Data: 23.8 million WLFI transferred out from an anonymous address, then relayed to another anonymous address

Gray Scale: In February, Solana on-chain stablecoin trading volume hit a new high of $650 billion, with increasing payment demand

In February, the trading volume of stablecoins on the Solana blockchain reached $650 billion, a record high and double that of last year. The surge in retail payment demand has driven the growth of stablecoin transactions, with Solana gradually shifting from Meme coins to stablecoin trading, indicating an increase in payment use cases. Although Ethereum still dominates the market, stablecoins could become a key pillar of the Solana network.

Beyond Islamic teachings, Iran needs Bitcoin.

Author: Zen, PANews The global spotlight is on Iran and the Persian Gulf. The outside world often discusses Iran through two main narratives: military and regime risks, and energy and shipping impacts. Mainstream media reports focus on military actions, oil and gas facilities, the Strait of Hormuz, and sharp fluctuations in financial markets. But beneath these grand narratives, if you zoom in on cities like Tehran, Mashhad, and Ahvaz and look at individual ordinary people, you will find that when tensions are high, the most important things are life and asset hedging. After the US and Israel launched an attack, the outflow of assets from Iran’s largest cryptocurrency exchange Nobitex surged, skyrocketing by about 700% within just a few minutes. Chainalysis’s report also confirmed that within hours after the attack, the hourly trading volume of crypto assets within Iran rapidly increased.

Bank failures, war conflicts: Iran's $7.8 billion cryptocurrency "shadow economy" becomes the focus again

As the US-Israel coalition's military actions against Iran escalate, Iran's "shadow economy" becomes a focal point. Iran has legalized Bitcoin mining and is utilizing cheap electricity for mining to bypass US dollar sanctions, with the mining scale potentially reaching $7.8 billion and being heavily relied upon by the military. The rial has depreciated by over 96%, and the stablecoin USDT has become a new tool for trade, while the public is turning to Bitcoin to protect their assets.

Analysis: Iran's largest cryptocurrency exchange Nobitex has not experienced ongoing bank runs; fund movements may be due to internal transfers.

Recent reports indicate that after the US and Israel launched strikes against Iran, Iran's largest cryptocurrency exchange Nobitex did not experience user-led withdrawal surges, despite a brief increase in on-chain activity. Analysts believe that these fund transfers are related to internal platform fund management and are not due to user panic withdrawals.

Shiba Inu Sees 337B SHIB Exit Exchanges Amid Bearish Grip

Key Insights: Shiba Inu recorded a 337 billion token exchange outflow in 24 hours, tightening supply across trading platforms significantly. Despite shrinking exchange reserves, SHIB price remains below major moving averages, reflecting sustained bearish market control and weak recovery

Bitcoin breaks $71,000! Over 100 million in short positions liquidated across the entire network

The cryptocurrency market has recently shown signs of recovery, with Bitcoin breaking through $71,000 and a single-day increase of 4.81%. At the same time, the total amount of short positions liquidated across the network has exceeded $100 million, and the liquidation amount for Ethereum is also quite significant. The US stock indices have slightly risen, indicating macro market capital adjustments.