# Crypto 24-Hour Hotspot: Trump's Iran Ultimatum Disrupts Markets, DeFi Stablecoin Blows Up

Over the past 24 hours, the crypto market has experienced dramatic shifts. Triggered by Trump's 48-hour ultimatum to Iran (demanding the opening of the Strait of Hormuz or face strikes on power plants), oil prices surged and geopolitical risks spiked, causing risk assets to collectively pull back. Bitcoin (BTC) dropped below the $70,000 mark, now trading near $68,500, with a 24-hour decline exceeding 2.5%; Ethereum (ETH) fell over 3% to $2,080, XRP slid to $1.40, and the entire network saw nearly $300 million in liquidations, with long positions suffering heavy losses.

**DeFi Black Swan Reappears:** Resolv Labs' USR stablecoin came under attack, with hackers minting approximately $50-80 million in un-collateralized USR and cashing out $25 million, causing the stablecoin to crash and lose its peg (lowest at $0.14). The project team emergency paused the protocol and confirmed user assets remained intact, but market confidence took a severe hit.

**Positive Signals Emerge:** U.S. senators and the White House reached preliminary agreement on stablecoin yield rules, with the SEC/CFTC to jointly issue crypto asset guidance (clarifying multi-coin assets as digital commodities). Bitcoin mining difficulty dropped 7.8%, with miners losing nearly $20,000 per coin, causing some to pivot toward AI.

Near-term geopolitical and macro pressures persist; investors should closely monitor oil prices and regulatory developments while maintaining rational positioning for rebounds. The crypto market remains unpredictable—stability is paramount!