sensitive to macroeconomic signals and regulatory news, making it essential to stay informed through reliable sources. FAQs Q1: Why did Bitcoin drop below $65,000? The decline appears driven by a combination of selling pressure, macroeconomic uncertainty, and technical factors. Exchange inflows have increased, suggesting some holders are taking profits or cutting losses. Q2: Is this a good time to buy Bitcoin? Market timing is inherently uncertain. Investors should consider their own risk tolerance and investment horizon. The current level may present an opportunity for long-term buyers, but short-term volatility remains high. Q3: What are the next key support levels for Bitcoin? If the decline continues, the next major support levels are around $62,000 and $60,000. A break below those levels could signal a deeper correction. This post Bitcoin Slips Below $65,000 as Market Faces Renewed Selling Pressure first appeared on BitcoinWorld .
3 Jun 2026, 21:00
Binance ends NFT support on its exchange, gives users 30 days to withdraw
Binance has announced that it will shut down NFT support on its centralized exchange on July 3, 2026. Any current holders are expected to move their assets to self-custodial wallets or lose access permanently. NFT trading volumes have crashed from nearly $24 billion in 2022 to roughly $1.2 billion in 2026 so far. Other than Binance, other platforms that traded NFTs, like Nifty Gateway and Kraken NFT, have shut down. Binance pulls the plug on NFTs Binance first closed its dedicated NFT marketplace back in 2023. Now, the exchange is going further by removing NFT support from its main platform entirely. The company says this is an “upgrade” that moves NFT management to Binance Wallet, where users can access “Web3 and decentralized features” more easily. But for regular users who kept their NFTs on Binance to avoid dealing with seed phrases and gas fees, they have exactly one month to move their assets or have them become inaccessible. Non-transferable NFTs like Binance Academy certificates and certain event-based NFTs will become completely inaccessible after the deadline passes. However, Binance says it will issue PDF certificates to users holding non-transferable NFTs that certify course completion. Binance is offering 1 USDC to up to 100,000 users for completing eligible NFT withdrawals, but only for non-CR7 assets and only before June 17, 2026. Holders of Cristiano Ronaldo-linked CR7 NFTs are eligible for reimbursement until the 19th of July, but anyone who misses the June 17 cutoff for standard NFTs pays their own gas. What does the NFT market look like in 2026? Annual NFT trading volume reached roughly $23.8 billion in 2022, but in 2024 that figure dropped to about $8.9 billion. Even worse, in 2026, the current trading volume is roughly $1.2 billion. The NFT sector has been facing a prolonged downturn that has collapsed prices, leaving the current annual NFT trading volume at around $5.5 billion. Binance joins a growing list of platforms that have abandoned NFT operations. Gemini-owned Nifty Gateway , one of the oldest NFT trading platforms, shut down in February 2026 after facilitating over $300 million in sales at its peak during the 2021 digital art era. Kraken NFT and X2Y2 have also closed. NFT Paris, one of the sector’s marquee conferences, canceled its 2026 edition after four consecutive years, and Cryptopolitan reported that the organizers said the decision was due to the market crash and illiquid conditions. The cancellation reportedly left over 500,000 euros in sponsor fees unreimbursed, and the core team running the event was said to have left just before the final decision The smartest crypto minds already read our newsletter. Want in? Join them .
3 Jun 2026, 20:40
Polymarket and Kalshi set new daily crypto volume records on the same day
Polymarket and Kalshi recorded $176 million and $108 million, respectively, in daily crypto-category volume on June 2, according to data shared by analytics firm Artemis. Both figures are all-time highs for the respective prediction market platforms, and they come on the same day crypto markets saw their heaviest liquidation event since February. Did the crypto liquidation day fuel the surge? The two prediction market platforms posted their highest single-day crypto volumes during a session that saw over $1.76 billion in leveraged positions wiped out across crypto markets. Bitcoin fell below $67,000 for the first time since April 2, and the total crypto market capitalization shed around $137 billion. Kalshi crossed the $100 million mark for the first time in its crypto category with its $108 million, topping a previous daily record set on March 16. Polymarket’s $176 million session was also a new peak, per Artemis’ tweet. The sector was running hot before the spike Prediction markets generally have been having a relatively good year, as the sector posted $28.4 billion in total volume during May, a new monthly record that extended a streak of four consecutive months with rising volumes. Kalshi accounted for $17.3 billion of May’s total, which is around 61% of all prediction market volume and close to double Polymarket’s $8.4 billion, according to the Artemis data. Kalshi has pulled away from Polymarket since February across multiple categories. In crypto-specific contracts, Kalshi held a 60.45% share for the week ending May 17, which is a reversal from Polymarket’s 91.11% dominance at the start of the year. The gap has gotten wider at the platform level, with Kalshi crossing $4 billion in total weekly notional volume for the first time in the week ending May 17, and this is a 7,424% increase from $54.5 million a year earlier. Polymarket processed $2 billion the same week. Kalshi adds perpetual futures on the same day Kalshi announced on X on June 3 that Bitcoin perpetual futures are now live for trading on its platform, calling it “the first American perpetual future.” Perpetual futures are a mainstay of offshore crypto exchanges like Binance and Bybit, but have not been available on a CFTC-regulated venue until now. The product adds continuous exposure alongside Kalshi’s existing binary event contracts. Polymarket still commands liquidity depth Polymarket trails Kalshi on volume share but holds a larger pool of locked capital. DefiLlama data shows Polymarket with $535.58 million in total value locked , $488.35 million in open interest, and over 108,000 active addresses in the past 24 hours. Cumulative trading volume on the platform has reached $36.1 billion across its Polygon-based and off-chain order books. Polymarket’s revenue has also picked up. The platform generated $20.94 million in revenue over the past 30 days on $3.89 billion in trading volume during the same period, according to DefiLlama. New entrants eye the space The prediction market sector is also seeing new players enter the market, and one of them is Hyperliquid’s HIP-4. Cryptopolitan has previously reported that Hyperliquid launched HIP-4 outcome contracts on its mainnet on May 2, allowing developers to deploy prediction markets on top of an exchange already clearing hundreds of billions in monthly perpetual futures volume. HIP-4 has reached roughly 1% of Polymarket’s volumes so far, with about 500 active traders and 1 million trades processed, according to Dune Analytics data. Hyperliquid’s approach uses its own validators for market resolution rather than third-party oracles, and the platform plans to let third-party builders launch their own outcome pairs. The prediction market category now holds $595.91 million in total value locked across all platforms, according to DefiLlama. The smartest crypto minds already read our newsletter. Want in? Join them .
3 Jun 2026, 19:50
Kalshi launches first regulated Bitcoin perpetual contracts for trading in the U.S.
Popular prediction market platform Kalshi has officially begun offering Bitcoin perpetual futures for the U.S. public on June 3, making it the very first platform to list a CFTC-approved perpetual contract for American traders. This is a move that has been in the making for months, with expected competition to come up in the coming weeks from other prediction market platforms and institutions. Kalshi BTCPERP has been cooking for months The Commodity Futures Trading Commission (CFTC) signed off on the proposed contract on May 29 under Commission Regulation 40.3. Listed as BTCPERP, the novel product tracks Bitcoin’s spot price, has no expiration date, and is entirely cash-settled. Trading is expected to run 24/7, and the contracts will use a funding rate mechanism that is anchored to market spot prices, according to Binance News. Kalshi announced the launch on X , calling it “The First American Perpetual Future,” a post that drew hundreds of reposts and nearly 500 likes within hours, according to the company’s official account. Bitcoin Perpetuals are now live for trading. The First American Perpetual Future. Only on Kalshi. pic.twitter.com/P8oXcFeosy — Kalshi (@Kalshi) June 3, 2026 How Kalshi BTC perpetual futures will benefit U.S. traders Perpetual futures are among the most traded instruments in crypto worldwide. Reuters data put 2025 trading volume at $61.7 trillion, a 29% increase over 2024’s figures. Kalshi’s own figures placed the offshore total even higher, at $92.9 trillion for the same year of 2025. Almost all of that activity has run through offshore venues like Binance and Hyperliquid, platforms that American institutions could not easily access through regulated channels. The CFTC approval of the Kalshi Bitcoin perpetual futures opens a domestic alternative to American traders. Kalshi CEO Tarek Mansour told CNBC’s Squawk on the Street that perpetual futures represent “the purest form of trading.” Mansour framed the product as a step in Kalshi’s expansion from a prediction market into a more comprehensive derivatives exchange, and argued that regulated perpetual contracts would strengthen capital allocation and risk management for U.S. businesses as a whole. CFTC Chairman Michael Selig, a Trump appointee, gave hints toward the approvals months earlier. Speaking at the Milken Institute in March 2026, Selig said U.S.-listed perpetual futures were expected “in the next month or so.” Selig has mentioned that the Kalshi approval was “a major step forward” in the administration’s stated goal of positioning the United States as a global crypto hub. The CFTC said it would evaluate other perpetual futures contracts submissions for approval on a case-by-case basis, per the same report . Competition already forming Kalshi plans to expand the product line to more than a dozen cryptocurrencies pending regulatory clearance, after reaching a $22 billion valuation following a May 2026 funding round. More importantly, other platforms and exchanges are moving quickly to get their Bitcoin perpetual futures products approved. Kraken has stated that it intends to list its own CFTC-regulated perpetual futures within 30 days of Kalshi’s approval, covering Bitcoin and other crypto assets. Robinhood and Gemini have also both signaled interest in the same market. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
3 Jun 2026, 19:32
WSJ: Hyperliquid Has Become Wall Street’s Go-to Weekend and After-Hours Perps Venue
Hyperliquid is emerging as a key weekend and after-hours venue for Wall Street traders to trade perpetual futures, the Wall Street Journal reported, as round-the-clock onchain markets pull activity away from traditional exchanges. When the Markets Close, Hyperliquid Stays Open Hyperliquid, a decentralized exchange ( DEX) built for perpetual futures, has become a destination for
