A telecommunications official was killed and two others were injured on Iran’s Farur Island after US military strikes targeted communication infrastructure across the country. The broader campaign, spanning July 8-9, hit five Iranian provinces, and the fallout is now rippling through crypto markets in predictable but painful fashion.

According to Iran’s Health Ministry, at least 14 people were killed and 78 injured in the strikes, with 47 individuals still hospitalized as of July 9. The US focused on communication towers, surveillance systems, and military assets linked to Iran’s Islamic Revolutionary Guard Corps.

What happened and why it matters

US Central Command stated that the operations were a response to…