What will Iran react to the US bombing? President Donald Trump has just attacked and bombed nuclear sites in Iran’s Foudow, Natanz and Isfahan, and called for peace. He just declared war. I will not return.

In response, the crypto market was as chaotic and whimsical as the US president, with Bitcoin crashing to $100,945 within minutes, cutting $40 billion from the total market before leveling it at $102,350.

Meanwhile, Iran labeled the Strikes as a violation of the non-proliferation treaty. It delved deeper into Israeli territory and sparked a fire as the region leaned further towards all-out war. What else can we expect from this conflict and the major impact on international stocks, crypto and global markets?

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Iran and Israeli missile exchanges amplify tensions

After a US-led attack on Saturday, Iran reportedly fired two waves of missiles, firing a total of 27 strikes, hitting the area from Golan Heights to Upper Galilee and Tel Aviv.

Israeli authorities have confirmed damages on 10 different sites, including serious impacts in metropolitan areas such as Haifa and Tel Aviv. Emergency medical crews reported 16 injuries as they continue to com via the affected area.

For the first time, Iran’s missile strategy has intensified the exchange of continuous strikes, with close successive attacks.

A few hours ago Donald Trump told Barack Ravid: “We were a huge success tonight. Israel is much safer now.”

Israel now: pic.twitter.com/d3gsz3dlmm

– Daily Iranian military (@iriran_military) June 22, 2025

President Trump wasted no time claiming victory.

“We have completed a very successful attack on three nuclear sites,” he posted, celebrating the US military as unparalleled in the world.

Meanwhile, Iran was pushed back violently. The atomic energy organization has accused the airstrike of “evil conspiracy” and silenced international watchdogs like the IAEA.

Bitcoin and the crypto market respond to geopolitical chaos

Bitcoin didn’t get the news well. Within minutes of Trump’s confirmation of the strike, BTC was $100,945. It then rebounded to just $102,350, but not before wiping $40 billion from the crypto market.

Currently, momentum signals suggest that the market has not yet been out of the forest.

I love watching people get surprised beyond the -5% “Bitcoin crash.”

Bitcoin is not unstable.

I don’t understand what stability looks like after more than 100 years of Fiat hallucination.

– Adam Livingstone (@adambliv) June 22, 2025

The BTC scaffolding looks unstable at $102,000. This is a level that has been tested more than twice this week. The new death intersection with SMA diving below 200 adds to the bearish outlook. The Bollinger band, which had been temporarily expanded during the sell-off, was narrowed again. Historically, it is calm before the next storm.

Historically, when Bitcoin has been relatively silent for several weeks, it portends parabolic profits.

Meanwhile, Iran has vowed to double its nuclear program and warn outside interference.

What’s next for WW3?

Tensions are rising rapidly, and Fallout may not stop at Iran’s borders. Retaliatory strikes at US bases or allied areas remain a serious threat. The IAEA hasn’t weighed it yet, but geopolitical analysts have already planned the game what will happen if Russia or China moves further Ukraine or Taiwan in chaos.

As uncertainty increases, investors are hedging violently. Don’t be surprised if Bitcoin continues to rebound.

Exploration: Tether CEO Paolo Aldoino wants net positive from the US election, says Bitcoin’s strategic reserve is a great idea: exclusively for 99Bitcoins

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As the cryptocurrency landscape in the United States undergoes significant changes under Trump’s second administration, Tether, the company behind the largest stablecoin, USDT, is considering launching a US-exclusive stablecoin.

This potential move comes in response to ongoing discussions about regulatory frameworks for digital assets, which Tether’s CEO, Paolo Ardoino, believes could encourage new entrants into the market.

Tether Eyes US Expansion Amid Regulatory Changes

In a recent interview with the Financial Times, Ardoino highlighted that Tether is actively involved in conversations regarding US regulations governing stablecoins—digital currencies pegged to fiat currencies like the dollar. 

The firm’s CEO noted that the White House recognizes stablecoins as “an important instrument for the United States,” which could pave the way for Tether to create a token specifically tailored for American users.

Currently, Tether’s stablecoin is widely traded, with approximately $144 billion in circulation, accounting for 70% of the overall stablecoin market. However, the company does not accept customers from the US, a restriction that could change if favorable regulations are established.

The backdrop for Tether’s potential expansion into the US market includes the administration of President Donald Trump, who has expressed ambitions to position the US as “the crypto capital of the planet.” Trump has called for new regulations for stablecoins to be ready by August, creating a sense of urgency in the industry.

The regulatory environment is shifting, as evidenced by the Securities and Exchange Commission (SEC) pausing or dismissing most legal actions against various cryptocurrency entities. 

Furthermore, the SEC’s Division of Corporate Finance recently clarified that stablecoins are not classified as securities, alleviating some regulatory burdens previously seen under Biden’s administration.

Legislative Support For Stablecoins

Paolo Ardoino’s optimism about entering the US market with this potential new stablecoin exclusive for US investors, is bolstered by these developments, according to the Financial Times. 

The CEO stated that if the new rules enable US domestic stablecoins to become competitive, Tether would be interested in creating a domestic stablecoin that could function effectively as a settlement currency.

As such, industry experts echo Ardoino’s sentiments about the necessity of a cohesive federal framework for stablecoins. 

Jonathan Levin, co-founder and CEO of Chainalysis, emphasized that without such a framework, it remains challenging for financial services firms and international enterprises to adopt stablecoins on a larger scale.

However, in what could be a sign of what’s to come for the stablecoin sector with positive news and progress from lawmakers in support of digital assets in the US, several bills have been introduced to further support the growth of stablecoins.

Last year, Tether reported $13 billion in profits, further demonstrating the interest in such cryptocurrencies amid broader market challenges. Circle, on the other hand, which is behind the UDSC stablecoin, is now planning to go public in the US.

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

China’s response to America’s sweeping trade tariffs could result in capital flight to Bitcoin and crypto, according to BitMEX founder Arthur Hayes.

“If not the Fed [Federal Reserve], then the PBOC [People’s Bank of China] will give us the Yahtzee ingredients,” said Hayes on X on April 8 in reference to the catalyst needed to resume the crypto market bull run.

Hayes said that if the Chinese central bank devalued its currency, the yuan, the “narrative [is] that Chinese capital flight will flow into Bitcoin,” adding that “it worked in 2013, 2015, and can work in 2025.” 

Bybit co-founder and CEO Ben Zhou said that China will try to lower the yuan to counter the tariff, adding that historically, whenever the yuan drops, “a lot of Chinese capital flows into BTC,” which is bullish for Bitcoin (BTC).

China devalued the yuan by nearly 2% against the US dollar, which saw the largest single-day drop in decades in August 2015. Bitcoin did see some increased interest during this period, though the direct causative relationship is debated.

When the yuan fell below the symbolic 7:1 ratio against the USD in August 2019, Bitcoin also saw price increases in the same timeframe. Some analysts suggested that Chinese investors were using Bitcoin as a hedge as the asset jumped 20% in the first week of that month. 

In 2019, crypto asset manager Grayscale noted the depreciation in the Chinese yuan at attributed it as a factor that spurred Bitcoin markets at the time. 

Currency control avoidance and wealth preservation

Wealthy Chinese citizens may have used crypto in the past to preserve their wealth, move it beyond government reach, and avoid capital controls and restrictions within the country, according to analysts. 

It is also believed that currency devaluations also damage trust in central banks and government financial management, pushing people toward decentralized alternatives like Bitcoin.

Related: $2T fake tariff news pump shows ‘market is ready to ape’

On April 7, the US president vowed to ratchet up additional tariffs against China, which responded by stating it “will fight to the end.”

“If the US implements escalated tariff measures, China will resolutely take countermeasures to defend its own interests,” the Chinese Commerce Ministry said in a statement.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

The long-awaited FTX creditor payouts are set to begin today, February 18 after over two years of bankruptcy. This payment, which is the first batch, is targeted towards targeting smaller creditors. Nonetheless, the payout could have a few effects on the crypto industry, especially if creditors receive payouts in crypto.

A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins.

FTX Payouts Kick-Off: How Does This Affect The Crypto Market?

FTX has confirmed that creditor repayments will commence on February 18, starting with those in the convenience class category of creditors with claims of $50,000 or less. These creditors will receive full repayment plus an additional 9% annual interest accrued since November 2022, totaling approximately $1.2 billion in payouts. 

Related Reading

For creditors with larger claims exceeding $50,000, distributions will begin in Q2 2025, with FTX planning to disburse $7 billion as part of a larger $16 billion payout in total. As noted by Excavo, the significance of these payouts extends beyond individual investors, as the redistribution of these funds could reshape liquidity flows across the crypto market.

If creditors receive payouts in crypto and decide to sell, it could create downward pressure on the market. However, most repayments are expected in cash, and it is now left to see how investors will reinvest them into the market. The first thought is that most of these repayments will go back into Bitcoin, which would trigger a Bitcoin price rally.

However, with billions set to enter the market, a significant portion could flow into altcoins, especially if Ethereum staking ETFs receive regulatory approval later in 2025. This aligns with speculation that an altcoin ETF wave could drive capital into other altcoins like Cardano, Dogecoin, XRP, and most especially Solana. Excavo’s analysis noted that the lack of liquidity rotation into altcoins has left many underappreciated, but this could change if a substantial portion of FTX repayments is redirected into the broader crypto market and not Bitcoin.

Will Bitcoin Crash Or Rally In Response To FTX Repayments?

The total FTX repayment to creditors is expected to be in excess of $16 billion, with most being cash repayments. The injection of billions of dollars could cause fresh buying pressure if reinvested into the market. You could argue that this is the general consensus among bullish investors.

Related Reading

For example, some members of the Reddit crypto community have noted that they are eager to reinvest their FTX payouts into the crypto industry.  “It’s all getting degen’d straight back into crypto,” one Reddit user commented. 

With Bitcoin at the forefront of recent inflows into the market, the majority of the payout could as well easily go back into Bitcoin. Crypto analyst Excavo thinks otherwise, noting that most of the FTX repayments flowing back in will go into the altcoin market. 

At the time of writing, Bitcoin is trading at $95,300, down by 0.75% in the past 24 hours.

Featured image from Unsplash, chart from Tradingview.com

What you need to know

• Google is running ad spots that highlight how small businesses use Gemini in Workspace to grow their business.
• However, one ad became shrouded in controversy due to an incorrect statement Gemini appeared to make.
• As it turns out, the error was actually because Gemini didn’t write the output — it was written by a human years earlier.

Google is running a Super Bowl marketing campaign, which highlights how 50 small businesses in 50 media markets use Gemini in Workspace to run their operations. The ads will air in the home media market of the small business highlighted in them this Sunday, Feb. 9, during the Super Bowl. However, in the case of Google’s “Wisconsin Cheese Mart: Gemini in Google Docs” advertisement, it looks like the whole thing was a charade.

This specific commercial is just one of 50 that are part of the campaign, but it has been shrouded in controversy. First, it appeared that Google’s Gemini AI got details in the showcase wrong. Gemini’s output read that Gouda makes up “50 to 60 percent of the world’s cheese consumption,” which is incorrect, as spotted by The Verge. Google quietly edited the advertisement to remove the incorrect claim from Gemini’s response.

The original YouTube video link is live, and you can watch the ad below — but there’s no sign it was edited aside from the slew of comments criticizing Google for the swap.

Wisconsin – Wisconsin Cheese Mart: Gemini in Google Docs – YouTube

Watch On

Originally, critics suggested that Gemini’s response may have been a hallucination. However, that doesn’t seem to be the case — as Google Cloud Apps President Jerry Dischler claimed on X, saying it was “not a hallucination, Gemini is grounded in the Web.”

Dischler appears to be right, but that’s because Gemini never wrote the output in question at all. According to The Verge, the exact same original response allegedly written by Gemini appeared on the Wisconsin Cheese Mart’s website description as early as 2020 — almost three years before Google released Gemini, then known as Bard.

The commercial still passes off the output as being written by Gemini, despite the correction. Based on this information, it’s likely the incorrect fact about Gouda was not an AI misstep — it was just a human one.

Android Central asked Google why it removed the incorrect Gouda stat from the original advertisement. We also asked whether it could confirm the output said to be written by Gemini was actually written by a human, and why it was said to be created by Gemini. Google did not immediately respond to our request, but we will update this article if we hear back.