9 Jun - 16 Jun 2025
Good morning from the OSL trading desk.
Technical Analysis
Bitcoin (BTC) surged to $106,000 this week as investors flocked to digital assets amid intensifying tensions between Iran and Israel. The $100,000–$102,000 range now acts as a key support level; holding above it could set the stage for a push toward $112,000, with further upside potential at $115,000–$118,000. A break below support, however, could see BTC retreat to the $95,000 level. (illustration 1)
Israel-Iran conflict escalates, fueling global risk-off sentiment The Israel-Iran conflict has erupted into full-scale war, with Israel striking Iranian nuclear and military assets, killing top figures. Iran retaliated with a wave of missile and drone attacks on Israeli cities. The violence has triggered regional instability and global concern over nuclear escalation, prompting calls for restraint as fears of a broader Middle East war grow.
Vietnam legalizes crypto to drive digital transformation Vietnam officially legalized cryptocurrency use this week, signaling a major regulatory shift. The Ministry of Finance is crafting a legal framework to support blockchain innovation and investment. With a highly engaged, tech-savvy population and strong crypto adoption rates, Vietnam’s move could accelerate Southeast Asia’s embrace of digital assets in mainstream finance.
Vivopower invests $100M in XRP via Flare network Sustainable energy firm Vivopower is deploying $100 million in XRP through the Flare network, also integrating Ripple’s XRP Ledger for treasury operations. The initiative aims to streamline cross-border payments and boost transparency, underscoring institutional confidence in XRP's utility despite ongoing regulatory scrutiny.
Hong Kong to allow crypto derivatives for retail investors Hong Kong is set to greenlight retail trading of crypto derivatives under a new framework from the SFC. Licensed exchanges will soon offer crypto futures and options, expanding trading strategies for individual investors. The move strengthens Hong Kong’s position as a global digital asset hub, competing with Singapore and Dubai.
Stripe acquires Privy to expand Web3 infrastructure Stripe has acquired embedded wallet provider Privy—used by platforms like OpenSea and Blackbird—to enhance crypto onboarding tools for developers. Privy, supporting over 75 million accounts, will maintain autonomy while integrating with Stripe’s crypto suite, including its $1.1B Bridge stablecoin platform. The acquisition reinforces Stripe’s ambitions in Web3 infrastructure.
As always, reach out for any trading.