Author: admin

Bitcoin just keeps pushing higher since those early Monday hours, smashing past $85,000 for the first time since late January 🖤. Most altcoins jumped right along, triggering a total cascade of liquidations mostly from those unlucky short traders lol.

It was wild imagining this five days ago tbh. Last week totally flipped against what the BTC bulls wanted after the US Senate blocked the CLARITY Act and the Federal Reserve hiked rates for the first time in over three years. Those moves dragged BTC down near $75,000, its lowest in three weeks, but the coin stayed super resilient and bounced back over $80,000 by Friday 🎀.

It hit almost $82,000 on Saturday until fresh bad vibes from the Middle East and Ukraine-Russia stuff knocked it to $80,300. Bulls refused to quit tho and kept it from dropping under $80,000 again ✧. Then Monday hit and bitcoin exploded first to $84,000 then a fresh multi-month top above $85,000, adding a full $10,000 from that Wednesday low 🕸️.

ETH snatched back the $2,700 mark with a solid 6 percent daily pump while XRP surged over 7 percent toward that key $1.50 resistance. Total daily liquidations climbed past $750 million with nearly $450 million just in the last four hours alone 💀.

Shorts took the biggest hit at $650 million wrecked in 24 hours and over 136,000 traders got wiped according to the data.

Shorts Getting Wrecked In This Rally 💀

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin and the crypto market just crushed one of their biggest weeks in 2026 ending on a killer high note, and now they are sliding into this fresh potentially huge week even though the economic calendar feels lighter than usual. 🖤

Fed Sparks The Week 🦇

The last stretch was massive for the Fed as the US central bank raised rates by 25 bps for the first time in over 3 years. Even though most folks expected it the move still stirred up some crypto volatility with BTC dipping to $75,000 at first but bulls took over and pushed the asset past $80,000 by the end. 🌙
There is no FOMC decision this week yet the Fed stays front and center with at least 8 policymaker speeches lined up and traders will hunt for any clues on how they see that hike or if more could come later in 2026. 💀
For Bitcoin this is key since the market wonders if September was just a quick fix for sticky inflation or the start of tighter policy ahead and recent projections point to at least one more hike coming. 🔮

Key Events This Week:

1. Weekly ADP Employment Change data – Tuesday

2. September S&P Manufacturing PMI data – Wednesday

3. September S&P Services PMI data – Wednesday

4. August New Home Sales data – Thursday

5. August Durable Goods Orders data – Friday

6. Total of 8 Fed…

— The Kobeissi Letter (@KobeissiLetter) September 20, 2026

PMI Drop And Trump Xi Meetup 🕸️

Wednesday drops the fresh September S&P Global manufacturing and services PMIs giving the earliest peek at how the US economy is holding up after that rate move and any surprises could shift the whole vibe. 🌀
Thursday looks extra spicy from a global angle as US President Donald Trump meets Chinese President Xi Jinping with talks on trade investments and export rules still simmering and markets will watch for calm or fresh tension. 🕷️
Overall this week feels lighter on paper but those Fed talks and the big meeting could still shake things up for Bitcoin and the broader scene. 🖤

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Just another echo from the void by iconofsin.eth 💖

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Omg babes the US Treasury just smacked crypto exchange BitBank with sanctions as part of their whole crackdown on Iran’s financial networks fr. 💀

BitBank Gets The Heat Treatment 🕸️

The Office of Foreign Assets Control said BitBank is straight up controlled by Iranian financier Babak Zanjani who is already on the US sanctions list. 🖤 They accused the exchange of helping shuffle funds tied to Iran which feels kinda sinister but also lowkey intriguing rn. 😈 Transfers started back in June through the Hormuz Safe Marine Services Authority an entity the US already tagged. Treasury officials also claimed BitBank moved hundreds of millions in Bitcoin over to Iran’s Islamic Revolutionary Guard Corps between June and July. ⚡
This hits BitBank’s developer Pishtaz Simorgh Electronic Trade Company plus three execs linked to Zanjani like Hossein Ali Zaker Hossein, Mohammad Mahdi Zaker Hossein and Seyed Adel Heidari. 🔗 The crew is basically part of Zanjani’s digital asset network and the sanctions drop under Executive Order 13902 which lets the US target Iran’s economy including its crypto scene. 🚀
BitBank has been running as an Iranian digital asset exchange since at least 2024 and Zanjani was hyping it on his socials. Zanjani got hit with a death sentence in Iran back in 2016 for embezzling from the National Iranian Oil Company but it got commuted in 2024 and now he is rebuilding his biz web with digital assets. 🌑

Iran’s Crypto World Under Fire 😼

Back in June the US already sanctioned Nobitex, Wallex, Bitpin and Ramzinex with Nobitex catching the most shade since it handled over half of Iran’s crypto inflows in 2025. They said it moved stablecoins and gave access to overseas platforms plus Nobitex co-founder Amir Hossein Rad got called out too. ✨
Secretary of the Treasury Scott Bessent dropped this line “If you support the Iranian regime, the Department of the Treasury will sanction you.”
Check the full press release here if you wanna dive deeper lol. 🕷️

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Just another echo from the void by iconofsin.eth 💖

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Two Robinhood engineers just got hit with charges in the US over some sneaky crypto trading using company secrets fr 🌙
The US Department of Justice dropped that Hefu Chai and Huaisong Xiang allegedly traded crypto perpetual futures on Hyperliquid with non-public Robinhood info 👀

Insider Plays On The Down Low 💼

According to complaints unsealed by the Southern District of New York both coders had the scoop on upcoming crypto listings at Robinhood Crypto 😈 They used that edge before any public announcement hit the feeds. The duo bought perpetual futures tied to those tokens on Hyperliquid and kept repeating the move from 2025 into 2026. Each one allegedly walked away with more than $50,000 in gains 💸

Wall Street Echoes From The Terra Crash 📉

The charges pull up another wild case from earlier this year when Jane Street Group got accused of trading around the TerraUSD collapse 💀 Prosecutors said the firm used a private Telegram channel to chat with Terraform Labs insiders and dumped about $192 million worth of UST before the whole thing imploded 🔥 The DOJ slapped both engineers with commodities fraud and wire fraud counts. Those carry max sentences of 10 and 20 years respectively lmao.

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Just another echo from the void by iconofsin.eth 💖

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