Trump claims the "Genius Act" is under threat from banks, emphasizing the protection of the crypto industry

Trump makes a tough statement to pressure Iran, Bitcoin falls below a key level, and the crypto market is under pressure again

Driven by the impact of Trump’s hardline remarks toward Iran, the crypto market weakened, with Bitcoin and Ethereum falling to $66,609 and $2,056, respectively. Market panic sentiment intensified, and the Fear & Greed Index dropped to 8. War risk pushed energy prices up, suppressing the valuations of risk assets, and in the short term volatility in crypto assets could increase.

Iran fires back at Trump’s speech: “No credibility in his remarks—stocks plunge”; Nomura warns that no clear message has been seen, and Asian central banks may raise rates to defend against it

Trump recently said he would launch a fierce attack on Iran within the next few weeks. The market reacted strongly: the dollar rose while Asian stock markets fell. Nomura Securities warned that Asian currencies could weaken and that the risk of central bank intervention was increasing. Iran also countered Trump’s remarks, but they failed to ease tensions, and there has been no concrete commitment on the proposal to reopen the Strait of Hormuz. The United Kingdom plans to hold a diplomatic meeting to further negotiate.

Trump’s “Stone Age” speech threatens to seriously hit the market; Bitcoin’s price gives back its gains

U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.

Russia plans to draft legislation to crack down on illegal mining; the maximum penalty could be up to 5 years in prison, and 13 regions have already implemented a full ban on mining.

The Russian government has submitted a bill to impose the maximum 2,000,000 ruble fines and up to 5 years in prison for illegal cryptocurrency mining. Of the roughly 50,000 miners nationwide, only 1,500 have registered; the ban has been expanded to 13 regions, and the prohibition will remain in effect until 2031.

Trump says the Strait of Hormuz will be made “naturally open,” and the market shows disagreement through selling off

Trump expressed optimism in his speech about Iran’s military actions, saying the Strait of Hormuz will be “naturally open,” but he did not provide a specific plan, leading markets to sell off. Iran, in turn, made no concessions and plans to pass legislation to collect transit fees, further increasing uncertainty. The market reaction shows that risk assets underwent broad repricing.

Taiwan should reconsider a Bitcoin reserve in case of war, says think tank

Taiwan should reconsider adopting Bitcoin as a reserve asset to hedge against global turmoil and the risk of war, according to a research fellow at the Bitcoin Policy Institute. In a report on Tuesday, Jacob Langenkamp said that should China pursue reunification with Taiwan by military force