βA 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.β
βWhen he sank a short putt on the eighteenth hole, Rory McIlroy joined legendary golfers Jack Nicklaus, Tiger Woods, and Nick Faldo as the only back to back masters champions. He beat American Scottie Scheffler by one stroke.β
βOn 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.β
βThe Hungarian government under Orban has not been using the veto to protect Hungarian interest. It was using the veto to protect Russian interest. So that very clearly will need to stop.β
βSo far, the average refund is about 11% higher than this time last year, about $350 more according to data from the IRS. Michael Pierce with Oxford Economics expects that average will go up. That's because higher income filers typically procrastinate on filing and seem to be benefiting more from the new tax changes.β
βPresident Trump says the US Navy will begin a blockade of ships moving in and out of the Strait Of Hormuz today. The move follows twenty one hours of peace talks between The US and Iran and Pakistan where no agreement was reached to end the war.β
Trump disputes AI image while escalating Iran conflict
βThe post was deleted after many, including Trump supporters, criticized the imagery. Trump also said he won't apologize to to pope Leo after lashing out at the pontiff for his comments criticizing the war in Iran. Pope Leo called the president's threats last week to destroy Iranian civilization unacceptable.β
βMorgan 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.β
βThe NAR is revising its housing forecast down for the year. That's because the war with Iran has raised the cost of borrowing, and that sent mortgage rates up. The association went from rejecting a double digit increase in existing home sales to just 4%.β
Suspect charged in OpenAI CEO assassination attempt
βThe defendant is alleged to having traveled across state lines with the intent to both target an individual and a major technology company. This was not spontaneous. This was planned, targeted, and extremely serious.β
Swalwell suspends campaign amid sexual misconduct allegations
βWithin hours of those reports, nearly all of his major endorsers abandoned him. On x, Swalwell apologized for mistakes in judgment but denies the allegations. He's now facing calls from fellow Democrats in California to resign his house seat.β
FIFA hikes World Cup ticket prices to record highs
βWorld Cup tickets are getting even pricier. FIFA, the international governing body for professional soccer, is adding a more expensive tier. A ticket for a front category one seat at the US opener against Argentina in Los Angeles will cost as much as $5,470 according to the Associated Press.β
Satoshi unmasking lacks cryptographic proof of keys
βSatoshi 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.β
βWord of the blockade sent oil prices higher to more than $100 a barrel. Ships traveling between non Iranian ports are expected to be allowed to transit the Strait Of Hormuz during the blockade.β
House members resign over sexual misconduct allegations
βDemocratic California congressman Eric Swalwell and Texas Republican Tony Gonzalez are stepping down from their house seats, both bowing to pressure to leave congress or face expulsion following sexual misconduct allegations.β
Eric Swalwell suspends California gubernatorial bid
βDemocratic congressman Eric Swalwell is suspending his campaign for governor of California. He announced the suspension last night in a post on x amid allegations of sexual assault and misconduct, accusations the congressman denies.β
βHungary's prime minister, Viktor Orban, is conceding defeat to his former ally in yesterday's election. As Brussels now looks forward to working with a more pro European Hungarian leader, Moscow and the current White House administration have lost in Orban, a key ally in Europe.β
US blockades Iranian ports after failed peace talks
βThe US military is blocking ships from entering or exiting Iranian ports absent a peace agreement. The blockade was due to take effect two hours ago. US central command says the action will not, quote, impede freedom of navigation for vessels transiting the Strait Of Hormuz to and from non Iranian ports.β
βEffective 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.β
βThe US Navy now restricting the movement of ships in and out of the Strait Of Hormuz, part of a blockade of Iranian ports announced by president Trump Sunday after peace talks with Iran produced no agreement. Iran has remained defiant, saying it will not surrender to threats from The US.β