Crypto markets crash after US bombs Iran
The post Crypto markets crash after US bombs Iran appeared on BitcoinEthereumNews.com.A turbulent week in crypto ended with a sharp market downturn, as Bitcoin, Ethereum, and major altcoins plunged following U.S. airstrikes on Iran’s nuclear sites purchased by President Donald Trump. While geopolitical shockwaves rattled prices and NFTs posted a double-digit drop, crypto venture funding stayed remarkably durable, and Reddit made headings for exploring iris-scanning innovation to tackle identity challenges in the age of AI. Bitcoin, Ethereum and other tokens plunge The crypto market dropped over the weekend as geopolitical stress intensified following President Trump’s order for U.S. forces to sign up with Israel in bombing Iran’s nuclear websites. Trump claimed the strikes “totally and completely obliterated” the facilities, prompting Iran to vow retaliation. Over the previous 24 hours, Bitcoin (BTC) and Ethereum (ETH) fell by over 2.8% and 9%, respectively. Major altcoins like Virtuals Procedure, Celestia, AB, and Aptos dropped more than 9% in 24 hr. Iran imposes curfew on domestic crypto exchanges Earlier in the week, the Central Bank of Iran limited exchange operating hours to 10 a.m. to 8 p.m. The decision follows a politically inspired hack on Nobitex, the country’s largest trading platform, that led to losses surpassing $90 million. The June 18 attack drained pipes and burned properties, rendering them unrecoverable. Reddit thinks about iris scans Reddit is in talk with integrate Sam Altman’s World ID, a biometric confirmation system that scans irises without saving individual data, to deal with growing pressure from AI risks, age verification laws, and bot abuse. The collaboration would help Reddit confirm user identity and age while maintaining privacy– a significantly critical balance as researchers and regulators ramp up examination of online platforms. Coinbase unveils end-to-end stablecoin payments facilities The option, powered by Coinbase’s layer-2 network, Base, permits merchants to accept Circle’s stablecoin USDC without handling blockchain intricacy. Shopify, the very first significant partner, has already integrated …
Crypto VC funding remains durable Last week, 18 crypto tasks or startups protected a combined $159.5 million in spite of broader market volatility. The week was dominated by infrastructure and AI-focused endeavors, with EigenLayer leading the pack through a $70 million round backed by a16z crypto– bringing its total financing to $234.5 million. Texas Guv indications Bitcoin reserve bill Texas Governor Greg Abbott has actually signed Senate Costs 21, creating the Texas Strategic Bitcoin Reserve– a state-managed fund that will hold Bitcoin as a long-term financial asset.
A rough week in crypto ended with a sharp market downturn, as Bitcoin, Ethereum, and significant altcoins plunged following U.S. airstrikes on Iran’s nuclear sites purchased by President Donald Trump. Crypto VC funding remains durable Last week, 18 crypto tasks or startups protected a combined $159.5 million despite more comprehensive market volatility. The week was dominated by facilities and AI-focused ventures, with EigenLayer leading the pack through a $70 million round backed by a16z crypto– bringing its overall financing to $234.5 million. They have secured an additional $51.5 million in Pipeline funding, bringing their total committed capital for Bitcoin treasury build-up to $763 million. Texas Governor signs Bitcoin reserve costs Texas Governor Greg Abbott has signed Senate Bill 21, developing the Texas Strategic Bitcoin Reserve– a state-managed fund that will hold Bitcoin as a long-term financial asset.
