[Iranian crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs]
Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchang...

<p><img src="https://static.fwimg.io/img/1px.png" alt="Iranian crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs"></p><p>Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets.</p>

Iranian crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs

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Besides XPL, Hyperliquid whale are suspected of still attempting to apply a short squeeze strategy to WLFI, but this hasn't resulted in significant cascading liquidations. The price of the Hyperliquid WLFI contract spiked to 0.43 between 6:25 and 6:30 UTC+8 before quickly falling back. Binance saw no significant fluctuations during the same period. Both XPL and WLFI are assets with uncirculated tokens and relatively clear launch dates, leading to a significant number of users hedging their short positions using pre-market perpetual swaps.