🚨 Hot Crypto News June 13: Israel Attacks Iran, BTC Plunges – SEC Withdraws Controversial Rule

June 13, 2025 marked a turbulent day for the crypto market, as a flood of geopolitical shocks, regulatory updates, and project developments rocked the space. Below is a roundup of the most significant news from the past 24 hours.

⚔️ Israel Attacks Iran: BTC & Crypto Markets Dive

Israel launched a surprise offensive targeting dozens of Iranian nuclear and military facilities. The geopolitical shockwave immediately rippled across global markets, especially crypto:

• Bitcoin (BTC) plunged sharply, breaking psychological support levels.
• Altcoins followed suit with heavy sell-offs and liquidity declines, as investors fled to safe havens like gold and USD.

🐶 Meme Coin Crash: Aura and LABUBU Lose Market Cap

The geopolitical turmoil hit not only major coins but also meme tokens:

• Aura (on Solana) saw its market cap drop to $140 million.
• LABUBU plunged to $42.6 million, reflecting a sharp decline in investor confidence.

🦄 Uniswap Wallet Launches Smart Wallet Functionality

Uniswap, the leading decentralized exchange, has officially activated its smart wallet feature:

• Enables users to swap tokens with just one click.
• This marks a key step toward simplifying the DeFi experience for mainstream users.

🌐 WLFI Website Adds DApp Modules – Not Yet Live

• WLFI has updated its official website with trading, lending, and DApp modules.
• However, these features are not yet live, with users awaiting access to beta testing.

📈 Tencent to Acquire Nexon – NXPC Stock Soars

According to Bloomberg:

• Tencent is reportedly planning to acquire Nexon, the legendary game studio behind DNF and MapleStory.
• The news caused NXPC shares to spike in a short rally.

🛡️ Binance Wallet to Launch Game Project KAI Battle of Three Kingdoms

• A new TGE (Token Generation Event) titled KAI Battle of Three Kingdoms (SGC) will be launched by Binance Wallet on the afternoon of June 13.
• The project blends GameFi and NFTs with inspiration from the historical Three Kingdoms period.

⚖️ U.S. SEC Officially Withdraws Controversial “Custody Rule”

• The SEC has officially withdrawn the proposed “custody rule”, which would have expanded the definition and regulation of DeFi platforms under Rule 3b-16.
• This is seen as a positive sign for DeFi, reducing legal pressure on decentralized platforms.

🏛️ U.S. Senate to Vote on GENIUS Stablecoin Bill on June 17

• A final vote on the GENIUS stablecoin regulation bill is scheduled for June 17, 2025.
• If passed, the bill could provide a clearer regulatory framework for USD-pegged tokens in the U.S.

🌏 Ant International to Apply for Stablecoin License in Hong Kong

• Ant International confirmed that it plans to apply for a stablecoin license in Hong Kong.
• The application will be submitted as soon as regulatory channels officially open.

🇸🇬 Singapore Cracks Down – Unlicensed Exchanges Must Exit

• Singapore’s financial regulator has ordered all crypto exchanges without a domestic license to withdraw from the market immediately.
• This move aims to tighten oversight and protect local investors.

📌 Conclusion

The crypto world on June 13 witnessed global-scale disruptions—from war and regulation to tech innovation. Investors are treading cautiously, while governments and financial institutions begin to reshape the future of digital assets.

📍 Stay with us for daily updates on the most critical developments in crypto!