The White House Plans To Give US Agencies Access To Anthropic's Mythos, Despite Previously Banning All Anthropic Government Use Following Department Of War Dispute: BBG

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IRAN’S FOREIGN MINISTER: IN LINE WITH THE CEASEFIRE IN LEBANON, PASSAGE FOR ALL COMMERCIAL VESSELS THROUGH STRAIT OF HORMUZ IS DECLARED COMPLETELY OPEN FOR THE REMAINING PERIOD OF CEASEFIRE, ON THE COORDINATED ROUTE AS ALREADY ANNOUNCED BY PORTS AND MARITIME ORGANISATION OF THE IRAN: INFINITYHEDGE

[i might be bearholed so take me w a pinch of salt or ignore me completely]

same stance, even if SoH's opening is permanent idt supply chains can simply go back to business as usual in a snap

refer: https://x.com/dpycm/status/2045034804887044284?s=20

markets pricing quick resolutions but remain disconnected w reality (physicals)

if uncertain best to not do anything

currently have some long scalps, but nothing of size

i always believe that the market is always right, so i won't fight it until the trend changes

also, volume seems to be picking up in the trenches, might be worth a scalp on hot narratives, but nothing is worth holding don't forget

🚨 IF U.S. NAVAL BLOCKADE PERSISTS, TEHRAN WILL CONSIDER IT A VIOLATION OF CEASEFIRE AND WILL CLOSE STRAIT OF HORMUZ, IRANIAN OFFICIAL TELLS FARS
(@WalterBloomberg)

THE TWITTER RHETORIC AND BASELESS STATEMENTS OF THE ENEMY ARE AIMED AT STRIPPING THE IRANIAN NATION OF THEIR SENSE OF PRIDE FOR THE GREAT VICTORIES THEY HAVE ACHIEVED THROUGH THEIR RESOLUTE DEFENSE.

THE CONDITIONAL AND LIMITED REOPENING OF A PORTION OF THE STRAIT OF HORMUZ IS SOLELY AN IRANIAN INITIATIVE, ONE THAT CREATES RESPONSIBILITY AND SERVES TO TEST THE FIRM COMMITMENTS OF THE OPPOSING SIDE. IF THEY RENEGE ON THEIR PROMISES, THEY WILL FACE DIRE CONSEQUENCES.

لفاظی‌های توئیتری و اظهارات بی‌پایه دشمن، در جهت سلب احساس افتخار ملت ایران برای پیروزی‌های بزرگی است که در دفاع مقتدرانه کسب کرده‌اند.
بازگشایی مشروط و محدود بخشی از تنگه هرمز ، صرفا ابتکاری ایرانی، مسئولیت‌آفرین و برای آزمون تعهدات قطعی طرف مقابل است. بدعهدی کنند، بد می‌بینند. - سيد مهدي طباطبايي ...

AI summary:

Taiki Maeda: "The BTC Bottom — Climbing a Wall of Worry"

Core thesis: Bitcoin has already bottomed. We're in the most skeptical rally in crypto history — and that's exactly where the opportunity is.

The key arguments:

1. Historic fear at a historic price
BTC was at ~$74K but the Fear & Greed Index hit its lowest reading *ever* — lower than FTX collapse, Luna crash, and COVID. When everyone has already sold or shorted, there are no marginal sellers left. Extreme fear = contrarian bullish signal.

2. The 4-year cycle is broken
BTC has decoupled from the halving boom-bust cycle. Strong assets can grind higher like equities on a "wall of worry" — rallying while participants remain skeptical. This is not the pattern most traders are positioned for.

3. The Saylor "perpetual buyer" mechanism (the structural argument)
This is the centerpiece. Strategy (formerly MicroStrategy) issues STRC — a fixed-income product offering ~11.5% annual yield. Proceeds go directly to buying Bitcoin:
- Saylor bought ~$1.56B in BTC in March, ~$3B in April
- BlackRock's STRC holdings grew from $200M → $344M (institutional appetite confirmed)
- This creates a price-insensitive perpetual buyer — continuously absorbing sell pressure
- As long as STRC demand holds, BTC has a structural floor

4. Positioning framework
Three questions that drive his analysis:
- What is current positioning? (Traders heavily short)
- Who else will sell? (Few marginal sellers left)
- Who else will buy? (STRC mechanism = identifiable future buyers)

The "$45K BTC" bear case is an overcrowded trade — too many positioned for it, which reduces its probability.

5. The play
- Aggressively accumulate spot BTC, especially below $70K
- Selective altcoin exposure (not broad)
- On-chain STRC yield farming for additional returns
- Avoid chasing altcoins broadly

6. Risks acknowledged
- Leverage concentration in Saylor's structure
- Potential liquidation cascades if prolonged decline
- Dependency on STRC demand continuing
- Saylor has ~22 months of dividend coverage at flat prices

Bottom line: The crowd is positioned for a crash. Saylor's STRC mechanism is a structural floor that makes a deep correction increasingly difficult. Accumulate against the crowd.

Tether's Drift Bailout: What's Really Behind the $100M

> Drift’s cumulative revenue stands at just $31M, while it borrowed up to $127.5M from Tether

> Terms & schedule undisclosed, but at current revenue levels, full repayment would take a long time.

> Tether’s real goal is securing USDT as Solana’s base currency.

> USDC leads USDT by more than 2x in Solana’s stablecoin market.

> With Drift switching settlement from USDC to USDT post-relaunch, Tether flipped the base currency of Solana’s #2 perp DEX with a single loan.

> The loan is both a financial deal and a branding play.

Source: https://x.com/tiger_research_/status/2045082863973085304