Woke up to Middle East news and my sleepiness vanished immediately.
Riyadh was hit by Houthi ballistic missiles; Saudi Aramco storage tanks caught fire, and Saudi Arabia—rarely—asked Israel for help. On the other side, Qatar and Pakistan conveyed messages between them, saying the U.S. is “ready to negotiate.” While fighting and talking at the same time, $BTC is the one that seems to be most into this: maximum uncertainty, nowhere for safe-haven funds to go, so both gold and crypto got a boost.
Energy markets are even more surreal. The U.S. military claims they escorted one billion barrels of oil through the Strait of Hormuz over two months, while Iran’s exports are at zero; Saudi then directly told European refiners that they won’t have oil available next month. North Sea crude spot prices are trading at a record premium, and Macron urgently convened a G7 meeting. As long as oil doesn’t drop, inflation can’t be brought under control. The Fed has hiked to 4%, and they’re still insisting. The broader market in the short term is being dragged around by risk sentiment, but the FX credibility of the franc has been repeatedly rubbed by geopolitics—while the medium-to-long-term logic is actually stronger.
There’s action in crypto too. Coinbase filed for Apple and Nvidia stock perpetual contracts—$COIN jumped 12% in a day, and stock perps look set to take off. Saylor posted a chart: $MSTR gained 48% last month to top the Nasdaq-100. Afternoon Asia, good—today the key focus is whether there’s any real progress in the Iran negotiations.
NFA DYOR
#BTC #比特币 #地缘政治 #Coinbase #MSTR
Riyadh was hit by Houthi ballistic missiles; Saudi Aramco storage tanks caught fire, and Saudi Arabia—rarely—asked Israel for help. On the other side, Qatar and Pakistan conveyed messages between them, saying the U.S. is “ready to negotiate.” While fighting and talking at the same time, $BTC is the one that seems to be most into this: maximum uncertainty, nowhere for safe-haven funds to go, so both gold and crypto got a boost.
Energy markets are even more surreal. The U.S. military claims they escorted one billion barrels of oil through the Strait of Hormuz over two months, while Iran’s exports are at zero; Saudi then directly told European refiners that they won’t have oil available next month. North Sea crude spot prices are trading at a record premium, and Macron urgently convened a G7 meeting. As long as oil doesn’t drop, inflation can’t be brought under control. The Fed has hiked to 4%, and they’re still insisting. The broader market in the short term is being dragged around by risk sentiment, but the FX credibility of the franc has been repeatedly rubbed by geopolitics—while the medium-to-long-term logic is actually stronger.
There’s action in crypto too. Coinbase filed for Apple and Nvidia stock perpetual contracts—$COIN jumped 12% in a day, and stock perps look set to take off. Saylor posted a chart: $MSTR gained 48% last month to top the Nasdaq-100. Afternoon Asia, good—today the key focus is whether there’s any real progress in the Iran negotiations.
NFA DYOR
#BTC #比特币 #地缘政治 #Coinbase #MSTR