The Middle East is in flames again, and the market plummets: Israel and Iran fired missiles at each other, and the United States joined the interception defense

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The military conflict between Israel and Iran continued to escalate early Saturday morning, with both sides engaging in a new round of missile and air strikes. Air raid sirens sounded in multiple Israeli locations, including Tel Aviv and Jerusalem, with civilians urged to quickly enter shelters. The US military also intervened to help intercept incoming missiles. The Middle East situation is rapidly deteriorating, drawing high international attention.

Israel's Tough Warning: Tehran Will Pay the Price If Attacks Continue

Israeli Defense Minister Israel Katz issued a strong warning to Iran's Supreme Leader Khamenei on Saturday, stating that if Iran continues to launch missiles at Israeli civilians, Tehran will "pay a heavy price". Katz directly stated: "If Khamenei continues to attack Israeli territory, Tehran will be burned."

Iran Escalates Retaliation: Threatens to Expand Attacks to US Military Bases

According to Fars News Agency, senior Iranian military officials stated that retaliation attacks against Israel will continue, and they do not rule out expanding the strike range in the coming days to include US military bases in the Middle East. Iranian media claimed that "resolute retaliation has begun" and emphasized that this is a response to Israel's previous "brutal attack" on Iranian nuclear facilities.

Air Strikes Continue: Both Sides Activate Missile Defense Systems

Early Saturday morning, the Israel Defense Forces (IDF) confirmed that Iran launched missiles again. Israel's "Iron Dome" system was seen intercepting rockets over Tel Aviv. The IDF continues to urge civilians to enter bomb shelters until further notice. Meanwhile, Tehran also activated its air defense system, with civilians and media reporting hearing drones, missiles, and fighter jets flying overhead.

US Military Intervenes to Intercept: Deploys Destroyers and Missile Defense Systems

Three US officials confirmed to NBC that the US military is helping Israel intercept Iranian-launched missiles. The US had previously deployed military forces in the region, including naval destroyers stationed near Israel and ground-based THAAD and Patriot missile defense systems. Although US officials emphasized they are not directly involved in Israel's "unilateral action", US President Trump expressed satisfaction with Israel's military performance and emphasized that "they are using the most advanced American weapons in the world".

Israel Launches 'Lion's Operation': Attacking Iran's Nuclear Facilities and Missile Bases

Israel stated that it has launched attacks on Iranian nuclear facilities in Isfahan, Natanz, and other locations, with the military operation code-named "Operation Rising Lion". The IDF spokesperson stated that in addition to targeting nuclear facilities, this air strike also aims to weaken Iran's long-range missile capabilities. Meanwhile, Iranian media reported two explosions near the Fordo nuclear facility, which is built deep underground and is considered one of Iran's most critical nuclear projects.

Iran Suspends Nuclear Negotiations with the US, Diplomatic Efforts Stalled

Iran's state-run television announced that the sixth round of Iran-US nuclear negotiations scheduled for Sunday in Muscat, Oman's capital, has been "indefinitely suspended". US officials stated they still hope negotiations can continue, but the prospects currently look bleak. Iran's Supreme Leader Khamenei claimed: "Israel will not escape this criminal act without paying a price", and emphasized that Iran's response "will definitely not be half-hearted".

Market Volatility: Wall Street Stocks and Cryptocurrency Markets Decline Due to War Risks

Affected by the escalating Iran-Israel conflict, the three major US stock indices all fell sharply on Friday. The Dow Jones Industrial Average dropped over 700 points, a decline of nearly 2%; the S&P 500 and Nasdaq also each fell by more than 1%. Investors are concerned that the Middle East conflict could expand into a regional war, causing further impact on the global economy.

Besides traditional financial market fluctuations, the cryptocurrency market also showed significant volatility. Bitcoin remained at the $104,000 level but still declined 0.61% within 24 hours; Ethereum also weakened, dropping 1.35%. The worst performer was Sui (SUI), plummeting over 5% in a single day and nearly 27% in 30 days. Solana (SOL) and Cardano (ADA) also experienced monthly declines of 17% and 21% respectively, indicating that risk assets are under pressure from geopolitical tensions.

However, there were also bright spots. The emerging Hyperliquid (HYPE) surged over 55% in the past 30 days, becoming one of the fund safe havens. Overall, the cryptocurrency market, like traditional stock markets, is closely reflecting the dramatic fluctuations of war risks and investor sentiment.

[The rest of the document follows the same translation approach]

(Israel Raids Iranian Nuclear Facilities, Declares Nationwide "Special Emergency State")

BTC Drops to 103K Range, ETH Declines Nearly 10%

Bitcoin (BTC) dropped from its highest position of $108,813 yesterday to $102,664, then pulled back to the 103K range, with a decline of nearly 4.8%. Ethereum (ETH) fell from its highest price of $2,783 yesterday to as low as $2,450, a decline of nearly 10%.

The highly anticipated U.S. stablecoin bill, the 'GENIUS Act', passed a procedural vote in the Senate on 6/11 Eastern Time and is preparing to enter the review stage. Once passed, it is expected to bring positive benefits to the crypto market.

(GENIUS Act Enters Substantive Review! Treasury Secretary Praises: Stablecoin Market to Exceed $2 Trillion in Three Years)

Risk Warning

Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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