Bitmine Immersion Technologies generated $45.7 million in Ethereum staking revenue in the quarter ended May 31, accounting for 98% of the company's total revenue for the period. That compares to just $2 million in total revenue for the same quarter a year ago, when the company's income came primarily from machine leasing. Bitcoin self-mining contributed $624,000, and consulting services added $168,000.

The US Treasury has ordered the freezing of more than $131 million in cryptocurrency linked to Iran, confirming what onchain data had already revealed hours earlier. Blockchain investigator Specter identified four Tron wallets holding $131 million in USDT that Tether had frozen on Tuesday. Treasury Secretary Scott Bessent confirmed the Iran crypto freeze on X, stating the wallets were tied directly to the Central Bank of Iran. "US Treasury is committed to disrupting and degrading Iran's illicit financial activities, including its abuse of digital assets," Bessent said.

Lawyers representing the Bille community in Nigeria's Niger Delta have filed amended pleadings at the English High Court alleging that Shell knowingly misled the courts to avoid standing trial over decades of oil pollution. The Shell Nigeria lawsuit, brought by the Bille community seeking clean-up costs and compensation, is due to go to trial early next year and could become one of the most significant environmental claims ever faced by the London-listed energy group. Shell denies the allegations.

Donald Trump declared more than 22,000 stock transactions in 2025, according to an FT analysis of financial disclosures released this week. His immediate predecessor Joe Biden disclosed 13 transactions over four years. In his first term, Trump declared 517. The disclosures show Trump bought between $461 million and $1.4 billion in stocks last year across eight investment accounts, seven of which appeared to be tracking broad market indices. The eighth engaged in more targeted stockpicking, including positions in restaurant chain Kura Sushi and arms company Kratos Defence.

Revolut has notified users that it will delist Tether's USDT stablecoin by August 31, 2026. Purchases of USDT will be disabled from July 6, deposits will be rejected after July 30, and any holdings not sold or withdrawn by August 31 will be automatically converted into the user's base currency at the prevailing exchange rate. The company cited "regulatory and risk considerations" without specifying which regulations triggered the decision or whether the delisting applies globally or only in certain jurisdictions. Revolut did not respond to a request for comment on either point.