The breach highlights vulnerabilities in Iran&#8217;s financial systems, potentially escalating geopolitical tensions and impacting regional cybersecurity. The post Iran&#8217;s largest crypto exchange appears to have been exploited, suspected Israeli hackers threaten to leak source code and user data appeared first on Crypto Briefing.

Iran’s largest crypto exchange appears to have been exploited, suspected Israeli hackers threaten to leak source code and user data

Norwegian digital asset firm K33 wants to issue a round of shares to raise 
enough capital to buy as much as 1,000 BTC. The offering has already received 
full subscriptions. In an official press release, the Norwegian firm declared 
that…

Norwegian K33 launches new round of share issuance to purchase 1,000 BTC

Crypto analyst Cyclop has made a potentially significant statement, claiming 
that the ongoing crisis between Israel and Iran may inadvertently boost the 
performance of digital assets. Despite recent volatility, which saw a sell-off 
of approximately $140 billion in the crypto market, Cyclop&#8217;s long-term 
analysis reveals a more optimistic outlook for the broader digital asset 
industry. Analyst Predicts Bullish Trends For Crypto Amid Conflicts In a 
recent post on X (formerly Twitter), Cyclop pointed to historical patterns 
that suggest geopolitical tensions often lead to bullish trends in 
cryptocurrency. Citing specific instances from April and October 2024, he 
noted that Bitcoin (BTC) experienced an initial decline of 18% and 10% 
respectively during these conflicts, only to rebound with impressive gains of 
28% and 62% shortly thereafter. This trend, he argues, indicates a recurring 
cycle where war-related dips in crypto prices eventually transform into 
significant growth, as can be depicted in the chart below shared by Cyclop. 
Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins 
Facing -95% Plunge The analyst explains that while such conflicts can trigger 
short-term bearish movements, the overarching impact tends to be favorable for 
cryptocurrencies. As wars ignite fears of inflation and instability, Cyclop 
has noted that many investors for the traditional finance arena turn to crypto 
as a hedge against weakening fiat currencies. Unlike traditional bank 
accounts, cryptocurrencies are not subject to freezing, he said, making them 
appealing during times of geopolitical unrest. Increasingly, digital 
currencies are being viewed as a form of &#8220;digital gold,&#8221; a safe haven in 
tumultuous times. Favorable Macroeconomic Factors The current market dynamics 
echo previous events, such as the Russia-Ukraine conflict and US-Iran tensions 
in 2020, which similarly resulted in temporary dips followed by recoveries. 
Cyclop remains confident that the present situation will yield similar 
outcomes, despite the typical summer slowdown that often affects market 
activity. Supporting this bullish sentiment are favorable macroeconomic 
factors. Recent developments indicate that the US and China have reached a 
compromise, easing tariffs and aiming to stabilize global supply chains. This 
move is expected to help cool inflation and restore investor confidence. 
Moreover, President Donald Trump&#8217;s decision to delay new tariffs has 
contributed to a more risk-friendly environment, allowing liquidity to flow 
back into crypto markets. Related Reading: Dogecoin Sets The Stage For A 
Liftoff With Key Reversal Pattern Further aiding this positive outlook is the 
latest Consumer Price Index (CPI) report, which showed a modest increase of 
just 0.1% month-over-month, slightly below forecasts. With year-over-year 
inflation at 2.4%—down from an expected 2.5%—the Federal Reserve (Fed) is now 
anticipated to cut interest rates twice by the end of the year. Historically, 
such rate cuts have been bullish for cryptocurrencies, as they often lead to 
increased liquidity in the markets. While the immediate aftermath of the 
Israel-Iran conflict may present challenges, historical data suggests that 
cryptocurrencies have the potential to thrive in such environments. Featured 
image from DALL-E, chart from TradingView.com

Crypto’s Unlikely Ally: Top Analyst Reveals War As A Surprising Bullish Force

A wallet allegedly linked to James Wynn has offloaded over 10 million Moonpig 
tokens — a strategic de-risking or a desperate move to recover from recent 
liquidations? According to blockchain analyst @DataC5821, the wallet in 
question dumped approximately 10.9 million Moonpig…

James Wynn’s side wallet reportedly dumps massive MOONPIG supply

Bullish fractals from 2017 suggest XRP could rally toward $3.70–$10, with some 
projections pointing to a breakout as high as $25 or more.

XRP price consolidates for 200 days: Analysts predict where it’s going next

Cathie Wood’s Ark Invest is still cashing in on its early bet on stablecoin 
issuer Circle, unloading another sizable chunk of its CRCL shares amid the 
stock’s post-IPO rally. According to portfolio disclosures dated June 17, the 
investment management firm…