According to @AltcoinDaily, Iran’s crypto ecosystem activity has spiked to 7.8 billion dollars amid mass protests, citing Chainalysis as the data source, source: Altcoin Daily on X citing Chainalysis. For trading impact, Chainalysis’ Geography of Cryptocurrency Reports show that periods of unrest and capital controls in sanctioned or high-inflation markets tend to drive stablecoin and peer-to-peer volumes higher, which can lift USDT liquidity demand and affect regional price spreads, source: Chainalysis Geography of Cryptocurrency Report 2023 and Chainalysis Geography of Cryptocurrency Report 2024. Traders should monitor USDT, BTC, and ETH flows and premiums in regional hubs such as Turkey and the UAE that Chainalysis identifies as major MENA corridors to gauge liquidity conditions and cross-border routing, source: Chainalysis Geography of Cryptocurrency Report 2024.

According to the source, Israeli authorities published a list of cryptocurrency addresses on Monday, alleging Iran’s Islamic Revolutionary Guard Corps used them to receive about 1.5 billion in digital assets, a development traders should treat as high sanctions-compliance risk when screening counterparties.

According to the source, the Iranian cryptocurrency exchange Nobitex has suffered a major security breach, resulting in the theft of nearly $47 million in assets. An Israeli-linked hacking group known as Gonjeshke Darande, or Predatory Sparrow, has claimed responsibility for the attack. The group stated the attack was politically motivated, accusing Nobitex of being a 'core part of the regime’s terror financing network' used to evade international sanctions. The stolen funds, which included tokens from Bitcoin (BTC), EVM-compatible chains, Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), were reportedly sent to burner addresses, making recovery highly improbable. Compounding the issue for traders, the hackers followed through on their threat and released the full source code for the exchange, including internal privacy settings and server lists. This leak exposes any remaining user assets to extreme risk from other malicious actors. Nobitex confirmed the attack and stated it plans to restore services, but faces a severe credibility crisis and potential further losses for its users.