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
Labeled for “energy-intensive use cases,” the facilities in Texas, Louisiana and Illinois could support both Bitcoin mining and artificial intelligence workloads. Bitcoin mining company Hut 8 is building four new Bitcoin mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of capacity as US miners tighten their grip on the global hash rate. According to a Tuesday announcement, the expansion is aimed at broadening the company's geographic footprint and target markets where “energy demand [is] rising most rapidly.” Hut 8 shares on Nasdaq soared as much as 10.5% on Tuesday following the announcement, according to Google Finance. The company said its current 1 gigawatt capacity has been 90% taken up. Read more
Commerce Secretary Howard Lutnick the department will begin publish GDP data onchain first, and gradually include other economic data. US Commerce Secretary Howard Lutnick said the Department of Commerce will begin publishing economic statistics, including gross domestic product (GDP) data, on the blockchain. Lutnick made the announcement during a White House cabinet meeting on Tuesday, describing the effort as a move to expand blockchain-based data distribution across government agencies. Speaking to US President Donald Trump and other government officials, he said: Lutnick said the initiative will begin with GDP figures and could expand across federal departments after the Commerce Department finishes “ironing out all of the details” for the implementation. Read more
To hit $250, SOL needs to see an uptick in onchain activity, demand for buy-side leverage and a resolution of the SEC’s Solana ETF decision. Key takeaways: SOL struggles to sustain $200 as onchain activity weakens and leveraged demand remains subdued. A spot ETF approval and institutional support could lift SOL, but current fundamentals suggest limited rally potential. Read more