Iran’s recent implementation of a toll system in the Strait of Hormuz seems to be another step in its increasing use of cryptocurrency. However, it’s not Bitcoin driving this trend – stablecoins are playing the biggest role.
This scam involves attackers sending emails that appear to be requests to update recovery contact information. These emails contain a dangerous link hidden within the details of the request.
The 4-hour chart, a weathered map of Bitcoin’s short-term journey, shows the triangle pattern twisting into a descending channel, like a river carving its way through dry earth. The price tumbled out early Saturday, and the bulls, bless their hearts, tried to shove it back in over the weekend. But the 200 simple moving average (SMA) stood firm, a stubborn gatekeeper, rejecting their efforts like a farmer shooing away crows from his corn.
Blockchain security firm Blockaid detected the exploit as it happened, and the details were quickly shared on X (formerly Twitter) by the on-chain intelligence account @coinxtreme_en.
On May 18th, Lee posted on X that the typical negative relationship between Ethereum (ETH) and oil prices was stronger than ever before. He explained that increasing crude oil prices are currently the biggest obstacle to Ethereum’s short-term growth.
California Attorney General Rob Bonta announced that General Motors (GM) will pay $12.75 million to resolve claims that it improperly collected and stored data from hundreds of thousands of California drivers who used its OnStar vehicle connectivity service.
Iran has launched a new insurance platform called “Hormuz Safe” to cover cargo ships traveling through the Strait of Hormuz. According to reports, the Iranian government has been developing this plan for several months, aiming to manage traffic through the strait with insurance coverage. This scheme could allow Iran to issue insurance policies and financial guarantees, potentially earning the country over $10 billion.
As of today, Bitcoin is trading at $76,851, which is a 1.6% decrease from yesterday’s price. The lowest price reached today was $76,707. Key moving averages remain in the same positions as before: the 200-day moving average is at $81,462, the 50-day is at $75,640, and the 100-day is at $72,223. Both the 50-day and 100-day moving averages are trending upwards, and the 50-day average has crossed above the 100-day average – a positive sign that suggests the recent price drop doesn’t necessarily signal a larger downturn.
Announced by the Ministry of Economy on the fifteenth of May, 2026, the scheme promises that any ship, nay, the most skeptical of cargo operators, can purchase uncertainty (yes, insurance!) with the same cryptographic scatter that underpins Bitcoin, thereby bypassing the weary old banks that are allergic to novelty.
