Earn with Nexo
Bitcoin rises with stocks as Strait of Hormuz reopening sparks risk on rally
Bitcoin neared $78K as oil plunged on Hormuz relief, Kraken bought Bitnomial, and Washington weighed Anthropic’s Mythos for cyber use.
Powered by Gloria
Risk assets just had their best Friday in months.
A geopolitical pressure valve opened, and capital rushed back into everything except oil.
Kraken is spending half a billion to reshape US crypto derivatives.
The White House wants to put frontier AI inside federal agencies.
Here's what matters this morning.
Strategy is now sitting on nearly 781,000 Bitcoin bought at an average of $75,580.
With BTC rebounding from $74K lows to near $78K, that entire position is back in the green.
The stock jumped near 15% to $170 on Thursday, proving MSTR remains the market's favorite leveraged Bitcoin bet.
Markets
Strait of Hormuz reopening sends stocks to all-time highs, oil craters
Iran declared the Strait of Hormuz fully open to commercial shipping during the ceasefire.
Trump thanked Tehran but said the US naval blockade stays until a deal is reached.
Oil plunged 15% below $80 while the S&P 500 hit a record 7,136.
Gold surged to $4,880 and silver jumped nearly 6% as metals caught a bid too.
BTC climbed near $78K, ETH rose past $2,400, SOL traded near $90, and XRP touched $1.50.
Kraken's parent company spends $550M to acquire Bitnomial
Payward, the company behind Kraken, is buying Chicago-based derivatives exchange Bitnomial.
The deal comes after Kraken cleared its SEC lawsuit last March. It gives the exchange a regulated US derivatives footprint.
In English: Kraken wants to be where institutional money trades crypto futures.
White House plans to give federal agencies access to Anthropic's Mythos AI
US officials are preparing to deploy Anthropic's Mythos model across major federal agencies.
The catch: cybersecurity experts have flagged serious risks with the system. A federal memo outlines a modified version to address them.
Washington racing to adopt frontier AI before fully understanding it feels very on brand.
On Our Radar
Liquidity's identity crisis: Crypto markets are quietly pivoting toward hybrid AMM models.*
Regulatory oversight gets scrutinized: DOJ and FinCEN under fire for Binance monitoring.
Pentagon plot thickens: Anthropic's CEO sits down with Trump's inner circle today.
*sponsored
ICYMI
Meme of the Day
That’s a wrap.
Estéfano
|
|
