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Before Trump Announces Ceasefire, $950 Million Crude Oil Short Enters Precisely, Lawmaker Urges Regulatory Investigation

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Reuters reported on April 9 that unusual trading activity hit the oil market hours before U.S. President Donald Trump announced a ceasefire deal with Iran. At 7:45 p.m. Greenwich Mean Time (GMT) on Tuesday—during the post-settlement lull—investors dumped a combined 8,600 lots of Brent and WTI futures, with a total notional value of roughly $950 million. Less than three hours later, Trump formally declared a two-week U.S.-Iran ceasefire. Oil futures opened sharply lower on Wednesday, falling ~15% and dropping below the $100 mark. This allowed the “precision sniper” short positions to net massive profits in just hours. This wasn’t an isolated case: On March 23, an unusual $500 million short position emerged 15 minutes before Trump announced he was delaying a strike on Iranian energy facilities. Oil prices slid 15% afterward. Data shows daily crude trading volume has doubled to the million-lot level since U.S.-Iran tensions escalated. U.S. Representative Ritchie Torres has formally written to the SEC (U.S. Securities and Exchange Commission) and CFTC (U.S. Commodity Futures Trading Commission) to urge an investigation into these “suspicious” trades. Torres noted the trades were highly directional in speed, scale and structure, and called for verification of the involved accounts. To date, CME Group and the SEC have declined to comment. The CFTC previously stated it was “monitoring” market anomalies.
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Trump: Military is in a state of rest, strait must remain open

On April 9th, Trump posted on Truth Social stating: “All U.S. ships, aircraft, military personnel, plus additional ammunition, weapons, and all other necessary and proper supplies to effectively engage and destroy a significantly weakened adversary will remain in place within and around Iran until a true agreement is reached and fully executed. “If for any reason (this is highly unlikely) the agreement is not complied with, a ‘shooting operation’ will commence immediately—on a larger, more sophisticated, and more powerful scale than ever seen before. This consensus was reached long ago, despite various false narratives to the contrary: no nuclear weapons will be used, and the Strait of Hormuz will remain open and secure. Meanwhile, our great military is ramping up preparations and making necessary adjustments; in fact, they’re eagerly looking forward to the next victory.”

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Bithumb Fails to Recover Part of Incorrectly Transferred Bitcoin, Initiates Asset Preservation Procedure

April 9 — South Korean cryptocurrency exchange Bithumb has frozen assets of certain users as it struggles to recover mistakenly sent Bitcoin. The issue traces back to a February rewards distribution: Bithumb initially planned to give 249 users a total of 620,000 Korean won in rewards, but an operational error led to the funds being sent in Bitcoin instead. Though the platform rolled back the transaction within minutes, some users had already traded or transferred the assets — leaving roughly 1.23 billion Korean won worth of Bitcoin unrecovered. Bithumb reached out to affected users individually; most returned the funds, but some have refused to comply.

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Arthur Hayes: Iran's 'Taking Toll in Bitcoin' Claim Just a Western Play

On April 9, Arthur Hayes posted: “I’ll only believe Iran has actually collected tolls in BTC when I see real on-chain transactions tied to it. Otherwise, it’s just the Islamic Revolutionary Guard messing with the dirty Western fiat financial system.”

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April 9 — U.S. Treasury Secretary Scott Benton, in an April 8 statement cited by The Wall Street Journal, noted the U.S. has long led global financial market regulatory standard-setting—but that leadership is not guaranteed. He urged Congress to promptly pass the **Clarity Act** to establish a clear regulatory framework for digital assets. Benton cited data showing global digital asset market capitalization has fluctuated between $20 trillion and $30 trillion over the past year, with roughly one in six Americans holding some form of digital asset. Blockchain technology’s use in payments, settlement, and real-asset trading continues to expand, he said, emphasizing cryptocurrency is no longer a niche experiment but a widely adopted global technology. The U.S. must take proactive steps to maintain its leadership in setting rules for this sector, he added.

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