Bitcoin Surges as U.S. and Texas Boost Holdings by 50%

Bitcoin (BTC) has reclaimed its position in the market as geopolitical tensions have turned into strategic advantages. The U.S. and Texas have both increased their holdings of BTC as a treasury asset, indicating a growing acceptance of crypto's role in fiscal strategy. Meanwhile, FUNToken (FUN) surged over 50% due to tailwinds in Web3 gaming and protocol upgrades, while MOVE experienced a significant technical breakout. FORM also joined the rally as GameFi regained momentum, despite BULLA collapsing under sell-the-news pressure from a trading event.

FUNToken's surge was driven by key upgrades to its smart contracts and CertiK verification, which confirmed its immutable structure and lack of future inflation. These changes bolstered its position in the Web3 gaming space. Strategic accumulation on major exchanges and strong community interest also supported the rally.

Bitcoin's gains were fueled by news that Anthony Pompliano launched a $1 billion ProCap merger with $750 million raised for a new Bitcoin treasury strategy. Additionally, Texas created a state-funded Bitcoin Reserve, and the U.S. established a Strategic Bitcoin Reserve, reinforcing Bitcoin’s growing role in government-backed finance.

MOVE's price exploded by 30% after breaking out of a descending channel, signaling a technical reversal. Bullish momentum was supported by RSI and MACD indicators, and trading volume jumped nearly 475%. Despite prior negative fundamentals, whale accumulation and volatility-driven trading pushed the price upward.

BULLA plummeted nearly 36% due to a “sell-the-news” reaction following a trading competition launch. With a significant number of tokens set to be unlocked, traders likely front-ran the event with profit-taking. The crash was worsened by thin liquidity and an oversold RSI, with no technical reversal in sight.

FORM climbed nearly 10% as GameFi tokens gained traction, with the sector’s market cap rising significantly in June. Technical indicators such as RSI and MACD signaled a rebound, while FORM broke above key resistance levels. It remains one of the top GameFi tokens, with a substantial rise in recent months.

Global markets began the week on edge as the U.S. entered the Israel–Iran conflict, launching strikes on Iranian nuclear facilities. Initial fears spurred a spike in oil prices and sent crypto markets reeling over the weekend. However, investor nerves appeared surprisingly tempered by Monday, with the Dow gaining over 100 points as oil prices cooled. European defense stocks slumped, while U.S. names like Lockheed and Northrop edged up, and Asian markets closed mostly lower amid geopolitical uncertainty.

China’s stance on the Middle East crisis is shifting into a delicate diplomatic balance. While Beijing initially voiced strong support for Iran, it has since moderated its tone, aiming to avoid a direct confrontation with the U.S. Analysts suggest China could leverage the turmoil to indirectly pressure Western economies. Meanwhile, the Chinese yuan and Japanese yen saw volatility, as investors assessed energy dependencies and the potential for stagflation scenarios. Global oil flows, safe haven currencies, and regional defense equities are all under close watch, as markets brace for Iran’s next move.

Investor sentiment shows an unusual calm in the face of rising geopolitical risks. Bitcoin is being rebranded from a speculative asset to a sovereign reserve tool, backed by significant institutional raises. This evolution is drawing capital back into crypto, but selectively, with tokens that have solid fundamentals or sectoral narratives (like Web3 and GameFi) winning, while event-driven plays face ruthless selloffs.

This blend of macro tension and sector rotation is shaping a bifurcated market. Defensive positioning is visible in institutional Bitcoin moves, while retail players are chasing short-term rallies in technically primed or narrative-rich altcoins. As oil, fiat currencies, and geopolitics continue to stir volatility, momentum is returning, but only the strongest coins are riding it.