Crypto on Alert- Injective & Synthetix Plan Big Moves Amid Rising Tensions
Crypto on Alert– This week, crypto traders are closely watching global developments, especially the rising geopolitical tensions between Iran, the US, and Israel. After the recent U.S. airstrikes on Iran’s nuclear sites, Iran retaliated by targeting Israel’s Stock Exchange building in Tel Aviv. In a significant move, Iran also closed the Strait of Hormuz, a critical oil passage, adding fuel to market uncertainty.
Such geopolitical escalations often trigger high volatility in risk assets. Some analysts suggest that Bitcoin could face up to a 20% drop if tensions intensify further. With global markets already on edge, any new military action or diplomatic fallout may act as a severe bearish catalyst for crypto prices.
Injective Summit Poised for Major Blockchain Reveal
On June 26, the Injective Summit will take place in New York, drawing attention from DeFi enthusiasts and institutional players alike. Injective, a high-performance Layer 1 blockchain, is expected to unveil groundbreaking updates—possibly linked to its EVM integration or Real-World Asset Module.
In a recent statement, the team teased: “Get ready to witness game-changing announcements, major reveals and the next evolution of finance.”
The summit will host key figures from Galaxy Digital, VanEck, 21 Shares, and Canary Capital. With over $137 million in daily trading volume, any Injective update could significantly influence market sentiment in the DeFi sector.
Infinex and Synthetix Developments Add to Momentum
On June 24, Infinex may reveal “Infinex Connect”—a feature designed to streamline multi-chain DeFi interactions across EVM and Solana. It may support integrations like Aave and Synthetix Perps V3, pushing DeFi toward a smoother, Web2-style experience.
Meanwhile, Synthetix is preparing to launch its decentralized perpetual futures exchange on Ethereum Mainnet, enhancing its position in the derivatives space through its Perps V3 model.
üDisclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
