After the strikes that killed Supreme Leader Ayatollah Khamenei, Iranians rushed into Nobitex and other domestic exchanges, driving a 700% jump in crypto outflows as they tried to shield savings from a weakening rial and potential banking curbs. Subsequent internet restrictions reportedly cut national connectivity by about 99%, freezing access to major platforms, slowing withdrawals, and forcing some venues to batch transfers. The episode underscored how cryptocurrencies can offer an escape from a fragile financial system while blockchain transparency simultaneously exposes money flows to authorities and global monitors.

Six newly created anonymous wallets reportedly earned about $1.2 million on Polymarket by correctly betting on a U.S. strike on Iran just hours before it occurred on February 28. The trades, flagged by blockchain analysts as highly unusual, have intensified concerns over insider access to sensitive geopolitical information and prompted U.S. lawmakers to call for stricter prediction market oversight.

CoinShares reports that institutional investors allocated a total of $1,000,000,000 to Bitcoin and other crypto investment products over a single week, ending a prior five-week run of $4,000,000,000 in outflows. Bitcoin products drew $881,000,000, while Ethereum and Solana attracted $117,000,000 and $53,800,000 respectively, with the majority of inflows coming from the US market. Despite the sharp rebound, Bitcoin and Ethereum products still show net outflows year-to-date, while Solana investment products have accumulated $156,000,000 in net inflows.

U.S. spot bitcoin exchange-traded funds recorded about $458 million in net inflows on Monday, with BlackRock's IBIT alone attracting more than half of that total. Analysts said large investors are treating the latest pullback and ongoing geopolitical instability as an attractive entry point and increasingly see bitcoin as a maturing diversifier asset, while related Ethereum and Solana products also drew fresh capital.

Bitcoin briefly traded at $70,125 on Coinbase before sliding back to around $68,000 during Tuesday's Asian session, with analysts describing the move as an "insane reversal" after prior fear in US futures. Commentators noted that tensions involving Iran and broader Middle East conflict did not trigger heavy Bitcoin selling, while some compared current conditions to market behavior during the 2022 Russia-Ukraine invasion. Overall crypto market capitalization climbed 2.6% to $2.42 trillion, with Bitcoin leading the advance and Ether recovering levels above $2,000, as altcoins lagged behind.

On 3 March 2026, a draft bill submitted to Turkey's Grand National Assembly proposed a 10% withholding tax on realized crypto gains and a 0.03% levy on transaction value. The plan would make regulated platforms responsible for quarterly tax collection from both individual and corporate investors while granting the president authority to adjust the withholding rate between 0% and 20%. The proposal also introduces VAT exemptions for taxed crypto deliveries and aligns tax definitions with the existing Capital Markets Law.

On March 3, 2026, Binance reentered the tokenized equities market by partnering with Ondo Finance to add 10 tokenized US stocks and ETFs to its Binance Alpha platform and Binance Wallet. This is Binance's first tokenized stock product since suspending a similar service in 2021, with the new digital securities offered under Abu Dhabi regulatory approvals and excluding US users.

TRM Labs reported that trading volumes on Iranian crypto exchanges fell about 80% between Feb. 27 and March 1 following U.S. and Israeli military strikes, mainly due to internet restrictions. The firm said major domestic platforms remained operational in a risk-managed mode with suspended USDT-toman trading, thinner liquidity and withdrawal limits, and cautioned against interpreting recent flows as clear evidence of capital flight.