Iran: U.S. Will Lose Strait of Hormuz if It Blocks Hormuz

On April 13, The Block reported that investment bank William Blair has released a note stating Coinbase shares exhibited "risk-off" behavior following a first-quarter sell-off. The crypto exchange’s stock remains roughly 60% below its July 2025 all-time high of $445. The report notes market expectations for weak Coinbase trading volume and revenue are already priced into its shares. Its "all-in-one trading platform" suite—covering derivatives, staking, stock trading, and prediction markets—is boosting the firm’s competitive edge. A key bullish catalyst is the growth of USDC. Data shows the stablecoin’s share of the $300 billion stablecoin market has risen from around 21% in 2024 to roughly 27% currently, consistently gaining market share from Tether’s USDT. William Blair argues widespread USDC adoption is mutually beneficial for Coinbase and its issuer, Circle, and remains optimistic on Circle’s outlook. Additionally, the report labels a sustained crypto market downturn over t

April 13: Per Onchainlens data, a whale holds 13,000 ETH (≈$28.67M) in a 20x long position across two wallets. Additionally, the same address holds a 20x long position of 286,153 SOL (≈$23.60M) and a small 5x leveraged long position in DYDX.

April 13 — Iran says its armed forces are at "maximum combat readiness" and prepared for "any scenario," warning it will deliver a "severe, firm response" to any aggression, per Iranian state media. Brigadier General Majid Hafez Ismail noted the military is fully mobilized, while officials claim missile and drone stockpiles are sufficient to sustain long-term operations. The escalation follows U.S. threats to impose a naval blockade and rising tensions after failed negotiations.

April 13 — Per The Wall Street Journal, a senior U.S. official has confirmed the U.S. blockade operation is officially underway, with more than 15 U.S. warships currently on scene to support the effort.

April 13 — Official sources confirm the Genius Foundation (GENIUS) token airdrop for Binance Alpha users will be distributed today at 23:30 Beijing time. Earlier details: Users holding at least 230 Binance Alpha Points are eligible to claim 240 GENIUS tokens on a first-come, first-served basis. Claiming the airdrop consumes 15 Binance Alpha Points. If the reward pool isn’t fully distributed, the eligibility threshold will drop by 5 points every 5 minutes automatically.

April 13 — Genius has announced the launch of its airdrop distribution, per official sources. All Shuttle Labs team members and investors will have their tokens locked up for at least one year. The project’s native token is currently listed on Binance Alpha and Bitget.