Here are today's top crypto news stories:
1. US Treasury Sanctions Iranian Exchange BitBank
• What happened: The US Treasury imposed sanctions on Iranian crypto exchange BitBank for processing $BTC transfers to the IRGC and facilitating toll settlements in the Strait of Hormuz.
• Why it matters: Highlights heightened international enforcement against exchanges used to bypass economic sanctions.
• Source: bitcoinmagazine.com
2. Bitcoin Surges Past $80,000
• What happened: $BTC rallied 5% to breach $80,000 as investors brushed off the legislative failure of the Clarity Act.
• Why it matters: Demonstrates strong institutional and market resilience despite macro and regulatory hurdles.
• Source: Yahoo Finance
3. Ethereum Devs Warn of Glamsterdam Test Vulnerabilities
• What happened: Developers warned that the upcoming Glamsterdam testnet upgrade could be easily disrupted even by low-skilled attackers.
• Why it matters: Points to critical technical and security checks required before deploying upcoming network upgrades.
• Source: coindesk.com