Recently, Israel conducted airstrike operations against Iran, leading to a sharp deterioration of tensions in the Middle East, which subsequently triggered a new wave of risk aversion in global financial markets. Risk assets generally faced selling pressure, with significant pullbacks observed in the stock market, high-yield bonds, and the Digital Money sector.

The reaction in the digital money sector has been particularly strong, with market leader Bitcoin dipping more than 3% during early trading on Friday in Singapore, falling below the $103,000 mark; closely following, Ethereum dropped nearly 6.9%. Other smaller market cap crypto assets showed even weaker performance, generally declining by more than 10%.

According to reports, explosions were heard in the Iranian capital Tehran in the early hours. Israeli Defense Minister Katz subsequently announced a nationwide state of emergency and stated that this was a "preemptive strike" against Iran. He also warned that Iran might retaliate with drone and missile strikes.

The official explanation provided by Israel for the airstrike on June 13th is based on intelligence indicating that Iran is approaching the critical point of nuclear weapons production, and has recently accelerated the construction of nuclear facilities and missile deployments. This action is also closely related to the ongoing mutual attacks over the past year, Iran's support for regional proxy organizations, and the deadlock in US-Iran nuclear negotiations, among other complex factors.

Analysts believe that Israel's move is aimed at weakening Iran's nuclear capabilities and missile manufacturing and launching abilities, while deterring Iran and its supported proxy organizations, and demonstrating a tough stance both domestically and internationally. However, whether this action can remain within a controllable range will largely depend on Tehran's response.