Treasury sanctions eight Canadian firms over Iran ties tighten crypto rails

US Treasury sanctions on eight Canadian exchanges over Iran ties tighten dollar settlement rails that crypto rails ride on. Bitcoin sits near 76,000 dollars with modest exchange outflows and MVRV at 1.41 showing holders still above cost basis but far from euphoria.

The contradiction sits in Fed patience rhetoric against market pricing of another hike while energy shocks from Hormuz frictions keep inflation sticky. No clean read emerges on whether these sanctions accelerate de-dollarization flows or simply raise compliance costs for every on-ramp.