Iranian Crypto Outflows Jump 700% After US-Israeli Airstrikes

The U.S. Senate advances CBDC ban bill, digital dollar restricted until 2030

The U.S. Senate advances the "21st Century Housing Roadmap Act," explicitly restricting the Federal Reserve from issuing central bank digital currencies before 2030, aiming to improve housing affordability and protect financial privacy. The bill is supported by the White House, but the expiration clause in 2030 has sparked uncertainty, and future CBDC policies remain controversial.

Middle East Conflict Shocks Global Markets: Korean Stock Market Plunges 10% Triggering Circuit Breaker, Bitcoin Resists Decline Draws Attention

The tense situation in the Middle East has caused significant fluctuations in the global financial markets, with the Korean stock market dropping over 10%, triggering a circuit breaker. Japan and Hong Kong stock markets are also under pressure, crude oil prices have risen, and inflation concerns have intensified. The market is reassessing the safe-haven properties of leading assets like Bitcoin, resulting in a slight decline in the overall cryptocurrency market capitalization.

Financial Channels Amidst the War: Iran's Stablecoin Trading Remains Unbroken, USDT Becomes a Key Hedging Tool

Against the backdrop of escalating tensions in the Middle East, Iran's cryptocurrency system demonstrates the key role of stablecoins. Even with internet disruptions and a sharp decline in trading volume, USDT remains an important channel for value transfer. It is estimated that by 2025, Iran's crypto trading volume could reach $8 billion to $10 billion, with fund flows associated with the Islamic Revolutionary Guard Corps. Despite trading restrictions, the overall system has not collapsed, reflecting the dual nature of stablecoins in cross-border payments and sanctions evasion.

Bitwise Chief Investment Officer: Israel-Iran Conflict "Changed Finance," Traditional Finance Embraces Blockchain Faster Than Expected

During the US-Iran conflict, traditional markets were closed, and the trading volume on the crypto derivatives platform Hyperliquid reached $11.5 billion, demonstrating the potential for on-chain finance to replace traditional exchanges. Bitwise's Chief Investment Officer believes that this weekend's situation has overturned predictions of traditional financial transformation. Bloomberg also cited Hyperliquid's crude oil contracts. Traditional exchanges need to accelerate their transformation to avoid being marginalized.

FATF: Iran and North Korea frequently use stablecoins for money laundering, involving a total of $51 billion in fraud-related funds

The latest FATF report indicates that stablecoins have become the preferred method for illegal transactions by sanctioned countries such as Iran and North Korea, with estimated related activities reaching $51 billion in 2024. The report recommends that countries strengthen regulation of stablecoin issuers rather than imposing a complete ban to prevent money laundering and fund transfers.

The US-Iran conflict impacts South Korea's financial markets... Exchange rates and stock markets suffer heavy losses

The Korean financial market continues to fluctuate due to the ongoing aftermath of the US-Iran war, with the Korean won against the US dollar breaking through 1,500 won, and the stock market plummeting below 5,400 points. Large-scale foreign capital sell-offs are impacting the market, and the Bank of Korea stated that it will monitor the situation and may take measures. Managing external risks is particularly important.