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US and Iran are holding indirect ceasefire talks. Iran proposed reopening the Strait of Hormuz and resuming nuclear talks if the US unfreezes assets, lifts oil sanctions, and ends port blockades. Middle East crude exports rebounded to ~80% of pre-war levels, though Hormuz transit remains at ~62%.

Crypto ETF Flows today:

  • $BTC: +$31.0M

  • $ETH: +$17.1M

  • $SOL: +$7.7M

  • $HYPE: $0.0M

Diplomatic progress and steady ETF inflows are keeping market sentiment well-supported!

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Here’s what we got for you today:

  • 👀 CEX vs DEX: Who really controls your crypto?

  • ⭐ Senate says Iran relied on $USDT

  • ⭐ Bitmine owns 6M+ $ETH. 5% next?

  • 🔥 Burning hot takes for the road

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10 Stocks at the Center of AI’s $1 Trillion Boom

AI’s growth story is much bigger than chatbots.

The market was already valued at an estimated $800 billion by late 2025, and continued adoption could push it beyond $1 trillion in the years ahead. That growth will require more data centers, computing power, software, networking and intelligent devices.

But the most obvious AI names may not be the only companies positioned to benefit.

MarketBeat’s free 10 Best AI Stocks to Own in 2026 report identifies ten publicly traded companies helping power the next phase of the AI buildout. Some are established leaders. Others occupy less obvious corners of the expanding AI ecosystem.

This free report names 10 stocks positioned to ride that wave before the rest of the market catches on.

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What happens to your crypto after you hit “Buy” on an exchange?

A CEX may show 1 $BTC ( ▲ 1.19% ) in your account, but if you don’t control the private keys, that BTC isn’t sitting in a wallet you own. That’s where “Not your keys, not your crypto” starts to matter.

In this beginner-friendly guide, we break down:

  • Why CEXs feel easier but require you to trust the exchange

  • How DEXs let you trade directly from your own wallet

  • How AI can help you compare exchanges and catch risky steps before you click

CEX vs. DEX isn’t really about picking a winner. It’s about knowing who controls your crypto when something goes wrong. 👇

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🚨 SENATE SAYS IRAN RELIED ON USDT. TETHER SAYS IT FROZE $550M

$USDT ( ▲ 0.01% ) is back at the center of a sanctions fight, but this time the numbers are hard to ignore.

A new 28-page investigation from Democratic staff on the Senate Permanent Subcommittee on Investigations, led by Sen. Richard Blumenthal, analyzed 846 crypto wallets sanctioned or blocked over links to Iran. Investigators said 87% of 757 wallets tied to alleged terrorism financing predominantly transacted in USDT.

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That doesn’t mean Tether itself financed those activities. The dispute is over how widely USDT was used and whether Tether acted quickly enough against flagged wallets.

1/ Why Iran reportedly prefers $USDT

The report argues that USDT has become useful inside Iranian financial networks because it offers something pretty valuable under sanctions:

dollar liquidity without traditional banking rails.

USDT is widely available across exchanges and blockchains, making it easier to move dollar-denominated value internationally.

Senate investigators also alleged that Tether sometimes failed to freeze wallets despite public indicators connecting them to sanctioned Iranian entities. Blumenthal has asked the Justice and Treasury departments to examine potential sanctions and banking-law violations. These remain allegations from the investigation, not findings of criminal liability against Tether.

2/ Tether has a very different story

Tether pushed back with some serious numbers of its own. The company says it helped freeze roughly $550M in Iran-linked USDT during 2026, including:

  • $344M+ across two addresses in April

  • $130M+ across four wallets in July

Tether says it now works with 340+ law-enforcement agencies across 67 countries and has helped freeze more than $4.9B globally.

CEO Paolo Ardoino argues that USDT isn’t a safe haven for criminals because public blockchains actually make fund movements easier to trace than cash.

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🧠 My take

$USDT is the default currency of the global web3 economy. When any asset reaches this scale, bad actors will try to use it- just like paper $100 bills have dominated underground trade for decades.

Calling $USDT a "shadow bank" while ignoring that Tether literally holds a blacklist kill-switch to freeze funds on demand feels like political headline-chasing.

So bros, the real debate isn’t simply “USDT good or bad.”

It’s whether centralized stablecoin issuers can scale globally and still police hundreds of billions of dollars moving through permissionless networks fast enough.

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See what's really happening in every deal

Aligned shows you what buyers are doing between meetings inside your most important deals then surfaces the risks, openings, and next steps. No more guessing where a deal stands or finding out a champion went quiet too late. Just real visibility, so you can act before it's too late.

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🐳 BITMINE NOW HOLDS 6M+ ETH. IT’S JUST 0.1% AWAY FROM OWNING 5% OF ETHEREUM

Bitmine is getting very close to its big Ethereum target. The company just bought another 17,362 ETH worth nearly $47M, pushing its total stash to 6,001,302 ETH, worth about $16.1B at the time of the update.

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With roughly 122.1M ETH in circulation, Bitmine now controls more than 4.9% of Ethereum’s supply.

That means its “Alchemy of 5%” goal is basically within touching distance.

1/ Bitmine is almost at 5% of all ETH

Bitmine started its $ETH ( ▲ 2.39% ) accumulation strategy on June 30, 2025. Less than 15 months later, it has already completed about 98% of its 5% supply target.

That scale is wild for a public company.

Tom Lee says owning nearly 5% of ETH is starting to create stronger network effects for Bitmine, because the company is no longer just holding ETH.

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It is also putting a huge chunk of it to work.

2/ 84% of the stash is already staking

Bitmine has staked 5.07M ETH, around 84% of its total holdings, worth roughly $13.7B.

At an annualized yield of about 2.62%, the company estimates this could generate around $358M per year.

If all 6M+ ETH gets staked through MAVAN and partners, annual staking revenue could rise to roughly $424M. That changes the treasury story.

This is no longer just “buy ETH and hope price goes up.” Bitmine is turning a massive ETH position into a yield-producing balance sheet.

3/ The pain is getting smaller

The company is still underwater on its ETH position, but losses have improved a lot.

Bitmine’s unrealized loss has fallen to around $3.8B, or roughly 19.25% of the portfolio. Its average ETH purchase price sits near $3,327.

→ That is a major improvement from losses above $10B earlier in June.

The closer Bitmine gets to 5%, the bigger the question becomes:

How much ETH can one corporate treasury accumulate before the market starts pricing in the supply impact?

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🔥 BURNING HOT TAKES FOR THE ROAD

California is officially banning public officials from issuing memecoins starting in Jan. 1, 2027. Read more

Anthropic’s IPO filing shows 2025 revenue jumped 12x to $4.6B, while its public listing could value the Claude maker above $2T. Read more

Coinbase won CFTC approval for Coinbase Clearing, completing its U.S. derivatives stack and enabling direct clearing of fully collateralized contracts. Read more

Bitget's $388M hacker bypassed risk alerts with micro-transfers as small as 0.18 $ETH ( ▲ 2.39% ) before draining hot wallets via a zero-day exploit. Read more

Citi and Coinbase ($COIN ( ▼ 1.7% )) are bringing stablecoin payments to institutional merchants, with Citi projecting $1.9T in issuance by 2030. Read more

🤡 SPICY MEME

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Red light therapy

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💌 SHOUTOUT FROM OUR FIRESTARTER

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.

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