9 Jun - 16 Jun 2025

Good morning from the OSL trading desk. This week,度市Websocket实时结算推送 Bitcoin (BTC) climbed to $106,000 as market participants turned to digital assets amid escalating hostilities between Iran and Israel. The $100,000–$102,000 zone has emerged as a critical support level; if this threshold holds, BTC may target $112,000, with further upside potential reaching $115,000–$118,000. Conversely, a failure to sustain above this support could trigger a pullback toward $95,000. (illustration 1)

The Israel-Iran conflict has escalated into open warfare, with Israel conducting strikes on Iranian nuclear and military installations, resulting in high-profile casualties. In response, Iran launched a barrage of missile and drone attacks against Israeli urban centers. The unfolding crisis has heightened regional volatility and sparked global anxiety over potential nuclear escalation, leading to urgent appeals for de-escalation amid rising fears of a wider Middle East conflict.

Vietnam has taken a significant step toward digital finance by officially legalizing cryptocurrency use this week, marking a pivotal regulatory shift. The Ministry of Finance is now developing a comprehensive legal structure to foster blockchain innovation and attract investment. Given Vietnam’s digitally active population and strong crypto adoption trends, this move could accelerate the integration of digital assets into mainstream financial systems across Southeast Asia.

Sustainable energy company Vivopower has committed $100 million in XRP via the Flare network, while also incorporating Ripple’s XRP Ledger for treasury management. This strategic deployment aims to improve cross-border transaction efficiency and enhance operational transparency, reflecting growing institutional trust in XRP’s real-world applications despite persistent regulatory challenges.

Hong Kong is poised to permit retail investors to trade crypto derivatives under a new regulatory framework introduced by the Securities and Futures Commission (SFC). Authorized exchanges will soon offer futures and options products, broadening access to advanced trading strategies for individual traders. This development strengthens Hong Kong’s standing as a leading center for digital assets, enhancing its competitiveness against hubs like Singapore and Dubai.

Stripe has acquired Privy, a key embedded wallet provider utilized by platforms such as OpenSea and Blackbird, to bolster its Web3 infrastructure offerings. With over 75 million accounts supported, Privy will retain operational independence while integrating into Stripe’s broader crypto ecosystem, including its $1.1 billion Bridge stablecoin platform. The acquisition underscores Stripe’s long-term vision to expand its role in the decentralized web economy.

As always, feel free to reach out with any trading inquiries.