News Roundup — Trump Confirms Iran Strikes, Bitcoin Dips Toward $100K Amid Geopolitical Jitters

Major news stories this week;

1. Bitcoin price risks sub-$100K dive after Trump confirms Iran strikes
2. Genius Act clears Senate in historic vote for stablecoins as focus turns to House
3. Iran’s Largest Crypto Exchange Nobitex Hacked for Over $80 Million Amid Israeli-Iran Conflict
4. Ohio passes blockchain bill allowing $200 tax-free Bitcoin payments
5. Stablecoin Market Cap Tops $250 Billion as Institutional Adoption Grows

Story Summaries;

1. Bitcoin fell to around $103,000 after U.S. President Donald Trump confirmed military strikes on Iran, sparking investor uncertainty. The geopolitical escalation triggered a broader risk-off move, with analysts warning that BTC could fall below $100,000 if tensions intensify.
2. The U.S. Senate has passed the bipartisan GENIUS Act, a bill aimed at supporting financial innovation and clarifying digital asset regulation. If approved by the House, it could streamline agency coordination and promote a more transparent framework for crypto companies. The industry views this as a step toward regulatory clarity and competitive growth.
3. Iran’s largest crypto exchange, Nobitex, was hacked for over $80 million in a major breach linked to ongoing tensions with Israel. The attackers exploited a vulnerability in Nobitex’s hot wallets, triggering massive fund outflows. This incident highlights growing cybersecurity risks for centralized exchanges in geopolitically unstable regions.
4. Ohio has passed a groundbreaking blockchain bill that permits residents to make up to $200 in Bitcoin payments tax-free. The legislation marks a step toward broader crypto adoption and positions Ohio as one of the more progressive U.S. states embracing blockchain-based financial innovation.
5. The total stablecoin market cap has surpassed $250 billion, its highest since early 2022, signaling accelerating institutional adoption. Analysts attribute the growth to increasing use of stablecoins in tokenized RWAs and cross-border payments. USDT and USDC continue to dominate, though new entrants are gaining traction.

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And that’s all for last week’s news! Wishing you a great week ahead!