When headlines broke of US strikes on Iran, many expected Bitcoin to do what it has long promised: provide a real-time, 24-hour barometer of global risk. Instead, it made a round trip. Prices initially slid as news hit the wires, briefly touching the low-$63,000 range. Volatility followed, but not panic. By Monday, Bitcoin had rebounded as much as 6.7%, climbing near $70,100—higher than its pre-attack level. The world’s largest cryptocurrency, once branded “digital gold,” showed little durable evidence of either fear or flight. A Market Already Deleveraged This muted reaction reflects deeper structural shifts within crypto markets. Since peaking in…
Author: Leonard
Pi Network (PI) is drawing major attention today, ranking as the second-highest cryptocurrency by bullish sentiment on March 2, according to market data. The growing optimism follows a series of ecosystem upgrades, milestone celebrations, and heightened community engagement — despite ongoing volatility and debate around the project. Even with price swings, PI finished February in positive territory, helping fuel its current momentum. Major Developments: One Year After Open Network Launch On February 20, 2025, Pi Network officially launched its Open Network, making PI publicly tradable and enabling exchange integrations. Last month marked the first anniversary of that milestone — and…
Significant development at the United Nations, Palestinian Ambassador Riyad Mansour has officially withdrawn his candidacy for the presidency of the 81st session of the UN General Assembly (UNGA). This decision comes as the Asia-Pacific Group, comprising nations from South and Southeast Asia, Pacific island states, and most Middle Eastern countries, coalesces around Bangladesh as its consensus candidate. While early speculation suggested that external pressures from the United States and Israel may have influenced Mansour’s decision, diplomatic sources emphasize that procedural dynamics within the UN’s electoral system were the decisive factor. The withdrawal highlights both the intricate mechanics of UN elections…
Gold prices surged on Monday, climbing over 1% as geopolitical tensions in the Middle East intensified and oil prices spiked, reinforcing safe-haven demand. At the time of writing, XAU/USD trades at $5,341, after hitting a one-month high of $5,419 earlier in the session. Investors are closely watching the situation as global uncertainties drive the yellow metal higher. Geopolitical Tensions Drive Gold Prices The recent escalation of the conflict in the Middle East has put significant pressure on markets. The United States and Israel launched airstrikes targeting key sites in Iran, following the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei.…
A fire erupted at the U.S. embassy in Riyadh early Tuesday following two drone strikes, as tensions in the Middle East escalated rapidly. The blasts, heard across the city’s diplomatic quarter, sent clouds of smoke into the air and prompted emergency responses from local fire and security services. Eyewitnesses reported seeing explosions and smoke rising above the embassy complex, which houses both diplomatic offices and residences of foreign staff. The attacks mark a sharp escalation in the conflict triggered by U.S.-Israeli airstrikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei and several top Iranian military officials on February 28,…
British Prime Minister Keir Starmer has openly clashed with Donald Trump over the U.S.-Israeli strikes on Iran, marking perhaps the most consequential disagreement between the two leaders to date. For nearly 48 hours, ministers including the Defence Secretary and Foreign Secretary, struggled to articulate the government’s stance on the attacks. In the House of Commons, Starmer made his position unequivocal: the UK government “does not believe in regime change from the skies.” He criticized the American and Israeli actions as neither right nor fully lawful, while defending the decision to authorize the U.S. to use UK airbases to neutralize Iranian…
The ongoing U.S.-Iran conflict has intensified dramatically, with the American Embassy in Riyadh, Saudi Arabia, targeted by drones on Tuesday. President Donald Trump vowed a swift response, describing the military campaign as the United States’ “last, best chance to strike” against Iran. Military operations, now entering their fourth day, have expanded beyond Iran to targets in Lebanon and other Gulf nations, following attacks by Iran-backed groups such as Hezbollah. Meanwhile, U.S. forces are being reinforced in the region, although officials have not specified how long the conflict may last. Key Updates Political Developments in Iran Following the reported death of…
The ongoing conflict between Iran and the United Arab Emirates, particularly in Dubai, is creating significant uncertainty for global financial markets, including cryptocurrencies. Dubai has long been considered a safe haven and a major hub for blockchain and crypto innovation, but the recent attacks are shaking investor confidence. Experts warn that the price of Bitcoin and most altcoins could experience a sharp short-term drop as fear spreads and markets react to geopolitical risks. A potential sell-off could push Bitcoin toward $58,000, a key technical support level, before the cryptocurrency potentially recovers to higher levels around $83,000. Why Bitcoin Could Drop…
Global oil prices extended gains for a third consecutive session as the widening military confrontation involving the United States, Israel, and Iran heightened fears of supply disruptions across the Middle East. Traders reacted sharply to growing concerns over shipping safety in the Strait of Hormuz — a critical chokepoint for global energy flows after reports of attacks on tankers and threats to close the waterway. Oil Benchmarks Surge Market analysts warn that without a rapid de-escalation, upward pressure on prices could continue. Strait of Hormuz: A Global Energy Lifeline The Strait of Hormuz carries roughly: Iranian media reported that senior…
In less than three days, a military confrontation initially centred on Iran and Israel expanded dramatically, placing an estimated 300 million civilians across more than a dozen countries under the shadow of a rapidly escalating regional war. The conflict intensified after joint US-Israeli airstrikes targeted sites inside Iran. Officials in both Israel and the United States had anticipated retaliation missile launches, cyberattacks, and proxy assaults on US bases. What proved more destabilising was the speed and geographic breadth of the response. Within 72 hours, missile exchanges, drone strikes, and military alerts stretched beyond the original battle lines, rippling across Iraq,…