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XLM $0.2079 +7.10%
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The U.S. Treasury Department has sanctioned four Iranian cryptocurrency exchanges and several executives, accusing them of assisting in evading sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added Iran's largest cryptocurrency exchange Nobitex, as well as three Iranian cryptocurrency exchanges Wallex, Bitpin, and Ramzinex, to its sanctions list, and imposed sanctions on Nobitex's chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and several co-founders and executives.The U.S. Treasury accused Nobitex of processing over 50% of Iran's cryptocurrency inflows in 2025 and providing support for transactions related to the Islamic Revolutionary Guard Corps (IRGC), ransomware organizations, and sanction evasion activities. It also assisted the Central Bank of Iran in obtaining hundreds of millions of dollars in stablecoin funding. U.S. officials stated that after U.S. military actions against Iran, Nobitex helped transfer and protect the assets of the Iranian regime.In addition, the Treasury stated that Iran's second-largest cryptocurrency exchange Wallex, as well as Bitpin and Ramzinex, were also found to have links to transactions related to the IRGC. Among them, Wallex received about 12% of Iran's cryptocurrency inflows in 2025, Bitpin accounted for about 10%, while Ramzinex, established in 2018, has processed over $2.45 billion in transactions.This action is part of the Trump administration's "Economic Fury" strategy to exert maximum pressure on Iran. The U.S. Treasury stated that it will continue to combat Iran's use of digital assets for terrorist financing and sanction evasion and reserves the right to impose secondary sanctions on foreign financial institutions and companies that assist Iran's illegal trade.

Tria launches Season 3 event, introducing points and blind box unlocking mechanism

The new cryptocurrency bank and non-custodial financial application Tria officially announced the launch of Season 3 activities, introducing a brand new framework for earning points and unlocking rewards for users. Users can earn Tria points through card spending, futures trading, referring friends, and first-time product interactions. Accumulating points to reach specific thresholds will unlock blind boxes ranging from entry-level to legendary and even hidden infinite levels, and the unlocking process will not consume existing points. All blind boxes will be opened at the end of each month starting from August 31, with rewards including cash back, travel points, ecosystem rewards, and exclusive Tria equity lottery qualifications for higher tiers.In addition, this season has simultaneously upgraded the referral and cash back system. Referral levels will strictly promote between bronze, silver, and gold based on the number of active users invited; the credit card cash back mechanism has clarified the monthly limit, and spending beyond the limit can still earn cash back at the base rate. The platform is currently offering a limited-time free virtual card service. The official revealed that Tria plans to gradually launch new functional modules during Season 3, including Tria Travel (travel and real-life experiences), trading competitions, trader VIP badges, and fiat currency withdrawal and recharge.

a16z Crypto: The prediction market still needs to solve the problems of manipulation risks and information bias

a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of the probabilities of future events. Unlike traditional polls, prediction markets have the ability to update in real-time and incentivize participants to bet their capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are used not only by companies for product launches and research experiment forecasts but also by the media as a source of "crowd wisdom," covering a wide range of events from geopolitical issues to AI model performance. Its core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements. However, prediction markets still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks.a16z believes that if these issues are resolved, prediction markets are expected to become important tools for decision-making and information aggregation, expanding financial and societal insights into future events.
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