The situation in the Middle East has once again become tense. Reports have been circulating that Iran’s Supreme Leader has died, and right after that, Iran reportedly carried out a large-scale missile attack across the entire United Arab Emirates. It is said that 137 missiles and 209 drones were launched… this shows a very high level of seriousness.

It seems that the local air defense systems managed to shoot down most of the attacks, but even so, some still struck their targets. The Zayed International Airport in Abu Dhabi was hit directly, with casualties reported. Dubai’s airport was also affected, and flights have been completely suspended. There are also reports that missiles even hit hotels on Palm Island. Since the UAE has completely closed its airspace, transportation and logistics have come to a standstill.

It also appears that a major exchange has sent a notice to its local employees to avoid outdoor activities. When geopolitical risks like these increase, the market may respond sensitively as well. Altcoins such as SOL, DOGE, and AXS could also see price movements.

Depending on how Iran’s relationship with this region unfolds, it could have ripple effects across the energy market and the financial markets as a whole. There could be buying inflows into Bitcoin as a safe-haven asset, while risk assets might be sold off. In times like this, it’s important to closely watch market movements. On Gate.io, you may also want to check the price movements of related listings.