This week, several cryptocurrency news may have a significant impact on the market. However, some will only affect specific ecosystems, and related tokens will show volatility.
Traders looking to leverage expected volatility should keep an eye on this week's cryptocurrency news and headlines.
Iran's Potential Retaliation Against the US Increases
Following the US President Donald Trump's instruction to attack Iranian nuclear facilities, the market anticipates retaliation. Iran has already closed the Hormuz Strait, limiting a major oil passage.
Reporter: Do you think there is a possibility that Iran, North Korea, and the other forces such as China will join forces and retaliate?
— The Intellectualist (@highbrow_nobrow) June 22, 2025
Pete Hegseth: Unfortunately, because of the policies of the previous administration, we drove those countries togetherpic.twitter.com/cPbZ2nocsf
Considering Iran's recent attack on the Tel Aviv Stock Exchange building, retaliation would not be surprising. This attack was a response to an Israeli-related cyber attack that affected Iran's banking system and destroyed millions of dollars in digital assets.
Iran's retaliation could cause a sharp decline in risk assets, and analysts speculate that BTC price might drop by 20%. As nations gather support amid heightened tensions, the impact on BTC price could be extreme.
Actions have Consequences. Here is everything that has happened since Trump bombed Iran:
— Brian Krassenstein (@krassenstein) June 22, 2025
– China and Russia strongly condemn US attack on Iran they claim violates UN charter.
– Iran's foreign minister says he will head to Moscow today, will meet Putin.
– IRGC Threatens to… pic.twitter.com/2L33SRaDZO
Injective Summit
Another cryptocurrency news event to watch this week is the Injective Summit starting on June 26, 2025, in New York. This event plays a crucial role in the blockchain financial ecosystem.
Injective, a high-performance Layer 1 (L1) blockchain, is expected to make key announcements related to the Injective EVM or Real-World Asset (RWA) modules, which will facilitate institutional adoption.
"Prepare for a game-changing announcement, major revelations, and to witness the next evolution of finance," the network recently stated.
Focusing on decentralized derivatives and interoperability, this summit may highlight new dApps or partnerships, based on a daily trading volume of $137 million.
Attendees expect updates on protocol governance or burn auctions that will strengthen INJ's deflationary model. The event will bring together developers, investors, and Web3 innovators to enhance Injective's borderless DeFi role.
Attendees include Thomas Cowan, Head of Tokenization at Galaxy Digital, Kyle Darcrus, Head of Digital Asset Products at Vaneck, Josh Olshevitz, Head of Trading at Canary Capital, and Federico Brocate, US Business Lead at 21 Shares.
Significant Announcement Expected in Infinex Ecosystem
The Infinex ecosystem is also included in this week's cryptocurrency news headlines. It is a DeFi protocol built on Synthetix and Base Chain.
Infinex is expected to make an important announcement on Tuesday, June 24, likely revealing Infinex Connect.
Things i'm most Excited about next on @infinex:
— Le ( revenge arc ) (@0xleegend) June 23, 2025
1. Infinex Connect
One of the most important features of Infinex is coming soon. With Infinex Connect, you'll only need a single login to access and use any dApps in 1 click.
Imagine this :
You want to use your @felixprotocol… pic.twitter.com/ly7VK6ScWG
This feature can improve the user experience of non-custodial wallets by simplifying cross-chain interactions between EVM chains and Solana. Infinex Connect can integrate protocols like Synthetix Perps V3 or Aave to provide seamless trading, staking, or lending.
After a $67 million Non-Fungible Token sale, Infinex aims to compete with centralized exchanges using a Web2-like UX. The announcement may clarify governance point conversion despite Kane Warwick's anti-airdrop stance.
Synthetix DEX Launch
Synthetix, a derivatives liquidity protocol, is set to launch a decentralized perpetual futures exchange on the Ethereum mainnet soon. This marks its return to the Optimism rollup.
This movement is aimed at establishing liquidity and reducing distribution problems faced in Layer-2 networks. The exchange is utilizing Synthetix's Perps V3 to provide low-slippage trades with sUSD and SNX collateral.
Derive's off-chain matching engine acquisition proposal (SIP-415, later withdrawn) well illustrates the project's ambitions for derivatives supporting its rapid speed.
With 170 million SNX staked and providing a 19.83% annual yield, this launch can attract substantial Total Value Locked.
23 Million BLAST Tokens Scheduled for Unlock
Another highlight of this week's cryptocurrency news is that 23.49 million dollars worth of BLAST tokens are scheduled to be unlocked on June 26th. This represents 34.94% of circulating supply, including 1.05 billion BLAST tokens. This massive unlock could trigger market volatility.
BLAST is related to Ethereum L2 scaling solutions, following the trend of significant unlocks like Taiko's 46 million dollar event.
Historical data suggests that large unlocks often trigger selling pressure, especially when early recipients cash out for initial profits. According to Tokenomist.ai, the tokens will be allocated to core contributors and investors.
The unlock could impact BLAST's price. At the time of writing, BLAST's price is at $0.00223 per token and has risen over 3% in the past 24 hours.
