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Iran's Foreign Minister: There is currently no agreement between Israel and Iran on a ceasefire or cessation of military actions.

#以色列 #以色列伊朗冲突

Iranian cryptocurrency exchange attacked, nearly 100 million USD in assets stolen

The military conflict between Iran and Israel has begun to extend into the cryptocurrency realm.
On June 18, 2025, on-chain detective ZachXBT revealed that Iran's largest crypto trading platform Nobitex allegedly suffered a hacking attack, involving abnormal transfers of large assets across multiple public chains.
SlowMist further confirmed that the affected assets in the incident encompassed TRON, EVM, and BTC networks, with initial loss estimates around 81.7 million USD.
Nobitex also released a statement confirming that some infrastructure and hot wallets did indeed experience unauthorized access, but emphasized that user funds are safe.
Notably, the attackers not only transferred funds but also actively moved a large amount of assets into a specially created burn address, with the burned assets valued at nearly 100 million USD.
The hacker group Predatory Sparrow (Gonjeshke Darande) claims responsibility for the attack and announced that they will release Nobitex's source code and internal data within 24 hours.
After directly burning crypto assets worth about 90 million USD, they referred to it as a “sanctions evasion tool” before publicly releasing Nobitex's source code.
I believe there are complex underlying issues in this incident, and it is quite chilling upon deeper reflection.
What do you all think? Feel free to leave comments below for discussion!

#Nobitex #黑客 #中心化交易所

Why is Circle's IPO considered another landmark event in the crypto industry?
Last Thursday evening, Circle, the issuer of the world's second-largest stablecoin USDC (approximately 25% market share), was officially listed on the New York Stock Exchange with an issuance price of $31 per share. During intraday trading, Circle triggered trading halts multiple times and closed its first day with a gain of 168.48%, ending at $83.23. By the end of that day, its market capitalization exceeded $18.5 billion, and it continued to rise nearly 30% the next day.
Currently, the total market capitalization of stablecoins has surpassed $250 billion, with USDT and USDC combined accounting for 86% of the market share. This explains why Circle repeatedly adjusted its opening price before the IPO, as the market was much hotter than expected. Furthermore, Circle's listing on the New York Stock Exchange has brought the concept of 'stablecoins' to the financial headlines for several days, and in some ways, it has made more traditional financial professionals recognize the value of stablecoins anew.
Additionally, on almost the same day, the Hong Kong Special Administrative Region officially announced that August 1, 2025, will be the implementation date for the 'Stablecoin Regulation,' further boosting the popularity of stablecoins in the financial market. Similarly, the U.S. GENIUS stablecoin legislation is also on its way, and it seems everything is just right.
Here, we won't delve too much into the value of stablecoins. After experiencing explosive growth in recent years, if one still denies their significance, it may require a reevaluation of understanding, much like saying 'BTC is of no use' today.
Some might feel that the current market size of stablecoins is not small, but compared to the traditional trillion-dollar payment market, it still seems a bit 'immature.' However, if we say that in the next 3-5 years, stablecoins are expected to become a single trillion-dollar market, perhaps we have only just crossed the initial stage.
As the most mature application in the crypto industry besides trading, stablecoins may be the real stepping stone that brings Web3/Crypto applications into households, rather than the earlier craze for NFTs.
For investors and entrepreneurs, this period also holds numerous opportunities. After all, making money work for you is always a good business, but if one cannot be a creator of money, at least they can serve in this field. Everything is just beginning, with risks and opportunities coexisting.
So, what will Circle's market value be in 4 years?

The Federal Reserve announced at 2:00 AM Beijing time on June 19, 2025, that it will maintain the target range for the federal funds rate at 4.25%–4.50%, and has paused interest rate cuts for the fourth consecutive meeting.
When you see news like 'the Federal Reserve pauses interest rate hikes and may start cutting rates within the year,' do not only focus on the positive side. This is when the market is most prone to 'selective optimism.'
Although the Federal Reserve hinted that there may be up to two rate cuts this year, this is based on the premise of 'inflation continuing to decline,' whereas currently commodity inflation has rebounded and service sector inflation remains stubborn;
Seven committee members do not support a rate cut this year, indicating that the internal consensus at the Federal Reserve has already loosened;
If the market overestimates rate cut expectations again, it will face a 'disappointment correction,' especially in the stock and cryptocurrency markets.
⟶ You need to be prepared for the possibility of delayed rate cuts or even complete abandonment of cuts.
Second, do not treat 'pausing rate hikes' as a no-risk signal to go long.
For the past two years, there has been a persistent 'decoupling' between Federal Reserve policy and the market: every time the market prematurely speculates on a shift, it ultimately gets slapped by reality. Currently:
High rates are still suppressing corporate financing and consumer credit;
Although employment data is strong, it may also continue inflation rather than signify a safe landing;
Risk assets (especially the cryptocurrency market) have partially priced in rate cut expectations.
⟶ The more everyone is bullish, the more risk is concentrated in the opposite direction.
Third, structural opportunities exist, but a defensive mindset should be maintained.
If you still want to operate, you can focus on:
Interest rate-sensitive assets: such as technology growth stocks and high-leverage corporate bonds;
Short-duration bonds and cash-like instruments: conservative investors can still enjoy high returns;
Cyclical lagging assets: certain sectors that benefit from peak interest rates (such as REITs and financial stocks);
But this does not mean you can go all in with heavy positions or gamble recklessly.
⟶ Controlling positions and prioritizing defense is the attitude a mature investor should have to avoid excessive optimism.
This is not the 'starting point of a bull market,' but rather a 'policy game interval.'
Do not let news headlines lead you; those who truly make money are not because they know about 'pausing interest rate hikes,' but because they can predict earlier than others 'when the policy reversal will fail.'
Now is not the time to bet, but rather a stage for screening opportunities, controlling risks, and waiting for confirmation.
If you have already made a profit, do not be greedy;
If you are still losing, do not gamble.

DeFi Bull Market Strategy: SEC Releases Good News, But Don't Get Overly Excited
This month, the SEC's roundtable meeting released six major pieces of "good news":
1. Financial Independence: DeFi is described as a continuation of the American spirit of freedom, no longer a thorn in the side of regulators.
2. Staking/mining/validators are not considered securities.
3. On-chain products can obtain an "innovation exemption" without cumbersome registration.
4. Self-custody rights are recognized as fundamental rights.
5. Public support for Trump's crypto-friendly policies.
6. Affirmation of DeFi's stable operation after the FTX collapse.
Sounds sweet, right? But what I want to say is not encouragement or denial, but a reminder:
This is not a victory for freedom, but a reconstruction of the narrative.
The SEC is not giving up regulation but is redefining who can play and how. The projects that survive in the future will not be the most decentralized but those that can coexist with compliance and decentralization.
Saying that staking is not a security is correct. But are you participating in base layer validation? Or are you in a CEX interface wrapped staking, re-staking, and redistributing the "high-yield staking treasure"?
Regulation protects the base layer, not the illusion of a 35% annualized return in your wallet.
Saying there are "innovation exemptions", don’t think everyone gets a share. Regulatory benefits will only flow to:
Those with identity, who can engage with policies;
Projects that can disclose, can be audited, and can be regulated.
Anonymous teams, Fork projects, and speculative second tokens will only be marginalized in institutional reshuffling.
You are not investing in narratives but in "whether regulation can tolerate this structure to survive".

So, stop deceiving yourself. Those who can truly traverse the cycles are not the first wave to hear the good news but the second wave who understand the tone of the policy and tread carefully on regulatory red lines.
We ran ahead of the narrative, only to end up in the harvester.
What remains are the seasoned investors bearing scars 🌱
Those who can still move forward are the survivors learning to be human on-chain and learning to walk in a bear market 🌐🧠

#SEC #Defi

For the brothers and sisters who have lost in Alpha, the loss has already occurred. The sooner you accept that it is real, the more calmly you can assess your current situation. Some projects like Alpha may be driven by technological vision or speculation, but whether it’s a model failure, poor management, or market fluctuations, it does not change one fact: your money has decreased on paper.

This is not entirely your fault, but it is also not as simple as "bad luck." Participants must bear the consequences of their investment decisions — this is the iron law of the market.

You are not the only one who is losing, but what you should take away is the lesson of "independent judgment." Whether it’s KOL hype, friend recommendations, or seemingly professional whitepapers or community operations, the sense of hope that Alpha gives may have magnified the blind spots of risk. Many investors do not truly understand what mechanism they are investing in or who holds the key powers.

Loss is not the end of your life, but if you do not extract reflections from this experience, it would truly be a wasted loss. The failure of the Alpha project (if it indeed failed) is just a microcosm of thousands of opaque and immature investment projects.

If you still intend to continue navigating this market in the crypto space, you must become stronger.
The road of investment is long, and may we once again approach the next financial experiment with enthusiasm — even if fate still cuts people down like grass 🤡

#ALPHA #亏损 #韭菜