Kuwait condemns Iranian attacks on critical infrastructure as crypto markets feel the shockwaves

Kuwait and the GCC have condemned Iranian attacks on critical infrastructure in Bahrain, Kuwait, and Jordan, with the GCC citing war crimes. These geopolitical tensions coincided with significant crypto market volatility, as Bitcoin liquidations exceeded $1 billion. Furthermore, the US Treasury imposed sanctions on Iranian crypto exchanges. These events highlight the intersection of regional military conflicts and financial instability within the digital asset sector following the Iranian military actions on July 22.