Crypto Prices Dip as Iran Tensions Rise and ETF Money Flows Out

Bitcoin fell past the $73,000 mark after a spike in Iranian attacks that pushed oil higher and rattled risk appetite. Two days of heavy withdrawals from Bitcoin spot ETFs erased more than $1 billion, the largest loss since January. The dip spilled over to other major coins:

• Ethereum slipped under $2,000, the first time since April.
• The high‑performing HYPE token fell 10 %.

Crypto IPO Outlook

Jefferies analysts are bullish on a wave of crypto and blockchain initial public offerings. They project that the sector’s public market value could reach $1 trillion in five years. Key IPO targets include:

• Kraken’s parent, Payward
• Securitize
• Blockchain.com
• Gemini
• Traditional settlement networks poised for public listings

The forecast follows a recent conference where institutional investors shifted focus from price speculation to leveraging blockchain for core financial services such as tokenized funds and settlement networks.

Political Pushback

Crypto‑focused political action committees are increasingly targeting Republican candidates. New PACs linked to major crypto firms have spent over $9 million in Texas, helping defeat incumbents hostile to the industry. These groups operate alongside the bipartisan FairShake organization, creating a dual‑layer political presence with growing electoral influence.

Legal Battle Over Dormant Wallets

A lawsuit in New York seeks ownership of dormant Bitcoin wallets, arguing that the coins are abandoned and should be returned to rightful owners.