🇮🇷 Iran expands use of cryptocurrencies in international trade

Iran has begun encouraging exporters to use cryptocurrencies and sell them on the open market to increase government revenue, according to the Financial Times.

Previously, authorities required businesses to sell currency through a state platform at the official rate, which was often significantly lower than the market rate, prompting companies to accumulate undeclared revenues exceeding $100 billion, the publication reports.

According to representatives of Iranian businesses, insiders, and analysts, in recent months the Central Bank of Iran has covertly encouraged companies to repatriate funds by any available means. This includes conducting cross-border transactions in Bitcoin and Tether's USDT stablecoin through Iranian crypto exchanges.

The Central Bank of Iran no longer asks how funds were transferred; receiving cryptocurrency for export goods is now fully legalized.

#HYPE > $90 = NEW ATH

Binance is embedding AI directly into its exchange and launching Binance Intelligence.

Binance AI will automatically identify important market movements and explain them, while AI Pro will let users describe a trading strategy in plain text, test it, and only then deploy it — with feature availability varying by region and jurisdiction.

ТHORChain refused to block funds linked to the Bitget hack.
The stolen crypto is already being converted into Bitcoin

Bitget asked the developers of THORChain, a protocol for exchanging cryptocurrencies across different blockchains, to block transactions involving addresses linked to the exchange hack. On September 24, crypto assets worth $387.5 million were stolen from Bitget and subsequently converted into ETH.

THORChain said it cannot selectively block individual addresses or transactions. The network’s shutdown mechanism is designed to protect the protocol as a whole, rather than block specific participants.

The protocol also pointed out that after its own $10.7 million hack in May, it did not block addresses associated with the attack. THORChain emphasized that it operates without centralized control over its users.

💱 According to on-chain analyst Lookonchain, at around 9:00 a.m. Moscow time, addresses linked to the hack began using THORChain to swap ETH for Bitcoin.

▪️ A similar situation was observed in February 2025, when cryptocurrency stolen from Bybit was laundered through Bitcoin and THORChain in the same way. At the time, experts said the hackers were laundering “$3 million per hour.”

Public keys associated with approximately 6.26 million BTC, or 31.2% of the total supply, are currently visible on-chain. These wallets are therefore potentially vulnerable to quantum attacks, according to Glassnode.

6.26M BTC, OR 31.2% OF SUPPLY, SITS BEHIND A PUBLIC KEY THAT IS ALREADY VISIBLE ON-CHAIN
Experts recommend switching wallets.

Thailand has approved the listing of the country’s first spot Bitcoin and Ethereum ETFs.

➤ New rules allowing cryptocurrency ETFs to be listed on the local stock exchange (SET) will take effect on October 16.

➤ Initially, only BTC and ETH ETFs are permitted. The funds must maintain an average net exposure of at least 80% to the respective cryptocurrency.

➤ Licensed custodians — Rakkar Digital and Orbix Custodian — will be allowed to hold the assets. The specific ETFs and their trading launch dates have not yet been announced.

PancakeSwap proposes increasing the share of fees paid to liquidity providers to 88% and cutting daily CAKE token emissions by 69%.