Crypto World
IRGC Issues Destruction Warning Against UAE’s $30B Stargate AI Facility Backed by Tech Giants
Key Highlights
- Iranian Revolutionary Guard published threatening video on April 3 targeting Abu Dhabi’s $30B Stargate artificial intelligence facility
- Warning specifically conditions destruction on potential U.S. military action against Iran’s electrical infrastructure
- Major technology partners include OpenAI, Microsoft, Nvidia, Oracle, SoftBank, and additional firms
- Oracle’s Dubai data center sustained damage from Iranian missile fragments on April 2
- Financial markets show varied responses; Nvidia (NVDA) maintains top-tier 10 analyst Smart Score
The Islamic Revolutionary Guard Corps of Iran has issued a destruction warning against the $30 billion Stargate artificial intelligence data center currently under development in Abu Dhabi. This threat emerged through a video published on April 3, 2026, subsequently circulated by the Tehran Times via X.com.
Brigadier General Ebrahim Zolfaghari, serving as spokesperson, declared that “complete and utter annihilation” would be executed should the United States conduct military strikes against Iranian electrical generation facilities. The Revolutionary Guard specified that every U.S.-affiliated information and communications technology enterprise operating throughout the region would constitute “legitimate targets.”
The released footage demonstrated a Google Maps-style geographic progression, zooming into the Stargate complex’s waterfront position within the United Arab Emirates. The presentation transitioned to simulated night-vision imagery, exposing the comprehensive site configuration. Revolutionary Guard officials incorporated photographs of OpenAI’s Chief Executive Sam Altman alongside Nvidia’s CEO Jensen Huang throughout the video content.
Stargate’s official launch occurred in May 2025 through an agreement involving President Donald Trump. The initiative represents what’s planned as the most expansive AI data center development located beyond United States borders.
The undertaking enjoys financial and technical backing from prominent global technology corporations. OpenAI and Microsoft are developing the artificial intelligence platforms. Nvidia and SoftBank are contributing semiconductor technology and capital investment. Oracle and Cisco are managing cloud computing and networking systems. Abu Dhabi’s MGX serves as an additional primary backer.
Regional Technology Assets Experience Actual Damage
This threatening message follows confirmed physical damage reported across the area. On April 2, 2026, fragments from a neutralized Iranian missile impacted an Oracle data facility in Dubai, causing structural damage to the building’s exterior.
Amazon Web Services documented electrical supply interruptions at one of its regional installations following comparable attack incidents. The UAE Ministry of Defence reports successfully intercepting over 500 missiles and 2,100 unmanned aerial vehicles launched from Iranian territory since February 2026.
While the Stargate facility remains in its construction phase, these nearby incidents demonstrate that technological infrastructure throughout the UAE is experiencing direct impact from the ongoing conflict.
The Revolutionary Guard’s video content explicitly challenged Google’s privacy measures, asserting “nothing stays hidden from our sight, though hidden by Google.” This statement referenced the facility’s location being obscured on publicly accessible mapping platforms.
Financial Market Response
Notwithstanding the explicit threat directed at the development, Nvidia maintains its optimal Smart Score of 10 based on comprehensive analyst agreement. Among the consortium companies, only Cisco demonstrated positive stock movement during the previous month, registering a 0.48% increase.
Microsoft and Nvidia both continue displaying robust upward price targets according to analyst projections. Investment professionals appear to be interpreting the circumstances as a geographically confined geopolitical development at this stage.
OpenAI declined to provide commentary in response to Seeking Alpha’s inquiry at publication time.
The most recently verified incident remains the April 2 missile debris impact on Oracle’s Dubai data center facility.
Michael Saylor’s Strategy, the world’s largest publicly listed holder of Bitcoin, resumed buying BTC last week after reporting no purchases in the final week of March.
Strategy acquired 4,871 Bitcoin (BTC) for $329.9 million last week, according to an 8-K filing with the US Securities and Exchange Commission on Monday.
The purchases were made at an average price of $67,718 per coin, below the company’s overall average acquisition price of $75,644. The new acquisitions bring Strategy’s holdings to 766,970 BTC, acquired for a total cost of around $58 billion.
In addition to the purchase update, Strategy also reported its first-quarter financial results, including a $14.46 billion unrealized loss on digital assets and a $2.42 billion deferred tax benefit.
Deferred tax asset offset by valuation allowance as bitcoin trades below cost basis
Strategy said its Bitcoin holdings continue to trade below their cost basis, resulting in the recognition of a deferred tax asset tied to unrealized losses on its digital assets.
As of March 31, the company recorded a $1.73 billion deferred tax asset related to those unrealized losses, which was offset by a corresponding $1.73 billion valuation allowance against the amount.
“Because the fair value of Strategy’s Bitcoin holdings is below its cost basis, Strategy expects to establish an additional valuation allowance of $0.5 billion against these deferred tax assets,” the company said.
Strategy saw Bitcoin fall below its average purchase price in early February, marking the first time since late 2023 that BTC traded below its cost basis.
Related: 80% of Strategy’s ‘Stretch’ buyers are mom-and-pop investors
Despite the decline, the company has continued accumulating Bitcoin, buying roughly 54,000 BTC since Feb. 2. Strategy was especially aggressive in March, making some of its largest weekly purchases on record during the month, with monthly acquisitions netting 41,362 BTC.
Strategy’s total Bitcoin purchases in the first quarter of 2026 reached 89,316 BTC, with an aggregate spend of approximately $6.3 billion.
$21 billion offering of STRC and a new $21 billion MSTR offering
Strategy mentioned that the company is updating its at-the-market (ATM) program, including a new $21 billion offering of Stretch (STRC) stock and a new $21 billion offering of Common A (MSTR) stock. The company also terminated its prior Strike (STRK) stock offering and launched a new $2.1 billion STRK stock offering.
The amounts available for STRC and MSTR stock reflect the total remaining capacity under both the existing programs and the newly added offerings. Sales under the STRC and MSTR increases may begin once the existing capacity is substantially used, the company said.
During March 30–31, Strategy sold approximately 2.28 million shares of STRC and 582,550 shares of MSTR, generating about $299.3 million in net proceeds. From April 1–5, the company sold an additional 1 million shares of STRC and 593,294 shares of MSTR, raising roughly $174.6 million.
A solo bitcoin miner running roughly 230 terahashes per second of computing power validated block 943,411 on Thursday, pocketing 3.139 BTC worth about $210,000 despite controlling a share of total network hashrate so small it rounds to zero on most dashboards.
The miner was connected to solo.ckpool.org, the anonymous solo mining pool introduced in 2014 that lets operators keep their full block rewards minus a 2% fee. CKpool developer Con Kolivas confirmed the win on X, noting the miner had roughly a 1-in-28,000 chance of finding a block on any given day.
At 230 terahashes, the winning rig represents about 0.00002% of bitcoin’s total estimated hashrate of roughly 1 zetahash per second as of early April. That output is consistent with a small stack of home-scale ASICs running under a single roof rather than a rented cloud burst or industrial operation.
For context, listed miner Riot Platforms alone runs more than 30 exahashes, roughly 130,000 times the hashrate of Thursday’s winner.
The block is the 312th solo win registered on CKpool since its inception, and the first since Feb. 28, ending a 33-day drought. Solo pools have found just 20 bitcoin blocks over the past 12 months, distributing a combined 62.96 BTC. That’s roughly one solo block every 18.7 days on average, with a longest gap of 58 days.
The win continues a pattern that has repeated with surprising regularity through this cycle.
In December, a roughly 270 TH/s miner cleared 1-in-30,000 daily odds to claim a $284,633 reward. In November, a miner running just 6 TH/s, the output of a single old-generation ASIC that would not normally expect to find a block in hundreds of years of continuous mining, beat 1-in-180-million odds to land roughly $265,000.
And in late February, a miner turned approximately $75 of rented cloud hashrate into a $200,000 reward by pointing just 1 petahash at CKpool for a few hours.
Bitcoin is consolidating just below $70,000 with one scheduled event this week capable of breaking the pattern in either direction: the March CPI print dropping April 10 at 8:30 AM ET. The binary is clean, if U.S. inflation data comes in soft enough to shift Federal Reserve language toward cuts, BTC $75K becomes an immediate technical target; if core CPI stays sticky above 0.3% month-over-month, the “higher for longer” scenario reasserts itself, and the path of least resistance points back toward $60,000–$62,000.
The Cleveland Fed’s nowcast – built on late-March data – projects a 0.84% monthly headline surge driven by gasoline prices up 26.2% year-over-year and diesel up 50.4%. That reading, if confirmed, would mark a sharp acceleration from February’s 0.27% headline and would effectively freeze any Federal Reserve pivot conversation through at least mid-summer. Macro crypto trading desks are already pricing two radically different worlds into options flow. Thursday’s print decides which one we’re in.
Bitcoin’s $75K Level: Full Technical Breakdown and Price Scenarios
Bitcoin Price Prediction: Reclaim $75,000 or Retreat to $60,000
(Source – BTC USD, TradingView)
Bitcoin is currently rangebound between $65,000 and $71,000, a compression zone that has held for several weeks and is coiling into what chart structure suggests is a decision point. The $73,700 level above is the immediate overhead resistance; above that is the $75,000 psychological ceiling, which has acted as a load-bearing level since BTC’s last failed breakout attempt.
A weekly close above $75,000 on CPI-driven volume would be the first structural confirmation that the bull case is intact.
RSI on the daily is sitting near 53 – neutral, not oversold, which means there’s no technical floor being built from momentum exhaustion alone. The 200-day EMA is converging with the $67,500 support zone, making that level load-bearing in the near term. A daily close below $67,500 opens the door to $62,000, where significant order book depth and prior accumulation structure sit. MVRV ratio remains below 1.5, suggesting the market hasn’t reached the euphoria zone – but that also means on-chain buying pressure isn’t yet dominant enough to generate self-sustaining momentum.
The bull case requires a CPI-triggered risk-on move through $71,000, then a reclaim of $73,700 on sustained volume, with $75,000 as the confirming close. The bear case activates on a hot print: a rejection at $71,000 that cascades back through the 200-day EMA and targets the $60,000–$62,000 whale accumulation zone. For traders already holding, the downside scenario below $66,000 deserves serious risk modeling before Thursday. The single most important level: $71,000. Hold it post-print and the bull case lives. Lose it and $62,000 becomes the next anchor.
Why the April 10 CPI Print Resets the Fed Timeline – and Bitcoin’s Ceiling
The Bitcoin CPI relationship isn’t incidental – it’s mechanical. CPI drives Fed rate expectations, rate expectations drive the dollar and treasury yields, and dollar strength directly compresses institutional appetite for risk assets, including BTC. February’s CPI landed at 2.4% year-over-year with core holding at 2.5% annually for the second consecutive month, driven by shelter costs rising 0.2%. That stickiness kept “higher for longer” as the dominant Fed posture heading into April’s data cycle.
The threshold that matters for a Federal Reserve pivot signal is a core monthly reading at or below 0.2% – anything above 0.3% entrenches current policy and delays the first cut. CME FedWatch currently prices fewer than two cuts for 2025, a dramatic repricing from the four-cut consensus that opened the year. Energy is the wild card: the Cleveland Fed’s nowcast is being driven almost entirely by gasoline and diesel spikes, and the Fed has historically looked through volatile energy components when assessing underlying inflation trends. If headline runs hot but core stays controlled, traders may interpret that as a conditional green light.
March payrolls added 178,000 jobs, with unemployment holding at 4.3% – a labor market that doesn’t scream imminent recession and therefore gives the Fed cover to hold. The April 10 U.S. inflation data release won’t just move Bitcoin on the day; it will recalibrate the entire rate-cut timeline that institutional crypto positioning is built on.
(Source – CoinGlass)
Spot Bitcoin ETF inflows from BlackRock’s IBIT and Fidelity’s FBTC have shown direct sensitivity to CPI beats and misses – a hot print tightens that inflow tap immediately.
The post CPI Data Countdown: Why the April 10 Print Is Make or Break for Bitcoin’s $75K Push appeared first on Cryptonews.
Bitmine Immersion Technologies (BMNR) said it now holds 4.8 million ether (ETH) worth roughly $10.2 billion at current prices, putting the company within reach of its stated goal of accumulating 5% of the total ether supply.
In a Monday statement, the company also said its shares will start trading on the New York Stock Exchange, uplisted from NYSE American, starting April 9.
Bitmine holds 3.98% of ether’s 120.7 million circulating supply, compared with Strategy’s 3.8% of bitcoin’s 20 million. Both companies have turned treasury accumulation into a stock market narrative, and both are buying aggressively as prices decline.
Bitmine acquired 71,252 ETH in the past week, its highest pace of purchases since late December, according to Chairman Tom Lee, who framed the buying as a bet that ether is in “the final stages of the mini-crypto winter.”
Total crypto and cash holdings are now $11.4 billion, including $864 million in cash, 198 BTC, and smaller positions in Beast Industries and Eightco Holdings.
Bitmine’s model diverges from Strategy when it comes to staking, or depositing tokens to help secure the Ethereum blockchain in exchange for a reward. Of the 4.8 million ETH held, 3.33 million are staked through Mavan, the company’s institutional-grade validator network that started operating Monday.
That staked position is worth roughly $7.1 billion and generates $196 million in annualized staking revenue at a 2.78% yield, giving Bitmine a recurring income stream that Strategy’s bitcoin treasury does not have.
At full deployment, when all of Bitmine’s ETH is staked, the company projects $282 million in annual staking rewards.
Lee made a wartime case for ether in the announcement, noting that ETH has gained 6.8% since the Iran conflict began, outperforming the S&P 500 by 1,130 basis points and gold by 1,840 basis points. “ETH is the wartime store of value,” Lee said, a framing that would have been difficult to argue six months ago but has data behind it now.
Bitmine is now the 96th most traded stock in the U.S. with average daily volume of $987 million, ranking between Schlumberger and Adobe. The investor base includes ARK Invest, Founders Fund, Pantera, Galaxy Digital, and Kraken.
TLDR:
-
- Tom Lee’s Bitmine acquired 71,252 ETH last week, its highest single-week buying pace since December 2025.
- Bitmine’s total ETH holdings reached 4,803,334 tokens, representing 3.98% of the entire Ethereum supply.
- With 3,334,637 ETH staked at $7.1B, annualized staking revenues have grown to $196 million as of April 2026.
- Bitmine’s combined crypto, cash, and investment holdings reached $11.4B, backed by $864 million in available cash reserves.
- Tom Lee’s Bitmine acquired 71,252 ETH last week, its highest single-week buying pace since December 2025.
Tom Lee’s Bitmine Immersion Technologies (NYSE American: BMNR) acquired an additional 71,252 ETH last week, pushing total holdings to 4,803,334 ETH.
That figure represents approximately 3.98% of the entire Ethereum supply. Combined crypto, cash, and investment holdings reached $11.4 billion, including $8.64 billion in ETH and $864 million in cash.
With 3,334,637 ETH currently staked at $7.1 billion, Bitmine remains the largest Ethereum treasury in the world.
Weekly ETH Purchase Marks Highest Acquisition Pace Since December 2025
The 71,252 ETH acquired last week marks Bitmine’s fastest weekly buying pace since December 22, 2025. At $2,123 per ETH, the total ETH stack is now valued at approximately $8.64 billion.
Chairman Tom Lee has maintained an accelerated buying schedule over each of the past four consecutive weeks.
Lee attributed the increased pace to a broader market view. He described the current period as the final stages of what he calls a “mini-crypto winter.”
The company sees present prices as an entry opportunity before an anticipated ETH leadership cycle.
Bitmine is now 79% of the way toward its stated target of owning 5% of the total ETH supply. Lee referred to this milestone internally as the “Alchemy of 5%,” a goal the company has been pursuing over the past nine months.
“In the past week, we acquired 71,252 ETH which is the highest pace of buys since the week of December 22, 2025,” Lee stated.
The pace of acquisitions shows no sign of slowing, given the company’s cash reserves of $864 million still available for deployment.
$7.1 Billion in Staked ETH Powers Growing Staking Revenue
Of Bitmine’s 4,803,334 ETH, a total of 3,334,637 tokens are currently staked, representing roughly 69% of total holdings.
At $2,123 per ETH, that staked position carries a current value of $7.1 billion. Annualized staking revenues have reached $196 million, with a seven-day yield of 2.78%.
That yield slightly exceeds the CESR benchmark rate of 2.74%, administered by Quatrefoil. At full deployment through its MAVAN staking platform, Bitmine projects annual staking rewards of $282 million.
MAVAN, the Made in America Validator Network, was built initially to support Bitmine’s own treasury operations.
The platform is now being opened to institutional investors, custodians, and ecosystem partners.
Lee noted that Bitmine has staked more ETH than any other entity globally, a position supported by the scale of its treasury.
Beyond ETH, total holdings include 198 Bitcoin, $200 million in Beast Industries, and $92 million in Eightco Holdings (NASDAQ: ORBS). The ORBS position gives Bitmine indirect exposure to OpenAI.
The company also received approval to uplist from NYSE American to the New York Stock Exchange, effective April 9, 2026, continuing under the ticker “BMNR.”
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 1968.74, up 3.5% (+66.62) since 4 p.m. ET on Friday.
Seventeen of 20 assets are trading higher.
Leaders: NEAR (+8.1%) and AVAX (+5.5%).
Laggards: BCH (-0.6%) and XLM (-0.3%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
The surge in onchain perpetual futures trading appears to be cooling after a meteoric rise in 2025. New DefiLlama data show a five-month downturn in perp volumes on decentralized exchanges (DEXs), with March 2026 totals dipping to $699 billion from October’s peak of $1.36 trillion. Daily activity also slowed, as April 4, 2026, posted $8.4 billion in perp DEX volume—the first sub-$10 billion day since September 2025 and the lowest reading since July 2025. The trend suggests a normalization of speculative demand and leveraged positioning in the broader crypto markets after the 2025 surge.
Perp volumes are often viewed as a barometer of risk appetite and liquidity in the onchain derivatives space. The DefiLlama data indicate that after rapid expansion through late 2024 and 2025, activity has retreated, even as a handful of platforms continue to generate the majority of trading volume on the sector’s perpetual markets.
Key takeaways
- Onchain perpetual futures volumes cooled for five consecutive months after peaking in October 2025; March 2026 total fell to $699 billion from $1.36 trillion in October.
- Daily perp DEX activity crossed below $10 billion on April 4, 2026—$8.4 billion that day—marking the lowest level since mid-2025.
- Trading remains highly concentrated: over the last 30 days, Hyperliquid led with about $185.5 billion in reported volume, roughly 34% of the top-10 perp DEX share.
- Top performers dwarfed smaller venues, with edgeX at $73 billion and Aster at $68 billion; smaller platforms like Lighter and Grvt trailed at about $50 billion and $40 billion respectively, while others clustered in the mid-teens to low tens of billions.
- The 2025 period delivered a historic surge, with perpetual DEX volumes nearly tripling to about $12.09 trillion, of which roughly $7.9 trillion was generated in 2025 alone, driven by torrid Q4 activity.
A cooldown after a blistering 2025 run
DefiLlama’s quarterly and monthly breakdowns paint a picture of a market that expanded rapidly through 2024 and 2025, then settled into a more restrained pace in early 2026. After a torrid late-2025 sprint that helped push annual totals to record highs, the industry has seen a consistent deceleration in onchain perpetual futures trading. The fall in March’s total to $699 billion marks a continuation of a downward slope that began in the autumn and extended into the first quarter of 2026.
The decline aligns with a broader pattern in crypto derivatives markets: heightened risk taking in a buoyant environment often gives way to consolidation as markets absorb leverage, funding dynamics cool, and liquidity shifts across venues. While the momentum has cooled, the continued existence of robust single-day volumes—still measured in the billions—signals that perpetuals remain a core component of onchain trading activity, particularly for traders seeking leveraged exposure and hedging across crypto assets.
Liquidity concentration reshapes the perp DEX landscape
DefiLlama’s latest view underscores a persistent concentration among a handful of exchanges. In the past 30 days, Hyperliquid stood out with about $185.5 billion in reported volume, translating to roughly one-third of activity among the top-10 perp DEXs. The platform’s outsized share underscores a broader trend: despite a broader market slowdown, a few venues continue to capture a disproportionate slice of the action.
Rivals posted markedly smaller figures. edgeX registered around $73 billion, and Aster approximately $68 billion, underscoring the gap between Hyperliquid and other leading platforms. In the mid- to lower-tier, several smaller venues contributed fewer billions apiece—Lighter about $50 billion, Grvt near $40 billion—with a handful of others generating tens of billions over the same period. This distribution highlights how liquidity remains highly centralized, even as the total market cools from its late-2025 peak.
The skew toward a few dominant platforms is not new in onchain perpetuals. The space has long featured a battlefield dynamic, with blockchain ecosystems competing to host or launch perpetual DEXs to capture trading activity. The broader narrative—recounted in industry coverage—describes a market where liquidity tends to consolidate around a small number of major venues, even as new entrants attempt to carve out a niche.
For readers tracking the data, DefiLlama’s continual perp DEX dataset offers a quick gauge of where liquidity concentrates and how that balance shifts as market sentiment ebbs and flows. The latest readings reaffirm that, despite volatility, the leading platforms retain a commanding influence over daily and monthly volumes.
From rapid growth to tempered activity: what changed this year
The 2025 period remains a watershed for onchain derivatives trading. Perp DEX volumes nearly tripled year over year to a cumulative $12.09 trillion, with about $7.9 trillion generated in the calendar year 2025 alone. The tail end of 2025—especially the fourth quarter—was pivotal, with monthly activity pacing at roughly $1 trillion on average. This surge helped establish perpetuals as a central battleground for crypto ecosystems, as blockchains raced to host or integrate perpetual DEXs to capture liquidity and user participation.
That growth story has since shifted into a more measured phase. The consolidation of liquidity on a smaller set of venues suggests that traders have matured in their preferences for where to source leverage and how to manage risk across markets. For investors and builders, the implication is twofold: first, the leading platforms will likely continue to attract the bulk of high-value activity, reinforcing their funding, product development, and ecosystem incentives; second, smaller venues will need to differentiate through features such as lower slippage, faster execution, or novel risk controls to gain traction in a crowded field.
Analysts also point to the macro environment surrounding crypto markets as a cross-cutting factor. While perpetuals flourished as a concentrated, high-velocity trading instrument in 2025, any sustained shift in risk appetite, funding dynamics, or regulatory clarity could further influence where liquidity gravitates. As DefiLlama and other trackers continue to chart the perps landscape, observers will be watching for signs of renewed acceleration or another round of consolidation across platforms.
For additional context, earlier industry coverage has framed perpetual DEXs as central to cross-chain and cross-asset trading competition, highlighting how the governance and technical design choices of each platform can shape liquidity flow and user engagement. Those dynamic tensions remain at play as the market digests the post-2025 normalization and contemplates the next phase of growth in onchain derivatives.
Readers should monitor DefiLlama’s perp DEX dashboard for ongoing visibility into volume distribution across platforms, as well as quarterly updates on how much of the total market is captured by the top players. The trajectory from a 2025 explosion to a 2026 cooldown will likely influence funding strategies, product development, and liquidity incentives across the sector.
Looking ahead, the central question is whether the current cooldown is temporary or if a longer-term shift in trader behavior and platform competition will redefine the perpetuals arena. As the data shows, the answer hinges on whether the dominant venues can sustain high throughput, attract fresh liquidity, and deliver the execution quality that traders demand in fast-moving markets.
Rushed quantum fixes for Bitcoin could introduce new risks, Samson Mow warned in response to calls from Coinbase executives for faster action.
Mow, a Bitcoin advocate and Jan3 founder, took to X on Saturday to address comments from Coinbase CEO Brian Armstrong and chief security officer Philip Martin, who urged the industry to begin preparing for quantum computing threats sooner rather than later.
He said that while post-quantum (PQ) cryptography could secure Bitcoin (BTC) against future quantum computers, rushing implementation may create new vulnerabilities such as compatibility issues and reduced network efficiency due to larger signature sizes.
“Simply put: make Bitcoin safe against quantum computers just to get pwned by normal computers,” Mow said, adding that a poorly timed transition could weaken Bitcoin against today’s threats before addressing future ones.
The exchange reflects a growing debate over how to future-proof Bitcoin, as new research from Google and Caltech reignited concerns about progress in quantum computing.
Why Mow is pushing back and how it ties to the block size wars
One of Mow’s biggest concerns about rushing a quantum fix for Bitcoin is the potential impact on performance, particularly block size, or the amount of transaction data that can fit into a single block.
“PQ signatures will likely be 10-125x larger than current ones, and massively reduce throughput,” Mow said, citing former Bitcoin developer Jonas Schnelli.
The signature issue could potentially pave the way for “Blocksize Wars 2.0,” Mow continued.
Bitcoin’s block size wars began around 2015 and peaked in 2017, when the community split over whether to increase the block size to handle more transactions.
Related: Circle unveils quantum-resistant roadmap for its layer-1 blockchain Arc
That dispute raised concerns about decentralization, network security and who controls Bitcoin’s future, ultimately leading to alternative scaling solutions rather than a simple increase in block size.
Despite arguing against rushing a transition to post-quantum cryptography for Bitcoin, Mow said work on potential solutions should continue.
“Given that quantum computers don’t actually exist and likely won’t exist for another 10-20 years, the worst possible course of action is to rush a fix,” he said. “That’s not to say work shouldn’t be done to prepare, and there is already much work being done.”
Magazine: Nobody knows if quantum secure cryptography will even work
The United States, Iran, and a group of regional mediators are weighing terms for a temporary ceasefire that could extend into a permanent resolution, according to U.S., Israeli, and regional sources familiar with the discussions.
Summary
- U.S., Iran, and regional mediators are discussing a two-phase ceasefire plan, though chances of a near-term deal remain limited.
- Pakistan has proposed an “Islamabad Accord” to reopen the Strait of Hormuz and prevent further escalation.
An Axios report said prospects for a partial deal within the next 48 hours remain limited. Still, officials described the effort as the final opportunity to avoid a sharp escalation that could involve strikes on Iranian civilian infrastructure and retaliatory attacks on energy and water facilities across Gulf states.
Separately, a source familiar with the negotiations said both Washington and Tehran have received a proposal that could halt hostilities as early as Monday while reopening the Strait of Hormuz. The plan, drafted by Pakistan and shared overnight, outlines a two-step process beginning with an immediate ceasefire followed by negotiations toward a comprehensive settlement.
“All elements need to be agreed today,” the source said, noting that the initial understanding would take the form of a memorandum of understanding finalised electronically through Pakistan, which has emerged as the sole communication channel.
Pakistan’s army chief, Asim Munir, has been in continuous contact “all night long” with JD Vance, envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araqchi, the source added.
Under the framework, a ceasefire would take effect immediately and allow shipping to resume through the strait, with a 15 to 20-day window to finalise a broader agreement. The proposal, informally referred to as the “Islamabad Accord,” also envisions a regional framework governing the waterway, with final in-person talks expected in Islamabad.
The continued blockade of the Strait of Hormuz has pushed global oil prices higher.
Donald Trump has repeatedly issued deadlines for Iran to reopen the passage or face military action targeting its energy infrastructure. In a recent Truth Social post, he extended the deadline to Tuesday and warned Iran would be “living in hell” if it failed to comply.
Despite mounting diplomatic pressure, Tehran has yet to signal acceptance of the proposed ceasefire. Iranian officials have said any agreement must include guarantees against future attacks by the U.S. and Israel. They also confirmed receiving messages from mediators, including Pakistan, Turkey, and Egypt, supporting a temporary 45-day truce to allow further negotiations.
The draft agreement is expected to include commitments from Iran not to pursue nuclear weapons in exchange for sanctions relief and access to frozen assets. However, officials said no formal commitment has been secured so far.
Iran’s leadership has maintained a defiant stance, warning it would respond “in kind” to any attack on its infrastructure, while also considering measures such as transit tolls before reopening the strait.
How will the crypto market react to potential de-escalation?
Although no agreement has been finalised at press time, risk assets have started to recover. The total crypto market cap has risen around 3.4% to $2.47 trillion, with Bitcoin (BTC) attempting to reclaim the $70,000 level. Ethereum (ETH), XRP (XRP), and other major crypto tokens have posted gains in the 3% to 6% range.
The move suggests traders may already be positioning for a potential de-escalation and the reopening of the Strait of Hormuz, which could stabilise energy markets and ease inflation pressures.
Traditional markets, however, presented a mixed picture. Asian equities were mostly lower, with the Nikkei 225 standing out as an exception, while gold and silver traded in a narrow range as investors balanced uncertainty with selective risk exposure.
A confirmed ceasefire could support both crypto and global equities by easing oil prices and improving expectations for monetary policy. Lower energy costs tend to reduce inflation pressures, which could increase the likelihood of a more accommodative stance from the Federal Reserve.
Failure to reach an agreement carries the opposite risk. An escalation involving direct strikes on Iranian infrastructure and retaliation across the region could trigger a sharp shift toward safe-haven assets, putting pressure on cryptocurrencies as capital moves into the dollar and traditional defensive plays.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Apple has pulled Jack Dorsey Bitchat from the App Store in China at the request of the Cyberspace Administration of China, which cited violations of internet service regulations.
The removal, confirmed by Dorsey via an X post on April 6, 2026, extends to TestFlight beta access, cutting off the app’s official distribution channel in the country entirely.
The real story isn’t the takedown itself. It’s that Bitchat operates exclusively over Bluetooth Low Energy mesh networks with zero internet dependency – and Beijing still moved to excise it, signaling that China’s censorship infrastructure is now targeting communication layers that don’t touch the internet at all.
- What Happened: Apple removed Bitchat from China’s App Store in February 2026 and suspended TestFlight beta access at the Cyberspace Administration of China’s request.
- The Regulatory Hook: The CAC cited Article 3 of its 2018 regulations governing services with public opinion or social mobilization capabilities, requiring a security assessment before launch.
- How Bitchat Works: The app runs entirely over Bluetooth Low Energy mesh networks, relaying messages and Bitcoin transaction data device-to-device up to 100 meters per hop – no Wi-Fi, no cellular, no servers.
- Existing Installs Unaffected: Devices already running Bitchat in China continue to operate normally; the app requires no App Store access or server check-ins post-install.
- Global Protest Utility: Bitchat has surged in download volume during internet shutdowns in Madagascar, Uganda, Nepal, Indonesia, and Iran in recent months.
- What to Watch: Android sideloading activity in China and whether the CAC moves against similar BLE-based communication apps amid its expanding 2026 enforcement wave.
Discover: The Best Crypto to Buy Right Now
What Beijing’s CAC Actually Did – and Why Jack Dorsey Bluetooth App Threatened the Firewall
The Cyberspace Administration of China‘s authority here derives from regulations that came into force in November 2018, targeting any online service capable of influencing public opinion or enabling social mobilization.
Under those provisions, covered apps must complete a state security assessment before launch and bear legal responsibility for the assessment results.
Bitchat’s architecture makes the CAC’s move notable. The app never touches China’s internet infrastructure – it hops Bluetooth signals between devices, each hop covering up to 100 meters, with no central server, no user accounts, and no phone number requirements.
Beijing’s decision to pursue removal through Apple rather than a network-level block exposes the limits of the Great Firewall against offline mesh protocols: when you can’t intercept the traffic, you target the distribution point.
Apple’s compliance was swift and unambiguous. The app review team told Dorsey directly that all App Store titles must conform to local legal requirements in each market – and that apps facilitating behavior construed as criminal or reckless under local law face rejection.
That framing puts Apple’s role in sharp relief: the company functions as a de facto enforcement arm for any government with sufficient regulatory leverage over its App Store.
Community observers on Binance Square drew the structural conclusion immediately, with posts arguing that Apple’s compliance “shows Big Tech’s vulnerability to state pressure, pushing devs toward fully sideloaded alternatives.”
The observation tracks – but it also understates the problem. Sideloading requires a device already in hand. The App Store removal blocks new installs at the point of acquisition, which is precisely where censorship regimes focus their leverage.
Explore: The Best Pre-Launch Token Sales With Asymmetric Upside Potential
The post Apple Removes Jack Dorsey Bitchat App from China at Beijing’s Request appeared first on Cryptonews.
Ailing Ryan Feltner to make scheduled start for Rockies against Astros
OpenAI calls for robot taxes, a public wealth fund, and a four-day week
Grand National 2026: I Am Maximus & Nick Rockett head confirmations for Aintree race
-
NewsBeat4 days agoSteven Gerrard disagrees with Gary Neville over ‘shock’ Chelsea and Arsenal claim | Football
-
Business4 days agoNo Jackpot Winner and $194 Million Prize Rolls Over
-
Fashion3 days agoWeekend Open Thread: Spanx – Corporette.com
-
Entertainment7 days ago
Fans slam 'heartbreaking' Barbie Dream Fest convention debacle with 'cardboard cutout' experience
-
Crypto World5 days agoGold Price Prediction: Worst Month in 17 Years fo Save Haven Rock
-
Business14 hours agoThree Gulf funds agree to back Paramount’s $81 billion takeover of Warner, WSJ reports
-
Crypto World6 days ago
Dems press CFTC, ethics board on prediction-market insider trades
-
Sports2 days agoIndia men’s 4x400m and mixed 4x100m relay teams register big progress | Other Sports News
-
Business4 days agoLogin and Checkout Issues Spark Merchant Frustration
-
Tech7 days agoApple will hide your email address from apps and websites, but not cops
-
Tech6 days agoEE TV is using AI to help you find something to watch
-
Sports6 days agoTallest college basketball player ever, standing at 7-foot-9, entering transfer portal
-
Politics7 days agoShould Trump Be Scared Strait?
-
Tech6 days ago
Daily Deal: StackSkills Premium Annual Pass
-
Tech6 days agoFlipsnack and the shift toward motion-first business content with living visuals
-
Sports7 days agoWomen’s hockey camp eyes fitness boost, tactics ahead of WC 2026 campaign | Other Sports News
-
Crypto World7 days agoU.S. rule change may open trillions in 401(k) funds to crypto
-
Tech6 days agoHow to back up your iPhone & iPad to your Mac before something goes wrong
-
Politics7 days agoBBC slammed for ignoring author of The Fraud
-
Tech7 days agoThis is a 3D-Printed Macintosh That Apple Never Built
You must be logged in to post a comment Login