Crypto Market Snapshot & Major Regulatory Update

The crypto market is trading mostly green, with BTC around $77.7K, ETH near $2.38K, and notable gains in XMR (+11.8%) and SUI (+12.7%), while major alts like XRP, ADA, SOL, and DOGE post moderate increases.

Big News:

The U.S. Treasury has sanctioned crypto exchanges for the first time under Iran-specific laws, targeting Zedcex and Zedxion. The exchanges are accused of facilitating transactions for Iran’s Islamic Revolutionary Guard Corps (IRGC) and are linked to Iranian businessman Babak Zanjani, previously convicted of embezzlement.

Key Impact:

All U.S.-linked assets of the exchanges are frozen

U.S. individuals and companies are banned from dealing with them

Marks a major escalation in crypto enforcement, as entire exchanges—not just wallets—are now sanctioned

This move signals tighter global scrutiny on crypto platforms tied to sanctioned jurisdictions.

#MarketCorrection #USGovernment $BTC $ETH $BNB #BTC #USGovShutdown