The Middle East powder keg adds new fuel, the crypto market probably won't sleep well tonight.

According to CoinWorld News, Efi Defflin, a spokesperson for the Israeli Defense Forces, said late at night on the 7th that Iran’s missile launch against Israel that evening was “a serious mistake.” He said the Israeli military would continue operations in Lebanon and would step up its strikes against Hezbollah. Defflin said in a press conference that the Israeli military would not allow Iran to create a new “balance of power,” and that it would continue to carry out operations “across all of Lebanon” while strengthening military actions targeting Hezbollah. Defflin said Israel is prepared to deal with “more missiles coming in” and is also preparing to retaliate. The IDF Chief of Staff, Zamiir, is assessing the situation and is about to “approve the next action plan.”