Evening Wrap · September 28, 2026
Tether froze roughly $550 million in Iran-linked stablecoins in 2026 under US Treasury actions, while Bitmine surpassed 6 million ETH in its corporate treasury.
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Tether Freezes $550M in Iran-Linked USDT Under US Sanctions Pressure
Tether supported the freezing of approximately $550 million in Iran-linked $USDT in 2026, cooperating with the US Treasury to disrupt state revenue pipelines.
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Bitmine Surpasses 6 Million ETH Holdings Valued at $17.2B
The NYSE-listed firm has accumulated 4.9% of circulating $ETH in 15 months, staking over 5 million tokens to project $358 million in annualized revenue.
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SEC Clarifies Conditions for Crypto Assets to Exit Investment Contracts
The SEC issued guidance detailing that non-security tokens separate from investment contracts once an issuer fulfills its promises or abandons its efforts.
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Strategy Buys 1,665 Bitcoin for $142.7M, Expanding Treasury to 847,666 BTC
The enterprise treasury firm acquired more $BTC at an average price of $85,681 between Sept. 21 and Sept. 27, 2026, funded by common stock sales.
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Tether and Circle Lead Crypto Revenue Rankings as Stablecoins Dominate
Tether generated $500.25 million and Circle earned $204.75 million in 30-day protocol revenue, outpacing decentralized applications and major blockchains.
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UK FCA Secures £851,000 Confiscation Orders Against Crypto Fraudsters
Southwark Crown Court ordered Raymondip Bedi and Patrick Mavanga to pay restitution to 65 victims of a fake crypto scheme on Sept. 28, 2026.
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California Governor Newsom Signs Law Banning Public Officials From Issuing Meme Coins
Assembly Bill 2409 prohibits California officials from launching meme coins and blocks exchanges from listing politician-affiliated tokens after Jan. 1, 2027.
The numbers
Bitcoin traded at $83,510, down 1.2% over 24 hours, while Ether slipped 0.2% to $2,682, and total market capitalization held at $2.85 trillion.
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