This week, the crypto market saw big news, deep price dips, and strong moves by companies. Let’s break down what happened.

🔥 Israel’s Strike on Iran Crashes Crypto Market

A military strike by Israel on Iran caused panic in global markets. Crypto prices fell fast:

  • Bitcoin (BTC) dropped to $103,000

  • Ethereum (ETH) lost over 11%, falling to $2,472

  • Altcoins like XRP, Solana, and Dogecoin also dropped hard

  • Over $1.16 billion in liquidations happened as traders rushed to sell

🏢 Big Companies Buy More Crypto

Even with market fear, institutions are buying more:

  • MicroStrategy bought 1,045 more BTC. Now they hold 582,000 BTC

  • Japanese firms like Gumi and Remixpoint bought more Bitcoin

  • Trident Digital announced a $500 million XRP reserve

  • SharpLink Gaming bought $463M worth of ETH, now the largest ETH holder after the Ethereum Foundation

📜 GENIUS Act Moves Ahead (Stablecoin Bill)

The GENIUS Act, a new U.S. law to regulate stablecoins, made progress in Congress.

  • It aims to protect users and encourage growth

  • If passed, it could help crypto adoption grow in the U.S.

  • The news lifted investor confidence

💼 Solana ETF Getting Closer

Invesco and Galaxy Digital filed for a spot Solana ETF on June 13.

  • Analyst James Seyffart said there's a 90% chance of approval

  • This could bring more investors to Solana (SOL)

🇺🇦 Ukraine Proposes Bitcoin Reserve

Ukraine wants to hold Bitcoin as part of its national reserves.

  • A new bill was introduced this week

  • If passed, Ukraine would join other countries using crypto as a backup currency

  • This move could inspire more nations to follow

📰 Other Crypto News You May Have Missed

  • Cardano launched Cardinal Protocol for Bitcoin DeFi

  • Paraguay’s President’s X account was hacked, spreading a fake crypto law

  • ETH called "Digital Oil" leads to price predictions of up to $740K

  • Bitcoin Core devs argue over new update rules

  • USDC stablecoin launched on XRP Ledger, now works with Worldcoin

💬 Ripple IPO Talk Heats Up

Ripple announced a $700 million share buyback. This caused fresh IPO rumors:

  • CEO Brad Garlinghouse said: “No IPO in 2025”

  • The buyback rewards early investors like Japan’s SBI Holdings

  • But the $175 per share value hints at a possible $30B+ market cap

  • Some think Ripple could go public in 2026 or later

$BTC

$ETH

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