Fresh U.S. and Israeli strikes on Iran have drawn new attention to a financial network Tehran has built in parallel to its battered banking system: bitcoin mining and a fast-growing stablecoin economy.

Iran legalized crypto mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank. Bitcoin has served as a tool for paying for imports and settling trade outside the dollar system, even if indirectly.

Estimates in recent years have put Iran’s share of global bitcoin mining power between 2% and 5%, though much of the activity operates out of public view.

Blockchain analytics firm Chainalysis found that Iran’s crypto ecosystem reached $7.78 billion in 2025, growing faster than the year before. That figure is as large as the GDP of some smaller countries such as the Maldives, or Liechtenstein.

Activity often spiked around military clashes and domestic unrest, including last year’s 12-day conflict with Israel, according to Chainalysis.

The Islamic Revolutionary Guard Corps (IRGC), the primary branch of the country’s military, has since deepened its role in the space. Chainalysis estimates IRGC-linked addresses accounted for more than 50% of total Iranian crypto inflows in the fourth quarter of 2025, with over $3 billion in value received last year.

Those figures reflect only wallets publicly tied to sanctions listings, suggesting the true footprint may be larger.

Adoption mechanics

Stablecoins also play a key role.

Separate analysis by Elliptic found Iran’s central bank accumulated at least $507 million in USDT in 2025, likely to steady the rial and finance trade. That effort has mostly failed, with data showing that the rial has lost more than 96% of its value against the USD.

At the same time, ordinary Iranians have turned to bitcoin. During recent protests and an internet blackout, withdrawals from local exchanges to personal wallets rose sharply.

Read more: Iran’s rial collapse mirrors Lebanon’s crisis, driving citizens to bitcoin

If conflict disrupts power grids, mining output could dip in the short term. The Iranian state is believed to be mining BTC at around $1,300 per coin, which it then sells at current market prices. It’s unclear whether the state has maintained any bitcoin reserves, as there is no treasury dashboard and no official disclosure of holdings.

In practice, mining turns cheap domestic energy into an asset that can move across borders. A licensed miner mints new bitcoin and then sends them to the central bank of Iran. The bank can then transfer it to an overseas counterparty to pay for machinery, fuel or consumer goods without routing funds through U.S.-controlled banks.

While the transactions settle on a public blockchain, the counterparties can remain opaque.

The same pattern appears in stablecoins. USDT, which is pegged to the dollar, has become a standard settlement tool in sanctioned economies because it offers price stability and faster transfers than bitcoin.

However, it’s not always easy to hide such transactions. Crypto exchange Binance recently found itself embroiled in accusations that it fired investigators who raised concerns about funds moving through the exchange to sanctioned, Iran-linked entities. This led to nine U.S. Senate Democrats asking the Treasury and DOJ to probe Binance’s illicit finance controls.

Geopolitical risks

Chainalysis data shows that Iranian crypto activity correlates with political flashpoints, including missile exchanges and internal protests. During periods of unrest, exchange outflows rise as users pull funds into private wallets.

For the IRGC, crypto offers another channel to move value across its network of affiliates and commercial fronts. Chainalysis reported that inflows to IRGC-linked addresses totaled $2 billion in 2024 and exceeded $3 billion in 2025.

The renewed military campaign, which has seen the IRGC retaliate against U.S. bases in various countries in the Middle East, adds fresh risk to this system. Large mining operations require steady power. Iran has imposed seasonal bans in the past to ease strain on the grid.

A sustained conflict that damages infrastructure could reduce the hash rate or mining capacity tied to the country, though the global bitcoin network would likely adjust over time as miners elsewhere pick up the slack.

TLDR:

• OranjeBTC says repeated Instagram suspensions disrupt official investor communication and financial education efforts.
• The company attributes the removals to automated moderation rather than policy violations.
• CEO Gui Gomes appealed directly to Meta for a formal review and clarity.
• The case highlights friction between crypto education and social media enforcement systems.

Latin America’s largest Bitcoin treasury company has again lost access to its main social media channel. OranjeBTC confirmed that Instagram suspended its account for the third time without a clear explanation. 

The company says it relies on the platform to reach more than 8,000 investors with financial education content. The incident raises questions about how automated moderation treats crypto-related communication.

OranjeBTC Reports Repeated Instagram Suspensions

OranjeBTC announced the latest suspension through its official X account, calling the action an apparent algorithm mistake. 

The firm described Instagram as its primary channel for corporate updates and financial education. It said the account had no history of policy violations tied to harmful or misleading content.

The company explained that its posts focus on Bitcoin, finance, and public company disclosures. It stressed that the material is educational and intended for a growing investor base. OranjeBTC added that the repeated removals have disrupted routine communication with shareholders.

According to the company’s statement, the suspension occurred without prior warning or detailed justification. The firm asked for a formal review and clearer guidance from the platform. It also appealed to the broader crypto community to amplify the issue and seek visibility.

Chief executive Gui Gomes publicly addressed the situation on X. 

Gui Gomes said the company uses Instagram as an official investor channel and not for promotion. He suggested the incident reflects automated moderation limits rather than deliberate enforcement.

Instagram Algorithm Errors Trigger Appeal to Meta for Review

Gomes directly tagged Meta in his post, asking for human review of the suspension. He argued that financial education about Bitcoin should not be treated as policy risk. His message emphasized the company’s role as a regulated public firm in Brazil.

The executive said this was the third attempt to restore the account after previous removals. 

He framed the issue as part of a wider problem facing crypto educators on social platforms. Similar complaints have surfaced from other digital asset firms that rely on automated moderation systems.

OranjeBTC stated that its Instagram content avoids investment advice and focuses on awareness of Bitcoin and corporate developments. 

The firm said it follows transparency standards required of public companies. It also said the account exists to serve investors, not attract speculative trading.

The company urged platform operators to improve clarity around enforcement rules. It maintained that repeated suspensions undermine trust in digital communication channels used by financial firms. 

OranjeBTC said it will continue building its presence while waiting for a response from Instagram.

You can’t have missed the stablecoin vibe. While bitcoin BTC$65,460.55 and the rest of the crypto market are in the doldrums after falling from record highs in October, everyone else is talking about issuing tokens whose value is fixed, pegged to a real-world asset. Mostly the dollar.

Not only the dollar, of course. This week alone, AllUnity, a German joint venture between DWS, Galaxy, and Flow Trader, issued a Swiss franc-based token (CHFAU) and SBI Holdings and Startale Group introduced a yen version (JPYSC). Earlier this month, Agant said it’s working on a pound stablecoin, and Hong Kong said it plans to start handing out stablecoin licenses in March.

Then there’s the revelation that Mark Zuckerberg-led Meta (META) is looking to add stablecoin-based payment capabilities early in the second half of the year. The company famously tried and failed to introduce the Libra stablecoin, renamed Diem in 2019, in the face of stiff opposition from lawmakers and regulators.

But Meta’s proposed return to stablecoin-based payments later this year bears little comparison with Libra/Diem, according to the co-creator of Libra, Christian Catalini, who is now a professor at MIT and the founder of the MIT Cryptoeconomics Lab.

What’s different now, says Catalini, is that stablecoins are fading into the background, offered by multiple providers and becoming part of the payments infrastructure. The once-hyped businesses of stablecoin issuance and orchestration, or the coordination of payments across different blockchains and conversion between token and fiat for payment purposes, are becoming a commodity, he 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,” Catalini said in an interview with CoinDesk. “So I would expect the market to be commodified in the future, rather than a branded stablecoin. In a sense, it’s a sign that the market has matured.”

This sentiment was also voiced by Meta’s VP of communications, Andy Stone, who said the move to bring stablecoin payments back was simply “about enabling people and businesses to make payments on our platforms using their preferred method.”

Billions of users

The real competitive advantage in stablecoins, the moat that holds competitors at bay, now lies in distribution, said Catalini. Whoever owns the direct relationship with the end user will capture the most value. And Meta has billions of users across Facebook, WhatsApp and Instagram, almost 3.6 billion according to its most recent earnings report.

The focus on contacts and reach is a marked change from accruing value by delivering stablecoins to a wallet, or going from fiat to crypto and then back to fiat — the so-called stablecoin sandwich required for regular payment transactions.

This change has started to play out recently, with news about companies walking away from acquiring stablecoin orchestration companies.

It’s also good news for incumbents such as the card networks, fintechs, neobanks and some wallet firms who have an advantage because they actually own the touch point with the end user, Catalini pointed out. Stablecoin payments threaten to cut the lucrative interchange fees payment networks like Visa and Mastercard claim, but the card networks have a significant advantage when it comes to distribution.

“If [the 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.”

Also in the fray is Stripe, Meta’s long-time payment partner whose CEO Patrick Collison joined Meta’s board of directors a year ago and is a potential vendor that Meta might enlist for its stablecoin project.

The payments giant’s aggressive crypto power plays are not to be underestimated: Stripe bought stablecoin specialist Bridge for $1.1 billion last year, and has built its own blockchain called Tempo.

Still, Catalini questioned whether other firms will flock to a competitor’s blockchain, even if it’s purportedly a public network.

“If you are another big payment service provider, would you want to build on Stripe’s Tempo? Probably not,” Catalini said. “It goes back to the key challenge of making these networks truly open and neutral, which is the entire point of crypto. But of course, it’s a hard one to actually deliver on from a practical perspective, unless you’re building on something already established like Ethereum, Bitcoin, or Solana.”

A bipartisan group of 11 United States senators has pressed federal authorities to scrutinize Binance’s compliance with sanctions and anti-money-laundering rules, citing escalating public scrutiny and a string of contentious reports. In a letter addressed to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, the lawmakers urged an expedited and thorough assessment of the exchange’s controls and its handling of prior settlement commitments reached in 2023. The missive highlights claims that roughly $1.7 billion in digital assets potentially flowed to Iranian entities tied to terrorism, and points to investigations into Iranian-based accounts and possible evasion of Russian sanctions. The document also notes claims that Binance’s internal responders who flagged suspicious activity faced dismissal, and that law-enforcement agencies have observed a downturn in cooperation from the firm on customer information requests.

Key takeaways

• Eleven U.S. senators asked multiple federal agencies to conduct a prompt, comprehensive review of Binance’s sanctions-and-AML controls and adherence to 2023 settlement terms.
• The letter references allegations of about $1.7 billion in digital-asset flows linked to Iranian entities tied to terrorism, including groups connected to the Houthis and the Islamic Revolutionary Guard Corps.
• Investigators reportedly identified more than 1,500 accounts accessed by users in Iran and possible activity aimed at evading Russian sanctions.
• According to the letter, some Binance staff who flagged suspicious transactions were dismissed, and law-enforcement agencies indicated Binance had become less cooperative in providing customer information.
• Senators warned that newer Binance products, such as payment cards in parts of the former Soviet Union and partnerships tied to stablecoin initiatives, could enable sanctions evasion.

Sentiment: Neutral

Market context: The escalation comes amid growing regulatory focus on exchange compliance and wider scrutiny of sanctions enforcement in crypto markets, with policymakers seeking clearer accountability for cross-border transactions and the robustness of AML controls during periods of heightened geopolitical risk.

Why it matters

The episode underscores the central role of major exchanges in economic sanctions enforcement and the delicate balance between fostering innovation and ensuring lawful conduct. As policymakers scrutinize Binance’s checks and balances, questions about transparency, information sharing with authorities, and the efficacy of enforcement mechanisms come to the fore. The stakes extend beyond one platform: they touch on the credibility of sanctions regimes in the digital asset era and the capacity of regulators to monitor rapidly evolving products, such as payments-linked services and stablecoin-related ventures, that could potentially be exploited for evading sanctions.

The discussions also spotlight the tension between operational secrecy in risk controls and the public interest in accountability. Binance has repeatedly faced questions about how it flags suspicious activity and how it collaborates with law enforcement. The senators’ letter maintains that a rigorous review is warranted not only to evaluate past settlements but to assess how future models—especially card-based products and cross-border partnerships—fit within the existing regulatory framework. In parallel, congressional inquiries have sought documents and internal records related to the exchange’s sanctions controls, signaling a broader push to obtain a clearer image of internal governance at a high-profile crypto venue.

What to watch next

• By March 13, agencies are asked to report on steps taken to examine Binance’s conduct, including the effectiveness of its sanctions controls.
• A congressional inquiry into Binance’s sanctions practices, led by Senator Blumenthal, is expected to yield new documents and testimony from the firm’s leadership.
• Regulators and prosecutors may press Binance for deeper disclosures around past settlements and the handling of suspicious activity reports.
• The exchange’s cooperation with investigators and its stance on Iranian-user activity will be tested as media coverage continues to surface conflicting narratives.
• Market participants will watch for regulatory signals that could shape the adoption and design of crypto-sanctions regimes, especially concerning new products and stablecoins tied to cross-border payments.

Sources & verification

• The letter from 11 senators to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi requesting review of Binance’s sanctions controls: https://www.vanhollen.senate.gov/imo/media/doc/cvh_bessent_bondi_ltr_binance.pdf
• Binance denial of Iran-linked transaction allegations and assertion of cooperation with authorities, as reported to Cointelegraph: https://cointelegraph.com/news/binance-denies-iran-sanctions-report-fortune
• Senator Richard Blumenthal’s congressional inquiry into Binance, including a request for documents related to sanctions controls: https://cointelegraph.com/news/us-senator-probes-binance-iran-russia-sanctions
• Binance CEO’s response to coverage of Iran-related activity and criticisms of a Wall Street Journal report: https://cointelegraph.com/news/binance-ceo-legal-action-report-iranian-entities

Market reaction and key details

Regulators and lawmakers appear intent on mapping Binance’s risk controls against a backdrop of continued scrutiny of the broader crypto ecosystem. While Binance has touted its compliance efforts and stated that it does not permit Iranian users, public narratives surrounding these allegations continue to prompt questions about due diligence, cooperation with law enforcement, and the ability of large exchanges to detect and deter sanctioned activity. The dynamic highlights the ongoing tension between enterprise-level risk management and regulatory expectations as the crypto market seeks clarity on governance and accountability in a landscape that remains highly scrutinized by policymakers worldwide.

Why it matters

The episode reinforces the critical importance of robust sanctions-compliance infrastructures within major crypto platforms. As policymakers seek to close perceived gaps in enforcement and as new product lines expand cross-border capabilities, exchanges face intensified demands for auditable controls and transparent reporting. For users and investors, the developments illustrate the evolving regulatory environment that shapes how digital assets are traded, settled, and monitored for illicit activity. For builders and auditors, there is a clear signal that governance frameworks, risk controls, and cooperative compliance partnerships will be central to sustaining trust in a market that remains under close regulatory watch.

What to watch next

• Potential disclosures from Binance about internal governance, risk controls, and staff retention practices related to compliance investigations.
• Follow-up statements from the agencies expected to participate in the review and any public briefing on sanctions enforcement in crypto across the sector.
• Regulatory guidance or formal actions that could reshape product launches, especially in regions where new payment-card-type offerings are being rolled out.

US Senator Chris Murphy has announced plans to introduce legislation banning prediction markets he described as “corrupt and destabilizing” platforms.

In a February 27 statement, the Connecticut Democrat lawmaker argued that insiders with advanced knowledge of geopolitical events exploit these markets for personal financial gain.

Lawmaker’s Push to Ban Prediction Markets Draws Industry Fire

His announcement builds on concerns he voiced earlier this year regarding the commodification of real-world tragedies.

To illustrate his point, Murphy shared a screenshot of Polymarket betting odds related to military strikes involving Israel and Gaza, noting that the odds shifted amid escalating real-world tensions.

Industry experts, however, say the senator’s proposal conflates heavily regulated domestic exchanges with offshore platforms that the United States has already barred from operating.

Tarek Mansour, co-founder of the federally regulated domestic prediction market Kalshi, directly challenged the senator’s premise.

“Senator, regulated prediction markets are not allowed to do war markets. The market you’re posting is unregulated and offshore,” Mansour stated.

The Commodity Futures Trading Commission (CFTC) strictly prohibits onshore prediction markets from listing derivatives contracts involving terrorism, assassination, or war. These rules also extend to any other activities deemed contrary to the public interest.

Industry advocates argue Murphy is using illegal offshore markets to justify a blanket ban on domestic exchanges that already follow strict regulations to prevent those scenarios.

Adam Cochran, a prominent finance and cryptocurrency analyst, echoed Mansour’s sentiments. Cochran emphasized that offshore platforms offering services to US customers already face aggressive CFTC enforcement actions.

Furthermore, he added that domestic prediction markets operate under rigorous federal oversight specifically designed to prevent the insider trading Murphy aims to stop.

Meanwhile, Murphy’s potential legislative efforts align with the broader regulatory efforts to curb insider trading within the fast-rising prediction market space.

In January, U.S. Rep. Ritchie Torres, D-N.Y., introduced a new bill. The legislation is a targeted ethics measure designed to prevent covered government officials and elected representatives from trading in prediction markets using nonpublic information.

TLDR:

• INJ is down roughly 95% from its macro high and now trades near the $2.70–$1.70 HTF accumulation zone.
  
• A high-timeframe fair value gap is active at current price levels, signaling a potential re-accumulation structure forming.
  
• The previous cycle saw INJ rally approximately 4,619% from a similar deep corrective and accumulation base phase.
  
• Analysts set bull market expansion targets at $80 and $200, with strict invalidation placed at a close below $1.10.

INJ is drawing renewed attention after declining approximately 95% from its macro cycle high. The token is currently trading near $2.96, placing it within a high-timeframe fair value gap.

Market participants are watching this zone closely as a critical accumulation area. The current price structure closely mirrors conditions that preceded a historic 4,619% rally.

Whether history repeats itself depends entirely on key technical levels holding firm on higher timeframes.

Technical Structure Suggests Re-Accumulation Phase Forming

INJ is presently trading inside a high-timeframe fair value gap following a prolonged corrective move. This imbalance zone is being monitored as a primary demand and absorption area by technical analysts.

The price range between $2.70 and $1.70 represents the active HTF accumulation zone for the asset. Continued demand within this range is drawing attention from traders tracking the longer-term structure.

A multi-year descending resistance trendline compression is also forming alongside current price action. Volatility has contracted noticeably, a condition that often comes before a strong expansion move.

Furthermore, a rounded base formation is developing within the imbalance zone at present levels. These combined technical conditions point toward a potential breakout setup building around current price.

Crypto analyst CryptoPatel shared a detailed breakdown of the setup on social media, stating that INJ is “trading inside a HTF FVG after a ~95% corrective move from its macro high.”

The structure is framed as an accumulation versus invalidation zone. The setup remains constructive as long as INJ holds above $1.10 on a high-timeframe close basis. A breach of that level would serve as strict invalidation for the entire thesis.

Historical Precedent and Macro Expansion Targets Under the Microscope

The 2023–2024 cycle for INJ delivered an impulsive rally of approximately 4,619% from its accumulation base. That advance followed a deep corrective phase before the asset moved into a parabolic expansion.

The current market structure bears a close resemblance to the conditions that preceded that historic move. As a result, analysts are drawing direct parallels between the two market cycles.

The 2024–2026 correction has since brought INJ down roughly 95% from its peak. This decline has repositioned the price back into what technicians describe as a re-accumulation phase.

The zone between $2.70 and $1.70 continues to serve as the primary area for order flow absorption. Meanwhile, the sub-$1.10 region is identified as a secondary demand zone if price invalidates the current setup.

Bull market expansion targets outlined in the analysis point to $80, followed by a macro projection of $200. These targets are contingent on INJ maintaining  its technical structure above current support.

A high-timeframe close below $1.10 would fully negate the re-accumulation thesis. Until then, the setup remains one closely watched by technical traders and market observers alike.

Buterin proposes replacing consensus-layer BLS signatures with hash-based schemes, such as Winternitz variants.

Ethereum co-founder Vitalik Buterin has shared a quantum resistance roadmap for the ecosystem.

This follows the identification of post-quantum readiness as a critical consideration across several areas of development.

Quantum Security Upgrades

In a post shared on social media, Buterin outlined specific parts of the network that could face vulnerabilities from advances in quantum computing, including consensus-layer BLS signatures, data availability systems using KZG commitments and proofs, externally owned account signatures based on ECDSA, and application-layer zero-knowledge proofs such as KZG or Groth16.

He went on to propose technical approaches to address these risk areas as part of a quantum resistance roadmap. For example, he suggested strengthening consensus-layer security by swapping BLS signatures for hash-based options like Winternitz variants, while using STARK-based aggregation to enable quick verification.

Buterin explained that this is because the transition toward lean consensus and finality could reduce the number of required signatures per slot, potentially eliminating the need for aggregation in early stages.

As part of this process, the network would also need to choose a long-term hashing method, selecting from several available options to ensure strong, reliable security in the future.

The Ethereum developer also suggested changing how the protocol stores and shares data across the system by introducing a newer method that is designed to improve long-term security. However, he noted that this adjustment would require additional technical work to handle larger verification processes.

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Protocol-Level Adjustments

For externally owned accounts, Buterin wants to introduce native account abstraction through EIP-8141, a change that would allow them to support multiple signature methods, including those designed to withstand quantum threats.

Current ECDSA signature verification costs about 3000 gas, while quantum-resistant alternatives are far more resource-intensive and could require around 200,000 gas. Despite being expensive, he believes that ongoing improvements are expected to make them more efficient.

Additionally, the protocol plans to use aggregation techniques that combine many signatures into a single verification step in the long term to reduce the overall network load.

The roadmap also discusses proof systems, which play a role in validating transactions and applications on Ethereum. Similarly, while existing ZK-SNARK verifications are relatively efficient, quantum-resistant STARK proofs come with much higher costs.

To address this, he outlined a solution under EIP-8141 that would allow multiple transaction checks to be bundled and verified through a single proof before reaching the blockchain, reducing on-chain computation and improving scalability.

Last month, the Ethereum Foundation announced that the ecosystem’s next phase will prioritize expanding network capacity while maintaining long-term security and resilience.

TLDR:

• Bitcoin dropped 48% from ~$126K in Oct 2025, now trading near $66K amid heavy negative sentiment.
• U.S. holds 328,372 BTC in its Strategic Reserve; states like Texas, Arizona, New Hampshire joined in.
• Institutions absorbed ~697K BTC in 2025, over 4x the ~164K BTC produced post-halving that year.
• Only ~3.02M BTC remain on exchanges; ETFs and Strategy alone control ~1.97M of that supply.

Bitcoin is trading near $66,000, down roughly 48% from its October 2025 peak of approximately $126,000. Sentiment across crypto markets has turned sharply negative. 

Headlines suggest the rally is finished and the momentum has faded. But a closer look at who owns Bitcoin tells a very different story.

Sovereign Governments and Institutions Are Buying Bitcoin at Record Levels

The United States now holds 328,372 BTC in its Strategic Bitcoin Reserve. Texas has gained exposure through a Bitcoin ETF. New Hampshire and Arizona have both passed reserve legislation. More states are moving toward similar positions.

Internationally, Abu Dhabi’s sovereign wealth fund Mubadala disclosed a significant Bitcoin ETF position. That marks a notable shift. Sovereign capital is no longer observing from the outside.

Corporate treasuries have accelerated alongside government buying. Strategy alone holds approximately 713,000 BTC. Institutions absorbed roughly 697,000 BTC throughout 2025, according to available data.

Post-halving, Bitcoin produces only about 164,000 new coins per year. That means institutional demand in 2025 ran at more than four times the rate of new supply.

Bitcoin’s Tradeable Supply Is Shrinking as Strong Hands Absorb the Float

Approximately 20 million BTC have been mined to date. Only about 3.02 million currently sit on exchanges. That is the pool available for active trading.

ETFs hold roughly 1.26 million BTC. Strategy holds around 713,000 BTC. Combined, those two categories control approximately 1.97 million BTC. That figure represents close to two-thirds of current exchange supply.

Bitcoin is not priced on total coins in existence. It clears on the small fraction still available to buy. That available fraction keeps contracting.

Price reflects fear. Supply structure reflects absorption. The divergence between those two signals is growing wider, not narrower.

Post shared by analyst David on X, framing it as an ownership shift story rather than a price story. The data support that framing. Buyers are not retail traders chasing momentum. They are governments and institutions with long holding horizons.

When scarce assets migrate to holders who do not face selling pressure, price dynamics change. The margin where Bitcoin actually trades keeps getting thinner.

TLDR:

• Ethereum is testing a major five-year high-volume node between $1,850 and $2,000 on the monthly chart.
  
• The latest monthly candle prints a long lower wick, signaling active defense by larger market participants.
  
• ETH structure remains heavy with lower highs from $4,000, keeping resistance firm between $2,700 and $3,600.
  
• On-chain transaction data mirrors the 2017 cycle pattern, which preceded a sustained one-year bull market run.

Ethereum is at a critical inflection point after tapping a major five-year volume node on the monthly chart. The asset was trading at $1,901.69 as of writing, down 2.09% in the last 24 hours.

The seven-day decline stands at 4.33%, with trading volume at $20.23 billion. Market participants are closely watching this zone. The monthly reaction here is expected to define the next multi-month directional move for ETH.

Ethereum Price Taps Key Demand Zone With Long Lower Wick on Monthly Chart

Ethereum at a critical inflection point means price is now testing the $1,850–$2,000 high-volume node on the monthly timeframe.

This zone has drawn heavy market participation over the past five years. Large positions were historically built here, giving it structural demand characteristics rather than acting as a random support level.

Analyst Bitcoinsensus noted that the latest monthly candle prints a long lower wick within this region. That pattern reflects aggressive buying activity below the support area. It suggests that larger participants are actively absorbing sell pressure and defending the zone.

However, a wick alone reflects reaction, not a confirmed reversal. The broader structure still carries weight from above, showing a pattern of lower highs from the $4,000+ region. ETH continues to trade beneath prior range resistance between $2,700 and $3,600.

Until momentum shifts and price reclaims the mid-range area, downside risk cannot be ruled out. A confirmed hold above $1,850 on a monthly close would support a move toward $2,700. From there, an expansion toward $3,300–$3,600 becomes the next area of interest.

On-Chain Transaction Data Draws Parallel to Ethereum’s 2017 Market Cycle

On-chain analyst CW8900 observed that Ethereum transaction activity is mirroring patterns seen during the 2017 cycle.

That period saw an explosive rise in ETH transactions, followed by a sharp decline. The correction eventually gave way to a roughly one-year bull market run.

The current setup shows a similar sequence. After a surge in transaction activity, ETH has experienced a notable price pullback. This parallel is drawing attention from analysts who monitor long-term cycle behavior on-chain.

Source: Cryptoquant

If history follows a similar path, the next phase could bring renewed bullish momentum for Ethereum. That said, historical patterns serve only as reference points.

Market structure and macro conditions today differ from those in 2017 in meaningful ways.

For now, Ethereum remains at a macro decision point. Acceptance below $1,850 on a monthly close would open the path toward the $1,500 level relatively quickly.

The price action over the coming weeks will be essential in confirming which direction the market commits to from this key zone.

TLDR:

• PYUSDx allows developers to launch application-specific stablecoins backed by PayPal USD without building full issuance systems.
• The platform combines MoonPay distribution tools with M0’s token framework for faster stablecoin deployment.
• PYUSDx tokens remain separate from PayPal and Paxos products and cannot be used inside PayPal or Venmo apps.
• USD.ai is the first project using PYUSDx to power a stablecoin designed for AI infrastructure payments.

Thestablecoin market is shifting toward tokens built for specific apps and ecosystems. MoonPay, M0, and PayPal have introduced PYUSDx as new infrastructure for issuing application-focused stablecoins. 

The platform connects PayPal USD with developer tools designed for faster deployment. The move reflects rising demand for branded stablecoins that avoid complex back-end setup.

PYUSDx platform targets application-specific stablecoin growth

PYUSDx allows developers to create their own stablecoins backed by PayPal USD without building full issuance systems. The platform combines M0’s token framework with MoonPay’s distribution infrastructure.

According to a joint announcement from MoonPay and M0, the goal is to shorten launch timelines from months to days. Developers can issue branded tokens tied directly to PYUSD reserves.

The companies pointed to data showing a sharp increase in new stablecoins exceeding $10 million in supply during 2025. That trend signals growing interest in application-level monetary systems.

PayPal described the initiative as part of a broader shift toward building financial tools directly inside apps. PYUSDx supports this approach by offering a standardized base layer for developers.

The framework also aims to reduce regulatory and operational complexity. PYUSD itself is issued by Paxos Trust Company, giving the backing asset a regulated foundation.

How PYUSDx connects developers to PayPal USD liquidity

PYUSDx functions as a tokenization and issuance framework operated by MoonPay Digital Assets Limited. It enables third parties to create new stablecoins that remain fully backed by PayPal USD.

The platform supports cross-chain compatibility through M0’s ecosystem. Developers can deploy tokens across multiple blockchain networks using the same underlying reserve asset.

Reserve transparency forms another core feature. PYUSDx includes on-chain reporting tools and validation processes designed to show backing assets clearly.

The first project building on PYUSDx is USD.ai. The company is developing a stablecoin for payments tied to AI infrastructure services.

Regulatory distinctions remain central to the rollout. PYUSDx tokens are not issued by PayPal or Paxos and do not function inside PayPal or Venmo accounts.

MoonPay stated that licensing and compliance depend on the jurisdiction where each token launches. Responsibility remains with each issuer using the framework.

The companies framed PYUSDx as infrastructure rather than a consumer product. Its purpose is to let developers focus on product design while relying on existing stablecoin rails.

By connecting branded tokens to PayPal USD liquidity, the platform seeks to streamline how applications integrate stablecoin payments and settlements.