SharpLink accumulated a net purchase of 39,196 ETH over three days, spending a total of $62.43 million.
According to monitoring by Onchain Lens, Ethereum treasury-linked firm SharpLink Gaming purchased another 29,196 ETH today, worth approximately $46.7 million. Over the past three days, it has accumulated a total of 39,196 ETH, with total spending around $62.43 million. This large-scale ETH accumulation comes amid renewed escalation of Middle East tensions and rising market risk aversion. Earlier on June 23, SharpLink, together with Bitmine and Ethereum co-founder Joseph Lubin, co-founded non-profit organization Ethlabs, positioned as a new entity taking over some functions of the Ethereum Foundation. SharpLink subsequently resumed ETH purchases on June 26.
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Iran's Revolutionary Guard Corps claimed to have struck 8 U.S. targets, threatening that U.S. military bases would face "hell".
According to Press TV, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have carried out strikes on 8 US targets in the region, issuing a stern warning that US bases in the Middle East "will experience hell in these days". The IRGC's Navy Command also warned it would take "tougher" measures against vessels transiting the Strait of Hormuz, further stoking fears of a renewed blockade of the strategic waterway. The statement comes just days after the US-Iran ceasefire deal took effect, marking a sharp reversal of the situation. Oil prices, safe-haven assets and financial markets are closely monitoring developments, with geopolitical risk premiums likely to be repriced rapidly.
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Iran: Ceasefire violations will lead to the full suspension of all related processes, along with missile and drone strikes targeting Kuwait and Bahrain.
According to Iran's Tasnim News Agency, the Islamic Revolutionary Guard Corps (IRGC) said its Navy and Aerospace Forces had jointly carried out missile and drone operations against Kuwait and Bahrain in response to recent U.S. strikes on Iran. The IRGC also warned that any violation of the ceasefire agreement would breach the deal between the two sides and could lead to a complete halt of all ongoing related processes. The IRGC stated it would respond to future violations of the agreement with harsher measures, and any "hostile aggression" would face a "devastating response". Additionally, the IRGC accused the U.S. of attacking five Iranian coastal outposts under the pretext that the IRGC Navy had intercepted vessels violating Iran's territorial waters. U.S. President Donald Trump previously posted that the U.S. military had just struck Iran's missile and drone storage sites and coastal radar stations, claiming Iran had again violated the ceasefire agreement. Trump also threatened: "There will come a time when we will no longer exercise restraint and be forced to complete the operations we have already successfully initiated by military means. If that day comes, the Islamic Republic of Iran will cease to exist!"
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Fidelity refutes the claim that Bitcoin halving undermines the cryptocurrency’s security: Miners’ daily revenue has risen from $26,300 to $40.2 million.
Fidelity Digital Assets recently released a research report addressing concerns that Bitcoin’s halving will long-term weaken the network’s security. The report’s author, Fidelity research analyst Daniel Gray, noted that Bitcoin network security does not solely depend on block rewards; transaction fees, market incentives, and other economic forces also continuously motivate miners to maintain network security, making sustained attacks prohibitively costly.
On the data front, Gray pointed out that while block subsidies have continued to decline, the rise in Bitcoin’s price has largely offset this impact. Miners’ average daily revenue has surged from roughly $26,300 during Bitcoin’s first halving cycle to over $40.2 million today. He wrote: “Despite the decline in issuance, miner incentives—and by extension, network security—have historically strengthened alongside Bitcoin’s price growth.”
Since Bitcoin’s fourth halving in April 2024, miners’ per-block subsidy has dropped from 6.25 BTC to 3.125 BTC. However, the report’s optimistic conclusion stands in sharp contrast to the reality of publicly traded mining companies. Multiple industry analysts have described the current period as one of the most challenging mining environments on record, driven by concurrent declines in block rewards, rising operating costs, and intensifying competition.
In response, several mining firms have begun transitioning to AI and high-performance computing sectors, leveraging their existing power infrastructure to meet AI computing demand. VanEck estimates that public mining companies may need to raise up to $50 billion in additional capital to fully transition to AI infrastructure, though AI data centers have far higher requirements for facility standards, cooling, power redundancy, and networks than traditional Bitcoin mines, making the transition’s difficulty non-negligible.
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Amid escalating tensions between the US and Iran, an oil tanker was attacked in the Strait of Hormuz.
According to CNBC, a tanker in the Strait of Hormuz was hit by gunfire on Saturday, the latest sign of renewed tensions between the U.S. and Iran. The two sides had previously reached a temporary agreement aimed at ending hostilities in the region. The United Kingdom Maritime Trade Operations (UKMTO) said a vessel in the strait was struck by an "unidentified flying object", suffering hull damage, though the crew was reported unharmed. Bahrain also condemned an Iranian drone attack on Saturday, labeling it a "flagrant violation" of its sovereignty. The new attacks unfold as the U.S. and Iran were supposed to be in 60-day ceasefire talks negotiating an end to the conflict, but both nations have accused each other of breaching the agreement’s terms.
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Trump says US military strikes Iranian missile and drone storage sites
U.S. President Trump said local time on the 27th that the U.S. military had just struck Iran’s missile and drone storage sites and coastal radar stations, as Iran had once again violated the ceasefire agreement. Trump also threatened: “There will come a time when we will no longer exercise restraint and be forced to use military means to complete the operations we have already successfully initiated. If that day comes, the Islamic Republic of Iran will cease to exist!” U.S. Central Command released a statement on social media on the 27th, noting that the U.S. military carried out a new round of strikes on multiple targets inside Iran that day. The military operation was a direct response to “Iran’s continuous actions targeting merchant ships”, with U.S. warplanes striking targets including Iran’s military surveillance facilities, communication systems, air defense positions, drone storage facilities, and mine-laying equipment.
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