BitcoinWorld Asia FX Plunges: US Dollar Rises Amidst Escalating Geopolitical Risk In the fast-paced world of global finance, events far from traditional financial centers can send immediate shockwaves across markets. For those tracking cryptocurrency or other volatile assets, understanding these macro shifts is crucial, as they influence overall market sentiment and liquidity. Recently, escalating tensions in the Middle East have directly impacted the Forex market, causing significant movements, particularly affecting Asia FX. Geopolitical Risk Rocks Markets: How Escalation Drives Volatility Geopolitical events have a profound and immediate impact on financial markets. When tensions rise between nations, especially those with significant global ties, investors often react by moving capital towards assets perceived as safer. This phenomenon, known as ‘risk aversion,’ directly influences currency valuations. Currencies of countries seen as stable, with strong economies and reliable political systems, tend to appreciate, while those of countries perceived as having higher risk exposure or economic sensitivity often depreciate. The recent exchange of attacks between Israel and Iran is a prime example of how sudden Geopolitical risk can trigger rapid market adjustments. Key ways Geopolitical risk influences markets: Increased Uncertainty: Unpredictable events make future economic conditions harder to forecast. Capital Flight: Investors withdraw funds from riskier assets and regions. Supply Chain Disruptions: Conflicts can impact trade routes and resource availability, affecting economies. Policy Responses: Governments and central banks may react with emergency measures. Why Asia FX Took a Hit Asian currencies are often sensitive to shifts in global risk sentiment and capital flows. When Geopolitical risk rises globally, investors tend to pull funds out of emerging markets, including many in Asia, seeking the safety of developed economies. This outflow of capital directly reduces demand for Asia FX, causing their values to slide against major currencies like the US Dollar. Several factors make Asia FX particularly vulnerable in such scenarios: Export Dependence: Many Asian economies rely heavily on exports, making them sensitive to global economic slowdowns triggered by uncertainty. Foreign Ownership of Assets: Significant foreign investment means potential for large-scale capital reversals. Regional Economic Integration: While beneficial in stable times, close ties can mean contagion risk during crises. Interest Rate Differentials: Compared to the US Dollar, some Asian central banks may have less aggressive monetary policy, making their currencies less attractive during ‘risk-off’ periods. Examples of affected currencies during the recent tensions included the South Korean Won (KRW), Taiwanese Dollar (TWD), Singapore Dollar (SGD), and others, which saw declines against the strengthening US Dollar. The Mighty US Dollar: A Premier Safe Haven In times of global turmoil, the US Dollar consistently stands out as the primary Safe haven currency. A Safe haven asset is one expected to retain or increase in value during periods of market turbulence. The US Dollar’s status is underpinned by several key pillars: Why the US Dollar is a preferred Safe haven: Reserve Currency Status: The US Dollar is the world’s dominant reserve currency, used in most international transactions and held by central banks globally. Liquidity: The market for the US Dollar is the largest and most liquid in the world, making it easy to buy and sell quickly without impacting its price significantly. Size and Stability of the US Economy: Despite its challenges, the United States has the world’s largest economy, perceived as relatively stable compared to many others during crises. Deep Capital Markets: The US offers vast and accessible markets for assets like Treasury bonds, which are also considered safe havens, creating demand for the underlying currency. As Geopolitical risk escalated, the rush into US Dollar assets intensified, driving its value higher against most other currencies, including those in Asia FX. Navigating the Turbulent Forex Market For anyone involved in global markets, understanding how Geopolitical risk translates into Forex market movements is vital. These events create volatility, which can mean opportunity for some but significant risk for others. Here are some actionable insights: Stay Informed: Monitor geopolitical developments closely. News headlines can move markets in seconds. Understand Correlations: Recognize how different currencies and asset classes react to risk-on (optimistic) and risk-off (pessimistic) environments. The US Dollar’s rise is often inversely correlated with riskier assets. Implement Risk Management: Use tools like stop-loss orders to limit potential losses during sudden, sharp movements in the Forex market. Diversify: Don’t overexpose your portfolio to currencies or assets highly sensitive to Geopolitical risk if you are risk-averse. Focus on Longer-Term Trends: While short-term reactions are dramatic, assess if the geopolitical event changes the fundamental economic outlook for a currency or region. The Forex market is a complex ecosystem where economic fundamentals, central bank policies, and Geopolitical risk constantly interact. Events like the recent Middle East tensions highlight the need for vigilance. Beyond Currencies: Other Safe Haven Assets While the US Dollar is a primary Safe haven currency, other assets also benefit from increased risk aversion. Gold is a classic example, often seeing price increases during uncertainty. Government bonds from highly stable countries, particularly US Treasuries, German Bunds, and Japanese Government Bonds (JGBs), are also sought after as safe stores of value. The Japanese Yen (JPY) and Swiss Franc (CHF) are other currencies that can exhibit Safe haven characteristics, though often to a lesser degree or in different scenarios than the US Dollar. The interplay between these different Safe haven assets provides a clearer picture of overall market anxiety driven by Geopolitical risk. Challenges and Considerations Navigating markets driven by Geopolitical risk presents unique challenges. The situation can change rapidly, with de-escalation or further escalation possible at any moment. Market reactions can be driven by emotion and speculation as much as by fundamental analysis. It’s crucial to distinguish between short-term volatility and long-term trends and avoid making impulsive decisions based solely on headlines. Conclusion The recent military actions between Israel and Iran served as a stark reminder of how quickly Geopolitical risk can disrupt global financial markets. The immediate fallout saw Asia FX currencies weaken as investors fled risk, while the US Dollar surged on its status as a premier Safe haven. This event underscores the interconnectedness of the global economy and the Forex market, demonstrating that political events are as significant as economic data for currency traders and anyone with exposure to international assets. Staying informed and applying sound risk management principles are essential when navigating these turbulent periods. To learn more about the latest Forex market trends, explore our articles on key developments shaping currency valuations amidst Geopolitical risk . This post Asia FX Plunges: US Dollar Rises Amidst Escalating Geopolitical Risk first appeared on BitcoinWorld and is written by Editorial Team
Los Angeles, California, June 13th, 2025, Chainwire OneFootball and Mythical Games have teamed up in a multi-year partnership that fuses the worlds of global football and next-gen gaming with the launch of FIFA Rivals, a new arcade-style mobile game officially licensed by FIFA. The partnership links OneFootball’s daily engagement with fans to the interactive world of FIFA Rivals. Players will be introduced to a new dimension of fandom, where live stats, breaking news, and player stories directly impact the rhythm of gameplay. Rivals will be where matchday meets game day, and fandom fuels play. Launched globally on iOS and Android, FIFA Rivals brings a fresh approach to mobile football gaming, combining stylised arcade mechanics with blockchain-based digital ownership. Players can collect, trade, and own exclusive in-game items such as limited-edition kits and collectible boots, many of which are tied to real-world merchandise drops and campaigns from OneFootball. “Together with Mythical, OneFootball will immediately start to merge our communities and build towards our shared mission of one openly shared data standard for football fans,” said OneFootball CEO Patrick Fischer. “We’re truly excited to explore deep product integration paths with Mythical and are keen to kick this multi-year partnership off.” The game will also feature seasonal tournaments, exclusive promotions for OneFootball users, and special content timed with FIFA events. Through the Mythical Marketplace, users will be able to manage their digital assets in a secure blockchain environment, offering a sense of real-world value and rarity. “This collaboration represents a significant step forward in bridging the worlds of interactive entertainment and global football culture,” said Jung Suh, Chief Business Officer of Mythical Games. “By integrating real-time authentic content into gameplay, we're elevating the player experience and creating an environment where fandom isn’t just experienced — it’s owned, traded, and actively played.” The release of FIFA Rivals signals a broader shift in the intersection of sports media and gaming, positioning OneFootball and Mythical Games at the forefront of this evolving digital landscape. For updates, visit fifa.rivals.game and follow FIFA Rivals (@fifarivals) and OneFootball Club (@ofc_the_club) on X. ContactHead of CommunicationsNate NesbittMythical Gamesnate.nesbitt@mythical.games Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Max Keiser forecasts a significant Bitcoin breakout as fiat currencies face collapse, driven by institutional investment and growing macroeconomic optimism. Coinbase’s latest report anticipates Bitcoin’s growth in the second half
BitcoinWorld Building Generational Wealth With Bybit This Father’s Day Dubai, United Arab Emirates, June 13th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is channeling the spirit of intergenerational connection through an innovative challenge and products this Father’s Day. Introducing the exclusive Crypto Time Capsule initiative, and highlighting Bybit Earn , Premium Wealth Management , and Private Wealth Management , Bybit offers meaningful and tailored solutions supporting various stages of the Bybit community’s wealth journey. Father’s Day represents more than a single day of appreication—it embodies the timeless tradition of passing on wisdom from one generation to the next. The special day allows fathers and their children to share their love for each other and show they care. Bridging generational gaps, the gift of legacy is built to last: whether it is a crypto wealth nest egg for the family, or helping dad build a future-proof retirement fund, there are more than one ways to say “thank you”. On this Father’s Day, Bybit is celebrating fathers and father figures in our community with a featured event and offerings. Whether one is in the inception, saving, building, or growing stage of financial planning, the celebration comes in all sizes and shapes: The Bybit Crypto Time Capsule Challenge extends the tradition of passing down wisdom through families into the digital age, creating a space where financial literacy, life lessons, and personal values can be preserved and shared with future generations. From now to June 20, 2025 , users can join the Bybit community and craft a personal message for their children to read 10 years from now. The authors of the most authentic and creative entries stand to win from a 2,000 USDT prize pool. Eligible users may register for the event and share the message on their social platforms using hashtags #CryptoTimeCapsule and #TheCryptoArk. Bybit Earn is a versatile platform for the prudent investor exploring the accumulation of digital wealth. From simple savings products such as Bybit Savings and On-Chain Earn, to advanced structured products such as Dual Asset and Smart Leverage, Bybit Earn offers a wealth of options and guaranteed APR as well as bonus APR. In addition, from now until June 22, 2025 , users may take part in Bybit Earnival to experience its diverse product range for a chance to earn up to 555% APR and gold tokens. Bybit Premium Wealth Management is offering a limited-time 2% APR boost on its flagship products for new users of the service. Open to Bybit VIPs by invitation, the product range line exclusive fixed-interest returns, customizable wealth plans, support for transactions at larger capital size, and Bybit’s institutional-grade risk framework. Interested Bybit customers may explore the product page or contact their relationship manager. Bybit Private Wealth Management is the highest tier for individual customers at Bybit, with a focus on wealth preservation and legacy planning. With exclusive access to funds curated by specialists with expertise in crypto, fund strategies, and quantitative science, customers may expect higher returns and greater flexibility, tailored strategies, unique market analysis, and the Bybit brand of reliability. In May, customers trusted Bybit Private Wealth Management with over $150 million worth of assets under management, with the best performing fund delivering 12.66% APR. Bybit Learn also offers resources on financial planning for building generational wealth and tools for wealth strategies with Bybit VIP . The power of compound returns starts with small steps. With sustainable and bespoke investment solutions, Bybit is committed to contributing to fostering lasting connections while honoring the timeless human tradition of sharing wisdom and legacy across generations. Restrictions apply. For eligibility and detailed terms and conditions, users may visit Bybit.com for the respective event and services. #Bybit / #TheCryptoArk / #BybitFathersDay About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PR Tony Au Bybit tony.au@bybit.com This post Building Generational Wealth With Bybit This Father’s Day first appeared on BitcoinWorld and is written by chainwire
Dubai, United Arab Emirates, June 13th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is channeling the spirit of intergenerational connection through an innovative challenge and products this Father’s Day. Introducing the exclusive Crypto Time Capsule initiative, and highlighting Bybit Earn , Premium Wealth Management , and Private Wealth Management , Bybit offers meaningful and tailored solutions supporting various stages of the Bybit community’s wealth journey. Father's Day represents more than a single day of appreication—it embodies the timeless tradition of passing on wisdom from one generation to the next. The special day allows fathers and their children to share their love for each other and show they care. Bridging generational gaps, the gift of legacy is built to last: whether it is a crypto wealth nest egg for the family, or helping dad build a future-proof retirement fund, there are more than one ways to say “thank you”. On this Father’s Day, Bybit is celebrating fathers and father figures in our community with a featured event and offerings. Whether one is in the inception, saving, building, or growing stage of financial planning, the celebration comes in all sizes and shapes: The Bybit Crypto Time Capsule Challenge extends the tradition of passing down wisdom through families into the digital age, creating a space where financial literacy, life lessons, and personal values can be preserved and shared with future generations. From now to June 20, 2025, users can join the Bybit community and craft a personal message for their children to read 10 years from now. The authors of the most authentic and creative entries stand to win from a 2,000 USDT prize pool. Eligible users may register for the event and share the message on their social platforms using hashtags #CryptoTimeCapsule and #TheCryptoArk. Bybit Earn is a versatile platform for the prudent investor exploring the accumulation of digital wealth. From simple savings products such as Bybit Savings and On-Chain Earn, to advanced structured products such as Dual Asset and Smart Leverage, Bybit Earn offers a wealth of options and guaranteed APR as well as bonus APR. In addition, from now until June 22, 2025, users may take part in Bybit Earnival to experience its diverse product range for a chance to earn up to 555% APR and gold tokens. Bybit Premium Wealth Management is offering a limited-time 2% APR boost on its flagship products for new users of the service. Open to Bybit VIPs by invitation, the product range line exclusive fixed-interest returns, customizable wealth plans, support for transactions at larger capital size, and Bybit’s institutional-grade risk framework. Interested Bybit customers may explore the product page or contact their relationship manager. Bybit Private Wealth Management is the highest tier for individual customers at Bybit, with a focus on wealth preservation and legacy planning. With exclusive access to funds curated by specialists with expertise in crypto, fund strategies, and quantitative science, customers may expect higher returns and greater flexibility, tailored strategies, unique market analysis, and the Bybit brand of reliability. In May, customers trusted Bybit Private Wealth Management with over $150 million worth of assets under management, with the best performing fund delivering 12.66% APR. Bybit Learn also offers resources on financial planning for building generational wealth and tools for wealth strategies with Bybit VIP . The power of compound returns starts with small steps. With sustainable and bespoke investment solutions, Bybit is committed to contributing to fostering lasting connections while honoring the timeless human tradition of sharing wisdom and legacy across generations. Restrictions apply. For eligibility and detailed terms and conditions, users may visit Bybit.com for the respective event and services. #Bybit / #TheCryptoArk / #BybitFathersDay About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube ContactHead of PRTony AuBybittony.au@bybit.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
New data shows just how much Bitcoin ( BTC ) Fidelity has been accumulating through its exchange-traded fund ( ETF ). According to Bitbo tracking data , the Fidelity Wise Origin Bitcoin Fund ( FBTC ) holds 196,482.5 BTC as of June 9, 2025. At current prices around $104,410, that’s worth approximately $20.9 billion. Fidelity Bitcoin holdings. Source: Bitbo FBTC vs IBIT The numbers put Fidelity’s fund among the largest institutional Bitcoin holders. In fact, Fidelity’s position accounts for roughly 0.947% of all existing Bitcoin. The fund has been steadily accumulating since its January 2024 launch. FBTC attracted $12.1 billion in net inflows during its first year, according to ETF.com analysis . That made it the second-most successful Bitcoin ETF launch after BlackRock’s IBIT . Fidelity has been involved in digital assets longer than most traditional financial firms. The company began researching blockchain technology in 2014 , well before launching FBTC. Meanwhile, other major asset managers continue expanding their crypto presence. BlackRock recently purchased over $400 million worth of Bitcoin and Ethereum , showing the competitive landscape among institutional players. Current market conditions At press time, Bitcoin was trading around $104k. The cryptocurrency has maintained levels above $100,000 for several months now, though it’s down 2.84% over the past 24 hours as tensions between Iran and Israel escalated . BTC weekly price chart. Source: Finbold Featured image via Shutterstock. The post This is the size of Fidelity’s massive Bitcoin position appeared first on Finbold .
BitcoinWorld Crypto Fraud: US Court Orders My Big Coin to Pay Staggering $25.7M Penalty The world of cryptocurrency can be exciting, but it’s also a space where vigilance is key. Recent news highlights the serious consequences faced by those who exploit this innovative technology for personal gain. A U.S. federal court has delivered a significant ruling, ordering My Big Coin Pay Inc. and its associates to pay a staggering $25.7 million for perpetrating a massive crypto fraud scheme. Unpacking the My Big Coin Crypto Fraud Scheme So, what exactly happened with My Big Coin ? This case serves as a stark reminder that not all digital asset projects are legitimate. According to reports, from 2014 to 2017, the company, My Big Coin Pay Inc., along with an affiliate and two individuals, engaged in deceptive practices that lured unsuspecting investors. The core of the crypto fraud revolved around false claims made about their proprietary cryptocurrency, My Big Coin. They peddled several lies to make the token appear valuable and secure: False Backing: They falsely claimed that My Big Coin was backed by gold. This is a classic tactic used in fraudulent schemes to give a digital asset a tangible, albeit fake, sense of value and stability. False Trading Activity: They asserted that My Big Coin was actively traded on multiple exchanges. In reality, its trading was minimal or non-existent on reputable platforms, making it difficult or impossible for investors to sell their holdings. Misrepresented Partnerships: There were also allegations of falsely claiming partnerships with major companies to lend credibility to the project. Through these misrepresentations, the perpetrators managed to raise over $6 million from at least 28 victims. This wasn’t just a small operation; it was a calculated scheme designed to extract funds from individuals based on outright lies about a digital asset. The Role of CFTC Enforcement in Digital Assets This particular case was brought forward by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC is an independent agency of the US government that regulates the US derivatives markets, which include futures, swaps, and certain options. While their traditional focus has been on commodities like corn, oil, and gold, they have increasingly asserted jurisdiction over digital assets that they deem to be commodities. The CFTC’s involvement in the My Big Coin case underscores their growing role in policing misconduct within the cryptocurrency space. They alleged that My Big Coin, by being falsely marketed as a commodity (like gold-backed), fell under their purview, allowing them to pursue charges related to fraud and manipulation in the commodity markets. This CFTC enforcement action demonstrates the agency’s commitment to protecting the integrity of markets involving digital assets, even those based on fraudulent premises. The CFTC’s actions often run parallel to or complement those of other regulators like the Securities and Exchange Commission (SEC) and law enforcement agencies like the Department of Justice (DOJ), which handled the criminal side of the case against the ringleader. The $25.7M Court Order and Crypto Restitution Challenges Following the legal proceedings, a U.S. federal court issued a final judgment against My Big Coin Pay Inc., its affiliate, and the two individuals involved. The order mandates the payment of a total of $25.7 million. It’s important to understand what this figure represents: Civil Monetary Penalties: A significant portion of this amount is likely civil penalties, paid to the government as punishment for violating regulations. Restitution: Another part is designated as crypto restitution , intended to compensate the victims who lost money in the scheme. Will Victims Actually Get Their Money Back After This Crypto Restitution Order? Unfortunately, as the CFTC itself warned, the recovery of funds for victims may be severely limited. Why is this the case? Fraudulent schemes often involve the perpetrators spending or hiding the ill-gotten gains. By the time legal judgments are secured, the defendants may have minimal or no assets left to satisfy the restitution order. This is a common, heartbreaking reality in many fraud cases, including those involving digital assets. The $25.7 million judgment serves as a legal victory and a deterrent, holding the perpetrators accountable in the eyes of the law. However, it doesn’t guarantee financial recovery for the victims, highlighting one of the significant challenges in pursuing justice in fraud cases where assets have been dissipated. Beyond My Big Coin: Lessons for US Crypto Court Cases and Investors The My Big Coin case is not an isolated incident but rather part of a growing number of US crypto court cases and enforcement actions brought by regulators like the CFTC and SEC. These cases collectively send a strong message: Regulators are Watching: US authorities are actively monitoring the digital asset space for fraudulent activity and are willing to use their existing legal frameworks to pursue bad actors. Falsehoods Have Consequences: Misrepresenting the nature, backing, or trading status of a digital asset is a clear path to regulatory enforcement and legal penalties. Criminal and Civil Actions: Perpetrators often face both civil penalties from regulators and criminal prosecution, as seen with Randall Crater, the scheme’s ringleader, who has already been sentenced to 100 months in prison for wire fraud and money laundering related to the scheme. For investors, the lessons are crucial. Protecting yourself from crypto fraud requires diligence and skepticism. Here are some actionable insights: Do Your Own Research (DYOR): Don’t rely solely on marketing claims. Investigate the technology, the team behind the project, and the actual trading status of the asset on reputable exchanges. Beware of Guaranteed Returns: Any investment promising guaranteed high returns with little to no risk is a major red flag for fraud. Verify Claims: If a project claims to be backed by an asset like gold or partnered with major companies, seek independent verification. Understand the Technology: While not always easy, try to grasp the basic concept of what the digital asset does and its underlying technology. Vague or overly complex explanations can be warning signs. Check for Registration/Regulation: While the crypto space is still evolving, understand if the platform or project you are dealing with is registered with relevant authorities (like FinCEN, or if offering securities, the SEC) where applicable. Be Skeptical of Pressure Tactics: Scammers often pressure you to invest quickly, emphasizing urgency or limited-time offers. The difficulty in recovering crypto restitution from schemes like My Big Coin underscores the importance of preventing fraud in the first place through careful due diligence. Summary: A Costly Lesson in Crypto Fraud The U.S. court order for My Big Coin to pay $25.7 million is a significant development in the ongoing effort to combat crypto fraud . It highlights the regulatory reach of agencies like the CFTC and the severe legal consequences faced by those who deceive investors with false claims about digital assets. While the substantial penalty holds the perpetrators accountable and serves as a warning to others, the limited prospects for victim recovery emphasize the lasting damage caused by such schemes. As the landscape of digital assets continues to evolve, this case reinforces the critical need for investors to remain vigilant, conduct thorough research, and be aware of the common red flags associated with fraudulent cryptocurrency projects. Regulatory actions, like the one against My Big Coin, are vital steps in building a safer environment for legitimate innovation in the digital asset space, but investor education and caution remain the first line of defense. To learn more about the latest crypto regulation trends, explore our article on key developments shaping investor protection in the digital asset market. This post Crypto Fraud: US Court Orders My Big Coin to Pay Staggering $25.7M Penalty first appeared on BitcoinWorld and is written by Editorial Team
Invesco and Galaxy Digital have taken a significant step by registering the Invesco Galaxy Solana Trust in Delaware, signaling progress toward launching a spot Solana exchange-traded fund (ETF) in the
Bitcoin fell sharply overnight from $108k to $103k at one point, currently just under $105k, as Israel carried out around 100 strikes in Iran.
Following Israel’s airstrikes on Iran, crypto markets have sharply declined. Amid the turbulence, Santiment data shows a spike in large wallet activity across altcoins like Shiba Inu, Compound, and UMA. Such movements could potentially indicate that whales may be repositioning as the broader market struggles to find stability. Whale Accumulation Whale activity across several mid- and low-cap cryptocurrencies has surged in recent days, indicating potential price trend reversals, both upward and downward. In its latest report , Santiment explained that spikes in high-value transactions suggest whales may be strategically accumulating or offloading assets. Among tokens showing signs of accumulation, Shiba Inu, Ankr, and LCX have each seen large upticks in whale transactions that correlate with price gains or potential recoveries. Shiba Inu (SHIB), the second-largest meme coin by market cap, recorded 527 whale transactions on June 5, the highest single-day spike in five months. This activity coincided with a modest price increase, leading Santiment to believe that it could be the early phase of a larger rally, especially as the transaction spike occurred while prices were falling. Similarly, Ankr (ANKR), a decentralized infrastructure platform, saw eight $100,000+ transactions on June 8, which follows a 23% decline over the past month. While largely ignored recently, previous whale spikes have often preceded price rebounds. Meanwhile, LCX, the utility token for the Liechtenstein Cryptoassets Exchange, logged 12 large whale transfers on June 9, the highest since February. After falling 31% from its April peak, the token has since gained 8%, which prompted speculation about renewed investor interest due to its regulatory positioning and low market cap. Whale Dumping On the flip side, Santiment has identified signs of whale dumping in assets such as SPX6900, Compound (COMP), and UMA. SPX6900, a satirical meme coin that has surged 486% in three months, recorded 134 large transactions on June 9, likely pointing to profit-taking by whales and a potential local top. Similarly, Compound, a DeFi token that allows users to earn interest on crypto deposits, saw its highest whale transaction count since April 1, with 157 transfers on June 9. This comes amid a double-digit monthly price surge, which the crypto analytic firm notes may suggest overbought conditions in the short term. UMA, a platform for creating synthetic assets without real-time price feeds, also raised red flags. It saw 27 whale transactions on June 8, the most in 2025, just as its price soared 52% from June 5-8. The timing implies coordinated profit-taking. Abrupt increases in high-value transactions, particularly after rapid price gains, can be early indicators of local market tops and potential pullbacks. The post Shiba Inu (SHIB) Leads Whale Accumulation Wave Amidst Rising Geopolitical Tensions appeared first on CryptoPotato .