Regulatory Whirlwind: CFTC Targets Argent Capital in Major Fraud Case

The post WTI surges above $74 as Trump confirms MoU with Iran is over appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks. The oil price surges as the confirmation from United States (US) President Donald Trump that the memorandum of understanding (MoU) with Iran, which aimed at ending the war in the Middle East, is over, has revived risks of global energy supply disruption. Speaking at the NATO summit in Ankara, Türkiye, US President Trump said, I think the MoU with Iran is over.” Trump added, “We attacked very powerfully last night, the very dangerous people from Iran. They’re sick; there’s something wrong with them,” Moneycontrol reported. Last night, the US Central Command confirmed attacking Iran’s military infrastructure in response to Tehran striking commercial ships transiting through the Strait of Hormuz, a vital passage to almost on

The post US President Trump: I think MoU with Iran is over appeared on BitcoinEthereumNews.com. United States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over. Additional comments I don’t want to deal with Iran; they are sick people. On NATO, Trump says not happy with NATO over Greenland and Iran. Spain is a terrible partner in NATO. Tells Treasury Secretary Scott Bessent to cut off all trade with Spain. I want no business with them. Greenland is a big problem for us. We are treated unfairly in NATO, we pay disproportionately. Market Reaction Significant buying interest is seen in the US Dollar (USD) and oil prices after remarks from US President Trump. The US Dollar Index (DXY) rebounds from the day’s low of 100.95 to near 101.15. The WTI Oil price surges almost 3% to near $74.00. US Dollar FAQs The US Dollar (USD) is the official currency of the United

The post EU Foreign Affairs Chief Kallas condemns Iran’s attacks on Bahrain and Kuwait appeared on BitcoinEthereumNews.com. European Union (EU) Foreign Affairs Chief Kaja Kallas said during the European trading session on Wednesday that exchanges of fire between the United States (US) and Iran further complicate already fraught talks to end the war. Additional remarks Next Monday, EU foreign ministers will meet with Gulf counterparts to discuss how they can support implementation of the agreement and preserve freedom of navigation in the strait as well as the Red Sea. Iran’s attacks on Bahrain and Kuwait are unacceptable. Market Reaction No immediate reaction was seen in the US Dollar (USD) following remarks from EU’s Kallas. At press time, the US Dollar Index (DXY) tardes 0.15% lower at around 100.95. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period

The post Iran says any location that supports US attacks are legitimate targets appeared on BitcoinEthereumNews.com. According to the Iranian State Media, Iran’s Top Joint Military Command said, “Tehran considers any location that supports United States (US) attacks on Iran as its legitimate target.” However, there has been no official confirmation from other media outlets. Market Reaction A slight buying interest is observed in oil prices after remarks from Iran. At press time, the WTI Oil price trades firmly near an almost two-week high around $72.00. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is cons

The post Indian Rupee edges up against US Dollar, ignores rising oil prices appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) ticks higher against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair edges down to near 95.00 despite renewed geopolitical risks, following United States (US) attacks on Iran, which have lifted oil prices. In the opening session, the MCX Crude Oil contract expiring on July 20 is up 2.62% to near 6,882. The contract also gained almost 2.35% on Tuesday. Currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform when oil prices surge. US strikes in retaliation for attacks on commercial ships The US Central Command has reported, through a post on X, that it launched powerful attacks on Iranian military infrastructure for attacking commercial ships transiting through the Strait of Hormuz, a critical chokepoint for almost 20% of global energy supply. In response, Tehr

The post Iran-Israel Strikes Push Bitcoin Down 1% to $62,657 appeared on BitcoinEthereumNews.com. IRAN-ISRAEL News Bitcoin (BTC) slipped to $62,657 in Asian trading hours on Tuesday, down nearly 1% since midnight UTC, after the United States and Iran exchanged fresh aerial strikes and drove the dollar higher. The renewed Iran-Israel-linked conflict, which has repeatedly rattled risk markets this year, sent traders reaching for safety again. Major altcoins followed the leader lower: Ether (ETH), XRP (XRP) and Solana (SOL) each fell between 1% and 2.3% over the same window. Our reading of the tape shows the selling was orderly rather than a panic flush, but the geopolitical bid for the dollar kept a firm lid on every major token through the session. The commodity side amplified the pressure. WTI crude futures jumped more than 2% to $72.27 a barrel as the strikes reignited fears over supply through one of the world’s most sensitive energy corridors. The Dollar Index held steady above 101.

The post Bitcoin-Linked Fund Founder Trevor Vernon Charged in $14M CFTC Fraud Case appeared on BitcoinEthereumNews.com. Crypto News Bitcoin (BTC) exposure sat at the center of a fresh federal fraud case this week, as the Commodity Futures Trading Commission sued Trevor L. Vernon and his firm, Argent Capital Management, over an alleged $14 million scheme. The regulator filed its complaint in the U.S. District Court for the Western District of North Carolina, accusing the defendants of concealing heavy trading losses while assuring clients their balances kept climbing. The pool traded stock index futures, options and crypto assets, mixing traditional derivatives with digital tokens including Bitcoin and smaller altcoins. Our reading of the filing places the misconduct across nearly four years, a lengthy runway for an alleged deception of this scale. The official filing states the conduct ran from at least March 2022 through February 2026, during which the defendants raised money from no

The post Bitcoin’s path to $80K may hinge on THIS hidden trend appeared on BitcoinEthereumNews.com.  The Coinbase Bitcoin Premium Index has experienced the longest-ever 50-day consecutive negative premium, according to Coinglass data. This indicates that institutions have been net sellers rather than aggressive buyers, or that institutional demand in the United States has been muted for a long time. Although a protracted negative premium frequently indicates short-term market weakness and cautious sentiment and does not always portend a long-term bearish trend. Source: CoinGlass Is another decline incoming? Meanwhile, the short-term average of Bitcoin’s Net Unrealized Profit/Loss (NUPL) crossed below the longer-term average on the 2nd of June. This happened when the 30-day EMA was at 0.155 and the 100-day EMA stood at 0.215. Source: CryptoQuant Even though both averages are still above zero, indicating that the average holder is still making money, this bearish crossover indicates that