Bitcoin Defies Iran Strikes

Bitcoin is showing remarkable strength despite fresh U.S. strikes on Iran and renewed tensions surrounding the Strait of Hormuz, with the crypto market refusing to panic as one of the world's biggest geopolitical flashpoints escalates.

In today's Daily Crypto Roundup , we also look at an extraordinary revelation from Ripple CEO Brad Garlinghouse, who says Ripple once seriously considered shutting the company down and distributing its XRP holdings to shareholders rather than fighting the SEC.

We break down the $10 billion decline in the stablecoin market since May, why analysts say there is no reason to panic yet, and what the drop could mean for Bitcoin, XRP, Ethereum and the wider altcoin market.

Finally, we examine reports that Bitcoin holdings linked to Morgan Stanley's investment activity have climbed above 5,700 BTC as institutional adoption continues to grow behind the scenes.

Today's stories include Bitcoin's reaction to Iran strikes, XRP and Ripple's near-shutdown, the falling stablecoin market cap, Morgan Stanley-linked Bitcoin accumulation and what all of this could mean for the next major crypto market move.

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