The Middle East powder keg has exploded again, and on-chain funds are starting to hedge against risk.

CryptoSphere News reported that on June 1, the Public Relations Department of Iran’s Islamic Revolutionary Guard Corps issued a statement saying that after U.S. forces launched an “aggression” against a communications tower in Iran, the Islamic Revolutionary Guard Corps carried out strikes on the U.S. Air Force base that was the “source of the aggression,” and “destroyed the designated target.”