US Prepares to Seize Iran's $1 Billion Crypto Assets

Ledger confirmed an unauthorized hardware implant in a device sold through the reseller CryptoBilis, after on-chain analysts traced an estimated $72 million to $93 million in thefts. Ledger says its own systems and direct sales were not compromised. Whether a Ledger is safe depends mainly on where it was bought.

The Wormhole (W) price rose more than 60% in 24 hours on October 11 and 12, 2026, and about 100% over seven days on KuCoin's data. Sources link the move to altcoin rotation, not a new Wormhole event. W 2.0, HYPE and RLUSD are 2025 and 2026 developments that give context but do not prove the rally's cause.

The MAGIC coin rose more than 20% in 24 hours around October 11, 2026, and roughly doubled over seven days on KuCoin's figures. Treasure, the project behind it, has shifted from Web3 gaming toward AI agents. No clear catalyst has been published, and the token is a small cap, so the move carries unusually high risk.

STRK price briefly broke above $0.12 on October 12, 2026, while PLUME, LUMIA and other Layer 2 tokens also rose. Only STRK has a clear catalyst, and the total crypto market barely moved. The evidence points to a one-token squeeze that lifted its neighbors, not a confirmed sector rotation.

WEEX Weekly Market Hotspot Preview focuses on the PUMP unlock, the start of financial earnings, CPI, ASML earnings, PPI, retail sales, TSMC earnings, and Fed Chair Warsh’s annual-meeting fireside chat. The main themes are inflation repricing, financial-earnings validation, AI chip demand confirmation, and crypto supply pressure.

Bitcoin traded near $83,700 and is testing the $84,000–$85,000 cost-cluster zone. In crypto, L2 scaling, ZK modularity, high-performance L1s, gaming and DePIN were relatively active as capital rotated from pure meme trades toward infrastructure narratives. In equities, NVIDIA’s market value is approaching $6 trillion, supported by AI infrastructure demand, while optical modules and fiber names were relatively resilient. Bond markets are closed on October 12 ET for the holiday, while equities trade as normal; the pause in yield pricing may amplify intraday volatility.