Hackers Steal $90M From Iran’s Largest Crypto Exchange Nobitex, Then Destroy the Funds

Iran’s biggest cryptocurrency exchange, Nobitex, confirmed it was hit by a devastating cyberattack this week, resulting in the theft and destruction of at least $90 million in digital assets. The company, which serves more than 10 million users, said it experienced unauthorized access to its systems and hot wallet, a type of online wallet used for storing a portion of its users’ funds for quicker transactions. Nobitex Hack: What Happened? In a statement (translated by TechCrunch), Nobitex admitted its infrastructure was breached and that it is still investigating the extent of the damage. The exchange’s website and app have been taken offline and will remain unavailable while the company works to assess and contain the situation. Public blockchain records reveal that the hackers drained at least $90 million in cryptocurrency from the platform in a series of coordinated transactions. To make matters worse, the attackers “burned” the stolen crypto — by sending it to inaccessible wallets, permanently removing it from circulation. Who Is Behind the Attack? The pro-Israel hacking group “Predatory Sparrow”, also known as Gonjeshke Darande in Farsi, has claimed responsibility. In a statement posted to X (formerly Twitter), the group accused Nobitex of supporting terrorism and helping Iran evade sanctions. Just a day earlier, Predatory Sparrow also took credit for a cyberattack on Iran’s Bank Sepah, which caused ATM services to crash across the country. These incidents come as military tensions between Israel and Iran escalate, spilling over into the digital world. Cyberwar Intensifies Amid Middle East Conflict The Iranian state broadcaster IRIB reported that Israel has launched a “massive cyber war” aimed at crippling Iran’s digital infrastructure during ongoing hostilities. Predatory Sparrow, which first emerged in 2021, has a history of targeting Iranian military and state-owned entities, and is widely seen as aligned with Israeli cyber interests. What This Means for Crypto Security This attack highlights the growing threat of politically motivated cyberattacks on crypto exchanges, particularly in regions with heightened geopolitical tensions. Nobitex users are now left in uncertainty, with their funds either stolen or destroyed, and the platform offline indefinitely. The Nobitex hack serves as a harsh reminder that crypto platforms remain vulnerable, and that security, transparency, and geopolitical awareness are more critical than ever in the digital asset space.

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Why Is Bitcoin Falling Today? Crypto Prices Drop Amid Global Tensions and Market Jitters

The crypto market is facing turbulence again. Bitcoin (BTC) and major altcoins slipped on Wednesday as geopolitical tensions and economic uncertainty dampened investor confidence. While not a full-on crash, the market sentiment is clearly cautious — and it could stay that way for a while. Bitcoin Drops Below $104K as Market Cap Shrinks As of June 18, the global crypto market cap declined by 1.06%, now standing at around $3.25 trillion. Bitcoin, the largest digital asset by market value, fell to an intraday low of $103,396, marking a 5% loss over the past week. Meanwhile, Ethereum (ETH) dropped more sharply, hitting $2,456 — a 10% weekly decline — with other altcoins also seeing red across the board. What’s Driving the Sell-Off? There are two major forces behind the current slide in crypto prices: Expert Take: What’s Next for Bitcoin? According to Arthur Aziziov, Founder of B2 Ventures, the lack of positive news has created a fragile environment for crypto assets. He warns that if the Fed doesn’t provide any dovish signals or if geopolitical risks intensify, Bitcoin could fall to the $90,000–$84,000 range. However, there’s still hope for bulls. “If there’s a shift in sentiment — especially if the Fed hints at rate cuts — Bitcoin could still climb to $128,000 by the end of the year,” Aziziov told reporters. He also highlighted two critical price levels: A move beyond either level could set off a major trend — whether up or down. Final Thoughts Crypto markets are notoriously sensitive to global events, and right now, they’re reflecting broader uncertainty. With Bitcoin teetering near key support, the next few days will be crucial. Whether it’s a bounce or a breakdown could depend on decisions coming from Washington and events unfolding in the Middle East. Until then, traders and investors may want to stay cautious and keep an eye on the macro landscape.

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PEPE Memecoin Sinks 13% in a Day – Is a Bigger Crash Around the Corner?

The popular memecoin PEPE is facing tough times after falling 13% on Tuesday, signaling more pain might be ahead for short-term holders. A Rough Day for PEPE Holders PEPE’s price has been struggling over the past few weeks, but Tuesday’s sharp drop confirms the downtrend is far from over. The coin failed to recover past a major resistance zone and was quickly rejected near the 0.618 Fibonacci level — a key point often watched by traders. That rejection sparked heavy selling, pushing PEPE to make a new lower low on the daily chart — a classic sign of continued bearish momentum. Why Traders Are Watching the “Point of Control” With PEPE now dipping further, the next crucial test is the Point of Control (POC) — a zone known for high trading activity and strong technical importance. This area also lines up with the 0.786 Fibonacci level and a previously tested support zone on the monthly chart. If PEPE finds support here, we might see a short-term bounce or consolidation. But if it breaks below this zone, things could get worse quickly. Technical Snapshot What Could Happen Next? If buyers show up at the POC and volume supports the bounce, PEPE could stabilize or even attempt a rebound. But if that level fails, traders should prepare for further downside, possibly toward the value area low — another key support level. The Bottom Line For now, PEPE remains in a clear downtrend, and short-term price action is heavily bearish. Whether this leads to a deeper crash or a relief rally will depend on how the market reacts at the upcoming support zone. Investors and traders alike should watch closely. The next few days could be crucial in determining PEPE’s next move.

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Dow Jones Falls as Trump Takes Tough Stance on Iran; RFK Jr. Cracks Down on Big Pharma

The Dow Jones Industrial Average slipped by 130 points (-0.31%) on Tuesday as rising geopolitical risks and healthcare-related developments weighed on investor sentiment. The S&P 500 dropped 0.44%, while the Nasdaq fell 0.50%. Middle East Tensions Weigh on Markets Markets reacted negatively after U.S. President Donald Trump rejected a quick ceasefire proposal between Israel and Iran. Instead, Trump doubled down on his demand for Iran to abandon its nuclear ambitions, even calling for the evacuation of Tehran. The tough rhetoric spooked investors, increasing fears of a prolonged military conflict. In response, oil prices jumped 3%, driven by fears of supply disruptions. Israel has already targeted Iranian oil infrastructure, and traders worry that Iran could retaliate by closing the Strait of Hormuz, a key passage for global oil shipments. “A prolonged conflict in the Middle East could tighten oil supply, spike energy costs, and pressure the global economy,” said market analysts. Could the Fed Cut Rates? Some economists believe that continued geopolitical instability might prompt the Federal Reserve to cut interest rates earlier than expected. While short-term oil shocks are usually seen as temporary, a sustained rise in energy prices could harm both employment and growth, forcing the Fed to act. RFK Jr. Targets Big Pharma and Food Industry Meanwhile, U.S. Health Secretary Robert F. Kennedy Jr. is turning up the heat on the pharmaceutical and food industries. The Trump administration is reportedly planning tighter regulations on drug advertising, which could impact the nearly $10 billion pharma ad industry. RFK Jr. is pushing for longer, more transparent disclosures in commercials, which could raise costs and reduce ad airtime. These moves are part of the “Make America Healthy Again” initiative, which includes crackdowns on ultra-processed foods. The effort is already seeing impact — food giant Kraft Heinz has pledged to remove artificial food coloring from major products like Kool-Aid and Jell-O by 2027. Key Takeaways:

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Ethereum Whale Buying Spikes to 7-Year High — Is a Big ETH Price Rally Coming?

Ethereum has just witnessed its biggest whale accumulation since 2017, with wallets holding between 1,000 to 10,000 ETH adding a staggering 871,000 ETH in a single day. This marks the largest one-day whale inflow in 2025 so far, according to on-chain data from Glassnode. Over the past week, these high-value wallets have consistently added over 800,000 ETH daily, pushing their combined holdings to more than 14.3 million ETH—roughly 27% of the total supply. Whale Activity Hints at Growing Confidence This massive accumulation has caught the attention of analysts, many of whom see parallels to previous pre-bull run behavior, especially in 2017. Despite Ethereum’s current sideways price movement, whales are clearly betting on long-term growth. “This scale of buying hasn’t been seen since 2017,” Glassnode noted. “The accumulation trend strongly mirrors pre-bull cycle patterns.” ETH is currently trading around $2,548, struggling to break past the $2,700 resistance zone, which has held firm throughout multiple attempts. On the daily chart, the Relative Strength Index (RSI) sits at 54, indicating neutral market momentum with neither bulls nor bears in clear control. Ethereum Staking and Layer 2 Adoption on the Rise Beyond whale buying, Ethereum’s fundamentals also look strong. Staked ETH has now crossed the 35 million mark, showing increased commitment from the network’s participants. Accumulation wallets—those that have never sold ETH—are also growing, holding a record 22.8 million ETH, a sign that long-term holders remain confident despite recent market uncertainty. Meanwhile, Ethereum’s Layer 2 activity is booming: What’s Driving the Buying Frenzy? Analysts believe whales may be positioning ahead of key developments in the Ethereum ecosystem. These include: If history repeats itself, this level of strategic accumulation could be the early sign of a major ETH price rally in the months ahead. Bottom Line:While ETH’s price hasn’t made a breakout yet, the behavior of large investors paints a bullish picture. The combination of whale accumulation, rising staking, and surging Layer 2 activity could signal that Ethereum is gearing up for its next big move.

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Genius Group Increases Bitcoin Holdings by 52% After U.S. Court Lifts Crypto Purchase Ban

Singapore-based Genius Group is back in Bitcoin buying mode—and with conviction. After a favorable U.S. court ruling removed restrictions on its crypto activity, Genius Group has ramped up its Bitcoin holdings by 52%, now owning a total of 100 BTC as of June 2025. The move is part of the company’s long-term plan to build a treasury of 1,000 BTC. CEO Roger Hamilton shared the news in a recent post on X (formerly Twitter), stating the company had added 34 BTC in the past month alone. These latest purchases were made at an average price of $100,600 per Bitcoin, totaling over $10 million in fresh crypto investment. What Triggered the New Bitcoin Buying Spree? The sudden spike in Genius Group’s crypto activity came after a May 6 ruling by the U.S. Court of Appeals overturned an earlier ban on the company’s Bitcoin acquisitions. The restriction had stemmed from a legal dispute linked to its merger with Fatbrain AI. A preliminary injunction issued in March had forced the company to halt all crypto purchases until further notice. Now free to manage its capital once again, Genius Group is moving swiftly to realign with its strategic goal of becoming a major Bitcoin treasury holder. “Our 100 Bitcoin milestone is a significant step towards our 1,000 Bitcoin target,” said CEO Roger Hamilton. “We’re pleased to regain the right to manage our company’s capital in the way our Board and shareholders see fit.” Corporate Bitcoin Adoption Is Gaining Speed Genius Group isn’t alone in doubling down on Bitcoin. Corporate adoption continues to gain momentum across the globe: Why It Matters As more companies shift part of their balance sheets into Bitcoin, it signals increasing confidence in the asset’s long-term value. For Genius Group, a company operating at the intersection of AI and education, the move also reflects a broader vision—combining innovation with strategic financial planning. Final Thoughts With the legal hurdles now behind them, Genius Group’s renewed Bitcoin strategy shows how corporate treasuries are beginning to treat digital assets as serious long-term holdings. Their 100 BTC milestone is just the beginning of what could be a major trend across publicly traded companies seeking to hedge against inflation, diversify reserves, and align with the future of finance.

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AltcoinGordon’s Advice Hits Home as Bitcoin and Ethereum Face Market Pressure

In the fast-moving world of cryptocurrency, mental strength can be just as important as market knowledge. Crypto influencer AltcoinGordon recently reminded traders of a powerful truth: “You only lose when you quit.” His message comes at a time when the crypto market is going through another wave of volatility. On June 16, 2025, Bitcoin (BTC) dropped by 3.2% in just 6 hours — sliding from $68,500 to $66,300. Ethereum (ETH) also dipped by 2.8%, trading from $3,550 down to $3,450. These dips reflect broader uncertainty in the financial world, as the S&P 500 also fell by 1.1% that same day. What’s Behind the Crypto Drop? This latest crypto correction appears tied to the overall “risk-off” mood in traditional finance. As investors pulled out of tech stocks and riskier assets, the crypto market followed suit. Stock indexes like the Nasdaq dropped 1.5%, and even crypto-focused stocks such as Coinbase (COIN) were down by 2.3%. Despite the drop, trading activity actually surged. Bitcoin’s trading volume increased by 18%, reaching $32 billion across major platforms like Binance and Coinbase. Ethereum also saw a 15% bump in volume, hitting $14 billion. These numbers suggest that while some investors were panic selling, others saw an opportunity to buy the dip. Signs of Accumulation and Recovery? Technical indicators hint that the worst may be behind us — at least for now. As of June 16, Bitcoin’s Relative Strength Index (RSI) fell to 38, while Ethereum’s RSI hit 41. Both numbers suggest these assets may be oversold, opening the door for a potential bounce back. On-chain data supports this theory too. Blockchain analytics platform Glassnode reported a 12% increase in the number of wallets holding more than 1 BTC, a clear sign of accumulation. Grayscale’s Bitcoin Trust (GBTC) also recorded a 9% rise in institutional inflows, suggesting that long-term players are stepping in while prices are low. Crypto and Stock Market: Still Closely Connected Interestingly, Bitcoin’s 30-day correlation with the S&P 500 now stands at 0.68 — showing that crypto is still very much influenced by global stock market sentiment. This high correlation means that any rally or decline in the traditional financial markets could directly impact crypto prices. Takeaway: Resilience Pays Off in Crypto AltcoinGordon’s message couldn’t be more relevant today. The ups and downs of the market are part of the journey. But for investors who stay patient, manage their risk, and focus on the long term, these dips could be moments of opportunity rather than panic. In short: markets may shake, but mindset is what separates winners from quitters.

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Bybit Set to Launch New On-Chain DEX ‘Byreal’ on Solana This June

June 2025 is shaping up to be a big month for Bybit, as the global crypto exchange prepares to roll out its very first decentralized exchange (DEX), called Byreal, on the Solana blockchain. Bybit CEO Ben Zhou recently took to social media to share the announcement, confirming that the project will officially go live by the end of the month. Built from the ground up, Byreal is the first product to come out of Bybit’s internal incubation and is designed to deliver a new kind of trading experience that blends the speed and liquidity of centralized exchanges with the transparency of DeFi. “Announcing Byreal — our first on-chain DEX incubated by BB, will be LIVE by end of the month. Starting from scratch and now born on Solana,” Zhou said in his post. What Makes Byreal Different? Unlike traditional DEXs, Byreal is focused on building a hybrid liquidity model. It combines two powerful trading mechanisms — RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) — to offer users faster execution, deeper liquidity, and better pricing. By integrating both methods, Byreal aims to provide low-slippage, MEV-protected swaps at high speeds — a major step forward in decentralized trading. Bridging the Gap Between CEX and DEX Bybit is marketing Byreal as more than just another DEX — it’s a move towards what the company calls “hybrid finance.” Zhou hinted that more products could be on the way that merge centralized and decentralized technologies. This development could be especially significant after Bybit’s tough start to the year, when the exchange suffered a massive $1.4 billion ETH hack — one of the biggest in crypto history. While much of that loss remains untraced, Bybit seems to be doubling down on innovation with the launch of Byreal. What’s Next? Beta testing for Byreal is expected to begin later this month. If successful, this could mark the beginning of a new era where decentralized finance becomes more efficient, user-friendly, and accessible to both retail and institutional traders.

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Vietnam Becomes First Country to Pass Law Recognizing Crypto Assets

In a landmark decision, Vietnam’s National Assembly has officially passed the Law on Digital Technology Industry, making it the first country in the world to enact a dedicated law for digital technology — including the legalization of crypto assets. The new law, approved on June 14 and set to take effect from January 1, 2026, puts Vietnam on a bold new path toward becoming a regional tech powerhouse. It lays the legal foundation for the use and regulation of digital assets, blockchain, AI, and semiconductors, all under one comprehensive framework. What the New Law Means for Crypto in Vietnam The law classifies digital assets into two main types: Both will now fall under government regulation, but the law clearly states that these assets do not include securities, digital fiat currencies, or other traditional financial instruments. Importantly, this legal framework will help the Vietnamese government introduce new rules for licensing, oversight, AML compliance, and cybersecurity—helping the country align with international standards set by groups like the Financial Action Task Force (FATF). Vietnam has been on FATF’s “gray list” since 2023, and this move could help improve its global financial standing. Beyond Crypto: A Bigger Tech Vision Vietnam’s digital law isn’t just about cryptocurrencies. It also includes strong support for industries like artificial intelligence, semiconductor manufacturing, and digital infrastructure. Key benefits for tech firms include: Local governments will now be encouraged to train workers and introduce digital tech education in schools, signaling a long-term commitment to technological innovation. A Step Toward Safer Crypto Adoption This law comes at a time when Vietnam has seen both rising crypto adoption and increasing scams. Earlier this year, police uncovered fake mining projects and stopped a multi-million dollar fraud tied to a so-called spiritual coin scheme. With new regulations in place, investors and developers alike can expect more clarity and safety in the crypto space. Why This Matters Vietnam is sending a clear message: It wants to lead, not follow, in the digital economy. By giving crypto a legal framework, and backing innovation with real incentives, the country is laying the groundwork for tech-driven growth in Southeast Asia. Whether you’re a blockchain startup, crypto investor, or tech educator — Vietnam just became a place to watch.

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Can Ethereum Hit $6,000 by 2025? Here’s What Traders on Polymarket and Kalshi Are Betting

Despite a sluggish market in 2025, Ethereum is stirring renewed optimism across prediction platforms like Polymarket and Kalshi, where traders are placing bold bets on ETH’s potential to rally to $6,000 by year-end. While traditional market analysts remain cautious, decentralized and regulated prediction markets show a surge in speculative activity, highlighting growing conviction that Ethereum’s biggest price movements may still lie ahead. Ethereum Price Predictions: Polymarket vs Kalshi Polymarket: High-Stakes, High-Volatility Bets On Polymarket, a decentralized prediction platform, traders are wagering millions on Ethereum’s price direction by the end of 2025: Another prediction, expiring June 30, 2025, shows 25% of participants expect ETH to hit $3,000. Despite Ethereum trading around $2,530, down 24% since January, these bets reflect traders’ belief in volatile but major price swings ahead. “On Polymarket, it’s not just about price targets — it’s about the scale of Ethereum’s upcoming volatility,” analysts note. Kalshi: A More Conservative, Regulated View In contrast, Kalshi, a CFTC-regulated U.S. prediction market, presents a more tempered view of Ethereum’s prospects: While optimism is rising, total bets on Kalshi remain modest — just over $321,000 in volume, compared to millions on Polymarket. This may reflect the platform’s more cautious user base and stricter compliance framework. “Kalshi shows slower confidence-building among regulated investors, possibly indicating longer-term caution despite Ethereum’s recent stability.” Ethereum’s Current Position and Market Context Will Ethereum Reach $6,000? The divergence between Polymarket’s bullish extremes and Kalshi’s steady caution reflects a fragmented market outlook: Ultimately, the bets underscore a broader truth: Ethereum’s story in 2025 is still being written, and whether it hits $6K or not, traders are bracing for significant price action.

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Trump Declares $57M Crypto Windfall from Token Promotions, Ethics Concerns Rise

Former U.S. President Donald Trump has declared a $57.4 million income from his cryptocurrency venture, World Liberty Financial, according to a newly released financial disclosure filed with the U.S. Office of Government Ethics (OGE). Massive Token Holdings via Promotion, Not Investment As reported by Financial Times, Trump disclosed ownership of 15.75 billion governance tokens in World Liberty Financial, a decentralized finance (DeFi) platform co-promoted by his sons, Donald Jr. and Eric Trump. Interestingly, Trump did not purchase these tokens. Instead, they were received as compensation for promotional efforts, raising questions about transparency and influence as the tokens are tied to a platform that offers crypto trading and lending services. What the Ethics Disclosure Reveals The 200-page document outlines Trump’s wide-ranging financial interests, with World Liberty Financial standing out as one of his largest revenue sources. It also lists holdings in CIC Digital LLC and CIC Ventures LLC, digital asset entities that reported minimal or no income. The filing includes Trump’s personal certification affirming the accuracy of the information, which is now under review by the OGE. Of note, David Huitema, former director of the Office of Government Ethics, was dismissed earlier this year, a move that has sparked criticism as Trump continues to profit from ventures with regulatory implications. Democrats Raise Conflict-of-Interest Concerns Trump’s deep involvement in crypto while simultaneously shaping financial policy has fueled ethics concerns across party lines. Lawmakers have flagged the potential for conflicts of interest, especially given that Trump remains an influential political figure and could hold office again. World Liberty Financial’s $1B Raise and Growing Reach Since its launch last year, World Liberty Financial has sold 21 billion tokens, raising $1 billion through a public offering. Promotional materials claim it offers blockchain-based financial services, including lending, governance staking, and token trading. Meanwhile, Trump Media & Technology Group—another Trump-linked entity—announced plans to raise $2.5 billion to implement a Bitcoin treasury strategy and launch a Bitcoin ETF, signaling broader ambitions in the crypto space. What’s Next? While Trump’s token windfall is legally reported, watchdogs argue that his dual role as political figure and crypto promoter blurs ethical lines. As crypto regulation continues to evolve, scrutiny over Trump’s financial entanglements is likely to intensify.

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These Three Small-Cap Altcoins Are Outpacing Bitcoin—Here’s Why

As Bitcoin struggles to break past the $105,000 resistance and Ethereum treads water near $2,500, a trio of lesser-known altcoins is making major waves. Fair and Free (FAIR3), Derive (DRV), and Kled AI (KLED) have posted impressive gains over the past 24 hours, proving that small-cap tokens can sometimes lead the market. 1. Fair and Free (FAIR3): Up Nearly 56% in a Day FAIR3 has emerged as a standout performer, surging 55.9% to $0.03335, up from $0.02222 just 24 hours ago. That marks an 80% gain over the past week, cementing its status as one of the strongest altcoin movers. Behind this rally? A major brand refresh. The Fair3 team recently rolled out a new visual identity, including a redesigned logo and updated messaging. They described the update as “the next chapter of our mission,” sparking renewed interest from both investors and the community. While rebrands don’t always drive price action, this one clearly resonated. The market’s quick reaction hints at strong sentiment and confidence in the project’s direction. 2. Derive (DRV) and Kled AI (KLED): Gaining Market Attention Though specific 24-hour numbers weren’t disclosed in this report, Derive and Kled AI are also posting double-digit percentage gains, showing strong trading volumes and increasing wallet activity. Their rising prices suggest that retail and early institutional investors are actively seeking value outside large-cap coins. Why Small Caps Are Outperforming Smaller altcoins like FAIR3, DRV, and KLED often carry higher risk—but also higher reward potential. With Bitcoin consolidating and Ethereum still regaining strength after April’s dip, traders appear to be shifting their focus to undervalued or emerging tokens. These altcoins benefit from: Bottom Line While Bitcoin and Ethereum dominate headlines, small-cap altcoins are proving they still have room to run. As FAIR3, DRV, and KLED gain ground, they offer a glimpse into where market excitement is heading—toward innovation, rebranding, and high-upside projects with growing communities. Investors should stay cautious, though. Rapid gains in small-cap tokens often come with volatility and risk. But for those willing to explore beyond the majors, opportunities clearly remain.

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