1⃣ A U.S. warship passed through the Strait of Hormuz and clashed with Iran, pushing geopolitical risk higher again. BTC fell back below $80,000 to around $79,815, down about 1.4% in 24 hours, while ETH traded near $2,286, down about 1.6%.
2⃣ Coinbase posted a net loss of $394 million in Q1, with about $482 million in losses tied to its crypto holdings, while revenue fell 31% year over year. Volatility in platform earnings is becoming more visible.
3⃣ Block reported a $173 million bitcoin mark-to-market loss in Q1, but still raised its full-year guidance. It currently holds 28,355 BTC.
4⃣ Kraken parent Payward will acquire Hong Kong stablecoin payments firm Reap Technologies for $600 million, continuing its push into the Asian cross-border payments market.
5⃣ AWS, Coinbase, and Stripe launched infrastructure for AI agent payments, allowing AI agents to pay for APIs and online services directly with USDC.
6⃣ The U.S. crypto market structure bill CLARITY could be reviewed by the Senate Banking Committee as early as next week. Tax reporting complexity is still seen as a key barrier to institutional adoption.
7⃣ A Matrixport-linked wallet sold another 100,000 HYPE, bringing total sales to 200,000 HYPE for about 8.447 million USDC. Profit-taking pressure in hot tokens is still there.
8⃣ Even Vitalik’s roughly $4 token swap was hit by a sandwich attack. The bot ultimately lost money, but the incident again highlighted how persistent MEV risk remains on-chain.
9⃣ U.S. stocks pulled back from recent highs overnight, with the S&P 500 down about 0.5%, the Nasdaq down 0.9%, and the Dow down 0.1%. Markets are still repricing every shift in the Iran story.
