Recently, a shocking news that has drawn widespread attention in the Crypto Assets community: the pro-Israel Hacker organization Predatory Sparrow successfully infiltrated Iran's largest Crypto Assets exchange Nobitex, stealing approximately $90 million worth of Crypto Assets, including Bitcoin, Ethereum, and DOGE. These assets were subsequently transferred to a Wallet carrying clear political messages and were "destroyed" as a form of political statement.

This event goes beyond the simple realm of hacking; it actually represents a new form of blockchain political expression—transferring real-world geopolitical conflicts into the blockchain space through "burning assets," with each transaction carrying specific political messages.

It is worth noting that, despite the uproar caused by this event in the media, the price of bitcoin showed surprising stability and remained firmly in the range of $105,000 to $107,000.

This market reaction reveals an important trend: the cryptocurrency market is becoming immune to such "political events on the blockchain." Although politically driven on-chain operations can attract media attention, these events are ultimately seen as "internal blockchain events," and their impact has been effectively absorbed and digested by the market.

As blockchain technology becomes increasingly intertwined with geopolitical dynamics, it is foreseeable that more similar on-chain political actions will emerge in the future. In this context, it becomes particularly important to delve into the political and economic logic behind these events, rather than merely focusing on the superficial hype. A truly valuable analysis should focus on exploring who is leading these on-chain political actions and how various parties position themselves in this emerging battlefield.