On June 2, 2026, the U.S. Department of the Treasury announced sanctions on several Iranian cryptocurrency trading platforms and associated individuals. The designations place the named entities and people on OFAC’s Specially Designated Nationals (SDN) list, restricting their access to the U.S. financial system and requiring U.S.-linked firms to block related transactions.

U.S. spot Bitcoin ETFs saw $125.3 million in net outflows in the latest session, marking the 10th consecutive trading day of withdrawals. The run follows roughly $2.8 billion redeemed over the first nine sessions, lifting the cumulative total above $2.9 billion. The extended streak is being watched as a sentiment signal, though no single confirmed catalyst has been identified.

The U.S. Treasury Department sanctioned people linked to an alleged cocaine trafficking network that authorities say used cryptocurrency across multiple blockchains to launder millions of dollars. OFAC added the related wallet addresses and identifiers to its Specially Designated Nationals list, barring U.S. persons and entities from transacting with them. The case also involves a federal indictment unsealed by the FBI charging 10 individuals tied to the operation.