Crypto News May 29, 2026: Bitcoin and Crypto News — Daily Highlights
[LIVE] May 29, 2026: Bitcoin and Crypto News — Daily Highlights
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The U.S. government's seizure of $1 billion in cryptocurrency purportedly linked to Iran marks a significant regulatory intervention in the digital asset space. In a move described by CFTC Chair as "historic," this event coincides with heightened scrutiny over crypto markets, particularly amidst speculation surrounding Bitcoin advocate Michael Saylor, whose recent on-chain activities suggest potential selling. Additionally, in a contrasting political development, former President Donald Trump has announced the lifting of sanctions on Iran, adding complexity to geopolitical and market dynamics. Standard Chartered forecasts a challenging landscape for Ethereum, projecting a turnaround tied to a potential bull run like that seen in Amazon, while CryptoQuant's CEO warns that the Bitcoin bear market may persist longer than expected, highlighting a cautious sentiment among investors.