The present-day BNB price looks like this:
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⚠️ The Israel–Iran spat, affecting Binance and crypto
1. Turbulence in the wider crypto market
Bitcoin fell by about 4% immediately following the airstrike on Iran on June 13, falling below $103K as investors sold off what they considered volatile assets .
Mass liquidations of margin positions followed-from about $1 billion worth of value being lost from the market.
2. Binance's side of the story
The Binance analysts and the Square posts (or Castle Square) are seeing:
Temporary demand for "safe haven" cryptos like BTC and ETH-that has induced inflows for the short term.
More or less, an ongoing conflict-induced fatigue is now preventing any significant downdraft for cryptos to sustain.
The crux: Lots of short-term volatility, but no existential threats to Binance or markets-this remains pretty much like before, reacting to conflict.
3. Iranian exchange hacking and internet shutdowns
Iran's biggest crypto exchange, Nobitex, was hacked-destroying about $90-100 million in BTC, ETH, and Doge; the politically motivated cyberattack was said to have been carried out under the moniker "Predatory Sparrow," which is associated with Israel.
Iran enforced near-total internet blackouts around June 17-18, disrupting crypto activity to prevent users from accessing Binance and other platforms.