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Neutral, dated analysis and explainers across Iran’s markets.

Analysis
Crypto

Tether's Real Return After 83% Inflation: The Brutal 12-Month Math to July 2026

Over the twelve months to mid-July 2026, Tether roughly doubled Iranian holders' money (a nominal return near 117 to 121 percent). But after the central bank's 83 percent year-on-year inflation, its real gain shrank to about 18 percent. In the same window melted gold and the Emami coin returned more in real terms, while cash and bank deposits were heavy losers to inflation. A dated, brutal accounting.

Sahmino editorialJul 22, 202613 min read
Educational
Crypto

Crypto from Scratch: What Bitcoin Is, What Tether Is, and Why Tether Became Iran's Digital Dollar

Learn from scratch what a blockchain is, how Bitcoin is a scarce but highly volatile asset, and why Tether, which is pegged to the dollar, has taken on the role of a "digital dollar" in Iran, with a labelled hypothetical example, a few dated real figures, and a list of the base risks.

Sahmino editorialJul 14, 202610 min read
Analysis
Crypto

Ethereum Unveils Four-Year Roadmap: Biggest Protocol Rebuild Since The Merge (Monday, July 6, 2026)

Vitalik Buterin unveiled the "Lean Ethereum" roadmap on Saturday, July 4, 2026: a three-to-four-year plan to cut transaction finality from 16 minutes to seconds and harden the network against quantum computers by 2029. Ether traded near $1,791 on Monday, July 6, up nearly 13% for the week.

Sahmino editorialJul 6, 20265 min read
News
Crypto

US Bitcoin ETFs Turn Positive After 10-Day Outflow Streak; Bitcoin Tops $62,000 (Sunday, Tir 14, 1405 / July 5, 2026)

US spot Bitcoin ETFs posted a $221.72 million net inflow on Thursday, July 2, 2026, ending a 10-day, $2.7 billion outflow streak, the largest single-day intake in two months. Bitcoin rose 1.74% to $62,512 by Saturday, July 4, and BlackRock's new staked Ethereum fund pulled in $100 million on its debut day.

Sahmino editorialJul 5, 20265 min read