Iran is increasingly relying on Bitcoin and the stablecoin Tether to conduct cross-border trade as U.S. sanctions and economic restrictions limit access to traditional financial networks. The Iranian central bank has eased foreign-exchange controls, allowing exporters to use these digital currencies via domestic crypto exchanges to move export revenues directly into imports, avoiding some state-imposed restrictions. While this shift helps Iran maintain trade flow despite sanctions, it carries risks as U.S. authorities have sanctioned Iranian crypto exchanges and warned about potential penalties for foreign entities dealing with them. This move highlights the growing role of digital assets in countries facing financial isolation, though crypto is unlikely to fully replace conventional banking for Iran.
Coinbase's reported XRP holdings surged by 5.5 billion tokens on September 8, but this was due to reclassification of previously unidentified wallets, not an actual inflow or purchase. Blockchain explorer XRPScan confirmed the change reflected update...
Canary Capital has launched the Staked TRX ETF on the Cboe BZX Exchange, allowing U.S. investors to gain regulated exposure to TRON (TRX) along with staking rewards. The ETF, trading under ticker TRXS, carries a 1.10% management fee and plans to stak...
XRP's price increased by 3.77% to around $1.43 on September 9, driven by increased whale activity, spot ETF inflows, and bullish derivatives positioning. Large holders are accumulating XRP, supported by $1.55 million net inflows into U.S. spot XRP ET...
Strategy Inc. sold 4.53 million MSTR shares and redirected $176.3 million from Bitcoin purchases to buying STRC shares, reducing its Bitcoin holdings by 2,313 BTC since June. This move indicates a strategic shift away from expanding its Bitcoin treas...
CleanSpark increased its Bitcoin mining output to 593 BTC in August from 586 in July, with a peak daily production of 20.40 BTC. However, the company sold 821 BTC during the month, exceeding its production and reducing its Bitcoin holdings to 13,703 ...
