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Crypto World

Bitmine Buys $52M ETH, Tom Lee Says Fundamentals Strong

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Bitmine Buys $52M ETH, Tom Lee Says Fundamentals Strong

Bitmine Immersion Technologies has purchased another $52 million worth of Ether (ETH), with its chair, Tom Lee, saying that the token’s price isn’t yet reflecting the Ethereum blockchain’s strengths.

“Over the past week, we acquired 26,497 ETH,” Lee said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring.”

Bitmine is the largest Ether treasury company with 5.4 million ETH worth more than $10.5 billion. It had slowed its pace of buying earlier this month after scooping up more than 100,000 Ether a week for three straight weeks.

Source: Bitmine

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Ether is down 4.7% over the past week and has traded between $1,963 and $2,126, according to CoinGecko. It has traded mostly flat over the past day at just below $2,000.

Lee told CNBC on Monday that there is disappointment in crypto at the moment because it hasn’t moved while other sectors like software are rallying, but argued that it “always happens at the end of crypto winter.”

Related: Sharplink, Forward Industries among crypto firms considered for Russell indexes

Lee argued that the thesis for Bitcoin and Ethereum that he believes in still stands; that they are likely to be the future of money, despite the short-term price downturn across the market and some long-term holders and whales selling.

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“As AI systems evolve, we’re now talking about using commerce and operating websites, you need decentralized identity and verification, and that’s really what crypto does,” he said. 

“We know Wall Street wants to go toward tokenization; it’s a vast improvement in efficiency of how money actually moves, and it’s an innovation. That only happens on Bitcoin, Ethereum and other smart contracts. The future isn’t changed.”  

Bitmine announced plans to build an Ether treasury in July 2025, aiming to hold 5% of the total circulating supply of 120.6 million tokens. Its current stash holds over 5.4 million tokens, roughly 90% to its target. Lee has said he expects the company to hit its goal sometime in 2026.

Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies? 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Anthropic Cuts Off Access to Fable 5 and Mythos 5 Over US Directive

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Anthropic said it has suspended access to its Fable 5 and Mythos 5 AI models after receiving a U.S. government export control directive tied to national security concerns. The company disabled access for all users, including foreign nationals, effective immediately after it received the order at 5:21 p.m. ET on Friday.

In a statement posted on its website, Anthropic said the directive instructed it to suspend “all access” to Fable 5 and Mythos 5 by any foreign national, regardless of whether they are located inside or outside the United States. The company also said its other models, such as Opus 4.8, are not affected by the order.

Key takeaways

  • Anthropic suspended global access to Fable 5 and Mythos 5 after a U.S. export control directive citing national security concerns.
  • The order was received at 5:21 p.m. ET and required the company to halt access “by any foreign national,” including foreign national employees.
  • Other Anthropic models, including Opus 4.8, are reported as unaffected.
  • Anthropic says the government provided only verbal evidence of a narrow, non-universal jailbreak risk.
  • The company disputes the premise that such a finding should trigger a recall-style response for models used at large scale.

Export-control order forces worldwide suspension

According to Anthropic, the directive it received compelled the company to remove access to Fable 5 and Mythos 5 for all users. Anthropic said it acted abruptly to comply with the government’s legal instruction and ensure the directive’s requirements are met.

While the company did not provide additional details in the statement about the specific nature of the alleged threat, it said it understands authorities are concerned about a potential “jailbreak” method that could bypass the models’ safeguards.

What Anthropic says the government’s concern is

Anthropic characterized the government’s evidence as limited and not universal in scope. The company said the government did not provide detailed technical information but instead offered “verbal evidence” of a potential narrow, non-universal jailbreak. Anthropic described that type of jailbreak as involving requests for the model to read a specific codebase and then fix software flaws found there.

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In Anthropic’s framing, a non-universal jailbreak is fundamentally different from a “universal jailbreak”—the latter would enable broad, repeatable bypasses that work across many contexts. Anthropic argued that the alleged risk, as presented to the company, appears narrower than what would be required for a universal safeguard failure.

The company also expressed disagreement with treating a narrow, potential jailbreak as justification to roll back a frontier model that it said is deployed at very large scale. Anthropic argued that if the same threshold were applied industry-wide, it would effectively stop new frontier model deployments.

Timeline: new releases followed by compliance shutdown

The suspension came only days after Anthropic released Fable 5 and Mythos 5. The release followed the company’s earlier work with “Mythos Preview,” a general-purpose language model that Anthropic has previously said identified thousands of vulnerabilities in critical software.

Earlier coverage noted that Fable 5 and Mythos 5 were built on top of Mythos Preview and designed to demonstrate advanced capabilities, including security-relevant behaviors. The company’s current statement indicates that the export-control directive arrived in the middle of this rollout cycle, leaving Anthropic to disable access immediately rather than adjust the models incrementally.

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Anthropic also said it believes the government’s order may stem from a misunderstanding and that it is working toward restoring access for users as soon as possible.

Why this matters beyond AI product access

For investors, developers, and users, the episode highlights how quickly geopolitics and compliance requirements can intersect with frontier AI deployment. Even when a company believes an identified risk is narrow and non-universal, a government directive can still force immediate operational changes—particularly when export-control rules are interpreted to cover access by foreign nationals.

The situation also underscores a practical tension in model governance: technical risk assessments can point to targeted mitigation, while legal directives may impose broad suspension measures to ensure compliance. Anthropic’s claim that other models are not affected suggests the company may be trying to isolate the impacted releases, but the pathway back to normal availability is uncertain and depends on the government’s engagement.

Going forward, market participants and AI users will likely watch for any update on what additional evidence or clarification the government provides, whether Anthropic can demonstrate that the risk is contained, and how quickly access can be restored to Fable 5 and Mythos 5 without repeating the compliance-triggering conditions.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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BTC vs. ETH vs. XRP: Which Is Closest to a Major Reversal? Analyst Explains

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Following last week’s market-wide calamity in which the cryptocurrency markets shed over $400 billion and all major assets plummeted to yearly lows, many analysts have started speculating on where the bottom is.

The latest to do so was Ali Martinez, who outlined the lowest targets during this cycle for BTC, ETH, and XRP. Hint: there’s more pain ahead for all, according to his findings.

Bitcoin Bottom

The analyst with over 165,000 followers on X began with the largest cryptocurrency by market cap, indicating that the asset is “approaching a market bottom.” He noted that the MVRV Pricing Bands suggest the ultimate capitulation zone, and that level has historically been around the 0.8 MVRV Band.

If history repeats itself, it would represent another major leg down that will drive BTC toward $43,000. The other, less painful option would be a nosedive to the 1.0 MVRV Band, which is currently at $54,000.

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Interestingly, another recent analysis on BTC’s potential bottom suggested that it could arrive during the ongoing World Cup in North America. BIT Research justified their prediction with bitcoin’s A-B-C structure it has been following since the October 2025 rejection and subsequent bear market.

ETH Major Decline

While the leg down for bitcoin could see a more modest 32% drop from the current levels to bottom out, ETH’s projected crash is a lot worse. Basing his analysis on Ethereum’s Delta Price model, which measures the relationship between investor cost basis and miner production costs, Martinez warned that the largest altcoin can plummet to $700.

This level has “consistently flagged generational accumulation floors.” If such a major decline indeed transpired, then ETH will dump by another 60%. Moreover, its crash from last year’s all-time high at almost $5,000 would be north of 85%, which will be ‘shitcoin’ territory.

XRP Bottom Closeby

The landscape for ETH seems the most grim given Martinez’s projections. XRP, on the other hand, might be a lot closer to his targeted bottom. He noted that a dominant rising trendline on the monthly chart has “successfully defined every major cycle bottom for nearly a decade.”

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If XRP is to find its bottom again there, it could drop to somewhere between $0.70 and $0.90. The lower target would mean a 40% decline, while the higher one is only 21% away from XRP’s current price tag of around $1.15.

The post BTC vs. ETH vs. XRP: Which Is Closest to a Major Reversal? Analyst Explains appeared first on CryptoPotato.

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CFTC Takes New Mexico to Court Over Prediction Market Crackdown

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • CFTC sues New Mexico over attempts to apply state gaming laws to derivatives markets
  • KalshiEX case triggers wider jurisdiction clash between federal and state regulators in US markets
  • CFTC cites Commodity Exchange Act as basis for exclusive authority over event contracts nationwide
  • Multiple US states now challenge prediction markets, raising regulatory uncertainty across the sector

The Commodity Futures Trading Commission has filed a federal lawsuit against New Mexico over jurisdictional authority on prediction markets. The CFTC argues the state is attempting to apply gaming laws to federally regulated derivatives platforms. 

New Mexico previously targeted CFTC-registered KalshiEX, escalating tensions between state and federal oversight. The dispute centers on whether states can regulate event contracts already covered under federal law.

CFTC New Mexico Lawsuit Over Prediction Markets Jurisdiction

The CFTC New Mexico lawsuit was filed in federal court in Washington, marking a direct challenge to state-level enforcement actions. The agency seeks to block New Mexico from applying gaming statutes to CFTC-registered contract markets. 

According to the filing, federal law grants the commission exclusive authority over derivatives trading venues. The CFTC also requested declaratory relief and a permanent injunction.

New Mexico had earlier filed its own case in state court against KalshiEX LLC. 

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The state alleged the firm’s prediction markets function as unlawful online sports betting platforms. It also argued the company was attempting to bypass state gaming regulations. That action triggered the federal response from the CFTC.

At the center of the dispute is the Commodity Exchange Act. The law gives the CFTC exclusive jurisdiction over designated contract markets and event contracts.

The commission argues this framework preempts conflicting state gaming laws. It maintains that only federal regulators can oversee such derivatives activity.

CFTC Chairman Michael Selig defended the agency’s position in a statement tied to the filing. He said the state’s approach conflicts with established legal precedent and federal authority. 

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The commission reiterated that it will continue defending its jurisdiction over commodity derivatives markets.

KalshiEX and Expanding State Challenges in Prediction Markets

The CFTC New Mexico lawsuit is part of a broader wave of state actions targeting prediction markets.

Similar disputes have emerged in Arizona, Connecticut, Illinois, New York, Minnesota, Rhode Island, and Wisconsin. These cases generally focus on whether event-based trading resembles sports wagering. The CFTC has consistently rejected that framing.

KalshiEX sits at the center of the regulatory friction. The platform offers event contracts that allow users to trade on outcomes of real-world events. 

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States argue these products resemble gambling instruments. The CFTC classifies them as federally regulated derivatives.

The federal agency is seeking to prevent states from enforcing laws that could restrict CFTC registrants. It argues that fragmented regulation would undermine national market consistency. The lawsuit requests a court ruling affirming federal exclusivity. It also seeks to block state interference moving forward.

Market operators now face growing legal uncertainty as jurisdictional lines tighten. 

The outcome of the CFTC New Mexico lawsuit could shape how prediction markets expand in the United States. It may also define how far states can extend gaming laws into federally governed financial instruments.

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Crypto Google searches rise again as retail interest rebounds

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Why is the crypto market rallying today? (Feb. 25)

Crypto search interest is rising again in June, according to Alphractal data, as retail investors appear to be paying closer attention to digital assets after months of weaker activity.

Summary

  • Crypto searches rose again in June as retail investors started tracking digital assets more actively.
  • Alphractal said search spikes often appear during moments of market euphoria and fear.
  • Rising crypto search interest shows attention is returning, but it does not confirm fresh buying.

Crypto searches rise again in June

Alphractal said Google searches for cryptocurrencies are increasing in June. The analytics platform described the move as a sign that retail investors are starting to search more about different crypto assets again.

“Google searches for cryptocurrencies are rising again in June,” Alphractal said.

The move comes after a quieter period for digital asset interest. Search activity often drops when prices move sideways or when retail traders leave the market after heavy volatility.

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Alphractal also noted that Google Trends spikes are not always bullish. Search jumps can appear during strong rallies, but they can also happen when traders react to fear, crashes, or uncertainty.

Retail attention returns to crypto

The latest rise suggests that crypto is moving back into retail focus. More users are searching for coins, market direction, and exchange-related terms as the market tries to stabilize.

Search activity is often used as a soft sentiment gauge. It does not show actual buying, but it can show when retail investors start watching the market again.

As previously reported by crypto.news, Bitcoin search interest reached 12-month highs during 2026 volatility. That report noted that fear-driven searches do not always mean new buyers are entering the market.

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The same report also said small holders were still selling while whales were accumulating. That means renewed attention must be separated from real capital inflows.

Bitcoin volatility drives interest

Bitcoin’s price action has remained one of the main drivers of crypto searches. The asset traded near the low $60,000 area in June after a deep pullback from its 2025 record high.

Sharp price moves tend to pull retail users back into search engines. Some look for dip-buying chances, while others search because they fear deeper losses.

The recent search rise follows a period when broad crypto attention had dropped sharply. As reported earlier this month, global search interest for “crypto” had fallen to one-year lows earlier in 2026.

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That earlier drop showed how much retail attention had weakened even while institutions, ETFs, and treasury buyers played a larger role in the market.

Search data gives mixed signals

The return of search activity can help market watchers track sentiment, but it does not confirm a full retail comeback. Stronger proof would require higher retail trading volume, new exchange deposits, and small-holder accumulation.

For now, the data shows that crypto is gaining attention again. It also shows that traders are reacting to volatility after months of weaker interest.

Search spikes can appear near both tops and bottoms. That makes them useful for tracking emotion, but less reliable as a standalone price signal.

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The key question is whether June’s rise turns into sustained participation. If searches keep climbing alongside stronger spot demand, retail activity may become a larger force in the market again.

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Strategy’s 32 BTC sale puts Saylor’s Bitcoin mantra on trial

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what it means for BTC

Michael Saylor defended Strategy’s small Bitcoin sale at BTC Prague, saying the move did not change the company’s long-term Bitcoin position.

Summary

  • Strategy sold 32 BTC for $2.5 million to fund preferred stock dividend payments due June.
  • Saylor said his never-sell advice targeted individual holders, not corporate treasury management decisions at Prague.
  • Strategy later bought 1,550 BTC, lifting current reserves to 845,256 Bitcoin after the sale disclosure.

Michael Saylor addressed Strategy’s 32 BTC sale during an appearance at BTC Prague on June 11. The comments followed criticism from traders who questioned the sale after years of “never sell” messaging around Bitcoin.

Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million. The sale came at an average price of $77,135 per coin and marked the company’s first disclosed Bitcoin sale since December 2022.

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“I said to YOU never sell your bitcoin,” said Michael Saylor at BTC Prague.

The remark drew attention because Saylor separated personal investor advice from corporate treasury actions. His response framed the sale as a company-level funding decision, not a change in Bitcoin conviction.

Strategy sold BTC to fund dividends

Strategy’s June 1 filing showed that proceeds from the Bitcoin sale were expected to support preferred stock distributions. The board had declared June 30 cash dividends across its preferred share series.

Those obligations include payments tied to STRF, STRC, STRE, STRK, and STRD. The STRC dividend for June carried an annual rate of 11.50%, according to the company filing.

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The sale represented only about 0.0038% of Strategy’s Bitcoin balance at the time. That made the transaction small compared with the company’s overall treasury, but it carried more weight because of Saylor’s public messaging.

As previously reported by crypto.news, Strategy’s 32 BTC sale raised debate because the company had built its identity around long-term Bitcoin accumulation. The report noted that the sale was small in size but large in market attention.

Strategy later resumed Bitcoin buying

Strategy later bought 1,550 BTC between June 1 and June 7 for $101.3 million. The company paid an average price of $65,332 per coin and lifted its total Bitcoin reserve to 845,256 BTC.

The purchase was nearly 50 times larger than the 32 BTC sale. It also came as Strategy increased its U.S. dollar reserve by $100 million to $1 billion.

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The new purchase eased some concerns over whether Strategy had moved away from accumulation. The same update showed that the company used proceeds from its at-the-market share program to fund the purchase and rebuild cash reserves.

Strategy’s dashboard now lists 845,256 BTC at an average acquisition price of $75,680. That keeps the company as the largest public corporate Bitcoin holder by a wide margin.

Dividend model remains in focus

The debate now centers on how Strategy funds future obligations. Preferred stock dividends create recurring cash needs, while Bitcoin remains the main asset on the company’s balance sheet.

Saylor’s comments suggest that Strategy may separate personal Bitcoin advice from corporate liquidity management. That approach leaves room for limited sales when the company has dividend or financing needs.

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Investors will watch the June 30 dividend date for more clues. The key question is whether Strategy uses cash reserves, capital markets, or small Bitcoin sales to meet future payments.

The company’s latest purchase shows that Strategy remains a net Bitcoin accumulator for now. Still, the 32 BTC sale has changed how some traders read the company’s “never sell” message.

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Siren crypto crashes 75% after major whale offloads 17 million tokens

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EDGE token crashes as ZachXBT questions insider control

Siren has plunged about 75% to $0.126 after a large holder reportedly sold 17 million tokens across multiple on-chain addresses, triggering one of the steepest declines seen in the market this week.

Summary

  • SIREN crashed about 75% to $0.126 after a whale reportedly sold 17 million tokens across multiple wallets.
  • Open interest fell nearly 40% to $28 million as traders unwound positions and reduced leverage.
  • The sell-off renewed concerns over token concentration, with analyst EmberCN claiming whales control 94% of SIREN’s supply.

According to on-chain analyst EmberCN, a whale sold roughly 17 million SIREN tokens, including 6.75 million siren2-native tokens, across multiple addresses over a two-hour period on June 13. The analyst said the selling pressure pushed the token from around $0.47 to $0.23 before losses deepened further. Market data later showed SIREN extending the decline to a low of $0.126 at the time of writing.

EmberCN also claimed that whale-controlled wallets hold at least 94% of SIREN’s total supply, equivalent to about 680 million tokens. The analyst argued that concentrated ownership has allowed a small group of holders to exert significant influence over the token’s price movements.

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Whale activity coincides with sharp derivatives unwind

While spot markets absorbed the sell-off, derivatives traders rapidly reduced exposure as prices continued to fall.

Data from CoinGlass showed open interest dropping nearly 40% to $28 million during the decline. The contraction occurred alongside falling prices, a combination that typically points to long liquidations and traders closing existing positions rather than opening fresh bearish bets.

With leveraged positions unwound across the market, speculative activity cooled considerably. The reduction in open interest suggested many traders stepped away after SIREN failed to maintain its earlier rally, leaving the market searching for a new price level following the rapid sell-off.

In a June 13 X post, EmberCN described SIREN as a token heavily influenced by large holders and claimed similar trading cycles had occurred several times in recent months. The analyst alleged that major holders repeatedly accumulated tokens, benefited from rising prices, and later sold into strength before the cycle restarted. 

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“Every time they finish feasting on the shorts, they turn around and feast on the longs: pump it up dozens of times, then smash it back down. Scoop up the chips and roll into the next round…From February to now, that’s 4 rounds of harvesting in 4 months.”

Similar token collapses have emerged across crypto markets

Recent market events show that sudden token crashes tied to concentrated ownership, liquidity concerns, or unexplained selling pressure have become increasingly common across the crypto sector.

As previously reported by crypto.news, Sahara AI’s SAHARA token fell about 55% on June 9 after heavy selling pushed the asset close to its record low. Responding to the decline, Sahara AI said there were no security issues affecting its token contracts or products and launched an internal review.

A subsequent statement from the project rejected speculation that insiders contributed to the sell-off. Sahara AI stated that no team or investor tokens had been sold or moved, while adding that it had not identified the source of the market pressure.

As previously reported by crypto.news, EDGE tumbled earlier in June after edgeX flagged what it described as unusual market activity. The token fell from about $1.20 to an intraday low near $0.36 before recovering part of the decline.

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Although edgeX said preliminary findings pointed to attempts by an external party to manipulate the market, on-chain investigator ZachXBT challenged that explanation. He argued that a small group controlled much of EDGE’s circulating supply and called on the project to disclose details about counterparties and market-making arrangements linked to the token.

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Major Pi Network (PI) News: Here’s What All Pioneers Need to Know

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The Core Team behind the controversial project has updated the participation and flow model for the Pi Launchpad in a move to strengthen community ties and engagement.

It has opened the doors for Pioneers to participate in testing a second token called ‘SLICE,’ which will run for two more weeks.

Pi Launchpad Update and SLICE Testing

The latest post from the team on X indicated that Pi Launchpad incorporates data and feedback from the first testnet token that commenced testing on PiDay 2026 (March 14) after the new update. Almost 480,000 Pioneers took part in the Launchpad testing and “generated valuable feedback on the Launchpad mechanism.”

According to the team, the feedback has been incorporated into a simpler participation flow, updated Launchpad mechanics, and an improved user experience. Pi Network has now launched its second such test token called ‘SLICE.’ The testing has now commenced and will remain open until Pi2Day (June 28).

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Pioneers who want to participate need to follow these steps:

• Open Pi Launchpad in Pi Browser

• Review the SLICE test token and project

• Choose a commitment amount in Test-Pi

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• Confirm participation

• Engage with the Slice of Pi app and provide feedback

The testing will help evaluate if the updates can achieve the major goals and provide Pi Network users with another chance to “learn the new ecosystem token mechanics.” The team asserted that SLICE will never go onto Mainnet, as it will only be a Testnet token.

PI Price Update

Despite some other protocol updates and product launches, the project’s native token has remained highly depressed in its price moves. Recall that the overall market-wide crash harmed it severely in the past few weeks, pushing it to a new all-time low of under $0.12, marked on June 6.

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It has managed to recover some ground since then and now sits about 7% higher. Nevertheless, the macro scale remains severely painful, with a 95.7% drop since the all-time high seen in late February 2025.

Some on-chain metrics and the upcoming token unlock schedule, on the other hand, suggest that PI’s worst days might be behind it. The RSI is also deep in oversold territory, which could mean a major reversal is upon it, but there’s no clear breakout attempt yet.

The post Major Pi Network (PI) News: Here’s What All Pioneers Need to Know appeared first on CryptoPotato.

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ZachXBT links wallet to XMR surge as Tether freezes $72M USDT

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Source: ZachXBT on Telegram

Tether froze more than $72 million in USDT on Tron after ZachXBT linked a large wallet to recent Monero buying and a sharp XMR price spike.

Summary

  • ZachXBT traced 120.2 million USDT moving through Tron, KuCoin, instant exchanges, Near Intents wallets.
  • Tether froze 72.03 million USDT on Tron after a related address was blacklisted Friday morning.
  • XMR traded near $357 after surging toward $438, keeping privacy-coin liquidity in focus today Friday.

ZachXBT traces $120M USDT wallet

On-chain investigator ZachXBT said a Tron address received 120.2 million USDT on June 11 before moving funds across exchanges and cross-chain routes. The address was identified as TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ.

The funds later moved in several directions. ZachXBT said more than $12 million went to KuCoin deposit addresses, while $8 million moved to instant exchanges.

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Another $8 million was bridged from Tron to Bitcoin and Ethereum through Near Intents. The activity drew attention because it happened before and during a strong move in Monero.

“Yesterday (June 11) TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ received 120.2M USDT on Tron and began transferring $12M+ to Kucoin deposit addresses and $8M to various instant exchanges,” said ZachXBT.

Monero orders linked to XMR spike

ZachXBT said the same entity created large Monero orders. He linked those orders to a sharp XMR move from $330 to $420.

“The entity created Monero orders which caused the XMR price to spike from $330 -> $420,” said ZachXBT.

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Monero later traded near $357.20, according to crypto.news market data. XMR recorded a 24-hour trading range between $345.09 and $438.06, showing how wide the move became.

The token’s 24-hour trading volume stood near $291.3 million, while market capitalization was around $6.7 billion. XMR was still up over 3% on the day and almost 10% over seven days.

The move added fresh attention to Monero’s market depth. Large orders can move XMR quickly because the asset has less exchange access than many top tokens.

Tether freezes related Tron address

ZachXBT said Tether later blacklisted a related Tron address holding about 72 million USDT. Whale Alert data showed 72,030,295 USDT frozen on Tron on June 12.

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“A few minutes ago Tether blacklisted an address directly related to Ta6YHq with 72M USDT: TBzrPEsStbZAUx2SBhD4oHz8UW3FX9Ak9W,” said ZachXBT.

Source: ZachXBT on Telegram
Source: ZachXBT on Telegram

The freeze shows how issuer-controlled stablecoins can be halted at the token contract level. This makes USDT different from assets like Bitcoin or Monero, where issuers do not control transfers.

As previously reported by crypto.news, Tether froze about $515 million in USDT across Ethereum and Tron over a 30-day period in May. Tron accounted for most of those frozen balances.

Monero rally follows earlier demand

The wallet activity came after Monero had already seen stronger market attention. As previously reported, XMR rose above $350 after double-digit daily gains on June 11.

That earlier move was tied to privacy-coin demand, Cake Wallet’s Passport Prime integration, and renewed attention around Monero security audits. The latest ZachXBT report added a separate liquidity-driven angle.

Monero remains one of the largest privacy coins by market value. Its design hides transaction sender, receiver, and amount details by default, which makes it attractive to privacy users and harder for investigators to track.

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The latest price action now leaves traders watching whether XMR can hold above the $350 area. A return toward $400 would keep the breakout debate alive, while loss of support could show that the spike was driven mainly by short-term order flow.

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Crypto Scammers Hit World Cup Fans as Tournament Gets Underway

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Crypto Scammers Hit World Cup Fans as Tournament Gets Underway

TRM Labs has tied four cryptocurrency addresses to live scams targeting 2026 World Cup fans, spanning fake ticket sites and a fixed-match betting scheme as matches play out across North America.

The blockchain intelligence firm says wallets associated with the operations have received less than $1,700 combined so far. However, it warns that scam volume and frequency could ramp up.

How World Cup Demand Fuels Crypto-Based Scams

Major sporting events create concentrated demand spikes for tickets, travel, and merchandise. Scammers build that timing into their planning, seeding fake infrastructure weeks ahead, then promoting it hard near kickoff, TRM research shows.

FIFA-WTO studies estimate that the tournament could draw 6.5 million attendees and add up to $40.9 billion to global GDP. That scale gives fraudsters a deep pool of potential victims.

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Watchdogs flagged the risk early. The FBI warned in May about spoofed FIFA websites built to steal personal data and sell fake tickets. The Better Business Bureau echoed the alarm.

Angela Dennis, CEO of the Better Business Bureau of Central Ontario, told reporters why mass demand draws fraud.

“When there is such a mass volume and this high demand, that’s when scammers really get excited because people do fall for the information that they send, whether it’s an email, a phishing email or a text, and having people link to fake sites and providing personal information or payment details to them,” Dennis stated.

Follow us on X to get the latest news as it happens

Inside the On-Chain World Cup Scams 

TRM identified several on-chain scam types, led by fake ticketing and fixed-match betting. Fraudulent ticket sites pose as official sellers, list sought-after matches, and demand crypto.

One Polygon (POL) wallet pulled in about $1,562, almost all on April 1. A second operation, tied to a Bitcoin (BTC) address, keeps its phishing page live but has not accepted any payments.

Fixed-match schemes charge an upfront fee for supposed insider results. TRM linked one to a Bitcoin wallet that collected small sums between January and May 2026, then routed them into a custodial account.

A third route runs through tokens. TRM pointed to the $WORLDCUP coin. It trades on LBank as a fan-made commemorative project with no FIFA tie, exposing holders to familiar low-liquidity meme coin losses.

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Scammers also lean on bridges to muddy the trail, with TRM counting roughly $1.9 billion in scam funds moved through them over time.

A third scam runs through tokens. A coin called $WORLDCUP trades on the LBank exchange, billed as a fan-made commemorative project with no affiliation with FIFA. Holders face the standard low-liquidity meme coin loss patterns when issuers exit.

“The amounts involved in these cases are modest, but the movement of funds follows patterns commonly seen in consumer crypto fraud,” the report read.

Scammers lean on bridges to move proceeds and complicate tracing. Across all tracked activity, roughly $1.9 billion in scam funds has passed through bridges.

TRM expects to see more typologies as the tournament continues, including gambling pitches, deepfake impersonations of FIFA figures, and fake streaming sites. 

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The post Crypto Scammers Hit World Cup Fans as Tournament Gets Underway appeared first on BeInCrypto.

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US Export Order Forces Anthropic to Pull Fable 5 and Mythos 5

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TLDR:

  • US export control order forced global shutdown of Fable 5 and Mythos 5 models immediately across all users
  • Anthropic says restriction stems from alleged jailbreak concern but calls issue narrow and non-systemic in scope
  • Other Claude models remain online as company complies with government national security directive requirements
  • Firm disputes severity of claims, citing prior red-teaming tests and absence of verified harmful exploits

A US government export control directive has forced Anthropic to suspend global access to Fable 5 and Mythos 5. The order applies to all foreign nationals, including employees outside the United States. 

The decision triggered an immediate shutdown of both models across all customer environments. According to internal communication, the directive was issued citing national security concerns tied to potential jailbreak vulnerabilities.

Fable 5 and Mythos 5 Export Control Order Shakes Anthropic AI Access

AnthropicAI confirmed it received the directive at 5:21pm ET from US authorities. 

The order required immediate suspension of Fable 5 and Mythos 5 access worldwide. The restriction applies even to foreign national staff working within the company.

The company stated compliance was mandatory under export control rules. 

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As a result, it disabled both models across its infrastructure. Other Claude models remain fully operational without restriction.

The announcement highlighted that the directive affects users across all regions. Customers outside the United States lost access at the same time as domestic users. The scope of the order reflects broad national security classification.

Anthropic noted the shutdown was abrupt and not pre-planned. 

Engineering teams executed global deactivation procedures shortly after receiving the notice. Service disruption affected enterprise users and developers relying on the models.

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Fable 5 and Mythos 5 Security Concerns and Jailbreak Claims Explained

The directive reportedly stemmed from concerns about a potential jailbreak method targeting Fable 5. 

Authorities believed the technique could expose cybersecurity-related capabilities under certain conditions. The company reviewed the same demonstration internally.

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Anthropic stated the identified issue involved narrow vulnerabilities already seen in other models. It added that similar weaknesses could be reproduced using publicly available AI systems. The company did not identify evidence of a universal jailbreak.

Internal assessments showed safeguards were tested extensively before release. 

The models underwent thousands of hours of red-teaming with external partners. These included government-linked AI safety institutes and third-party evaluators.

According to Anthropic, no verified harmful deployment resulted from the reported vulnerability. The company said it had not received documentation of a broad exploit affecting model safety systems. It described the issue as limited in scope and non-systemic.

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Despite disagreement with the directive’s severity, Anthropic complied with legal requirements.

The firm emphasized ongoing discussions with regulators to restore access. It also reaffirmed that other models remain unaffected and continue operating normally.

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