Hey Crypto Addicts,

Treasury Secretary Scott Bessent had one of the most quotable lines of the entire Iran conflict this week.

"We have seized about $1 billion of their crypto. Just outright grabbed the wallets. Some of them may be typing in right now and might not have realized their wallet had been grabbed."

Bessent made the disclosure at the Reagan National Economic Forum, confirming the running total of Iranian crypto seizures under Operation Economic Fury has crossed $1 billion, up from $500 million in late April.

The campaign targets IRGC-linked wallets and stablecoin flows. Iran had been moving an estimated $400 to $500 million per month through crypto channels before the crackdown intensified.

Tether froze $344 million in USDT on Tron in April, coordinated directly with US law enforcement and Chainalysis. More freezes are expected.

Bessent summed it up bluntly: "Between five and a half to six weeks of an incredibly successful military campaign and Operation Economic Fury, they are at the end of their tether now financially."

The ceasefire announcement came the same day.

$1 billion seized. Iran at the table. Crypto at the centre of it all.☕

The CLARITY Act has a new enemy. And it is the most powerful banker on the planet.

Jamie Dimon appeared on Fox Business Friday and made JPMorgan's position clear: "The banks will not accept it. We'll fight it."

His core complaint: the CLARITY Act allows crypto firms to offer stablecoin rewards that function like deposit interest without the same AML, Bank Secrecy Act and KYC requirements traditional banks face. An uneven playing field.

He went further. Dimon accused Coinbase CEO Brian Armstrong of spending hundreds of millions lobbying for the bill, adding a colourful expletive before stating: "No one is going to bow down to this guy."

The CLARITY Act needs 60 Senate floor votes to clear a filibuster. Banks lobbying against it in the final weeks is a serious political headwind.

Senator Cynthia Lummis's office fired back: "The banks can't deal with the bipartisan compromise on stablecoin yield and are making false claims about AML as a last-ditch attempt to poke holes in the bill."

Dimon acknowledged stablecoins have legitimate uses in cross-border payments and noted JPMorgan already has its own deposit coin on Base.

The man building blockchain infrastructure is simultaneously trying to kill the bill that would legitimise it.

Only in Washington. ☕

Wintermute Enters Prediction

Prediction markets just got a serious institutional upgrade.

Wintermute, one of crypto's largest algorithmic market makers processing over $3.5 trillion in annual trading volume, has entered prediction markets as a dedicated liquidity provider on Polymarket, Kalshi and other leading venues.

The move addresses prediction markets' biggest structural problem: shallow order books. Wide spreads and thin liquidity have made meaningful execution painful. Wintermute's continuous two-sided quoting fixes that.

The numbers justify the move. Prediction markets have surpassed $60 billion in total volume in 2026, with $20 to $25 billion clearing monthly. Kalshi's annualized volume jumped from $52 billion to $178 billion in just six months. Over 90% of US prediction market activity flows through Kalshi alone.

Wintermute is not alone. Jump Trading and Galaxy Digital already provide liquidity to event contracts. The institutional infrastructure is arriving fast.

The regulatory risk is mounting simultaneously. Spain ordered ISP-level blocks on both Polymarket and Kalshi this month. Congress is investigating insider trading. States are legislating restrictions.

$60 billion in volume. Institutional market makers arriving. Regulators closing in.

The prediction market era is fully underway. ☕

BlackRock manages $10 trillion using a playbook that's been hidden from retail investors for decades.

Until now.

I reverse-engineered their three-phase system into the ABN Framework:

A - All-Weather Portfolio (protect your base in any market)
B - Become Your Own Bank (collect fees like institutions)
N - Native Markets (get in before major exchange listings)

The same institutional edge... without needing millions in capital.

Over 4,000 investors are already using this:

Bill generated $932,000 in 21 days using our Native Markets strategy.

David made $27,000 in passive returns in just 2 weeks.

Jeff 5x'd his entire portfolio with our ABN framework.

Watch the ABN System presentation →

The window's closing as institutional money floods in, so act quick.

For educational purposes only. Results will vary. DM Intelligence LLC is not liable for losses.

AI Trading Bot. $12.3M Gone.

The AI scam playbook is getting more sophisticated. And the SEC is not finding it funny.

Texas resident Nathan Fuller has been charged by the SEC for allegedly raising $12.3 million from approximately 150 investors through a fraudulent AI-powered crypto arbitrage scheme run through Privvy Investments between 2022 and 2024.

The pitch was simple and too good to be true.

Fuller claimed he had built a proprietary AI-powered high-frequency trading robot that could generate extraordinary low-risk profits. Promised returns of 40 to 50% within 30 to 45 days. In some cases he guaranteed 100% returns in as little as 21 days.

He also told investors their funds were protected by FDIC insurance.

None of it was true…

The SEC alleges Fuller misappropriated at least $6.2 million for personal expenses including luxury goods and travel, while using $5.5 million to pay earlier investors in classic Ponzi fashion.

The AI trading robot "did not operate as advertised."

As AI and crypto converge and create genuine innovation, they also create the perfect cover story for fraud.

If someone is guaranteeing 100% returns in three weeks, the AI is not real.

Run. ☕

The Future of Crypto Banking Is Here

While most people are still juggling wallets, exchanges, and banks… a small group is already moving faster with all-in-one crypto banking.

Veil Bank isn’t just another tool.

It’s a privacy-first omni-bank where you can swap, bridge, borrow, and spend ~ all in one place, without friction.

No delays. No unnecessary steps. No outdated systems holding you back.

The reality? The people who adopt better tools early are the ones who win long term. Everyone else catches up later… at a cost.

Don’t be the one still figuring it out when the edge is already gone.

👉 Get ahead here: https://veilbank.co/#products

$400K. Buy Now ?

Uncomfortable truth first. Bitcoin is in a bear market. Sentiment is at Fear. The chart is not exciting.

That is exactly the point.

Every major Bitcoin bottom in history formed during a period that felt exactly like this. Maximum discomfort. Minimum excitement. Smart money quietly accumulating while everyone else looks away…

The current price region is beginning to resemble a long-term buy zone that historically precedes the next major bull cycle.

And the projected target for the next cycle top?

$400,000.

Derived from applying consistent cycle multipliers to prior market structure, accounting for Bitcoin's growing market cap and the institutional demand now present at a scale that simply did not exist in previous cycles.

The path there is not straight. It never is.

It requires surviving the consolidation. Accumulating during the discomfort. And holding through the recovery when everyone who sold at the bottom becomes the loudest bull in the room.

Patience is the strategy. Accumulation is the action. $400K is the destination.

The cycle always plays out. Buy the fear. Hold the conviction. ☕

Swan Bitcoin CEO Cory Klippsten says retail investor sentiment remains a major force in the Bitcoin market despite growing institutional adoption through spot ETFs. According to Klippsten, firms like BlackRock and Fidelity do not directly “own” the Bitcoin, instead, retail investors are largely the ones buying exposure through ETF products

Former Celsius CEO Alex Mashinsky has filed a motion to vacate his 12-year prison sentence, arguing that he received ineffective legal counsel and claiming parts of the case were built on improperly obtained evidence. Mashinsky, who previously pleaded guilty to commodities and securities fraud tied to the collapse of Celsius Network.

Fidelity Digital Assets says there is growing evidence that the global financial system is gradually shifting away from dollar-based settlement networks, as more nations and central banks explore alternatives such as Bitcoin and gold. The firm pointed to rising central bank gold reserves and Iran’s use of Bitcoin-related payment mechanisms for oil shipping.

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