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Geopolitical risk in the Taiwan Strait is a structural factor for global markets, but it has been a persistent background risk for years. Crypto, being a global and 24/7 market, often reacts to such events only when there is a clear escalation (e.g., military confrontation, sanctions, or capital controls). The current exercises are designed to be more realistic, which may signal Taiwan's preparedness, but they are not a market-moving catalyst in isolation.

Taiwan conducted its annual Han Kuang military exercises, focusing on urban warfare training in civilian neighborhoods to simulate a Chinese invasion.

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The broader market is gripped by extreme fear (Fear & Greed 8), with BTC down 13.86% in the past week but bouncing 2.67% today. Altcoins like ETH are up 5.79%, hinting at a potential relief rally. Any non-crypto event is noise against this macro backdrop, which is the real driver for traders.

Teenage Engineering announced the APC-2 product.

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