Author: driver789
Within minutes of the first U.S.-Israeli missiles striking Tehran on Saturday morning, a different kind of exodus was already underway. Crypto outflows from Nobitex, Iran’s largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment. Nobitex processed $7.2 billion in crypto transactions in 2025 and serves more than 11 million users, Elliptic said. It allows Iranians to convert rials into crypto and withdraw to external wallets which is a direct pipeline around the country’s crippled…
Aave’s “Aave Will Win” framework passed its Temp Check vote, clearing the first formal stage of the protocol’s governance process. On Sunday, the off-chain Snapshot vote closed with 52.58% voting in favor, 42% against and 5.42% abstaining. The result advances the measure to the Aave Request for Final Comment (ARFC) stage, where terms may be revised before any binding on-chain vote.The framework asks tokenholders to approve up to $42.5 million in stablecoins and 75,000 Aave (AAVE) tokens for Aave Labs. In return, the organization would route 100% of revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating…
While US Senate lawmakers have been working to pass a comprehensive digital asset market structure bill since July, some industry observers in Washington say progress could be “on hold” due to government gridlock.Since the House of Representatives passed the CLARITY Act last summer and sent the legislation to the other chamber, lawmakers have faced a historically long government shutdown, partisan divides on ethics and debates over stablecoin yield that have likely slowed progress on the bill, which could be further hampered by the upcoming US midterm elections in November.Eight months ahead of the midterms, one version of the market structure…
The crypto market is going up today, March 2, even as the geopolitical crisis in the Middle East escalated. Summary The crypto market remained stable on Monday even as the war in Iran started. This rally happened as the economic impact of the crisis remained limited. The crypto recovery could be a dead-cat bounce, a situation where a falling asset rebounds temporarily. Bitcoin (BTC) rose to nearly $70,000, while Ethereum (ETH) jumped to $2,065. Other top gainers were coins like Near Protocol, Morpho, Virtuals Protocol, Jupiter, and Pudgy Penguins. The market capitalization of all coins jumped to over $2.38 trillion.…
After dipping over the weekend as the U.S. began strikes against Iran, bitcoin BTC$69,062.02 shot higher on Monday, at one point nearing $70,000 before pulling back to the current $69,000.While any rally in bitcoin is welcome by the bulls, today’s move comes after a relentless months-long slide that has halved the price and weighed on sentiment. One analyst suggests Monday’s quick gains carry the hallmarks of a positioning squeeze, with traders who had bet on further downside forced to unwind those trades as prices rose.“This is clearly a flushing of shorts due to the confluence of the Iranian attacks causing…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As bearish pressure returns to the cryptocurrency market, the price of Ethereum has lost the $2,000 level. Despite the fact that volatility still lingers, conviction is building among investors again, as indicated by the steady inflows of capital into ETH accumulation wallet addresses. A Steady Stream Of Ethereum Flows Ethereum’s price may be struggling with ongoing volatility, causing it to revisit a key support level, but the activity of investors is painting a different story. A recent report indicates a persistent bullish sentiment and activity among ETH…
Rising tensions around the Strait of Hormuz, one of the world’s most critical oil chokepoints, have sent shockwaves through global markets, driving oil price volatility, rattling currencies, and exposing vulnerabilities in cross-border trade flows. The Strait of Hormuz chaos could spark the XRP moment, and Ripple’s new financial era has ignited amid global oil turmoil. Crypto analyst Pumpius revealed on X that the Strait of Hormuz handles roughly 20% of the global oil flows, but the US and Israel strikes on Iran have slashed vessel traffic by 70%. According to coverage from Reuters and The New York Times (NYT), major…
Cake Wallet has announced the integration of Bitcoin’s Lightning Network into its advanced privacy wallet. The move comes after a series of Bitcoin-specific updates that put Cake at the forefront of mobile wallets across the broader crypto industry. This is not Cake Wallet’s first inroad into advanced Bitcoin features. Unlike most multi-coin wallets such as Binance’s popular Trust Wallet, Cake has gone a lot further than just supporting basic on-chain addresses. Cake has deployed some of Bitcoin’s more sophisticated technology, such as Silent Payments and Payjoin, powerful privacy technologies that most other blockchains and crypto wallets are not even close…
Hong Kong and Shanghai authorities have agreed to deepen cooperation on using blockchain technology to streamline trade finance and cargo documentation, under a new partnership announced Monday.The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a memorandum of understanding (MoU) to deepen collaboration in digitizing cargo trade and finance.The parties will conduct joint research on the benefits of developing a blockchain-based “cross-border platform” for interlinking trade data, electronic bill of lading and financial applications under the HKMA’s Project Ensemble, an initiative launched in 2024 to explore tokenized…
XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges.Key takeaways:XRP faces overhead resistance at $1.42XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to the current price of $1.34.The cost-basis distribution heatmap shows that a large cluster of supply is within this area, where nearly 1.48 billion XRP were acquired over the last 30 days. This marks an area of stiff resistance for XRP, limiting upside potential. XRP: Cost basis heatmap. Source: GlassnodeThe daily XRP price chart below shows…