According to President Trump on Truth Social, a complete ceasefire between Iran and Israel was announced, driving Bitcoin (BTC) to surge nearly 3% to over $106,000 after a recent low of $98,500. Reuters confirmed the agreement, with altcoins like Ether (ETH), XRP (XRP), and Solana (SOL) gaining 8-10%, while U.S. stock futures rose 0.5% and oil prices fell.

According to @Acyn, the crypto industry is losing its cypherpunk values, with companies like Coinbase engaging in political sponsorships and Ripple increasing lobbying efforts, which could heighten regulatory scrutiny and market volatility. This ideological dilution may undermine long-term investor confidence in decentralized principles, despite current gains like BTC rising 4.2% to $105,087 and ETH up 8% to $2,411.