NiftyNoon: Will Tensions in Iran End History’s Largest Bull Market? 📉💥💣
Despite bullish BTC adoption news from Texas, turmoil following US strikes on Iran has triggered a market-wide crash and massive liquidations (June 23, 2025)
Nifty Thought:
The crypto markets experienced a violent sell-off this weekend as prices tumbled following news that the U.S. conducted military strikes on Iran's nuclear facilities. The geopolitical jitters sent Bitcoin crashing below the psychological $100,000 level for the first time since May, triggering a cascade of liquidations. Over a 24-hour period, more than $595 million in bullish leveraged positions were wiped out across the market, with Ether and Bitcoin traders bearing the brunt of the losses. The uncertainty was amplified by reports that Iran may retaliate by blocking the Strait of Hormuz, a critical channel for global oil trade, which could spark further inflation and risk-off sentiment in global markets.
While the immediate price action looks shaky, the weekend also brought significant news for long-term adoption. Texas Governor Greg Abbott officially signed a bill to create the Texas Strategic Bitcoin Reserve, making it the first U.S. state to commit public funds to a dedicated Bitcoin treasury. The reserve will treat Bitcoin as a long-term strategic asset to hedge against inflation and will be managed separately from the state's general funds. This move represents a major step in institutional and governmental validation for Bitcoin, standing in stark contrast to the short-term, fear-driven market slump. While the macro environment suggests potential for more volatility, the underlying trend of institutional adoption continues to build momentum.
Highlighted News:
📉 Bitcoin fell nearly 3% to $100,561 and Ethereum plunged over 4% to $2,200 after Iran moved to close the Strait of Hormuz in response to U.S. strikes on its nuclear sites:
https://x.com/MarioNawfal/status/1936787509305827691
🛑 Iranian Parliament approves closure of the Strait of Hormuz in response to US strikes:
https://x.com/WatcherGuru/status/1936779977891963323
🤠 Texas Governor Greg Abbott signs Bitcoin Reserve bill SB 21 into law:
https://x.com/bitcoin_laws/status/1936520317696127325?s=46
Project and Community News:
@EricBalchunas & @JSeyff are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher: https://x.com/jseyff/status/1936117896347803748?s=46
Iran's parliament officially approves CLOSING the Strait of Hormuz for the first time since 1972: https://x.com/kobeissiletter/status/1936787351620985340?s=
Major new federal AI bill was floated last week by @SenLummis; called the "Responsible Innovation and Safe Expertise (RISE) Act: https://x.com/AdamThierer/status/1935302846901100780
Machibigbrother got liquidated last night on a 635K HYPE ($20.3M) long, dumping HYPE prices to $30.5: https://x.com/mlmabc/status/1936678635328466953?s=46&t=
Coinbase has secured Markets in Crypto Assets (MiCA) licence from the CSSF in Luxembourg: https://x.com/brian_armstrong/status/1936090261094097282?s=46
@BobLoukas claims ALT's are where money goes to die this cycle: https://x.com/bobloukas/status/1936783074253029714?s=46
Nakamoto Holdings Rakes in $51.5 Million for Publicly Traded Bitcoin Treasury: https://x.com/DecryptMedia/status/1936169722766065706
Following the historic passing of the GENIUS Act in the Senate last week, here’s how @Visa are approaching stablecoins: https://x.com/cuysheffield/status/1936898580146790618?s61
CNA Explains - Singapore's tightened crypto licensing rules – 'closing the door' or 'raising the bar'? Via @ChannelNewsAsia: https://x.com/anndylian/status/1935886306342846629
@SegMintIO taking over NASDAQ with @vaneck_us: https://x.com/segmintio/status/1936112377369706667?s=46
While the world caught some sun, Solana apps quietly posted another $1B+ revenue quarter: https://x.com/solana/status/1936877815036883068?s=61
The wave of public companies accumulating $SOL as a treasury asset continues to grow: https://x.com/solanafloor/status/1936016017555116211?s=46
Introducing Swap API—embed crypto swaps in your app with just two lines of code in minutes: https://x.com/coinbasedev/status/1932114276044640571?s=46
Introducing @xeetdotai: https://x.com/pons_eth/status/1936159748891582903?s=46
CCTP V2 is now available on @solana: https://x.com/circle/status/1936046383259083040?s=46
Bored Ape Originals are now sold out: https://x.com/boredapeyc/status/1936087270710559219?s=46
$50M stolen through fake OTC rounds: https://x.com/trypluid/status/1936031144971010451?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 434.73 ETH (▼ 16.16%)
🌊 OpenSea ETH Daily Volume: 657.97 ETH (▲ 11.68%)
🟠 BTC : $101,470.18 (▼ 0.98%)
🔷 ETH: $2,249.06 (▼ 0.36%)
🟣 Solana: $133.86 (▲ 0.39%)
🟪 Polygon: $0.17 (▼ 0.42%)
Top NFT Sales:
CryptoPunks #6395: 37.99 ETH
CryptoPunks #7608: 37.74 ETH
CryptoPunks #2896: 37.00 ETH
NFT Daily Winners:
💼 Ordinal Maxi Biz: 0.02 BTC (▲ 4.35%)
🏴☠ Captainz: 0.32 ETH (▲ 1.52%)
🧦 Bitcoin Puppets: 0.03 BTC (▲ 1.27%)
🚬 CryptoPunks: 39.98 ETH (▲ 0.48%)
⛩ Azuki: 2.09 ETH (▲ 0.30%)
NFT Daily Losers:
🍭 Mocaverse: 1.23 ETH (▼ 0.08%)
😡 Mad Lads: 32.91 SOL (▼ 0.02%)
🦧 Bored Ape Yacht Club: 11.16 ETH (▼ 0.71%)
🐱 Quantum Cats: 0.02 BTC (▼ 0.83%)
🐧 Pudgy Penguins: 8.89 ETH (▼ 1.90%)
🧙♂️ Taproot Wizards: 0.17 BTC (▼ 1.78%)
👾 Tensorians: 2.30 SOL (▼ 2.34%)
👩🏻 Milady Maker: 2.00 ETH (▼ 3.00%)
🏳🌈 Chromie Squiggles: 4.21 ETH (▼ 5.36%)
🐵 NodeMonkes: 0.02 BTC (▼ 8.10%)
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