The phased easing of the Iran-U.S. geopolitical situation has brought complex changes to the crypto market. On one hand, Trump announced the termination of military actions against Iran, coupled with Iran submitting a new plan to remove preconditions, driving risk premium declines and lowering crude oil and commodity prices, providing short-term support for risk appetite recovery in mainstream cryptocurrencies like Bitcoin.

However, on the other hand, OFAC explicitly warned for the first time that "paying Iranian Hormuz transit fees with crypto assets" could face sanctions, marking that U.S. regulation will fully include cross-border crypto payments within its scope. This means that the previously market-speculated "crypto safe haven" attribute has been broken.

A short-term market breathing space is available, but the long-term impact of rising compliance costs and restricted payment scenarios will gradually transmit, especially for projects involved in Middle Eastern business, which need to be alert to amplified volatility and compliance reassessment. $BTC $ETH $DOGE