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Crypto market hit by $1b in liquidations after US strikes Iran
NFT Gaming

Crypto market hit by $1b in liquidations as US strikes Iran

by admin June 22, 2025



Roughly 240,000 traders were liquidated in the past 24 hours as the crypto market reeled from news that U.S. bombers attacked Iran’s main nuclear sites, according to Coinglass.

Total liquidations topped $1.03 billion by midday on Sunday in New York, highlighting the scale of the market shakeout.

With traditional markets closed for the weekend, crypto was the first to react to the geopolitical shock.

By Sunday morning in New York, Bitcoin (BTC) had dropped as much as 4% to just above $99,300, while Ethereum fell 9% to $2,185—its lowest intraday level since May 9.

See the Bitcoin chat below.

The crypto market plunged after President Donald Trump announced late Saturday that U.S. forces bombed three Iranian nuclear facilities in “Operation Midnight Hammer.”

Bitcoin dropped to its lowest level since early May. Ethereum plummeted more than 10% to $2,171, but at last check had inched up 1.2% to $2,205.5.

Altcoins like XRP, Solana, and Dogecoin also hit two-month lows. Liquidations surged to $949 million in 24 hours, mostly from long positions.

Prediction markets like Myriad show growing bearish sentiment, with 65% of users expecting Bitcoin to fall below $95,000 before reaching a new high.



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June 22, 2025 0 comments
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Crypto Trends

Crypto Market Liquidations Top $701M as U.S. Strikes Hit Iran’s Nuclear Facilities

by admin June 22, 2025



In brief

  • Crypto prices tanked Sunday morning after the U.S. conducted strikes on three Iranian nuclear facilities.
  • Ethereum led the selloff among the top 20 cryptocurrencies by market cap, dropping 7.4% on the day.
  • Users on prediction market Myriad turned bearish on Ethereum, with over 70% expecting it to close out the year below $2,000.

The crypto market took a battering Sunday morning as over $600 million in long positions were liquidated following U.S. attacks on Iranian nuclear facilities.

Crypto liquidations topped $701 million according to CoinGlass data, of which the vast majority, $618.69 million, were long positions. The total market capitalization of all cryptocurrencies dipped to $3.25 trillion, down 4.4% on the day, per CoinGecko. ETH liquidations over the past 24 hours topped $296 million, of which $269 million were long positions, while Bitcoin accounted for $152 million in liquidations, of which $125 million were longs.

Of the top 20 cryptocurrencies, the brunt of the losses were borne by Ethereum, down 7.4% in the past 24 hours to $2,260, and Cardano, down 7.1%. Bitcoin held relatively steady, down 1.4% on the day to $102,418.

On decentralized prediction market platform Myriad, users turned bearish on Ethereum, with the “Moon to $3000 or dip to $2000” market shifting from near even odds to over 70% expecting the price of Ethereum to drop below $2,000 by the end of the year (Disclaimer: Myriad was launched by Decrypt’s parent company DASTAN).

U.S. attacks Iranian nuclear facilities

In a post on the Truth Social platform Sunday morning, President Donald Trump announced that the U.S. had carried out “very successful” attacks on three nuclear sites in Iran. “Iran’s key nuclear enrichment facilities have been completely and totally obliterated,” Trump said in a follow-up address to the nation.

The raids saw B-2 bombers strike Iran’s fortified uranium enrichment facility at Fordo, while sites at Natanz and Isfahan were hit by submarine-launched Tomahawk missiles, according to U.S. Defense Department officials speaking to CBS News.

The attacks mark a a significant escalation in the ongoing conflict between Israel and Iran, with Israeli officials stating that they were “in full co-ordination” with the U.S. in planning the operation.

In a subsequent post on Truth Social, Trump stated that, “ANY RETALIATION BY IRAN AGAINST THE UNITED STATES OF AMERICA WILL BE MET WITH FORCE FAR GREATER THAN WHAT WAS WITNESSED TONIGHT.” Iran’s foreign minister Abbas Araghchi warned of “everlasting consequences,” and stated that the country “reserves all options” to defend its national sovereignty.

On Polymarket, prediction markets put the odds of Iran closing the Strait of Hormuz before July at 46%, up from lows of 9% the previous day, while the odds of it taking place by the end of the year hit 57%, up from lows of 31% the day before. However, predictors remained sanguine on the chances of the U.S. officially declaring war on Iran before July, putting the odds at just 2%.

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June 22, 2025 0 comments
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Shaurya Malwa
NFT Gaming

Ether, Cardano, Solana Could Slide Further as Trump Threatens Iran Strikes

by admin June 19, 2025



Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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June 19, 2025 0 comments
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Xbox strikes "strategic, multi-year agreement" with AMD, "powering the next generation of Xbox"
Esports

Xbox strikes “strategic, multi-year agreement” with AMD, “powering the next generation of Xbox”

by admin June 17, 2025


Xbox has partnered with AMD to “power the next generation of Xbox.”

In a brief statement, Xbox president Sarah Bond said the companies were partnering to build first-party devices and cloud, “including future Xbox consoles.”

The “strategic, multi-year agreement” with AMD will be to co-engineer silicon across a “portfolio of devices” and AI-powered experiences, “grounded in a platform designed for players, not tied to a single store or device, and fully compatible with your existing Xbox game library.”

“At Xbox, our vision is for you to play the games you want, with the people you want, anywhere you want,” Bond said. “That’s why we’re investing in our next-generation hardware lineup, across console, handheld, PC, cloud, and accessories.

“I am thrilled to share we’ve established a strategic multi-year partnership with AMD to co-engineer silicon across a portfolio of devices including our next-generation Xbox consoles, in your living room, and in your hands.

“Together with AMD we’re advancing the state of art in gaming silicon to deliver the next generation of graphics innovation to unlock a deeper level of visual quality and immersive gameplay and player experiences enhanced with the power of AI, all while maintaining compatibility with your existing library of Xbox games,” she added.



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June 17, 2025 0 comments
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GameFi Guides

Trump’s Drone Deregulation Raises Fears of Domestic Terror Strikes

by admin June 14, 2025



In brief

  • President Trump signed executive orders easing commercial drone regulations, prompting concerns from security experts about potential misuse.
  • Experts warn that expanded drone access could increase risks of surveillance, terrorism, and swarm-style attacks on U.S. infrastructure.
  • The Ukraine conflict illustrates how inexpensive drones can be weaponized, raising alarms about similar tactics being used against the U.S.

Earlier this month, President Donald Trump signed a sweeping set of executive orders aimed at deregulating commercial drones, flying cars, and supersonic jets—on a promise of “restoring America’s airspace sovereignty.”

But as the skies open to innovation, national security experts are sounding alarms: the drone revolution is already being weaponized.

From warzones in Iran and Ukraine to insurgent strikes in Africa and the Middle East, commercial drones are no longer just tools of progress—they’re now low-cost, highly effective weapons of war. The White House may see economic opportunity, but critics warn the U.S. is easing restrictions just as the world enters an era of autonomous aerial combat, where $300 drones can disable million-dollar aircraft and swarm attacks can overwhelm critical infrastructure. And worse.

Critics warn the new policies could accelerate a global arms race in autonomous aerial warfare—one already playing out with deadly effect around the world.

Drone attacks by terrorists and insurgent groups are on the rise:

  • In January 2024, Iraq’s Islamic Resistance group attacked a U.S. outpost in Jordan.
  • In May, RSF, an insurgent group in the Sudanese civil war, used drones to attack the airport in Sudan.
  • The same month, a boat carrying the “Gaza Freedom Coalition” was struck twice by drones off the coast of Malta, starting a fire.



Ukraine, which spent over $11 million in cryptocurrency donations on drones, used that technology in an audacious sneak attack on June 1 when it launched Operation Spider Web, a coordinated drone strike targeting Russian airbases in Murmansk, Irkutsk, Ryazan, Ivanovo, and Amur.

Ukrainian forces used 117 modified commercial quadcopters—four-bladed aerial drones smuggled in freight trucks—and guided them using artificial intelligence and first-person view systems. The drones struck high-value aircraft, causing significant damage and highlighting the strategic potential of low-cost drone warfare.

On Thursday, Israel launched a preemptive strike against Iran in what was called Operation Rising Lion. In its arsenal were drones smuggled into the country by Mossad, Israel’s national intelligence agency. In fact, Mossad agents reportedly set up a drone base near Tehran, Iran’s capital, right under the noses of its Republican Guard. The drones struck surface-to-surface missile launchers aimed at Israel.

These real-world examples have U.S. officials and experts increasingly alarmed.

“National security leaders at the Department of Defense and Department of Homeland Security have raised concerns about the potential for Ukraine-style ‘Spiderweb’ swarm attacks on U.S. soil—low-cost, high-impact assaults targeting critical infrastructure like ports, refineries, and data centers,” Eric Brock, CEO of Ondas Holdings, an autonomous drone and counter UAV developer told Decrypt. “Public venues, such as stadiums and amusement parks, are also increasingly vulnerable; yet, many local agencies lack the necessary tools or legal authority to respond effectively.”

The co-chair of the Commercial Drone Alliance, who worked with the White House on crafting the drone executive order, Brock said the executive orders expanded flight-restricted zones, improved interagency coordination, and established a national drone training center—steps he said helped close key regulatory gaps. He added that the resulting clarity encouraged investment in drone safety infrastructure and enabled local agencies to adopt counter-UAS technologies with greater confidence.

While drones deliver crucial benefits, such as disaster relief, precision farming, and rapid medical transport, they also pose emerging risks.

“With increased deployment must come increased responsibility,” Brock said. “With proactive public policy and proven technology, we can build a safer, more resilient airspace while unlocking the full economic and societal potential of the drone era.”

“There are always questions and concerns around drone use, partly because of how they’re perceived,” Grant Jordan, CEO of drone detection company SkySafe, told Decrypt. “When an average person sees a drone in the air, the biggest concern is not knowing its purpose or who’s operating it. They’re remote, unlike traditional aircraft like helicopters, where it’s clear at a glance that it’s a police helicopter.”

While Airspace Link was one of the developers consulted by the White House on the drone executive order, CEO Michael Healander declined to comment on whether recent events like Ukraine’s Operation Spiderweb were a part of the conversation.

“What I can say is that the executive orders clearly reflect an understanding that drone technology is transforming both commercial operations and modern conflict,” he said.

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June 14, 2025 0 comments
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Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
GameFi Guides

Crypto Plunges, Israel strikes Iran, Gold & Oil Soar

by admin June 14, 2025




Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
FOMO HOUR EP378

Crypto plunges as Israel strikes Iran. $1.1bn liquidations, Wynn liquidated again. GameStop upsizes debt raise to $2.25bn, to buy BTC. 21 companies launched BTC reserve in last 30 days. Sharplink falls 70% after equity re-sale announced. Sharplink acquires $463m ETH. DFDV announces $5bn equity line to buy SOL. Tony G launches HYPE treasury with $400k HYPE. DOT community proposes BTC treasury. Phantom allows USDC payments to Shopify. Walmart & Amazon consider issuing stablecoins. USDC natively launched on XRP ledger . Trident Digital to raise $500m to buy XRP. DTCC exploring stablecoin usage. Coinbase collabs with AmEx on BTC cashback card. Coinbase to allow DEX & perp trading in US. SEC delays decision on several altcoin ETFs. Tether acquires 32% in Elemental Altus for $92m. Tokenised gold goes live on Hyperliquid.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL
PODCAST = https://x.com/i/spaces/1kvKpydgqMQGE
LIVE SPACE = https://x.com/i/spaces/1OwGWXOYWkmJQ

Links:
https://linktr.ee/fomohour
Tweets by fomohour
https://www.rug.fm/
https://x.com/rugradio

Hosts:
Tweets by farokh
Tweets by rektmando
Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets

#bitcoin #crypto #podcast



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June 14, 2025 0 comments
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NFT Gaming

TON Down 8% After Israel Strikes Iran

by admin June 13, 2025



Telegram’s token

dipped 8% in 24 hours, dropping from $3.20 to a low of $2.93 with significant selling pressure, according to CoinDesk research’s technical analysis model. TON was hit harder than other cryptocurrencies in the CoinDesk 20: the index (which includes the top 20 coins by market capitalization except for stablecoins, memecoins and stablecoins) is down 6.2% in the same period of time.

The selloff occurred after Israel struck Iranian facilities and military leadership late on Thursday night.

Technical Analysis

• TON experienced a significant 8.4% correction, dropping from $3.20 to a low of $2.93 over a 24-hour period.

• Above-average volume of 3.36 million established a strong resistance at the $3.09 level.

• A notable volume spike of 7.74 million created a high-volume support zone around $2.94.

• Price subsequently consolidated between $2.95-$2.99, with recent price action showing signs of stabilization.

• In the last hour, TON showed recovery, climbing from $2.95 to $2.96, representing a 0.3% gain.

• Strong buying interest emerged with 284,843 units traded, establishing support at $2.96.

• Minor pullbacks quickly found support, suggesting resilient buyer interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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June 13, 2025 0 comments
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Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact
GameFi Guides

Crypto market slides as Israel strikes Iran, tensions rise

by admin June 13, 2025



The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors. 

Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion.

Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively.

Data from CoinGlass shows that crypto liquidations surged 125% in a single day, reaching $1.2 billion. Open interest across crypto futures markets fell 9.7% to $142 billion, while the relative strength index sank to 28, indicating the market had entered oversold territory.

Despite the selloff, the Crypto Fear & Greed Index, compiled by software firm Alternative, remained in the “Greed” zone at 61, though down 10 points from the previous day. The drop in sentiment reflects investor uncertainty, as traders assess the risk of broader conflict.

The market turmoil followed an early morning attack by Israel on Iran. According to a Reuters report, Israeli forces hit multiple high-value targets, including uranium enrichment facilities in Natanz, ballistic missile production sites, and the headquarters of Iran’s elite Revolutionary Guard Corps in Tehran. Iranian state media reported the death of General Hossein Salami and civilian casualties, including children.

Israeli prime minister Benjamin Netanyahu said the strikes marked the beginning of “Operation Rising Lion,” a campaign aimed at neutralizing Iran’s nuclear threat. Israel has declared a state of emergency, closed its main airport, and raised air defenses in anticipation of retaliatory attacks.

Iran has promised a “harsh response.” U.S. secretary of state Marco Rubio confirmed the United States was not involved in the strike, emphasizing that American priorities lie in protecting its forces in the region.

Apart from cryptocurrencies, traditional financial markets bore the brunt as well. U.S. stock futures dropped 1.5% across major indexes, and European markets opened lower by a similar margin. Meanwhile, safe-haven assets surged slightly.

Gold rose 0.75% to $3,428 per ounce, and the 10-year Treasury yield dipped to 4.32%. Crude oil, often seen as a geopolitical risk proxy, surged about 10% to $74 per barrel, according to data from Market Watch.

With tensions climbing and the potential for regional war rising, both crypto and global markets could see continued volatility. Risk appetite may weaken further, pushing capital into safer, more liquid assets until the situation stabilizes.



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June 13, 2025 0 comments
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SAG-AFTRA formally calls off industrial action after almost a year of strikes
Esports

SAG-AFTRA formally calls off industrial action after almost a year of strikes

by admin June 12, 2025


SAG-AFTRA – the union that represents 160,000 actors, voiceover artists, and other media professionals – has formally called off its industrial action after 11 months of strikes.

The union voted to strike at the end of July 2024 after it failed to reach an agreement with the convenience bargaining group over rights and protection concerns raised by the industry’s exploration of AI technologies. In March, it said it remained “frustratingly far apart” from video game publishers after two Zenless Zone Zero voice actors claimed they had been replaced for participating in the SAG-AFTRA strikes.

Now, however, after announcing yesterday that it had reached a “tentative agreement” with a bargaining group, national executive director and chief negotiator Duncan Crabtree-Ireland officially suspended the strike against the companies signatory to the Interactive Media Agreement, effective from noon PT today, June 11.

All SAG-AFTRA members have now been instructed to return to work on productions under the interactive media agreement (IMA), including work promoting or publicizing projects produced under the IMA, as the board meets in a special session tomorrow, June 10, to consider the tentative agreement.

“If approved, it will be sent out for ratification by the union’s membership in accordance with established policy. Details of the agreement will be released at that time,” the union said.

SAG-AFTRA recently filed an unfair labor practice charge with the National Labor Relations Board against Llama Productions and Epic Games for using AI to portray Darth Vader in Fortnite.



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June 12, 2025 0 comments
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