US Airstrikes on Iran’s Nuclear Sites Spark Brief Crypto Dip; Texas Establishes Bitcoin Reserve
US forces launched precision strikes on Iran’s Fordow, Natanz and Isfahan nuclear facilities, prompting a short-lived dip in cryptocurrency prices. Iran says prior evacuations minimized damage. Meanwhile, Texas Governor Greg Abbott signed SB 21, making Texas the third US state—after Arizona and New Hampshire—to create a dedicated Bitcoin reserve managed by the state auditor, insulated from general funds. Ark Invest sold 609,175 shares of Circle (CRCL) on June 20, netting approximately $243 million over three transactions. Binance Alpha and its derivatives platform will list Humanity Protocol (H) on June 25, offering up to 50× leverage and token airdrops for qualified users. Other highlights include US Treasury Secretary Janet Yellen’s view that stablecoins can bolster dollar dominance, an 18.4% week-on-week drop in NFT volumes led by a 32.2% decline on Immutable, and notable on-chain moves: a TRUMP token wallet transferred 3.527 million TRUMP to Binance, and a whale converted $30 million USDC into 13,498 ETH.
Neutral
The airstrikes caused only a fleeting market dip before stability returned, reflecting traders’ resilience to geopolitical shocks. Texas’s Bitcoin reserve and major listings from Binance add bullish adoption signals, while Ark’s Circle stock sales highlight diversified yield strategies. Historically, conflicts trigger brief volatility but innovation and regulatory clarity drive longer-term growth. Thus, current developments balance out to a neutral impact in the near term, with potential bullish momentum if state-level BTC adoption accelerates.