Stablecoin supply hits $322B; USDT+USDC hold ~83% as the CLARITY Act advances in the U.S. Senate. Liquidity, exchange pairing, and custody models may shift.
The post Argentine Prosecutors Arrest 24, Seize Over $8M in USDT in ‘Fake Coins’ Crypto-Fraud Sweep appeared on BitcoinEthereumNews.com.
The Buenos Aires Public Prosecutor’s Office said it ran 90 simultaneous raids and froze more than 8 million USDT across three fraud rings — fake trading apps, WhatsApp hijacks, and a Chinese-origin infostealer operation — in what it calls the province’s largest crypto seizure to date. Argentina’s Buenos Aires Public Prosecutor’s Office said it arrested 24 people and seized more than 8 million USDT in a nationwide sweep it called “Fake Coins,” one of the largest crypto-enforcement actions in the province’s history. The 90 simultaneous raids, executed by the Argentine Federal Police’s Cybercrime Directorate, also yielded nearly 60 million pesos in cash and 80 mobile phones. The prosecutor’s office put the dismantled schemes’ total economic damage at almost 3 billion pesos — roughly $2.4 million at recent rates — across more than 100 separate complaints.
The post Football Betting With Crypto Wallets: What Beginners Should Know appeared on BitcoinEthereumNews.com.
Football remains the world’s most popular betting sport, generating billions of dollars in wagering activity every year. At the same time, cryptocurrency has become one of the fastest-growing payment methods in online gambling. These trends are increasingly overlapping. Today, many football bettors fund their accounts with Bitcoin, USDT, Ethereum, and other cryptocurrencies instead of using bank cards. Some platforms even allow direct wallet connections through MetaMask, Trust Wallet, WalletConnect, and Telegram-based login systems. For beginners, this creates a simple question: How does football betting with a crypto wallet work? What Is a Crypto Wallet? A crypto wallet is software that allows users to store, send, and receive cryptocurrency. Unlike a bank account, a wallet gives users direct control over their funds. Popular wallet options include:
MetaMask
Trust W
The Buenos Aires Public Prosecutor's Office said it ran 90 simultaneous raids and froze more than 8 million USDT across three fraud rings — fake trading apps, WhatsApp hijacks, and a Chinese-origin infostealer operation — in what it calls the province's largest crypto seizure to date.
The post Youtuber Warns Bitcoin Bottom Is Not In as Stablecoin Dominance Hits Risk-off Level – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Tether burned $1.2 billion in 24 hours on May 31, matching a pattern that preceded Bitcoin’s drop from $90,000 to $60,000 in February 2026. Blackrock removed $2.1 billion in bitcoin over ten days while firms like Strive acquired 1,100 BTC in a single session, reflecting a split in institutional conviction. Polymarket priced an 85% chance Bitcoin reaches $70,000 before $90,000, with TradingView moving averages confirming a strong sell posture at current levels. 1-Hour Chart: Compression at Resistance On the 1-hour chart, bitcoin has built a series of higher lows since testing $73,100, which is a structure that hints at short-term buying interest. However, price has repeatedly been rejected near $74,100 to $74,200, and the repeated ceiling tests have compressed price into an increasingly tight range. The intraday support zone sits
Bitcoin traded near $73,840 on May 31, 2026, stuck in a narrow band between $73,412 and $74,110 as technical indicators signaled bearish pressure and institutional players moved in opposite directions. With stablecoin dominance climbing, Tether burning over a billion dollars in 24 hours, and Blackrock offloading $2.1 billion worth of bitcoin over the last ten […]
The post CLARITY Act Faces Banking Opposition as Stablecoin Debate Intensifies appeared on BitcoinEthereumNews.com.
Key Insights JPMorgan CEO Jamie Dimon criticized stablecoin provisions in the latest CLARITY Act draft. Banks continue arguing that crypto firms should face the same standards as deposit-taking institutions. Additional lobbying efforts could slow the bill’s path through Congress. The CLARITY Act faces renewed pressure from the banking sector as lawmakers continue debating a federal framework for digital assets. The latest opposition came from JPMorgan Chase CEO Jamie Dimon, who criticized provisions related to stablecoins and argued that crypto companies offering bank-like services should operate under comparable regulatory requirements. Banks Continue Challenging Stablecoin Rules Banking industry concerns remain centered on stablecoins and yield-bearing products. According to Dimon, firms that accept customer funds or offer products that resemble traditional deposits sho
The post Court Order Forces Circle to Freeze $12.6M USDC Linked to Zama Privacy Protocol appeared on BitcoinEthereumNews.com.
TLDR Circle executed a court-mandated freeze on $12.6M USDC stored within Zama’s privacy-focused smart contract The action originated from a class action lawsuit claiming Overnight Finance’s Maxim Ermilov misappropriated over $15M from treasury wallets Zama claims it was unexpectedly caught in the middle without prior notification of the freeze The entire contract pool was locked, preventing access to funds belonging to innocent Zama protocol users Blockchain investigator ZachXBT described the move as establishing a concerning precedent for freezing protocol contracts containing mixed user deposits In the early hours of Saturday morning, Circle implemented a freeze on $12.6 million worth of USDC following a federal court directive to blacklist a smart contract operated by Zama, a privacy-focused protocol. New: According to @zachxbt, @circle has frozen Zama’s con
The post CLARITY Act Enters Critical June Deadline as Lummis Warns of Chinese Dominance in Crypto Regulation appeared on BitcoinEthereumNews.com.
TLDR Galaxy Digital’s Mike Novogratz declares June the final opportunity for the CLARITY Act, stating it’s a “now or never” moment Senator Cynthia Lummis cautions that failing to pass crypto legislation now could delay action until 2030 JPMorgan’s Jamie Dimon confirms banking sector will aggressively oppose the current bill due to deposit interest provisions and AML standards Following Treasury Secretary Scott Bessent’s congressional appeal, Polymarket betting odds rose to 60% for passage A crowded Senate schedule including reconciliation debates, FISA matters, and housing legislation threatens the bill’s timeline A pivotal cryptocurrency market structure bill known as the CLARITY Act is approaching what may be its last chance for passage in this congressional session. Political leaders, crypto executives, and administration officials are mou
