Crypto Markets Hold Steady Amid Geopolitical Tension and Phantom's Sui Exit

The cryptocurrency market remains stable despite rising geopolitical tension and high leverage.

Phantom, a popular wallet provider, is ending its support for the Sui network on September 24, 2026. This decision follows a similar move to drop Monad in recent times.

Users will not lose their funds, but they must migrate their assets to another compatible wallet or exchange them for supported assets before the deadline. Phantom is offering fee-free swaps and providing in-app migration guidance.

The US Treasury Secretary has announced an aggressive financial campaign against Iran, targeting its economic lifelines. This move could impact oil prices, inflation, and global risk sentiment, increasing market volatility.