🛡️ 1. Massive cyber‑heist on Iran’s Nobitex exchange

Between June 17–18, hacker group “Predatory Sparrow” (likely aligned with Israel) breached Nobitex, siphoning off and burning ~$90M in crypto—including $BTC , $ETH , $DOGE —by sending them to unspendable “burner” addresses .

In response, Iran imposed a 10 AM–8 PM trading curfew on domestic crypto exchanges to curb capital flight and increase oversight .

This marks a significant escalation in cyber–economic warfare, where the goal was political damage—not profit .

---

📉 2. Broader geopolitical impact on markets

The Nobitex hack rattled confidence globally, adding to recent market volatility .

Simultaneously, a fragile ceasefire between Iran and Israel (announced June 23) briefly boosted global risk appetite and markets—including crypto. Bitcoin rebounded to $105–106K, while altcoins like XRP and SOL rallied 5–10% . Yet as mistrust persists, gains remain cautious .

---

⚙️ 3. Ongoing cyber‑warfare & regulatory shifts

Iran has enacted nationwide internet blackouts to curb possible Israeli cyber incursions while investigating the Nobitex breach .

The Central Bank of Iran continues to intensify restrictions on crypto advertising, trading, and mining—balancing fintech innovation against sanctions evasion, energy strain, and financial stability .

---

🔮 Looking ahead:

Expect continued volatility in Iranian crypto markets due to tighter regulation, hacking risks, and the uncertain geopolitical environment. International investors should monitor Iran‑Israel relations—and Iran’s domestic crypto strategy—closely, since each flashpoint can quickly reshape sentiment and policies.

#MarketRebound