Iran's Islamic Revolutionary Guard Corps has accused Israel of launching air-launched ballistic missile strikes against targets inside Iran, hitting approximately 15 sites including a drone storage facility in Tehran. Explosions were reported in both Tehran and Isfahan. The accusation came just one day after Iran launched its own missiles toward Israel’s Ramat David airbase on June 7. The IRGC characterized that strike as a warning tied to escalating Israeli military actions in Lebanon.
The Iran-Israel conflict has been intensifying since 2024, fueled by broader regional hostilities involving Lebanon and Syria. A temporary ceasefire had been in place prior to this latest round of hostilities. Reports indicated that the ceasefire established in April of the same year was effectively dismantled as engagements resumed.
Previous military escalations in the Middle East, particularly involving Iran and Israel, have coincided with sharp price movements in Bitcoin and other major digital assets. Iran’s domestic crypto market adds another dimension. Exchanges like Nobitex, one of Iran’s largest crypto trading platforms, have historically shown increased trading activity during regional conflicts. Bitcoin ETFs now exist and institutional participation is orders of magnitude larger than during the last major Iran-Israel escalation cycle.