Articles
Neutral, dated analysis and explainers across Iran’s markets.
The List of Iran-Linked Crypto Exchanges Sanctioned by the US Has Reached Six; Aban Tether and Shelbit Added on Mordad 16
The US Treasury (OFAC) sanctioned two more Iran-linked crypto exchanges, Aban Tether and Shelbit, on Friday, Mordad 16, 1405 (August 7, 2026). The count of Iran-linked crypto exchanges under US sanctions since Khordad 12, 1405 has now reached six, up from four.
Bitcoin Stalls Near $64,500; Friday's US Jobs Report Set to Decide the Next Move
Bitcoin traded near $64,469 on the evening of Thursday, August 6, 2026, after two days of failed attempts to clear $65,000. The market is watching Friday's US jobs report, which could shift the odds of a September Fed rate hike and decide Bitcoin's next move. Iran's domestic Tether rate is trading at a similarly elevated level.
The Tether vs. Cash-Dollar Spread: A Signal That Matters More Than the Price Itself (Gap Near 39,000 Tomans, July 2026)
When the dollar hits records, a wave of retail buyers rushes into Tether. But professionals do not watch Tether's toman price. They read two spreads: Tether versus the free-market cash dollar, and the free dollar (around 190,000 tomans) versus the Exchange Center's "agreed" rate (near 150,900 tomans), a gap that reached about 39,000 tomans by Tuesday, 21 July 2026. This piece explains why the spread's direction and size matter more than the price.
Tether's Real Return After 83% Inflation: The Brutal 12-Month Math to July 2026
Over the twelve months to mid-July 2026, Tether roughly doubled Iranian holders' money (a nominal return near 117 to 121 percent). But after the central bank's 83 percent year-on-year inflation, its real gain shrank to about 18 percent. In the same window melted gold and the Emami coin returned more in real terms, while cash and bank deposits were heavy losers to inflation. A dated, brutal accounting.
Ethereum Unveils Four-Year Roadmap: Biggest Protocol Rebuild Since The Merge (Monday, July 6, 2026)
Vitalik Buterin unveiled the "Lean Ethereum" roadmap on Saturday, July 4, 2026: a three-to-four-year plan to cut transaction finality from 16 minutes to seconds and harden the network against quantum computers by 2029. Ether traded near $1,791 on Monday, July 6, up nearly 13% for the week.
