According to Fox News, Minnesota Governor Tim Walz stated that China could now hold the 'moral authority' to negotiate Middle East peace following Israel's strikes on Iran. This geopolitical development may lead to increased market volatility, especially in the cryptocurrency sector, as traders react to potential shifts in global alliances and risk sentiment. Historically, heightened Middle East tensions and changes in diplomatic leadership have driven short-term spikes in crypto prices, particularly for Bitcoin (BTC) and Ethereum (ETH), as investors seek safe-haven assets or hedge against uncertainty (Fox News, June 13, 2025).