DeepFlowTech

A Reuters investigation says Iran’s largest cryptocurrency exchange, Nobitex, was founded by members of the Kharrazi family, who are closely tied to the highest leadership. Brothers Ali and Mohammad previously used the pseudonym “Aghamir” to conceal their connection. Nobitex serves more than 11 million users; during wartime, trading volume exceeded $100 million, and there has been a large-scale outflow of funds overseas. On-chain analysis points to transactions linked to sanctioned entities, with amounts ranging from tens of millions to hundreds of millions of dollars. In 2025, wallets related to the Central Bank of Iran transferred billions of dollars to Nobitex, which is viewed as an effort to evade sanctions. Nobitex denies any ties to the government, saying the share of illegal transactions is extremely small.

Deep Tide Report: Memento Research data shows that monthly spending on crypto payment cards reaches $600 million, a sixfold increase compared to a year ago, with on-chain transaction volume of $7.2 billion, totaling 24 million transactions involving 1.36 million wallet addresses. 62.5% are settled in USDT, with stablecoins gradually becoming the underlying infrastructure for consumer payments; approximately 90% of transactions are completed via the Visa network; the Solana ecosystem contributes about $348 million in transaction volume, with Jupiter Global experiencing a 660% month-over-month growth.

A U.S. court issues an injunction against Arbitrum DAO, prohibiting the transfer of approximately $71 million worth of ETH frozen in the KelpDAO hacking case. The plaintiffs plan to use this to enforce outstanding judgments related to North Korea and view Arbitrum DAO as a partnership for substitute service. The court emphasized that the Security Council, which is governed by ARB holders, may take emergency action, and those who refuse to cooperate may face contempt. This case may become an important judicial reference for DAO governance and DeFi compliance.

Deep Tide TechFlow reports that Trump accuses Iran's leadership of being ununified, stating that Iran's requests are hard to accept and implying disagreements over negotiation strategies. Next week, the market will focus on speeches by multiple Federal Reserve officials, various U.S. data, and corporate earnings reports. It is expected that April non-farm payrolls will increase by 60k, wage growth will accelerate, the unemployment rate will remain steady, and the labor force participation rate will rebound, with private employment possibly being stronger.

According to Jintou News, OPEC+ seven countries agreed to increase the June production target by approximately 188k barrels per day, marking the third consecutive month of increases to demonstrate a willingness to boost supply after the war. The UAE withdrew this week, but production increases still proceeded. Participating countries include Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. In March, OPEC+ averaged a daily output of 35.06 million barrels, down 7.7 million barrels from February, with Iraq and Saudi Arabia bearing the brunt of the cut. The draft statement states that a meeting will be held again on June 7.

Markus Thielen pointed out that Bitcoin has risen above the 7-day and 30-day moving averages, indicating short- to medium-term bullishness. The price has increased by 1.1% over the past week, with institutional buying continuing. The realization of profit-taking patterns has led to a brief consolidation. Dominance rate exceeding 60% is prompting some altcoins to bottom out, especially privacy coins and projects related to RWA infrastructure. Additionally, with a White House advisor stating that a national strategic reserve announcement will be made, market sentiment is becoming more bullish.

CryptoQuant Research Director Julio Moreno pointed out that the rising demand for perpetual futures and the continued contraction of spot demand have created a divergence behind Bitcoin's rally in April. This structure is often driven by leverage rather than new capital inflows and is difficult to sustain upward movement. Once futures positions are unwound, prices may pull back. Similar to the early stages of the 2022 bear market, there is a significant downside risk.