Iranian | Crypto

Iran’s financial system just suffered one of its most dramatic implosions in years. The country’s Central Bank declared Ayandeh bank, one of its largest private lenders, bankrupt and its assets were absorbed by the state. Founded in 2012 with over 270 branches nationwide, Ayandeh bank had accumulated $5.2 billion in losses and nearly $3 billion in debt, […] The post Iranian bank crisis underscores Bitcoin’s role as financial hedge appeared first on CryptoSlate.

Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets. Flows into Iranian crypto trading platforms have fallen in 2025 due to a breakdown in nuclear negotiations with Israel, a $90 million hack on Iran’s largest crypto exchange, and a major stablecoin blacklisting, says blockchain analytics firm TRM Labs. Iranian crypto flows hit $3.7 billion between January and July, an 11% decrease compared to the same period last year, with the worst drop off coming in June and July, TRM Labs said in a report on Tuesday. Iran’s crypto flows started to sharply drop in June, just after the $90 million hack on Nobitex, which handles 87% of the country’s crypto transactions.  Read more