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Bitcoin falls below $66K as US-Iran strikes rattle markets
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͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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June 3, 2026
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Your Daily Digest of the 🔥Hottest News in Crypto.
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Today’s top stories
🏛️ Treasury targets Nobitex, Wallex, Bitpin and Ramzinex under “Economic Fury”
📉 Bitcoin drops below $66K as US-Iran strikes trigger a risk-off crypto rout
⚖️ SEC puts digital assets at the center of its 2026–2030 strategic roadmap
📰 Keep reading for all of today’s biggest headlines
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US Treasury issues sanctions on Iran, targets 4 crypto exchanges
The US Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, Wallex, Bitpin and Ramzinex, as part of its “Economic Fury” campaign to cut Iran off from the financial system. The move adds the platforms to OFAC’s sanctions list, barring US persons and businesses from providing services to them, and comes days after Treasury Secretary Scott Bessent said nearly $1 billion in crypto had been seized from Iranian exchanges and wallets since the war began. Treasury says Nobitex, Iran’s largest crypto exchange, has facilitated payments for the IRGC and other sanctioned entities, while Chainalysis says the platform sits at the center of Iran’s “digital dollar pipeline” and handles about half of the country’s crypto trading volume.
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Bitcoin falls below $66K as US and Iran launch new strikes
Bitcoin dropped 7% to a nine-week low after the US and Iran launched fresh strikes and ceasefire talks stalled, with BTC falling to $65,385 on Coinbase in early Wednesday trading. CoinGlass data showed around 277,000 traders liquidated over 24 hours, with total liquidations near $1.83 billion and over 90% coming from long positions, mainly in Bitcoin and Ether. Bitrue Research Institute’s Andri Fauzan Adziima said the move reflected leveraged liquidations, heavy ETF outflows and a technical breakdown more than Iran news alone, though geopolitical tension amplified market fear.
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SEC makes digital assets strategic priority through 2030
The SEC has elevated digital assets and distributed ledger technology to a strategic priority in its draft 2026–2030 plan, calling for clearer rules around blockchain technology, tokenization and crypto market infrastructure. The agency says it aims to provide a firm regulatory foundation through a “rational, coherent, and principled approach,” while supporting compliant capital formation through tokenized offerings and onchain financial infrastructure. The plan also highlights custody, trading and staking services, and calls for clearer jurisdictional boundaries between the SEC and CFTC as Congress considers market structure legislation.
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MARKETS
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Bitcoin's crash to $65K triggers $1.8B in crypto liquidations
Bitcoin’s drop to the $65,000 range triggered more than $1.8 billion in crypto liquidations as traders braced for a possible test of $60,000 support. Cointelegraph reported BTC slid 8% from Tuesday’s high of $71,300 to a nine-week low near $65,360, wiping out $774 million in Bitcoin long positions and $440 million in Ether longs. Analysts flagged rising exchange supply and heavy derivatives liquidations as signs of heightened selling pressure, while traders pointed to the $60,000 zone as Bitcoin’s key line of defense against a deeper correction.
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