Cryptocurrency markets fall on geopolitical uncertainty and regulatory pressures

​​​Geopolitical tensions trigger crypto decline

​Major cryptocurrencies experienced notable declines following US airstrikes on Iran's nuclear facilities, with Bitcoin falling 2.8% and Ethereum dropping 9%. The digital asset market proved vulnerable to geopolitical shocks despite previous claims of being uncorrelated with traditional markets.

​The cryptocurrency selloff reflects broader risk-off sentiment as investors moved away from speculative assets amid Middle East uncertainty. Bitcoin's decline, while notable, remained relatively modest compared to Ethereum's larger retreat.

​Technology and institutional developments continue

​Despite market volatility, cryptocurrency venture capital funding remained resilient with $159.50 million raised across 18 projects. EigenLayer led funding rounds with a substantial $70 million raise, demonstrating continued institutional interest.

​Reddit is exploring iris-scanning technology through World ID to enhance identity verification while preserving user anonymity. This development could significantly impact how social media platforms handle user authentication.

​Texas passed legislation establishing a state-managed Bitcoin reserve as an inflation hedge, marking another milestone in institutional cryptocurrency adoption at the government level.

​Elon Musk's X platform continues developing in-app investment and trading features, aiming to transform the social media platform into a comprehensive financial services application. 

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