Tonight’s key word for the US evening session is just one: blockade.
The Strait of Hormuz is still being blocked. Iran has said that unless the US meets seven conditions, it will never reopen the strait. The US, being stubborn, insists that the blockade is “ironclad.” Today, there were real hits on oil tankers in the strait—an oil tanker was struck in its engine room. Then the Houthis struck an Aramco facility near Riyadh. This isn’t just friction at the negotiating table; it’s real money-burning costs.
Even OPEC+ admits the oil market is tight and there’s a supply gap. In November, production will still stay put. Oil prices could surge again at any moment.
As for the trend of $BTC , honestly it’s a bit sluggish. In theory, under this kind of situation inflation expectations should come back, rate-cut trades get hit first, and risk assets should fall. But looking longer-term, defense spending and oil prices are moving up together, which actually makes the narrative of fiat currency depreciation harder to knock down. Uncomfortable in the short run, but feeding hard assets in the long run—that’s the play I’m backing.
One more structural point: on $SOL , last quarter’s application revenue was $365 million—first for ten straight quarters. Yet the tokenized stock trading volume actually surpassed what it does at its own Nasdaq home. On $ONDO , Citi’s tokenized services have also expanded to Japan and the UAE. While geopolitics is getting noisy, RWA is quietly building roads. I think this road is worth more than short-term ups and downs.
NFA DYOR
#BTC# #SOL# #RWA# #geopolitics# #crypto market#
The Strait of Hormuz is still being blocked. Iran has said that unless the US meets seven conditions, it will never reopen the strait. The US, being stubborn, insists that the blockade is “ironclad.” Today, there were real hits on oil tankers in the strait—an oil tanker was struck in its engine room. Then the Houthis struck an Aramco facility near Riyadh. This isn’t just friction at the negotiating table; it’s real money-burning costs.
Even OPEC+ admits the oil market is tight and there’s a supply gap. In November, production will still stay put. Oil prices could surge again at any moment.
As for the trend of $BTC , honestly it’s a bit sluggish. In theory, under this kind of situation inflation expectations should come back, rate-cut trades get hit first, and risk assets should fall. But looking longer-term, defense spending and oil prices are moving up together, which actually makes the narrative of fiat currency depreciation harder to knock down. Uncomfortable in the short run, but feeding hard assets in the long run—that’s the play I’m backing.
One more structural point: on $SOL , last quarter’s application revenue was $365 million—first for ten straight quarters. Yet the tokenized stock trading volume actually surpassed what it does at its own Nasdaq home. On $ONDO , Citi’s tokenized services have also expanded to Japan and the UAE. While geopolitics is getting noisy, RWA is quietly building roads. I think this road is worth more than short-term ups and downs.
NFA DYOR
#BTC# #SOL# #RWA# #geopolitics# #crypto market#