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Crypto Markets Face Sharp De-Risking Cascade as U.S.-Iran Military Tensions Escalate

Bitcoin sank to an intraday low of $60,892 following news of retaliatory U.S. military strikes against Iranian targets near the Strait of Hormuz. The geopolitical flare-up triggered $664.86 million in total crypto liquidations over a 24-hour window, pushing market sentiment into extreme fear. Sustained pressure from institutional capital flight remains high, with U.S. spot Bitcoin ETFs recording over $4.4 billion in net outflows since...

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EU Proposes Expanded Crypto Sanctions on Russia in 21st Package, Targeting Third-Country Platforms

EU Proposes Expanded Crypto Sanctions on Russia in 21st Package, Targeting Third-Country Platforms

The European Commission proposed the 21st sanctions package focusing on energy, finance, crypto, trade, and fisheries. Measures include transaction bans on additional Russian banks and 20 third-country entities, including crypto platforms. For the first time, the EU eyes a full ban on crypto-asset services from non-EU countries hosting evasion platforms. The move aims to close loopholes amid rising illicit crypto volumes linked...

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MicroStrategy Resumes Accumulation with $101 Million Bitcoin Buy, Boosts Cash Reserve to $1 Billion

MicroStrategy purchased 1,550 bitcoin for approximately $101.3 million between June 1 and June 7, averaging $65,332 per coin. The acquisition follows a controversial 32 BTC sale the prior week, which was executed to fulfill preferred stock dividend obligations. The company simultaneously bolstered its specialized U.S. dollar reserve to $1 billion, significantly reducing the risk of near-term liquidations. MicroStrategy has resumed its...

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Humanity Protocol Hit by M Private Key Exploit as H Token Crashes Nearly 90%

Humanity Protocol Hit by $32M Private Key Exploit as H Token Crashes

Around 17 wallets interacting with Humanity Protocol were drained for over $32 million in an ongoing exploit. Founder Terence Kwok confirmed a private key compromise of a Humanity Foundation member. The H token crashed up to 90%, trading near $0.13 after selling pressure from stolen and minted tokens. The project urged users to avoid bridges and liquidity pools while investigations continue. Humanity Protocol, a...

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Bitcoin Bounces Toward $64,000, Triggering Millions in Short Liquidations

Bitcoin rallied sharply toward the $64,000 mark on Monday, recovering from a recent slide that briefly dragged the premier cryptocurrency below $60,000. The rapid upward movement caught bearish traders off guard, setting off a swift short squeeze that wiped out roughly $320 million in short positions within a 15-minute window. This rebound offers some relief to bulls after a highly volatile stretch that saw heavy liquidations across...

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