Geopolitics

Bitcoin (BTC) experienced a sharp volatile crash, temporarily trading around $59,590 on June 26. The U.S. Senate is pushing to advance crypto legislation in July, but the chaotic situation surrounding the housing bill could disrupt the legislative timeline. Polymarket suffered a breach via a third-party vendor, resulting in approximately $3 million in user assets being stolen. Macro Events & Crypto Hotspots According to The Block, the U.S. Senate faces a tight timeline to advance the CLARITY Act

Bitcoin broke below $60,000 on June 26, temporarily trading at $59,732, down about 52% from its all-time high; the key support level of $60,000 that had underpinned Bitcoin since February was breached. On the same day, maritime intelligence firm Windward reported that Iran had ordered at least three oil tankers transiting the Strait of Hormuz to turn back, with WTI and Brent crude both rising over 2.6% intraday. Windward: 3 oil tankers turned back, Singapore-flagged cargo ship attacked by IRGC W

On June 23 local time, Iran's Permanent Representative to the United Nations Office at Geneva, Baghaei, officially confirmed: The Strait of Hormuz is now fully open to global merchant ships for 60 days, with no transit fees charged during this period. Previously, the US and Iran finalized a roadmap in Bürgenstock, Switzerland, to sprint toward a final agreement within 60 days, establishing a high-level committee to coordinate progress and simultaneously forming special working groups on sanction

The Wall Street Journal reported on June 25 that, according to analysis by blockchain intelligence firm TRM Labs, Iranian entities have transferred over $3.84 billion via the cryptocurrency exchange CoinEx since 2019, with funds ultimately flowing into wallets linked to the Central Bank of Iran and the domestic exchange Nobitex. Fund Flow Path: Central Bank of Iran → Nobitex → CoinEx, Peak Annual Transaction Volume $763 Million According to The Wall Street Journal report, the fund flow path is a

On June 24, crypto-aligned Fairshake PAC and its affiliates reported wins for supported candidates across Maryland, New York and Utah in state primaries. The combined spending on media support reached $8 million, drawing criticism from observers over the influence of crypto-focused donors in

Five Senate Democrats on Tuesday urged Republican committee chairs to open immediate hearings into a reported $500 million United Arab Emirates investment in the Trump family's cryptocurrency venture World Liberty Financial. The lawmakers cited reporting that lieutenants to an Abu Dhabi royal

According to the National Daily, South Korea's central bank warned in its H1 2026 Financial Stability Report that growing correlation between cryptocurrency and traditional markets may transmit crypto shocks to equities and forex markets. The bank noted that increasing investor diversification and e

According to Foresight News, Trump-backed South Carolina Attorney General Alan Wilson won the state's Republican gubernatorial primary. Per StandwithCrypto, Wilson supports Trump's crypto vision and pledged to make South Carolina a blockchain and digital asset leader if elected, including backing di

Adrian Boafo, a Maryland state delegate, won the Democratic primary on Tuesday, according to AP, with backing from the Protect Progress crypto PAC. Protect Progress, a super PAC associated with Fairshake, spent $5.5 million on the race according to Federal Election Commission filings. The victory re

According to BlockBeats, Adrian Boafo won Maryland's 5th District Democratic primary on June 23, defeating 24 candidates and securing the seat of retiring Rep. Steny Hoyer. The Protect Progress super PAC, aligned with the crypto industry, contributed $5.5 million to support Boafo's campaign, while a

According to market maker Wintermute, the Federal Reserve's policy shift this week created a tighter liquidity environment for crypto assets. The Fed raised its 2026 median rate outlook to 3.8% from 3.4%, with nine of 18 policymakers now expecting at least one hike this year and markets pricing

Michael Selig, Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) (Selig), said on June 23 at the annual meeting of the American Cotton Shippers Association in the United States that the all-day trading and no-expiration structure of crypto perpetual futures does not apply to agricultural commodity markets that rely on physical delivery and have limited trading hours. The CFTC and the SEC have jointly launched a public consultation on the definition of swap agreements, with

Bitcoin (BTC) rebounded since the start of the week before pulling back; as of June 24, it is temporarily around $62,790. The U.S. House of Representatives passed housing legislation that includes a Federal Reserve central bank digital currency (CBDC) ban, which has been submitted to President Trump for signing; the ban will last until 2030. The U.S. Department of Justice has seized a cloud computing account used by Huione Group for laundering billions of dollars in crypto scam proceeds. Macro E

Bitcoin fell to $62,982 on June 24. Contributing pressure factors include: U.S. spot Bitcoin ETFs have seen no positive 7-day SMA since mid-May, indicating a significant drop in institutional demand; CME FedWatch shows traders currently estimate the probability of a December rate hike by the Federal Reserve at about 86%; and after the U.S.-Iran Swiss talks, Trump claimed Iran agreed to unlimited inspections, but Tehran denied any concessions, with negotiation details contradicting each other. Gl