Overview
- Bitcoin swung sharply, first topping $80,000 after President Trump announced naval escorts for neutral ships in the Strait of Hormuz, then slipping on reports of an Iranian missile strike before climbing back near $81,000.
- U.S. spot Bitcoin exchange‑traded funds drew about $1.15 billion in net inflows over two recent sessions, a wave of buying that supported the latest price recovery.
- Haun Ventures raised $1 billion for two new funds focused on crypto payments and the financial rails AI agents will use, with its largest bet set on Erebor, a federally insured digital bank.
- Lawmakers released compromise language on stablecoin yield rules that blocks passive interest for simply holding a token but permits rewards tied to transactions and use, clearing a key hurdle for the Digital Asset Market Clarity Act.
- Tether reported $1.04 billion in Q1 profit and record excess reserves of $8.23 billion, and it began pursuing a full audit by a Big Four firm, steps that address long‑standing concerns about transparency and reserves.