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Trump orders naval blockade on Strait of Hormuz
โEffective immediately, the United States Navy, the finest in the world, will begin the process of blockading any and all ships trying to enter or leave the Strait Of Hormuz. He said the Navy would also intercept any vessel that had paid a toll to Iran, adding, quote, no one who pays an illegal toll will have safe passage on the high seas. And he finished with, at an appropriate moment, we are fully locked and loaded, and our military will finish up the little that is left of Iran.โ
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Iran demands Bitcoin for oil transit tolls
โA country cut off from the dollar system, cut off from SWIFT, cut off from correspondent banking, demanding payment for access to a fifth of the world's oil in Bitcoin. This is exactly why Bitcoin will matter more and more in geopolitics. Bitcoin is neutral and can't be sanctioned or censored. Iran is finding it useful for the same reason a protester in Russia or a working class saver in Argentina does.โ
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Satoshi unmasking lacks cryptographic proof of keys
โSatoshi controlled a set of cryptographic keys that can unlock around 1,000,000 Bitcoin that have never moved. Those keys are the only way to prove beyond any doubt who Satoshi is. Everything else is just circumstantial. Adam Back himself flatly denied the claims again. He said, quote, I'm not Satoshi, but I was early and laser focused on the positive societal implications of cryptography, online privacy, and electronic cash.โ
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Morgan Stanley Bitcoin ETF breaks debut records
โMorgan Stanley launched its spot Bitcoin ETF last week, and it drew in about $34,000,000 in inflows on its first day, making it the best performing ETF debut in the firm's entire history. Amy Oldenburg, Morgan Stanley's head of digital assets, said on Bloomberg TV, quote, it was the best first day of trading for any of our ETFs. Now I have to say the timing of this launch is fascinating because we're in the middle of a Bitcoin price drawdown.โ
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Strategy STRC volume exceeds Magnificent Seven liquidity
โOn Friday alone, Stretch traded $526,000,000 in volume, more than double its thirty day average of $258,000,000. Strategy CEO, Phong Li, said this week that Stretch is now trading with more liquidity as a percent of market cap than every single magnificent seven common stock. Not just some of them, all of them. That is crazy volume for a preferred stock.โ
