Iranian Revolutionary Guard Corps: Absolute control over the Strait of Hormuz

The early bitcoin investor and author of Bitcoin Supercycle says bitcoin needs to drop to about $57,000 sometime in October before beginning its ascent. A market analyst disagrees. What to know : Michael Terpin, an early bitcoin investor and often called the 'Crypto Godfather,' argues that bitcoin has not yet bottomed and predicts a low near $57,000 in October, with no new all-time high likely this year. His view contrasts with analysts who see February’s roughly $60,000 low as the start of a new bull run, citing strong ETF inflows and bitcoin’s resilience amid geopolitical tensions and higher oil prices. Other analysts are split, with some warning that tight liquidity, high interest rates and the absence of full capitulation or extreme pessimism suggest further downside, while others say institutional adoption could still push bitcoin to a record high this year.

According to Onchain Lens monitoring, Matrixport affiliated whale, which made a profit of over $590 million, opened 30000 ETH multiple orders with 15 times leverage in the past hour, worth $680 million. At present, the giant whale holds a total of 58000 ETH multiple orders through three different addresses (0xa5B0... 1D41, 0xfd42... 3d97, 0x6c85... 84f6), with a leverage ratio of 15 to 20 times, and a total holding value of 132 million US dollars.

HTX-BTC perpetual contract is now reported at $75971.1. According to market contract position analysis, the main force has strong confidence in the future and the price is expected to rise. Please hold positions reasonably and control risks

Fidelity transferred 1.99 million ETH worth approximately $453 million to Coinbase about 30 minutes ago. （Lookonchain）

Bybit Pay has partnered with MoneyBadger to launch an encrypted payment service in South Africa, where users can use a QR code to pay with cryptocurrency at merchants nationwide. （Cointelegraph）