President Trump met with his national security team on Monday to discuss resuming military operations against Iran after ceasefire negotiations deadlocked on Sunday, according to three US officials. Iran’s refusal to make meaningful concessions on its nuclear program has pushed the conflict back toward kinetic options, and the ripple effects are already washing through crypto markets.

Iran’s $8-10 billion crypto ecosystem hangs in the balance

Iran has built one of the most significant state-linked cryptocurrency operations on the planet. The country’s crypto ecosystem, spanning state-sponsored mining operations and widespread stablecoin usage, generates an estimated $8-10 billion annually. It exists…