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Trump’s Iran ultimatum sends oil higher while crypto and equities slide
Trump’s Iran ultimatum lifts oil while crypto and stocks slide as the SEC drops its Justin Sun case and Kazakhstan’s central bank builds a crypto investment portfolio.
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Geopolitics just body-checked the markets.
Oil spiked 12% in 24 hours while risk assets went the other direction. But zoom out and a different story emerges.
Governments and regulators are quietly reshaping their relationship with crypto.
Enforcement is cooling, sovereign capital is flowing in, and the old playbook is changing fast.
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SEC settles lawsuit against Justin Sun and Tron entities
The SEC just dropped its claims against Justin Sun with prejudice.
That means the agency can never refile them.
Rainberry Inc., BitTorrent's parent company, agreed to pay a $10M civil penalty to close the case.
It's the clearest signal yet that the SEC's crypto enforcement era is winding down.
Markets
Trump Iran warning and weak jobs data send markets tumbling
Trump posted on Truth Social that Iran must accept "unconditional surrender."
Oil jumped to $88 as traders priced in potential Strait of Hormuz disruptions.
Meanwhile the US economy lost 92K jobs last month versus expectations for a 59K gain.
That double hit sent equities and crypto sliding in tandem.
BTC fell to around $69K, ETH slipped below $2K, SOL dipped near $85, and XRP settled around $1.36, while the S&P 500 fell 1.6% and the Nasdaq dropped 1.4%.
Kazakhstan central bank builds $350M crypto-linked portfolio
Kazakhstan is carving out 0.5% of its national reserves for crypto exposure.
The central bank plans to deploy up to $350M through regulated instruments starting this spring.
When a sovereign wealth allocator treats digital assets like gold, the legitimacy debate is basically over.
On Our Radar
Crypto whale energy: Cumberland just yoinked another $31M of Ethereum off Coinbase.
Bitcoin's Big Apple moment: Strike gets the green light to operate in New York
Crypto's middle ground: ChangeNOW lets you trade without handing over your keys.
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