Iran

As airstrikes hit Tehran, Iranians turned to bitcoin and other crypto as a financial lifeline.

The bitcoin price pumped sharply from the mid‑$65,000 range to above $70,000 earlier today.

Iran’s crypto economy surged past $7.78 billion in 2025, with Bitcoin emerging as both a financial lifeline for citizens and a strategic tool for the IRGC amid political turmoil and conflict.

Iran’s national currency, the rial, has effectively collapsed, now trading at roughly 1.4 million rials per U.S. dollar.

As Iran imposes sweeping internet restrictions, protestors are turning to Bitcoin-linked apps like Bitchat and its localized fork Noghteha — leveraging mesh networks and cypherpunk ideals to maintain communication amid the blackout.

With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.

Iran reportedly passed a law enabling the use of bitcoin as payment for imports and establishing a framework for the asset class, including mining regulations.

The country has ordered miners to shut down for the second time this year over blackouts concerns.

The country has given licensed bitcoin miners the green light to come back online after a four-month ban.

The state agency responsible for power generation and distribution reportedly said restrictions on bitcoin mining would be lifted next month.