by | Jun 13, 2025 | Business
The crypto market plunged over 7% amid escalating Israel-Iran conflict, renewed Trump tariff threats, and over $1.2B in liquidations. Bitcoin, Ethereum, and XRP led the selloff, while investors brace for further volatility driven by geopolitical risks, macro uncertainty, and massive options expiry.
The global cryptocurrency market suffered a severe blow on Friday, 13 June, with major digital assets plunging in response to a storm of negative catalysts, including geopolitical conflict, renewed U.S. trade tensions, macroeconomic concerns, and widespread liquidations.
Bitcoin, Ethereum, and XRP Lead the Drop
The price of Bitcoin (BTC) tumbled to an intraday low of $102,000, marking a 7% drop over the past 48 hours. Ethereum (ETH) and XRP followed suit, plummeting 10% and 7% respectively within the last 24 hours.
As of press time, Bitcoin had recovered slightly to trade around $104,155, while Ethereum was at $2,507 and XRP price at $2.11.
Overall, the global cryptocurrency market capitalization fell by over 7% in 24 hours to $3.3 trillion, according to CoinGlass data.
Israel-Iran Conflict Ignites Investor Fear
Markets were roiled early Friday by news that Israel launched a preemptive military strike on Iran, targeting strategic nuclear and military sites.
The attack reportedly resulted in significant casualties, including Iranian military leaders and civilians. Iranian officials have vowed a “harsh response,” raising fears of a broader regional war.
Israeli Prime Minister Benjamin Netanyahu declared the beginning of Operation Rising Lion, aiming to dismantle Iran’s nuclear capabilities. In response, Israel closed its main airport and raised national defenses to the highest level.
The White House swiftly issued a statement distancing the U.S. from the attack. Secretary of State Marco Rubio reiterated that the United States was not involved and that protecting American personnel in the region remains the top priority.
The geopolitical fallout immediately triggered a flight to safety: gold rose 0.75% to $3,428/oz, while crude oil spiked nearly 10% to $74 per barrel.
JPMorgan warned that oil could reach $120 if the conflict escalates, potentially pushing U.S. inflation back up to 5% from its recent 2.4% level.
Trump’s Tariff Threats Add to Market Volatility
Uncertainty deepened as former President Donald Trump signaled a return to protectionist trade policy. Trump announced plans to reintroduce sweeping tariffs aimed at pressuring U.S. trading partners, adding fuel to investor concerns.
While Treasury Secretary Scott Bessent hinted at a possible extension to the current 90-day tariff pause, markets reacted cautiously.
The fading optimism over a potential trade deal between the U.S. and China, combined with Trump’s demand for a 100 basis point Fed rate cut, compounded fears of macroeconomic instability, sending both traditional and digital markets into a tailspin.
$3.7 Billion in Options Expiry Sparks Liquidation Avalanche
One of the key technical drivers of Friday’s market crash was the expiry of over $3.7 billion in crypto options on Deribit. This includes 28,000 BTC options (worth over $3 billion) and 242,000 ETH options (worth $700 million).
The high volatility surrounding these expiries led to sharp position unwinding. BTC’s put-call ratio of 0.95 and Ethereum’s more bearish 1.20 reading reflected a shift in trader sentiment. The “max pain” points, $107,000 for BTC and $2,700 for ETH, indicated likely retracement levels.
CoinGlass data confirmed that crypto liquidations surged over 125% in one day, crossing $1.2 billion. An astonishing $930 million of long positions were wiped out in just 12 hours. The largest liquidation was a $201 million BTCUSDT order on Binance.
Over 247,000 traders were liquidated, with BTC and ETH accounting for the lion’s share of losses. Whales also contributed to the selloff, as seen with one notable wallet depositing 1,000 BTC (worth $106 million) to Binance after accumulating it at an average price of $18,665.
Support Levels Breached Across the Board
Bitcoin broke below its key support level at $106,000 and the June open, setting off a cascade of forced selling.
Ethereum mirrored this weakness, dropping below its $2,650 support. XRP also failed to hold above $2.20, despite positive sentiment stemming from Ripple’s ongoing legal resolution efforts with the U.S. SEC.
Solana (SOL) plunged 11% to $141, Dogecoin (DOGE) fell 2.5% to $0.19, and Binance Coin (BNB) slipped 4% to $597. Altcoins across the board suffered as the crypto market entered oversold territory, with the Relative Strength Index (RSI) dropping to 28.
Interestingly, despite the carnage, the Crypto Fear & Greed Index remained in the “Greed” zone at 54.
A “Bull Trap” or Start of a Deeper Correction?
Thursday’s market behavior now looks like a classic “bull trap.” Initially, crypto assets rallied following a surprisingly low U.S. CPI reading of 2.4%, but this optimism was swiftly replaced by fear amid cascading liquidations, geopolitical risk, and technical breakdowns.
Analysts say the market had already shown signs of weakening demand, especially for Bitcoin. According to CoinPanel’s Dr. Kirill Kretov, “Macroeconomic uncertainty is still high, and with thin liquidity, even moderate players can move prices significantly.”
What Comes Next? Analyst Outlooks
Despite current volatility, many experts maintain a bullish long-term view:
1. Bitcoin (BTC): Analysts forecast consolidation between $100,000–$120,000. Bitfinex projects $115,000 by early July, while Fundstrat’s Tom Lee suggests a year-end target between $150,000 and $250,000.
2. Ethereum (ETH): A summer rally could see ETH revisit $2,800–$3,000 levels, supported by rising institutional interest.
3. XRP: The June 16 SEC lawsuit outcome remains a key catalyst. A favorable verdict could ignite a rally above $2.50, while a negative ruling may push it toward $1.80 or lower.
4. Dogecoin (DOGE): Technical resistance at $0.25 remains a barrier. Without fresh momentum, a dip toward $0.15 is possible.
Conclusion: A Cautionary Turning Point
Friday’s meltdown was a sobering reminder of the fragility of risk assets in a high-volatility, high-uncertainty environment. Whether this marks the start of a broader downtrend or a temporary correction remains unclear.
What is certain, however, is that traders and investors alike are in for a turbulent ride ahead, as global tensions, U.S. politics, and market mechanics continue to collide.
As the world watches developments in the Middle East and the financial markets react, one thing is clear: the age of crypto is no stranger to chaos, and opportunity.
This Press Release has also been published on VRITIMES
by | Jun 13, 2025 | Business
Kuala Lumpur, Malaysia – [29 Mei 2025, Khamis] – Untuk Siaran Segera
Sebagai pihak utama dalam mempromosikan inisiatif baharu yang bertujuan meningkatkan penghargaan global mengenai produk pertanian terbaik dari Eropah, Kesatuan Koperasi Pertanian Kebangsaan Greece (ETHEAS) dan Jawatankuasa Tenusu Latvia (LDC) kini memberi tumpuan kepada penawaran tenusu luar biasa dari Latvia yang disesuaikan khas untuk pengguna di Malaysia.
Kempen “Produk Eropah Premium” di bawah program inisiatif “Langkah-Langkah Penyediaan Maklumat dan Promosi Produk Pertanian di Kanada, Malaysia dan Korea Selatan” bertujuan untuk meningkatkan pengiktirafan global terhadap keunggulan pertanian Eropah. Objektif utamanya adalah untuk meningkatkan kesedaran, memperkukuh pengiktirafan pengguna, merangsang penggunaan, dan akhirnya menggalakkan eksport produk premium Eropah ke Malaysia, Kanada dan Korea Selatan.
Kempen ini menampilkan pelbagai jenis produk bertaraf tinggi dari Greece dan Latvia. Kategori pertama mempamerkan 11 produk yang diperakui PDO daripada Greece, termasuk minyak zaitun, buah zaitun meja, anggur kering, kuma-kuma, keju keras, serta gam mastik dan minyak gam mastik. Latvia pula dengan bangganya memperkenalkan pelbagai produk tenusu tulen – khususnya keju – yang amat serasi dengan cita rasa rakyat Malaysia.
Keju Latvia: Kualiti Artisanal untuk Pengguna Moden
Sektor tenusu Latvia terkenal dengan komitmennya terhadap kualiti dan tradisi, menghasilkan keju yang menggabungkan teknik turun-temurun dengan inovasi moden. Antara eksport paling bernilai dari Latvia ialah produk tenusu unggulnya, terutamanya pelbagai jenis keju yang diraikan kerana rasa yang kaya, kaedah pengeluaran yang bersih, serta kemahiran pembuatan tradisional. Keju Latvia dihasilkan menggunakan susu segar berkualiti tinggi yang diperoleh daripada ladang tenusu tempatan yang mematuhi piawaian ketat Kesatuan Eropah dari segi keselamatan, kebajikan haiwan, dan kawalan kualiti.
Industri pembuatan keju di Latvia menawarkan pelbagai jenis produk, termasuk:
- Keju separa keras dan keras dengan profil perisa dari lembut hingga ke mantap
- Keju salai dengan aroma yang tersendiri, sesuai untuk hidangan berpinggan atau dilelehkan
- Keju lembut segar yang sesuai untuk sapuan, salad, atau resipi gabungan (fusion)
Bebas daripada bahan tambahan dan pengawet tiruan, keju-keju dari Latvia memenuhi permintaan yang semakin meningkat di Malaysia terhadap produk semula jadi, berkhasiat dan berlabel bersih.
Selera Multikultural Malaysia Menerima Keju dalam Masakan Fusion
Pasaran tenusu Malaysia sedang mengalami pertumbuhan pesat disebabkan oleh peningkatan kesedaran kesihatan, pendapatan yang semakin meningkat, pembandaran, dan pengaruh budaya Barat. Pasaran makanan tenusu di Malaysia telah berkembang secara konsisten, didorong oleh kefahaman pengguna yang semakin mendalam tentang manfaat pemakanan produk tenusu.
Sebagai sebuah negara yang berbilang kaum dan berbudaya penuh warna-warni, Malaysia terkenal dengan kepelbagaian kulinari yang menggabungkan rasa tradisional dengan pengaruh global. Dalam beberapa tahun kebelakangan ini, keju telah muncul sebagai ramuan kegemaran rakyat Malaysia, dan kini digunakan dalam pelbagai hidangan — daripada makanan jalanan tempatan hingga ciptaan fusion moden. Sama ada nasi lemak bertabur keju, roti dengan mozzarella, atau pasta sambal pedas bersama parmesan, rakyat Malaysia kini semakin kerap memasukkan produk tenusu ke dalam hidangan harian mereka. Selera yang semakin meningkat ini mencerminkan trend yang lebih luas, di mana ramuan Barat — terutamanya keju — dimasukkan secara kreatif ke dalam masakan tradisional, menjadikannya lebih unik dan menarik kepada generasi muda yang lebih berani mencuba.
Melihat kepada kegemaran rakyat Malaysia terhadap segala jenis keju, pasaran Malaysia yang berkembang kini semakin menerima produk tenusu premium yang seimbang antara kenikmatan dan kesihatan. Empat kategori produk Latvia (produk tenusu, gula-gula buah-buahan, coklat dan konfeksi, serta snek masin), terutamanya keju Latvia, sangat serasi dengan landskap ini kerana rasa asli dan nilai pemakanannya.
Produk tenusu Latvia yang serba boleh membolehkan ia diguna dalam pelbagai aplikasi masakan, daripada hidangan Barat tradisional hingga kepada masakan fusion Asia yang inovatif. Selain itu, pengeluar tenusu Latvia juga mengamalkan amalan pengeluaran yang telus dan bersih, menjadikannya sesuai untuk pengguna sensitif terhadap halal yang mencari produk tenusu Eropah yang selamat dan dihasilkan secara beretika.
Mengukuhkan Hubungan Melalui Cita Rasa Bersama
Malaysia merupakan salah satu negara utama untuk memulakan penerokaan ke pasaran Asia Tenggara, di mana kualiti premium dan keselamatan makanan produk tenusu Latvia menjadi keutamaan kepada pengguna. Berdasarkan kecenderungan rakyat Malaysia terhadap produk tenusu seperti susu, keju, mentega, sapuan, dan dadih, Jawatankuasa Tenusu Latvia yakin bahawa produk tenusu berkualiti dapat membawa keunggulan Latvia terus ke komuniti dan peruncit di Malaysia, sambil menawarkan piawaian baharu dalam rasa dan kepercayaan pengguna. Ini merupakan peluang terbaik bagi rakyat Malaysia untuk menerokai produk tenusu dan keju berkualiti tinggi sambil berinovasi dalam budaya pemakanan yang pelbagai di negara ini.
Memupuk Keselamatan, Kualiti dan Kebajikan Haiwan
Kempen ini menekankan tiga tema utama: keselamatan produk, kualiti unggul dan kebajikan haiwan — yang amat berkaitan dalam sektor tenusu. Semua produk Latvia yang terlibat dalam kempen ini dihasilkan di bawah peraturan ketat Kesatuan Eropah, memastikan produk tersebut mematuhi piawaian global tertinggi.
Untuk maklumat lanjut mengenai kempen “Produk Eropah Premium”, sila layari laman sesawang https://premiumeuropeanproducts.eu/ atau hubungi kami melalui emel di info@premiumeuropeanproducts.eu.
Laman media sosial khas untuk program ini boleh didapati di Instagram, Facebook dan YouTube: @premiumeuropeanproducts.
Nota kepada Editor
Mengenai Kesatuan Koperasi Pertanian Kebangsaan Greece (ETHEAS)
Ditubuhkan oleh koperasi terkemuka di Greece dan berdasarkan undang-undang Greece, ETHEAS merupakan badan penyelaras kebangsaan bagi Koperasi Pertanian di Greece. Dengan lebih daripada 300 koperasi ahli yang mewakili kira-kira 80% daripada jumlah perolehan koperasi pertanian Greece, ETHEAS bertujuan untuk memajukan pembangunan luar bandar dan koperasi, menyokong serta mempromosikan aktiviti ahlinya di peringkat domestik dan antarabangsa, memberikan pandangan pakar mengenai pergerakan koperasi, pengeluaran pertanian dan pembangunan sektor, menyelia penyebaran serta promosi idea koperasi, serta memberikan khidmat dan pendidikan kepada ahlinya melalui kajian, projek penyelidikan dan tugasan.
Mengenai Jawatankuasa Tenusu Latvia (LDC)
Jawatankuasa Tenusu Latvia (LDC), yang ditubuhkan pada tahun 1995, mewakili sektor pemprosesan tenusu di Latvia dan bertujuan untuk melindungi kepentingannya. LDC terdiri daripada 17 ahli yang memproses kira-kira 80% daripada jumlah pengeluaran susu industri di Latvia.
This Press Release has also been published on VRITIMES
by | Jun 13, 2025 | Business
In anticipation of Malaysia’s upcoming nationwide E-Invoicing mandate in August 2024, Koshidaka Malaysia organised an internal training session to enhance staff readiness and understanding of the new system. The session featured insights from certified professionals in accounting and tax compliance.
On 12 June 2025, Koshidaka Malaysia (Karaoke Manekineko) held an in-house
training session focused on the upcoming implementation of Malaysia’s national
E-Invoicing system. The session, held at the company’s headquarters, featured a
team of HRDF-certified trainers from YYC—one of Malaysia’s leading professional
accounting and tax advisory firms.
The
training aimed to provide employees with a clear and practical understanding of
E-Invoicing, which will become mandatory nationwide beginning August 2024. It
covered a wide range of essential topics, including the rationale behind the government’s
transition to a digital invoicing system, an overview of E-Invoicing concepts,
technical and procedural implementation steps, and the compliance requirements
businesses must follow.
The trainers used real-life case studies and interactive discussions to
highlight how E-Invoicing will affect daily operations for businesses of
various sizes. Employees engaged actively, gaining insight into not only the
formal structure of E-Invoicing but also its wider implications on operational
transparency and financial reporting.
In addition to corporate relevance, the session also touched on how
E-Invoicing applies to individuals—such as freelancers and self-employed
professionals—underscoring its role in promoting personal financial discipline
and tax compliance.
Koshidaka Malaysia emphasised the importance of early preparation,
stating that staying informed and upskilling employees are essential strategies
for navigating regulatory changes. The company plans to continue hosting
similar knowledge-sharing initiatives as part of its commitment to responsible
business practices and continuous improvement.
This Press Release has also been published on VRITIMES
by | Jun 13, 2025 | Business
Melbourne-based Galcon Contractors was commissioned by the Department of Education to deliver concrete paths and compliant access ramps across multiple schools during holiday periods, improving safety, accessibility, and movement while minimising disruption.
Across Melbourne, schools are quietly improving how students and staff move through their grounds — with new access paths and ramps helping bring facilities in line with evolving safety and accessibility standards. Galcon Contractors, a Melbourne-based concreting firm, was recently engaged by the Department of Education to deliver a series of upgrades across multiple schools. These included the construction of concrete pathways and compliant access ramps, designed to support ease of movement and improve everyday usability.
The upgrades were delivered across multiple sites during school holiday periods, ensuring no disruption to school operations. Galcon’s civil-scale project experience and detailed scheduling capabilities made them a natural choice for coordinating the rollout.
With a growing reputation for delivering high-quality concreting solutions in the education, government, and commercial sectors, Galcon Contractors continues to support infrastructure that’s built to last — and built to serve.
This Press Release has also been published on VRITIMES
![[KnoWaterleak: Case Study] A Local Government with a population of 100k-200k in Japan](https://slvrdlphn.com/wp-content/uploads/2025/06/public-137-1080x627.)
by | Jun 12, 2025 | Business
- Achieving 6× More Effective Leak Detection and 79% Cost Reduction –
Tokyo, Japan – June 12, 2025 – Tenchijin Inc., a space-tech innovator, announces the implementation of its “KnoWaterleak” solution in a Japanese local government. This digital transformation (DX) solution for water utilities leverages satellite dataleverages satellite data to support sustainable water infrastructure management and has significantly improved both leak detection efficiency and cost-effectiveness. In municipalities with populations between 100,000 and 200,000, the solution achieved 6 times higher efficiency in leak detection and a 79% reduction in leakage survey costs.
Addressing Underground Infrastructure Challenges
Water infrastructure faces critical challenges due to aging underground pipelines that are difficult to assess from the surface. In Malaysia, water leakage is expected to cause RM4 billion in losses by 2030, with non-revenue water rates reaching critical levels in many states. The situation is worsening primarily due to aging infrastructure and insufficient maintenance. (Source: Malaysian Water Association) Both in Japan and globally, local governments face a critical challenge. In Japan, over 176,000 kilometers of water pipes installed during the 1960s economic boom are now past their 40-year service life. Meanwhile, globally, aging infrastructure and constrained budgets are placing immense pressure on municipal resources. With replacement costs averaging 200 million yen per kilometer, this creates an unprecedented financial burden for local governments worldwide.
Breakthrough Results in Leak Detection and Cost Efficiency
1. Six-fold Increase in Leak Detection Efficiency
Traditional acoustic surveys detected an average of 0.7 leaks per 10 km of pipeline.
With KnoWaterleak’s technology integration, this increased to 4.2 leaks per 10km
– a six-fold improvement in detection efficiency.
2. Significant Cost Reduction in Leak Detection and Risk Assessment Surveys
Traditional survey costs averaged 25,000 MYR (860,000 JPY) per leak detection. The implementation of
KnoWaterleak reduced this to approximately 5,200 MYR (180,000 JPY) per leak. Including both
technology costs and acoustic surveys, this represents a 79% reduction in total survey expenses,
enabling more effective utilization of limited budgets.
3. Precise Risk Assessment and Targeted Detection
– The system’s risk assessment proved highly accurate, with 40% (50 locations) of all leaks identified in high-risk areas:
– E-rated areas (highest risk, shown in red) comprise only 3% of total area but contained 10% (12 locations) of discovered leaks
– D-rated areas (second highest risk, shown in orange) represent 17% of total area and contained 30% (38 locations) of leaks
– Combined, these high-risk areas (E and D ratings) representing just 20% of the total area yielded 40% (50 locations) of all leak
detections. These results demonstrate the effectiveness of the system’s risk assessment and validate the prioritization strategy
for high-risk zones.
The implementation of KnoWaterleak represents a significant advancement in water infrastructure management, demonstrating that satellite technology can revolutionize traditional utility operations. The remarkable improvements in leak detection efficiency and cost reduction showcase the potential of space technology in solving earthbound challenges.With aging water infrastructure becoming a global concern, solutions like KnoWaterleak offer a scalable, data-driven approach to infrastructure maintenance. The system’s proven ability to accurately identify high-risk areas while significantly reducing operational costs makes it a valuable tool for municipalities worldwide facing similar challenges.As water infrastructure continues to age globally, the need for innovative, cost-effective solutions becomes increasingly critical. Tenchijin’s success in Japanese municipalities serves as a model for how space technology can be effectively applied to enhance infrastructure management and ensure sustainable water supply systems for future generations.
This Press Release has also been published on VRITIMES
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