Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.38T
Market Cap
$2.38T
24h Trading Volume
$113.21B
BTC Dominance
56.34%
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Latest Crypto News
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Minnesota moves to ban Bitcoin ATMs amid surge in elderly-targeted crypto scams
Minnesota lawmakers are weighing a statewide ban on Bitcoin ATMs and similar cryptocurrency kiosks, citing a growing link between the machines and financial scams that frequently target older and vulnerable residents. The proposal, House File 3642, was introduced by DFL Rep. Erin Koegel and discussed Thursday by the Minnesota House Commerce Finance and Policy Committee. Lawmakers from both parties, joined by law enforcement, raised alarm about how kiosks are being used to quickly move stolen funds and make recovery difficult. “We have heard from our law enforcement officials that they are a prime target who are looking to take advantage of our loved ones,” Koegel told the committee. Local investigators provided concrete examples of the risks. Detective Lynn Lawrence of the Woodbury Public Safety Department said crypto kiosks “remain one of the most effective tools that scammers are continuing to use to steal money.” Sgt. Jake Lanz of the St. Cloud Police Department described a case in which an elderly woman was manipulated into handing over $80,000 via a kiosk, noting that perpetrators often transfer deposits rapidly and route funds overseas, which complicates recovery. The Minnesota Department of Commerce has signaled support for HF 3642. Sam Smith, speaking for the department, said officials back the bill and plan to roll a broader consumer protection package into the legislative process that includes the proposed ban. “The department strongly supports HF 3642. In the coming days, the department will also present a broader protection proposal that includes this ban,” Smith said. Industry voices pushed back, however. CoinFlip, a major operator of crypto kiosks, argued in a statement to WCCO that kiosks provide an important physical access point for people entering the digital economy—similar to how bank branches and ATMs serve customers in the fiat system. The company called kiosks a practical bridge between cash and digital assets and stressed its commitment to compliance, transparency, and cooperative engagement with regulators. CoinFlip said it supports clear, consistent rules and is ready to work with Minnesota lawmakers to bolster protections while preserving consumer choice. What are crypto kiosks? Often called Bitcoin ATMs, these are retail machines that can convert cash into cryptocurrency (and sometimes vice versa). Supporters say they expand access to crypto for users who prefer in-person, cash-based transactions. Critics and law enforcement say the machines’ speed and global transferability make them attractive tools for scammers. The committee debate reflects growing national scrutiny of physical crypto access points as state regulators and law enforcement seek ways to curb fraud without shutting off legitimate consumer access. HF 3642’s fate will depend on further committee work and negotiations as Minnesota’s wider consumer-protection proposals are finalized. Featured image from OpenArt, chart from TradingView.com. Read more AI-generated news on: undefined/news
Inside Iran’s $7.8B Crypto Shadow Economy: Mining, IRGC Flows and Sanctions Evasion
Fresh U.S. and Israeli strikes on Iran have shone new light on a shadowy but increasingly important part of Tehran’s finances: a crypto economy built alongside — and to some extent outside — its crippled banking sector. What analysts call Iran’s “crypto shadow economy” is no longer marginal. Chainalysis estimates it reached $7.78 billion in 2025, a sum comparable to the GDP of small states such as the Maldives or Liechtenstein, and the network’s activity spikes whenever political or military tensions flare. How the system works Iran legalized crypto mining in 2019 and gave licensed miners access to heavily subsidized electricity on the condition that mined bitcoin be sold to the central bank. That arrangement effectively converts cheap domestic energy into a cross-border asset. Miners mint BTC, transfer it to the central bank, and the bank can then move value to overseas counterparties to pay for imports — machinery, fuel, consumer goods — without routing transactions through U.S.-controlled banks. Those settlements happen on public blockchains, but the parties on either end can remain opaque, which is why crypto is attractive for economies under sanctions. Mining footprint and cost Estimates put Iran’s share of global bitcoin mining at roughly 2%–5%, though much mining activity is opaque and often runs out of public view. Analysts say the Iranian state’s marginal mining cost is around $1,300 per coin — a low production price that the state can sell at market rates. Whether Iran’s central bank maintains significant BTC reserves is unknown; there is no official disclosure or “treasury dashboard.” Stablecoins and the rial Stablecoins — especially USDT (Tether) — have become a parallel settlement tool. Elliptic’s research shows Iran’s central bank accumulated at least $507 million in USDT in 2025, apparently to stabilize the rial and finance trade. That effort has had limited success: the rial has lost more than 96% of its value against the U.S. dollar. Stablecoins are popular in sanctioned economies because they offer faster, dollar-pegged transfers and less volatility than bitcoin. IRGC’s growing role The Islamic Revolutionary Guard Corps (IRGC) has deepened its involvement in Iran’s crypto flows. Chainalysis finds IRGC-linked addresses accounted for more than half of Iranian crypto inflows in Q4 2025, receiving over $3 billion in value across 2025 (up from roughly $2 billion in 2024). Those figures are derived from wallets publicly tied to sanctions lists, so the IRGC’s true footprint could be larger. Domestic users and political flashpoints Crypto is not just a state tool. Ordinary Iranians have increasingly turned to bitcoin during economic collapse and political unrest. During protests and internet blackouts, local-exchange outflows to private wallets rose sharply, reflecting a rush to put value into self-custody. Chainalysis also documents that spikes in Iranian crypto activity tend to correlate with military clashes and internal unrest, including last year’s 12-day conflict with Israel. Compliance, exchanges and scrutiny The opacity of some flows has drawn international scrutiny. Stablecoins and cross-border crypto transfers have been implicated in sanction-evasion discussions, and major exchanges have faced pressure: Binance was accused of firing staff who raised alarms over funds moving to Iran-linked entities, prompting nine U.S. Senate Democrats to ask the Treasury and DOJ to investigate Binance’s controls. Such episodes highlight the balancing act for large platforms between growth and compliance. Risks to mining and the broader system Iran’s mining network depends on steady power. The state has imposed seasonal bans on mining before to ease grid strain, and a sustained conflict that damages infrastructure could temporarily cut hash rate and mining capacity in the country. If that happened, the global bitcoin network would likely rebalance as miners elsewhere increase output, but Iran’s ability to convert cheap energy into transferable assets would be diminished. Why it matters Iran’s crypto setup is a case study in how digital assets can be woven into an economy under sanctions: a mix of state-directed mining, central-bank acceptance of mined bitcoin, growing stablecoin holdings, and a prominent military actor (the IRGC) using crypto to move value across networks of affiliates. For policymakers, exchanges, and compliance teams, the system raises practical questions about enforcement, transparency, and how crypto flows react to geopolitical shocks. For markets, the main near-term effects are localized — but the spotlight on Iran underscores how crypto can become a strategic tool in conflicts and sanctions regimes. Read more AI-generated news on: undefined/news
Stablecoins Are Becoming Plumbing — The Next Battleground Is User Relationships
Headline: The “stablecoin sandwich” is dead — the next battleground is user relationships The crypto world’s latest obsession isn’t another token or a new blockchain — it’s stablecoins. After bitcoin and much of the market cooled from October’s highs, issuers and incumbents have doubled down on tokens pegged to real-world assets (mostly the dollar), and the space has exploded beyond U.S. dollar offerings. This week alone saw German joint venture AllUnity (DWS, Galaxy, FlowTrader) launch a Swiss-franc stablecoin (CHFAU), SBI Holdings and Startale Group unveil a yen token (JPYSC), Agant signal plans for a pound stablecoin, and Hong Kong move to start issuing stablecoin licenses in March. Add to that reports that Meta is preparing to enable stablecoin-based payments in the second half of the year — a striking return given the company’s failed Libra/Diem experiment in 2019. But the story today looks very different from Libra’s headline-grabbing ambitions. Christian Catalini, co-creator of Libra and now an MIT professor who founded the MIT Cryptoeconomics Lab, tells CoinDesk that stablecoins themselves are becoming background plumbing rather than the product. “Stablecoins are fading into the background, offered by multiple providers and becoming part of the payments infrastructure,” he said. The once-hot business of issuing and orchestrating stablecoins — coordinating cross-chain payments and fiat-token conversion — is fast turning into a commodity. “We’re moving away from branded stablecoins toward commodified provision of those assets,” Catalini said. “Not just Meta, but also Google, Apple — all of them will be using multiple providers, as is the case when they do disbursements of payments. It’s a sign the market has matured.” What’s replacing the focus on the token itself is a renewed emphasis on distribution: who controls the relationship with the end user. If stablecoins become interchangeable rails, the real economic value flows to the platform that owns the consumer touchpoint. That’s where Meta has a clear advantage: the company reported nearly 3.6 billion users across Facebook, WhatsApp and Instagram in its latest earnings — a massive distribution moat. Andy Stone, Meta’s VP of communications, framed the company’s move as pragmatic: it’s “about enabling people and businesses to make payments on our platforms using their preferred method.” Catalini adds that capture of the direct user relationship is where value concentrates. The old “stablecoin sandwich” — convert fiat to crypto, route through stablecoins, convert back to fiat for payments — is losing relevance as payments become integrated and invisible. This pivot benefits incumbents with entrenched touchpoints: card networks, fintechs, neobanks and wallet providers. While stablecoin payments could erode lucrative interchange fees that companies like Visa and Mastercard collect, those networks have a distribution edge. “If [card networks] can commoditize the rails and commoditize the assets, they will be able to defend their business,” Catalini said. “The commoditization of the assets is inevitable — there’s going to be many stablecoins and many banks will want their own — so the rails are where things will get interesting.” Payments infrastructure firms are already making strategic moves. Stripe — long linked to Meta and with CEO Patrick Collison on Meta’s board — is a notable player: last year it bought stablecoin specialist Bridge for $1.1 billion and has built a blockchain called Tempo. But Catalini questions whether rival payment providers will willingly build on a proprietary network like Tempo. “If you are another big payment service provider, would you want to build on Stripe’s Tempo? Probably not,” he said. The core challenge remains making these networks truly open and neutral — the original promise of crypto — while delivering practical interoperability at scale. Established chains such as Ethereum, Bitcoin and Solana still offer obvious, neutral choices. The broader implication: stablecoins are maturing from headline-grabbing products into interchangeable infrastructure. The winners won’t be those who mint the most attractive token but those who control customer relationships and the rails that move value. For payment platforms, wallets and big tech, that means doubling down on distribution, user experience and neutral interoperability — and perhaps stepping away from the “stablecoin orchestration” race altogether. In short: the stablecoin sandwich is on the way out. Expect the next phase of crypto payments to look less like token theater and more like invisible plumbing, where the most valuable asset is the user at the end of the pipe. Read more AI-generated news on: undefined/news
Bitcoin Set Up for Short Squeeze as Perpetual Funding Collapses to -6%
Bitcoin looks set up for a potential short squeeze after funding rates in perpetual futures plunged to three-month lows, underscoring a market skewed toward aggressive short positioning. Price action and catalyst - Bitcoin dropped to around $63,000 overnight after reports of U.S. and Israeli strikes on Iran, but has begun probing back toward the $64,000 level as buyers re-emerge. Funding rate collapse - Per CoinGlass data, perpetual futures funding rates fell to roughly -6% — the second-lowest level in three months. The only comparable instance was Feb. 6, when funding was similarly negative and BTC bottomed near $60,000. - Quick refresher: perpetual funding payments are the periodic cash flows between longs and shorts. Positive funding means longs pay shorts; negative funding means shorts pay longs. Deeply negative funding typically signals heavy short exposure and bearish sentiment, because shorts are willing to pay to keep their downside bets open. Open interest and market participation - Coin-margined open interest climbed from 668,000 BTC to 687,000 BTC in the past 24 hours. Measuring OI in BTC terms helps strip out price-driven distortions. - The combination of rising open interest and sharply negative funding suggests growing participation in downside bets — a crowded short trade that could fuel a squeeze if prices reverse. Forced liquidations - More than $500 million of crypto positions were liquidated in the last 24 hours, per CoinGlass. Over $420 million of that was long liquidations, highlighting the scale of forced selling as price fell. What this means - A market loaded with short positions, negative funding, rising BTC-denominated open interest, and recent heavy liquidations creates the conditions for a rapid buy-side move if sentiment turns. Traders should watch funding, open interest and price action closely for signs a short squeeze is starting — though volatility remains elevated amid geopolitical headlines. Read more AI-generated news on: undefined/news
DeFi Reacts: Hyperliquid Oil Perpetuals Spike After U.S.-Israel Strikes on Iran
Headline: Oil-linked perpetuals on Hyperliquid jump after U.S.-Israel strikes on Iran — DeFi traders price in geopolitical risk Oil-tied perpetual futures on the decentralized exchange Hyperliquid spiked on Saturday after coordinated U.S. and Israeli missile strikes on Iran set off large explosions across Tehran and other cities. The moves highlight how 24/7 on-chain derivatives markets let traders react instantaneously to breaking geopolitical events while traditional markets are closed. What moved - Oil-USDH perpetuals climbed more than 5% to $71.26. A separate contract, USOIL-USDH, rose above $86.00. - Together those two contracts accounted for nearly $4 million in trading volume and more than $5 million in notional open interest, according to Hyperliquid data. - Precious metals contracts (gold and silver) also gained, consistent with haven buying as market participants priced in elevated geopolitical risk. Why it matters - Iran is a major oil producer and exerts strategic control over the Strait of Hormuz — a chokepoint through which more than $500 billion of oil and gas passes annually. Its territorial waters and designated shipping lanes make disruptions a credible threat to global supply. - The strikes and Iran’s subsequent retaliation, reportedly targeting several U.S. airbases, raise the specter of prolonged instability in an oil-rich region. Traders fear Iran could disrupt shipping through the strait in a wider conflict, which would likely push oil prices sharply higher. - Higher oil prices feed into inflation, complicating central bank policy by making it harder to cut borrowing costs and to prioritize growth and risk-taking. Why DeFi mattered here - Unlike traditional markets that close on weekends, DeFi derivatives platforms such as Hyperliquid operate around the clock, enabling immediate repricing of geopolitical risk, rapid position adjustments, and continuous liquidity discovery. - This episode underscores the growing role of on-chain markets in real-time risk transfer — particularly for macro drivers like oil that quickly transmit to broader financial conditions and crypto market sentiment. Read more AI-generated news on: undefined/news
Ethereum Flips Corrective Channel — Elliott Wave Signals Major Bull Run Toward $2,624
Headline: Ethereum May Be Entering a Major Bull Run After Flipping Corrective Channel Ethereum is flashing bullish signals after breaking out of a corrective price channel, a move that technicians say marks the start of an impulsive wave. Analysts at Elliott Waves Academy are mapping a fresh bullish impulse on the 4‑hour chart, suggesting the market may be entering the powerful Wave 3 of (3) — a structure that often produces rapid, extended gains. What the structure implies - The technical projection points to at least a 161.8% Fibonacci extension as a minimum target for this leg, with momentum capable of pushing the move toward a 261.8% extension if buyers remain in control. - Elliott Waves Academy identifies $2,624.14 as a primary target for the next wave. Continued strength above the prior corrective channel would reinforce the bullish scenario and support the path higher. How traders might approach this move - Minor pullbacks should be viewed as potential high-probability re-entry opportunities for longs: short, shallow corrections can reset local indicators while the primary trend stays bullish. - Confirmation is important — look for sustained trading above the flipped channel and clear momentum signals before committing size. Range sweep, liquidity and local setups - Analyst Lennaert Snyder notes that Ethereum recently swept the range high and liquidity region near its all-time highs, then bounced after testing the extremes of the range — a sign buyers are defending critical levels. - Given the aggressive prior move, Snyder cautions traders to wait for cleaner directional signals rather than chasing volatility in local setups. Risk-management levels to watch - Short-side hedge ideas could be considered around places where liquidity was captured during the sweep; Snyder calls out a 50% wick-fill level near $2,110 as an area that could present shorting opportunities if a bearish market structure (MSB) forms. - Ethereum also left a notable Fair Value Gap during the surge, with the 50% level of that FVG near ~$1,970. A retest of this gap, followed by a reversal, may offer a favorable long-entry zone for traders looking to accumulate. Bottom line Ethereum’s flip of the corrective channel has put an impulsive bullish scenario back on the table, with clear extension targets and actionable levels to monitor. Traders should wait for confirmation above the previous structure, keep an eye on key support and liquidity zones, and manage risk around the highlighted levels as the next leg up takes shape. Read more AI-generated news on: undefined/news