Odaily Planet Daily reports that due to the spread of protests within Iran and the Rial exchange rate falling to a historic low, the Iranian government implemented a nationwide internet shutdown today, disrupting transactions for approximately 7 million cryptocurrency users.
TRM Labs data shows that from January to July 2025, the total cryptocurrency liquidity within Iran was about $3.7 billion. In the current offline environment, Hunter Horsley, CEO of Bitwise, suggests using Bitcoin as a store of wealth. Currently feasible offline trading solutions include: Starlink satellite internet, which has been activated domestically and can provide high-speed connectivity; and the Blockstream satellite network, which supports broadcasting Bitcoin data globally.
Additionally, Bitchat, a decentralized communication service based on Bluetooth mesh networks, has been downloaded over 1.4 million times since its release, supporting the transfer of transaction data between phones. The Darkwire project, developed by Cyb3r17, uses long-distance radio technology to create mesh networks capable of transmitting Bitcoin transactions without internet access. South African developer Kgothatso Ngako’s Machankura supports users in sending and receiving Bitcoin via telecommunications networks rather than the internet. The above offline solutions still ultimately require connected devices to upload transactions to the blockchain for confirmation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin is negatively correlated with the global easing breadth index; this week, ETFs recorded their largest net inflow since February
The negative correlation between Bitcoin and global central bank monetary policy suggests that institutional capital has already positioned itself ahead of a potential easing cycle. In the recent spot ETF net inflows have hit a new high, but the market remains choppy and unstable, with weak demand. Corporate allocation has slowed, volatility in the options market has increased, and traders are more inclined to add downside protection.
GateNews12m ago
U.S.-listed company Hyperscale Data increases its Bitcoin holdings to 639.2135 BTC
Hyperscale Data announced that its Bitcoin holdings increased to 639.2135 BTC, with a total market value of approximately $44.1 million. Its subsidiary Sentinum holds 591.3761 BTC, ACG acquired 47.1935 BTC, and the overall asset value exceeds $100 million.
GateNews12m ago
Why Michael Saylor's bitcoin buys aren’t moving the needle anymore
Strategy (MSTR) purchased 4,871 BTC for $330 million, yet large buys often don't influence Bitcoin's market, with prices sometimes dropping. MSTR's impact is minimal compared to long-term holders and broader market dynamics, which show significant capital outflows.
CoinDesk17m ago
Peter Schiff: If Bitcoin falls to $10k by the end of 2026, it’s still the best-performing asset over the next decade
Gate News message, April 7, gold supporter Peter Schiff posted, saying that assuming Bitcoin drops to $10k by the end of 2026, it will still be the best-performing asset of the next decade. Schiff said he is sure Michael Saylor will rely on this to keep pushing up the price of Bitcoin and issue more shares to buy Bitcoin. But a 92% drop will make it the worst-performing investment for most long-term holders.
GateNews28m ago
Bitcoin has been trading in a range for two consecutive months, with prices fluctuating between $62k and $75k.
Bitcoin has been trading in a two-month range continuously since April 7. In the recent period, the price’s high was between $72k and $75k, and the low was between $62k and $65k. Overall, the market is still consolidating; open interest remains steady at about $16.7 billion, and the funding rate has returned to a neutral range. Sentiment in the options market is stable: call options have risen to 47%, but there is still hedging against short-term downside risk.
GateNews42m ago
