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first_img The cryptocurrency trading volume in the Middle East and North Africa reached 350 billion USD, doubling compared to 2022

The latest report from the Bitcoin Policy Institute shows that due to the Iran conflict, the annual blockchain transaction volume in the Middle East and North Africa is expected to reach $350 billion in 2025-2026, more than three times the approximately $100 billion in 2022. The report points out that regional conflicts typically accelerate capital outflows, but the Iran conflict presents a different dynamic: an increasing amount of capital is shifting towards digital assets, highlighting the growing role of cryptocurrencies (especially Bitcoin) as a hedge against economic and geopolitical uncertainty.The report states that after the outbreak of the conflict, Bitcoin initially fell in sync with other risk assets, but then investors shifted from higher-risk cryptocurrencies to Bitcoin, raising its market capitalization share to a one-month high of 64.8%. In countries like Egypt, Turkey, Lebanon, and Iran, due to currency devaluation, more people are increasingly using Bitcoin and dollar-pegged stablecoins to preserve value. Meanwhile, Gulf countries like the UAE and Bahrain are attracting crypto firms and institutional investors by establishing regulatory frameworks.Chainalysis data also shows that after the US-Israel airstrikes from February 28 to March 2, approximately $10.3 million left Iranian crypto exchanges. The report believes that in countries suffering from sanctions, conflict, or currency instability, cryptocurrencies have become tools for preserving and transferring value outside the traditional financial system, while regulated Gulf markets continue to attract institutional capital.

first_img The Polish prosecutor's office has filed charges against the fifth suspect in the Zondacrypto case

According to CoinDesk, the Polish prosecutor's office has charged Roman Ż., a former business partner of the missing BitBay/Zondacrypto founder Sylwester Suszek, with two counts, including fraud.Roman Ż. was arrested last Saturday in the Silesia region of Poland, and his lawyer stated that he had assisted in managing the exchange before BitBay was renamed Zonda. Roman Ż. denies the charges and has provided a detailed statement to investigators, with police seizing valuable watches and documents related to Zondacrypto during the search.The prosecutor's office stated that the arrest was ordered due to concerns that Roman Ż. would flee upon learning of plans to travel to China, with his lawyer describing the trip as a business trip and stating that he held a return ticket for September 13. The court will decide whether to continue detaining Roman Ż. during the investigation.Previously, BitBay was renamed Zondacrypto in 2021, and the exchange ceased trading in April, following customer withdrawal freezes, with estimated losses of at least 35 million zlotys (approximately 9.4 million USD). The Estonian Financial Intelligence Unit partially suspended the license of the brand entity BB Trade Estonia OÜ. The Polish prosecutor's office has launched an investigation into suspected large-scale fraud and money laundering, receiving over 3,600 complaints as of June.The case is also related to Suszek's disappearance in March 2022, with the prosecutor's office merging the Zondacrypto investigation with the Suszek missing person case in August.

The Wall Street Journal: Former U.S. President Biden's son plans to launch the meme coin LAPTOP

According to the Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, named after his laptop incident, scheduled to go live on the Base network under Coinbase on September 9.The founding team of the project, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with that portion locked for 6 months and fully unlocked over two years; another 20% of the tokens will be airdropped in two batches to users who previously lost money on the Trump meme coin TRUMP, Hunter Biden's Substack subscribers and their friends, and users on the mailing list maintained by video journalist Andrew Callaghan; the remaining 20% will be used for charitable donations, liquidity, and distribution to exchange partners and market makers, as well as covering the accounting, legal, administrative, and compliance costs of the token foundation.It is reported that the founding team has also agreed on a destruction mechanism that includes 30 preset events; if the relevant events achieve the preset results within the designated time (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new historical high, LAPTOP's fully diluted valuation exceeding TRUMP, etc.), up to 30% of the token supply may be destroyed; if not achieved, the tokens will be donated to charitable organizations proportionally.The report notes that Hunter Biden has recently been frequently participating in podcasts, news programs, and writing Substack articles discussing his views on cryptocurrency, and has commented on the controversy between the Trump family's crypto project World Liberty Financial and Sun Yuchen.
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