Tag: Iran

Trump Iran War Signals Lift Crypto, Sink Oil Prices

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Oil prices fell while cryptocurrencies posted modest gains on Monday after US President Donald Trump told reporters that war with Iran could be coming to an end — even as he later ramped up the war rhetoric again on social media. In a phone interview with CBS News on Monday, Trump made it appear that the war in Iran was wrapping up. The US military claims to have struck more than 3,000 Iranian targets in the first week of operations. “I think the war is very complete, pretty much,” Donald…

Trump declares Iran “surrendered” to Middle East neighbors, threatens further strikes

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President Donald Trump said that Iran has “apologized and surrendered” to its Middle East neighbors and pledged to cease military attacks against them, while simultaneously warning that additional strikes against Iranian targets are imminent. In a Truth Social post on Saturday, Trump claimed that coordinated military pressure from the US and Israel has pushed Iran into retreat and that the country has lost its influence as a regional power. He also stated that other Middle Eastern countries had thanked him for helping to bring about this outcome. The US president…

Kalshi faces class action over $54M bet on Iran leader’s departure

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Prediction market platform Kalshi faces a proposed class action from traders who say the exchange should have paid out bets tied to a market on whether Iran’s Supreme Leader Ali Khamenei would leave office. The disputed market attracted about $54 million in trading volume before it was halted following reports of US and Israeli airstrikes on Iran. According to a Bloomberg Law report, the complaint filed in the US District Court for the Central District of California argues that Kalshi’s market rules led traders to expect payouts if Khamenei left…

Binance Slams US Senate Probe over Iran as Based on Defamatory Reports

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Cryptocurrency exchange Binance has officially responded to a February inquiry launched by a group of 11 US senators, largely denying facilitating transactions to Iranian entities and the narrative around employees’ terminations. In a Friday letter to US Senators Richard Blumenthal and Ron Johnson of the Permanent Subcommittee on Investigations, Binance said that an inquiry launched in February into the exchange’s activities was based on reports that were “demonstrably false, unsupported by credible evidence, and defamatory in several material respects.”  The exchange referred to reporting from the Wall Street Journal, New…

Oil tops $90 for the first time as Iran tensions deepen

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Oil prices surged Friday, with Brent crude topping $90 per barrel for the first time since the latest escalation of geopolitical tensions in the Middle East. The rally came as US President Donald Trump warned there would be no agreement with Iran, posting on Truth Social that the only acceptable outcome would be “unconditional surrender.” The statement added to concerns that the conflict could continue escalating, increasing the risk of supply disruptions across the global energy market. According to a report by Financial Times, Qatar’s energy minister Saad al Kaabi…

Oil jumps as Trump Iran warning and weak jobs data rattle markets

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Markets got hit from both sides on Thursday. Geopolitical saber-rattling pushed oil to $88 a barrel, and then a brutal jobs report kicked risk assets while they were already down. Bitcoin dropped 3.7% in 24 hours to around $69K. Ethereum fared worse, sliding 4.2% to slip below the psychologically important $2K level. Solana took the hardest punch among major tokens, falling 5% to roughly $85. The crypto Fear & Greed Index now sits at 18 — deep in “Extreme Fear” territory, barely improved from last week’s 13. The geopolitical trigger…

Iran Strike Bets Usher Moves to Curb Prediction Markets

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Senator Chris Murphy says it’s likely people close to Donald Trump with “inside information” made bets on prediction markets on when the US would strike Iran. US Democratic lawmakers are working on a bill to police prediction markets after raising insider trading concerns over bets made on the timing of Israeli and US strikes on Iran. Democrat Senator Chris Murphy said in a video posted to X on Wednesday that what he claimed were White House insiders made a “very specific bet” on Friday that the US would go to…

Bitwise CIO says weekend Iran strike exposed advantage of 24/7 markets like Hyperliquid

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Bitwise CIO Matt Hougan said the weekend US strike against Iran highlighted how quickly global finance could shift toward blockchain-based systems. Hougan said crypto markets became the main venue for price discovery while traditional exchanges were closed. In a memo published Tuesday, Hougan described how onchain platforms handled trading activity in the hours following President Donald Trump’s announcement of a strike on Iran. US equity markets, futures exchanges, and major currency trading desks were closed at the time, leaving investors without conventional outlets to react to the news. “As this…

Iran Crypto Outflows Rose 700% After US-Israel Attack

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Iran’s top crypto exchange saw a significant spike in crypto withdrawals within minutes of the US and Israel launching strikes in Tehran on Saturday. However, a widespread internet outage curbed additional outflows. In a post on Monday, Elliptic said crypto outflows from the Nobitex exchange surged by more than 700% to over $500,000 within minutes of the first airstrikes, with a chart showing that outflows reached nearly $3 million in a single hour later that day.  Crypto outflows on Nobitex from late February to March 1. Source: Elliptic Elliptic said…

Iran crypto outflows surge 700% after US-Israel strikes as capital flees offshore

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Crypto analytics firm Elliptic detected a significant spike in digital asset withdrawals from Nobitex, Iran’s dominant crypto exchange serving more than 11 million users, in the immediate aftermath of initial US-Israel military strikes on Iranian territory. The London-based blockchain intelligence company said the surge in outflows last Saturday may indicate capital flight. Outgoing transaction volumes spiked by 700% within minutes of the first strikes. Elliptic said the data suggests Iranian users converted rials into digital assets and moved funds to external wallets beyond the reach of conventional banking oversight. Nobitex…