Blockent Report
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Covering crypto & finance without the noise.
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🚨 NEW: Risk of recession could rival the global financial crisis if the Strait of Hormuz remains closed through summer, warns Rapidan Energy Group, per Bloomberg.


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JUST IN: 🇰🇷 South Korea considers abolishing planned 22% crypto tax.



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🇺🇸 BIG: President Trump will swear in Kevin Warsh as the new Federal Reserve Chair at the White House at 11AM on Friday, succeeding Jerome Powell for a four-year term.


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TRUMP MEDIA IS NOW DOWN NEARLY HALF A BILLION ON BITCOIN

Trump Media just transferred another 2,650 Bitcoin worth roughly $205M to Crypto[.]com, bringing total recent BTC outflows to more than 4,600 BTC.

The company originally acquired 11,542 BTC for approximately $1.37B at an average price near $118,522 and is now reportedly down roughly $455M on its Bitcoin holdings.

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🎙 ARTHUR HAYES WARNS COINBASE BACKING CLARITY ACT HAS ITS OWN AGENDA

Brian Armstrong supports the Clarity Act, but Hayes says Coinbase is a public company first whose priority is making money for shareholders.

He says Armstrong's backing "does not mean that he has the best interest of the broader crypto ecosystem at heart.”

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👀 NEW: Putin told Xi Jinping the idea of storing Iran’s enriched uranium in Russia.

What could possibly go wrong?

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👀 CHINA IS PUTTING 100 HUMANOID ROBOTS INTO REAL HOMES THIS MONTH

Robots are moving into employee homes this month.

Not a demo.

Not a lab.

Rollout into actual family homes in Wuhan starts in 2027.

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🚨 BREAKING: South Korea’s 22% crypto tax is now under review after a petition to kill it passed 50,000 signatures.

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🚨 ALERT: ZachXBT says a Polymarket-linked UMA adapter on Polygon may have been exploited for at least $520K.

Read more:


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⚡️ JUST IN: The Trump administration is set to allocate $2 BILLION to QUANTUM computing firms.

That's the same tech crypto fears could one day threaten Bitcoin’s $BTC encryption.

Probably nothing.

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🔍 “MADE IN CHINA” used to mean it would BREAK in days

Now China is building screens that can bend, stretch, survive water, resist shattering, and still look insanely vivid.

Sorry, what year are we in again?

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🚨 HUGE: Trump is set to swear in Kevin Warsh on Friday as the first pro-Bitcoin Fed Chair.

He would be the first Fed Chair in history to have personally held $BTC before taking office, after disclosing over $100M in crypto-related investments.

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⚠️ ALERT: WORLD’S LARGEST PREDICTION MARKET HIT FOR $520K

ZachXBT has flagged a suspected exploit of Polymarket’s UMA CTF Adapter contract on Polygon, with reported losses now at $520K.

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🚨 JUST IN: Polymarket is seeking legal approval to launch prediction markets in Japan by 2030, per Bloomberg.

The platform has appointed a Tokyo representative and is preparing to lobby regulators.

Japan's offshore gambling market is estimated at ¥1.24 trillion ($8B+) annually.

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