Bitcoin Holds Firm as Fourth Round of U.S.-Iran Strikes Unfolds

Bitcoin held near $63,800 on Monday as a fourth round of U.S. strikes on Iran sent oil soaring 4.5% and equities lower, marking a notable shift from the panic sell-offs seen in previous escalations. On the regulatory front, the U.S. Treasury proposed a dual federal-state oversight system for stablecoins alongside the newly-passed GENIUS Act framework, while Bitcoin and Ethereum ETFs snapped an eight-week outflow streak with $281.8 million in weekly inflows.

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Bitcoin holds steady as fresh U.S.-Iran strikes rattle oil and stocks Bitcoin traded near $63,800 with minimal losses as Brent crude jumped 4.5% and equities fell following a fourth round of U.S. strikes on Iran and Tehran's declaration that the Strait of Hormuz is closed. Analysts noted the muted reaction marks a departure from earlier episodes of the conflict. 1 2

U.S. Treasury proposes dual oversight for stablecoin issuers The Treasury's proposal requires stablecoin issuers to register with federal authorities while also obtaining a state license, complementing the GENIUS Act framework which mandates full 1:1 reserve backing and bans interest payments to holders. 3 4

Bitcoin and Ethereum ETFs snap 8-week outflow streak with $282M U.S.-listed spot Bitcoin and Ethereum ETFs recorded combined net inflows of $281.8 million in the week ending July 11, breaking an eight-week run of outflows. The reversal is seen as modest compared to the billions that previously exited the products. 5

Robinhood Chain hits $877M volume as Saylor sells $216M Bitcoin Robinhood Chain, launched on July 1, has reached $877 million in 24-hour DEX volume, attracting projects from Base and Solana. In a major narrative shift, Michael Saylor's Strategy sold $216 million worth of Bitcoin. 6 7

BonkDAO and Bonzo Lend exploits lead $35M in weekly hacks A $20 million governance drain of BonkDAO via its voting system and a $9 million flash loan attack on Bonzo Lend dominated a week that saw combined hacking losses exceed $35 million. 8

Japan PM pledges Web3 support as SBI goes on spending spree Prime Minister Takaichi renewed government backing for Web3 startups at WebX 2026, while SBI Holdings made major investments including leading Gauntlet's $125 million round. 9 10

Thailand launches joint probe into high-value USDT transactions The Bank of Thailand and SEC are auditing large USDT trades suspected of dodging compliance, part of a broader crackdown that has already cut large cash withdrawals by 35%. 11 12

Circle mints $250M USDC on Solana as Aave launches vaults Circle minted $250 million in USDC on Solana, pushing 2026 issuance on the network past $64 billion. Aave Labs also launched Stable Vaults for businesses to offer fixed-rate yields. 13 14

Turkey charges 504 suspects in crypto-linked $1B laundering case A massive indictment in Turkey accuses 504 people of using shell companies, jewelers, and crypto exchanges to launder nearly 40 billion liras in one of the largest crypto enforcement actions globally. 15