The crypto market is once again caught in a web of macro uncertainty. With escalating tensions in the Middle East with Iran, many traders are struggling to navigate price swings. Whether going long or short, poor risk management could have wiped out positions. This is a time to stay cautious.
Still, smart investors are spotting opportunities. One of them? A token called Useless, which recently skyrocketed over 1000% in just a few days. In today’s update, we’ll walk through the latest crypto news, top airdrop updates, and developments tied to global events like the Iran conflict.
Iran vs. Israel Conflict: 24-Hour Breakdown
War is unfolding in real-time, and its effects are being felt across global markets, including crypto. The situation between Iran and Israel has become dangerously unstable in the last 24 hours.
What Israel Did
Israel launched airstrikes on Iran’s state TV station in Tehran while it was broadcasting live. The building was heavily damaged, and injuries were reported. Iran labeled it a war crime.
The ongoing Israeli military operation, Rising Lion, also struck critical targets:
- Nuclear facilities in Natanz, Fordow, and Isfahan
- Missile launch sites
- Fuel storage centers and key military bases
- Civilian infrastructure like hospitals and communication hubs
According to leaked reports, Mossad may have infiltrated Iran weeks earlier, deploying drones to disable air defenses.
How Iran Responded
Iran countered with Operation True Promise III. It launched drones and missiles aimed at:
- Tel Aviv
- Haifa
- Rehovot, Bnei Brak, and nearby areas
Over 500 Israeli civilians have been injured, and more than eight have died since June 13. Iran also used allied Houthi groups from Yemen to assist in drone strikes.
Civilian Impact
In Iran, over 100,000 people have fled from Tehran to northern provinces. Gas stations are running dry, and internet access is disrupted in several cities.
The reported civilian death toll in Iran has crossed 224, with over 1,200 injured. One hospital was directly hit, worsening the medical crisis.
Can Peace Still Happen?
There are glimmers of diplomacy:
- Iran said it’s open to talks, but only if Israel halts bombings
- The U.S., Qatar, and Oman are pushing for a ceasefire
- Trump issued a stern warning to Iran and advised civilians to leave Tehran
- G7 nations and Turkey have also joined the call for restraint
Wild Rumors Flying Around
Some unconfirmed reports include:
- A potential assassination plot on Iran’s Supreme Leader, Khamenei, allegedly blocked by Trump
- Iran considering withdrawal from the Nuclear Non-Proliferation Treaty
- Secret Mossad drone hubs operating within Iran’s borders
The next 48 hours may determine if peace talks succeed—or if more violence is on the way.
Fresh Airdrop Opportunities
While world events create chaos, the airdrop scene is still thriving. Here are the most notable updates:
Photon Airdrop Confirmed
Photon moved from speculation to confirmation. Personally, I’ve been boosting my on-chain activity by trading Useless on Photon to increase volume.
Airdrop details: Photon Airdrop
Revolving Games Needs Verification
To qualify for the Revolving Games airdrop, users must pass a verification step. If you haven’t done it yet, don’t miss out.
Announcement link: Verification Reminder
$BOMB Airdrop Goes Live
The $BOMB airdrop is now claimable. You can sell your airdrop via Bybit. Early users are already sharing screenshots of their rewards.
Pump.fun Faces Ban Wave on X
The memecoin creation site Pump.fun is in hot water again. This time, the issue isn’t coin-related—it’s censorship.
Multiple Account Suspensions
On Monday, over 20 crypto accounts were suspended on X. This included Pump.fun and its co-founder, Alon Cohen. No explanation was provided beyond the generic “violation of X Rules.”
Other affected projects include:
- GMGN
- BullX
- Bloom Trading
- Eliza OS
Many users suspect mass reporting was the cause. X has yet to confirm this.
Legal Troubles Stack Up
Pump.fun was already facing scrutiny. A January lawsuit accused it of enabling unregistered securities via memecoins. Allegedly, the platform earned $500 million in fees by helping to launch pump-and-dump tokens.
The shutdown of their social accounts makes it harder for them to fight back in the court of public opinion.
With all the FUD, Pump Fun does have an airdrop live, check the details here.
Trump Phone Launch: Surprise, No Crypto
Many were expecting a major crypto update from Trump’s camp. Instead, we got Trump Mobile.
What Was Announced
Donald Jr. and Eric Trump launched a $499 mobile device and wireless plan under the Trump brand. The plan includes perks like:
- Telemedicine
- Roadside assistance
- Free texting to 100+ countries
The monthly price? $47.45—a nod to Trump’s 47th presidency.
The phone is supposedly “designed in the USA,” but may not ship from the U.S. just yet. Eric Trump says American production is the long-term goal.
Crypto Ties Still Exist
While not a crypto update, there’s still a connection. Eric Trump mentioned an upcoming announcement for World Liberty Financial (WLFI), a Trump-affiliated crypto firm. Investors are watching closely.
TRON Heads to Wall Street with IPO
Justin Sun is making headlines again, but this time, it’s not a tweet storm—it’s Wall Street.
Reverse Merger with SRM Entertainment
TRON will go public through a reverse merger with SRM Entertainment, which is already listed on Nasdaq. The deal is being coordinated by Dominari Securities, a firm connected to the Trump family.
Through this move, TRON will become Tron Inc, holding TRX coins valued at $210 million. This echoes MicroStrategy’s approach—giving stock investors indirect exposure to crypto.
Trump Family Ties
Eric Trump is expected to join Tron Inc. as an executive. Dominari Securities operates from Trump Tower. This deal follows a $75 million investment by Justin Sun into WLFI, reportedly netting Trump $57 million in income.
It’s clear the Trump family is increasing its presence in crypto beyond just memes.
Big Moves in Asia
While the U.S. is distracted by politics, Asia is building.
Vietnam Approves Digital Asset Law
Vietnam’s National Assembly just passed a major law that officially recognizes digital assets. The legislation will:
- Classify crypto into legal categories
- Offer tax incentives for AI and chip development
- Take effect January 2026
Vietnam hopes this will attract talent and keep crypto builders from leaving.
Thailand Gives Tax Break to Crypto Traders
Thailand is also stepping up. From 2025 to 2029, the government will waive capital gains tax on crypto sales—if done through licensed platforms.
The goal is to become a global hub for digital finance, with help from the country’s SEC and FATF compliance rules.
Final Thoughts
In a market shaped by war, regulation, and innovation, every day counts. The Iran conflict is a reminder that global instability can affect everything—even your token portfolio.
Yet, amid the fear and volatility, some opportunities shine. From airdrops like Photon and BOMB to major IPOs and cross-border policy shifts, crypto isn’t slowing down.
Just remember to stay alert, manage risk, and never chase hype without doing your own research. We’ll be back with more updates soon.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
