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Crypto

Bitcoin up 24 percent in August, strongest since 2017 despite U.S.-Iran clash

Bitcoin posted its strongest August rise since 2017, gaining more than 24 percent to trade around $78,000, despite renewed U.S.-Iran military clashes and a hawkish turn by the Federal Reserve. Brent crude climbed to around $91 a barrel after strikes and retaliation, stoking inflation worries. Analysts said oil supply disruption risks remain limited. Market data showed spot trading volumes stayed weak, though activity stabilized and some exchanges saw modest month-on-month increases.

Crypto

U.S. Treasury OFAC sanctions two Iran-linked cryptocurrency exchanges

The U.S. Treasury Department\'s Office of Foreign Assets Control imposed sanctions on two Iran-linked cryptocurrency exchanges and one individual. The U.S. government judged they helped launder $5 million in digital assets connected to Iran. The sanctioned entities are Selbit, Avan Tether and Iranian national Siavash Kaivanpour. OFAC said the exchanges supported illicit cryptocurrency activity and sanctions evasion, with proceeds used to support Iran\'s Islamic Revolutionary Guard Corps.

Crypto

Bitcoin slumps to $65,000; leverage, Strategy sale and ETFs add pressure

Bitcoin slid into the $65,000 range to a new 2026 low, with broad declines across major tokens and bitcoin dominance falling to 57.75 percent. The drop was described as a compound shock led by excessive leverage and heavy spot inflows to exchanges. Strategy sold 32 bitcoins for the first time in four years, denting sentiment. Bitcoin broke below $70,000, triggering $1.5 billion in futures liquidations as spot bitcoin ETFs posted a third straight week of net outflows.