Pump.fun’s reappearance on X is dramatic: sudden suspension, rampant theories, then a quiet return in less than 24 hours. No answers, just a more paranoid market left picking up the pieces. On June 16, without warning or explanation, the official…

Pump.fun’s quiet return to X offers no clarity, just crypto’s latest cautionary tale

BBVA is advising affluent clients to allocate up to 7% of their portfolios to 
crypto just months after it received permission to offer crypto trading.

Spanish bank BBVA suggests clients make 7% crypto allocation

Tether acted swiftly Sunday when it froze $12.3 million worth of USDT on the 
Tron blockchain. Based on reports from Tronscan, this step targets wallets 
allegedly linked to money laundering and sanctions evasion. The company has 
not issued a public statement yet, but on‑chain data left little room for 
doubt. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden 
Drop To This Level T3 Financial Crime Unit Shows Muscle According to Tether, 
its T3 Financial Crime Unit (FCU) partners with Tron and TRM Labs to track 
suspect transactions in real time. Since late 2024, the FCU has frozen over 
$126 million in questionable assets. In the last quarter of that year alone, 
$100 million was blocked. This suggests a sharp uptick in enforcement efforts 
just as regulators worldwide tighten the screws. LATEST: Tether freezes $12.3M 
in $USDT tied to suspicious TRON addresses. pic.twitter.com/WJr2ApEfyp — 
MrRebel.eth (@rebelethpromos) June 16, 2025 Targeting High‑Risk Entities On 
Sanctions List Following regulatory synchronization with the US Treasury&#8217;s 
Office of Foreign Assets Control (OFAC), Tether regularly blacklists wallets 
associated with sanctioned entities. Individuals on the Specially Designated 
Nationals (SDN) list are the natural targets. In March 2025, for example, 
Tether froze $27 million worth of USDT on the Russian-linked exchange Garantex 
following the EU&#8217;s 16th package of sanctions. Garantex later suspended 
services and claimed that over 2.5 billion rubles of user funds were held up. 
Lazarus Group Faces $374K Blacklist Reports show that North Korea’s Lazarus 
Group has moved more than $3 billion in stolen crypto since 2009. In November 
2023, Tether blacklisted $374,000 in USDT tied to Lazarus‑associated 
addresses. Other stablecoin companies joined together to lock up $3.4 million 
in identical wallets. These numbers highlight how large issuers can upset 
state-sponsored hacking groups. Diversifying With Gold Royalties Tether 
diversified beyond digital currency on June 12, 2025, by buying a 32% equity 
stake in Elemental Altus Royalties. The deal involved the purchase of over 78 
million shares at CAD1.55 per share, valued around $89 million. Related 
Reading: Record‑High Ethereum Open Interest Signals Institutional Confidence 
This move to become a public gold royalty company shows Tether&#8217;s commitment to 
backing its stablecoin with real assets. It also shows an effort to appease 
risk-averse regulators that demand strong reserves. A Dual Approach To 
Stablecoin Governance As per Tether executives, this combination of tough 
enforcement and asset diversification can become a new benchmark. By freezing 
criminal funds and backing USDT with real-world value, Tether aims to 
strengthen confidence in its stablecoin. Featured image from Unsplash, chart 
from TradingView

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

With Senate approval of the GENIUS Act, praised by White House Crypto Czar 
David Sacks and Treasury Secretary Scott Bessent, stablecoins could unlock 
trillion-dollar markets and position the U.S. for dominant leadership in 
digital finance. Senate Clears First Major Crypto Bill: &#8216;A Truly Historic 
Moment&#8217; The U.S. Senate has approved the bipartisan Guiding and Establishing 
[…]

Senate Passes Historic Crypto Bill: Sacks Hails Dollar Dominance, Bessent Sees $3.7T Boom

Ethereum price failed to clear the $2,680 zone and declined. ETH is now 
consolidating losses and remains at risk of more losses below $2,500. Ethereum 
started a fresh decline below the $2,620 level. The price is trading below 
$2,550 and the 100-hourly Simple Moving Average. There was a break below a 
bullish trend line with support at $2,540 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh increase if it stays above the 
$2,500 zone in the near term. Ethereum Price Dips Again Ethereum price failed 
to gain pace for a move above $2,680 and started a fresh decline, like 
Bitcoin. ETH price declined below the $2,620 and $2,600 levels. The bears even 
pushed the price below the $2,600 level. Besides, there was a break below a 
bullish trend line with support at $2,540 on the hourly chart of ETH/USD. The 
pair tested the $2,450 zone and started a consolidation phase. There was a 
minor increase above the 23.6% Fib retracement level of the downward move from 
the $2,679 swing high to the $2,455 low. Ethereum price is now trading below 
$2,550 and the 100-hourly Simple Moving Average. On the upside, the price 
could face resistance near the $2,540 level. The next key resistance is near 
the $2,565 level. It is close to the 50% Fib retracement level of the downward 
move from the $2,679 swing high to the $2,455 low. The first major resistance 
is near the $2,620 level. A clear move above the $2,620 resistance might send 
the price toward the $2,680 resistance. An upside break above the $2,680 
resistance might call for more gains in the coming sessions. In the stated 
case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the 
near term. More Losses In ETH? If Ethereum fails to clear the $2,540 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,500 level. The first major support sits near the $2,450 zone. A 
clear move below the $2,450 support might push the price toward the $2,320 
support. Any more losses might send the price toward the $2,240 support level 
in the near term. The next key support sits at $2,150. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $2,450 Major Resistance Level – $2,540

Ethereum Price at Risk of Downside Break as Bears Test Key Support

Bitfinex analysts say Bitcoin’s current market conditions signal the asset 
“reversing course shortly after aggressive selling.”