🇮🇷 Iran is charging $2M per ship to cross the Strait of Hormuz and they want it in Bitcoin. 😳
At $72,000 per $BTC, each ship = 27.7 BTC.
Pre-crisis, 130 ships crossed daily.
• Daily: 3,611 BTC
• Monthly: 108,333 BTC
• Yearly: 1.3 million BTC
The entire Bitcoin network only mines 450 BTC per day.
Iran would accumulate 8x the monthly mining supply. Every month.
A sanctioned nation building a Bitcoin treasury through a toll booth.
This is the most important geopolitical Bitcoin story nobody is talking about. 🔥
So you are telling me that one of only 4 institutions that are allowed to conduct in-kind creations and redemptions for IBIT is a fucking hedgefund with a known track record of market manipulation and various other illegal activities, including convictions?
And I am not even allowed to send $1000 across borders without filling in an impossible amount of paperwork.
How the fuck is this possible? @SECGov
“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.”
Now we know the answer to the price mystery. And color me not surprised.
Paper bitcoin…
Bitcoin just made a meaningful step toward future quantum resistance 💪
An updated version of BIP 360 has just been merged into the official Bitcoin BIP GitHub repository.
The update introduces Pay-to-Merkle-Root (P2MR), a proposed new output type that omits Taproot’s quantum-vulnerable key-path spend while preserving compatibility with Tapscript and script trees.
It also includes:
- Removal of Taproot’s quantum-vulnerable key-path spend in a separate opt-in new output type.
- A foundation for introducing post-quantum signatures while using Tapscript/script tree for spend time optionality.
- The change is a soft fork that does not affect existing Taproot outputs.
- Addition of Isabel Foxen Duke as co-author, to ensure the BIP was clear and understandable to the general public, not just the Bitcoin developer community.
The BIP also addresses criticism about Bitcoin devs not taking the quantum threat seriously. We are grateful to every Bitcoin contributor who took the time to review and provide feedback.
Check the fully updated version of BIP 360: https://t.co/5ujonw3Eoc
Inside the world’s largest Bitcoin mine, Riot Platform’s Texas facility computes the SHA-256 math algorithm 10,500,000,000,000,000,000x every second in a global race to find the next block of the blockchain.
The Different Types of Transaction Orders 📚
If you're new to buying crypto, you might be wondering about the different types of transaction orders available. Here's a quick rundown 👇
1/7
US 🇺🇸: foundational models, frontier AI, semiconductor, space, genetics
China 🇨🇳: robotics, open-sourced AI, AI fusion, EVs, batteries, renewable energy, biotech, high speed railways, new materials.
EU 🇪🇺:
The full deep dive report into everything Chainlink:
• Vision
• Technology
• Use Cases
• TradFi & DeFi Users
• Adoption metrics
• Economics
And much more ↓
https://t.co/3jP399fCey
1/ Fusaka is coming December 3rd.
Ethereum’s next major upgrade shows that the network can grow to meet global demand, without compromising on decentralization or permissionlessness.
Whether you’re a user, builder, institution, or operator, here’s how Fusaka will impact you.
Bitcoin’s current token distribution. What do you notice?
57% Individuals
17.6% Lost
6.6% Not mined yet
5.2% Satoshi Wallet
3.9% ETFs
3.6% Companies
3.4% Miners
2.7% Governments