Tag: News

Iran Launches Hormuz Safe, Claims $10B Revenue – Bitcoin News

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Key Takeaways Iran’s Ministry of Economy reportedly launched Hormuz Safe on May 16, 2026, targeting $10B in annual revenue. Hormuz Safe will ostensibly settle maritime insurance policies in bitcoin, raising U.S. sanctions compliance concerns for cargo operators. The platform covers Persian Gulf and Strait of Hormuz transits, with policy terms and war-damage exclusions still evolving. Fars News Reports Iran Has Launched Hormuz Safe, a Bitcoin-Based Maritime Insurance Platform for Strait of Hormuz Shipping The story started gathering virality on social media Sunday evening after 4 p.m. ET, with users sharing…

Peter Schiff Tells VRIC Media the US Economy Is Heading Into Its Worst Inflation Yet – Bitcoin News

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Key Takeaways Peter Schiff warns that the Fed’s balance sheet expanded by over $200 billion in 2025, signaling a return to quantitative easing. Schiff calls STRC a “classic centralized Ponzi,” warning retirees could lose principal on Strategy’s 11.5% preferred stock. With 30-year Treasury yields potentially hitting 8%, Schiff sees gold, silver, and mining stocks as the primary hedge through 2026. Gold Advocate Peter Schiff Predicts $20,000 Gold Price Over the Next Decade During the interview, Schiff pointed to the year-over-year CPI reading of 3.8%, up from 3.3% the prior month,…

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Prediction Markets Bet $5.5M on the Most Expensive US House Primary Ever – Bitcoin News

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Key Takeaways Polymarket and Kalshi traders have moved $5.5M in combined volume on KY-04, with Gallrein at 52%. Super PACs backing Gallrein have spent $14M+, making KY-04 the costliest U.S. House primary ever. Massie trails Gallrein 43% to 48% in polling, with the May 19 outcome hinging on turnout. Gallrein Pulls Ahead of Massie on Polymarket and Kalshi in Kentucky House Race On Polymarket, the KY-04 Republican Primary Winner market has drawn $1,417,372 in total trading volume. Gallrein currently holds a 52% implied probability of winning, with shares priced at…

Bitcoin Holds $78K Support as Traders Watch for Breakout Toward $80K – Bitcoin News

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Key Takeaways Bitcoin held above $78K on May 17 as BTC traders monitored resistance near $79K. Technical metrics highlight mixed BTC signals, with MACD Sell pressure offset by RSI neutrality. Market data shows BTC volume at $19.84B as markets watched the $77.4K support zone. Bitcoin Chart Outlook On the 1-hour chart, bitcoin displayed modest recovery attempts following the move down toward the $77,600 low, with higher lows beginning to develop during a low- volatility session. Immediate support formed near $77,800, while resistance remained between $78,600 and $79,000. Volume stayed relatively…

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US Bond Market Cracks Show as 30-Year Treasury Clears Above 5% for First Time Since 2007 – Bitcoin News

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Key Takeaways The U.S. Treasury sold $125B in new debt May 11-13, with the 30-year bond clearing at 5.046%, the highest since 2007. Bid-to-cover ratios across all three auctions fell below 2.55, signaling weakening investor appetite for long-dated U.S. debt. Rising 30-year yields toward 5.1% threaten to push mortgage rates and corporate borrowing costs higher in the weeks ahead. Investors Push 30-Year Treasury Yield Above 5% as U.S. Auction Demand Falls to 2007 Lows The three auctions, covering 3-year notes, 10-year notes, and 30-year bonds, settled May 15 against a…

A16z Crypto Warns US Falling Behind MiCA as Senate Committee Advances CLARITY Act – Bitcoin News

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Key Takeaways The Senate Banking Committee advanced the CLARITY Act on May 14, 2026, marking a historic bipartisan step toward crypto regulation. A16z Crypto’s Miles Jennings says CLARITY builds on the GENIUS Act’s July 2025 stablecoin framework to unlock broader builder protections. If CLARITY clears a full Senate vote and the House, builders gain domestic pathways to launch blockchain networks without regulatory compromise. A16z Crypto Backs CLARITY Act After Senate Committee Vote The committee’s “markup” vote moved the legislation forward on a bipartisan basis. Miles Jennings, General Counsel and Head…

Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion – Bitcoin News

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Key Takeaways Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Sky’s USDS jumped 11.5% to $8.79B, closing in on the $10B milestone. Western Union’s USDPT spiked 597,568%, though its market cap remains just $1.5M. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force in the stablecoin sector by a wide margin, holding a market capitalization of $189.7 billion this weekend after adding $68.2 million since May 9. Circle’s USDC moved in the opposite direction this past week, shedding…

Drake Drops 43 Songs and Calls Himself a ‘BTC Crypto Big-Timer’ on New Track ‘Dust’ – Bitcoin News

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Key Takeaways Drake’s “Dust” track on Iceman name-drops Sam Bankman-Fried (SBF) and bitcoin across a 43-song triple album released May 15, 2026. The “ BTC crypto big-timer” lyric lands as bitcoin trades in the high five figures, amplifying mainstream crypto adoption signals. SBF, serving 25 years for FTX fraud, now draws a celebrity pardon plea from Drake ahead of a Netflix series on the collapse. Drake Releases Triple Album in May 2026 and Plants Bitcoin, FTX Shoutout on Iceman Cut The three projects, “Iceman,” “Habibti,” and “Maid of Honour,” mark…