June 14, 2025 Hot Events 1. Israel's military action against Iran triggered a sharp drop in the crypto market Israel's official admission to an attack on Iran has hit targets related to Iran's nuclear program and military installations, leading to a rise in global risk aversion. As a result, the price of Bitcoin (BTC) plunged from $108,000 to about $102,600-104,000, a 24-hour decline of about 5-9%. Ethereum (ETH) fell below $2,500, and other major cryptocurrencies such as Solana (SOL) fell more than 10%. The 24-hour liquidation amount of the whole network exceeded 1.017 billion US dollars, and the bulls suffered heavy losses. 2. The market value of Meme coins on the Solana chain fluctuates The market cap of #aura, the Meme coin in the Solana ecosystem, fell back to $140 million, #LABUBU回落至4 $2.6 million. The meme coin has been hit by the overall decline in the market, and some investors have expressed concern about the short-term prospects of the Solana ecosystem. 3. Uniswap Wallet launched the smart wallet function The wallet of the decentralised exchange Uniswap enables the smart wallet function and supports one-click swap to improve the user experience. This feature has the potential to drive further growth in the DeFi space and attract more users to participate. 4. Ethereum's open interest hit a new high, and the risk intensified Ethereum's open interest exceeded $20 billion, a record high. The accumulation of capital leverage has led to a sharp increase in the risk of gamma hedging and gapping, and the market volatility has further increased, and investors need to be wary of potential sharp price fluctuations. 5. Market sentiment was affected by geopolitics, and safe-haven assets rose Affected by the Israel-Iran conflict, risk aversion in global markets is high, with traditional safe-haven assets such as gold and crude oil rising in price, while the cryptocurrency market is generally falling. Assets such as Bitcoin and Ethereum have not been spared, demonstrating the sensitivity of the crypto market to geopolitical events.