$90M Gone: Iran’s Crypto Exchange Hit in a Cyber Strike from Israel
The Daily Crypto Brief!
GM readers. It’s been a minute since Cryptocappy last slid into your inbox with the daily crypto scoop. So, let’s begin!
Pro-Israel Hackers Torch $90M in Crypto from Iranian Exchange
Iran’s top crypto exchange, Nobitex, says it lost around $85M in a major hack. The attack hit its hot wallets and was first flagged by blockchain sleuth ZachXBT. Nobitex has paused access and launched a probe. Hackers moved over $90M across Tron and EVM chains—hinting at more hits on state-linked systems.
On June 12, Israel launched “Operation Rising Lion,” targeting Iran’s nuclear site military bases. Israeli officials called it a preemptive strike to stop Iran’s nuclear progress. The news shook global markets—Bitcoin dropped from its $108,500 high to $103,000 as investors pulled out of risky assets.
Coinbase, Circle Shares Surge as Senate Passes Stablecoin Bill
Coinbase and Circle stocks jumped after a big win in the U.S. Senate. Lawmakers voted in favor of the GENIUS Act—a bill that sets clear rules for stablecoins like USDC. If it becomes law, it could bring more trust and big-money interest into crypto.
Circle’s shares rose nearly 20%, hitting a new record. Coinbase went up almost 12%. Both companies benefit from USDC’s growth, since they split interest earned on the dollars backing it.
Fed Holds Rates—Bitcoin Barely Blinks
Bitcoin stayed mostly flat after the U.S. central bank decided to keep interest rates unchanged. It was trading around $104,250, slightly up in 24 hours but still 5% below last month’s high.
The Fed’s decision wasn’t a surprise—over 99% of traders expected no rate hike, even though recent inflation data looked better. Prices rose just 0.1% last month, getting closer to the Fed’s 2% goal, giving investors hope for a rate cut soon.
Thailand Waives Crypto Capital Gains to Attract Global Investors
Thailand is removing taxes on crypto profits for the next five years to boost its status as a global digital asset hub. The new rule, starting January 2025, means no personal income tax on gains from crypto sales made through licensed platforms.
The move is meant to attract global crypto firms and investors—challenging big players like Dubai and Singapore. Experts say Thailand could see major growth, as it already ranks second in crypto ownership across Southeast Asia.
That’s a wrap for today. Catch you tomorrow with more crypto updates. Until then have a great day!
