The largest crypto reversed sharply from a $80,594 high after Iran's Fars news agency claimed two missiles hit a U.S. warship, with oil spiking 5% before the U.S. denied the report. What to know : Bitcoin briefly topped $80,000 for the first time since January before sliding to about $79,000 after reports of a suspected Iranian missile strike on a U.S. patrol boat near Jask Island. The U.S. denied that any of its ships were hit, prompting oil and equity futures to pare sharp initial moves even as bitcoin held its decline amid renewed geopolitical tensions around the Strait of Hormuz. Other major cryptocurrencies remained higher on the day, with ether, Solana, XRP, BNB and dogecoin all up or only slightly lower, as traders weighed the Iran-U.S. standoff and recent regulatory optimism from the Senate’s Clarity Act compromise on stablecoin yields.

Artificial intelligence chip manufacturer and data center operator Cerebras Systems plans to raise $3.5 billion through an initial public offering, issuing 28 million shares of stock at $115 to $125 per share. According to documents submitted to the US Securities and Exchange Commission, the company had previously secretly submitted a listing application earlier this year and withdrew a registration application several months ago.

[Alex Thorn: The Urgency of Advancing the CLARITY Act is Tied to Senate Control] According to a post by Galaxy Research Head Alex Thorn on the X platform, the urgency of advancing the CLARITY Act has increased due to the intense competition for control of the U.S. Senate. If the Democrats control the Senate, Sherrod Brown may regain the chairmanship of the Senate Banking Committee; if he does not win the Ohio election, Elizabeth Warren might take over. Potential personnel changes could influence the regulatory direction of the crypto industry.

According to Lookonchain monitoring, a smart money address (which once profited $1.3 million on ASTEROID) spent 53.6 ETH (approximately $127000) today to buy 254000 satos at a price of $0.5, becoming the second largest holder of satos on the Ethereum network.

According to CoinDesk, Coinbase has integrated the DFlow protocol as the main trading router for the Solana ecosystem, reducing the transaction failure rate from about 1/30 to about 1/250, a decrease of 8 times. It has also improved liquidity coverage and optimized user transaction prices.