Iran Launches BTC-Based Ship Insurance for Hormuz

Chart of the Day — More Bitcoin Chop . . then Volatility
Trade of the Day — Shorting NXE
Alpha Leaks — GOOGL, NVDA & SLX
News Roundup — Bitcoin for Hormuz Passage, Cyberscan AI & Why HYPE is Pumping
Degen Play — Choose Your Bear Fighter

More Bitcoin Chop . . then Volatility

Prepare for sideways chop, so long as Bitcoin remains above the 200W SMA (red line) and below the 200D SMA (blue line, calculated here as 29W SMA). But watch for serious volatility in late July.

The red line is regarded as the major, multi-cycle support line. Price has and can trespass below it, but such dips have historically been short-lived and served as generation buying opportunities.

The blue line is our bull/bear demarcation. We’re in a bull when Bitcoin is above it, and a bear when below. Bitcoin got cleanly rejected from it this past week.

But here’s where things get really interesting. The red line is at $61.3K and moving up $300 per week. The blue line is at $80K, and moving down $1500 per week. Meaning, these lines are projected to cross ten weeks from now. Serious volatility (to the up or downside) likely occurs when that happens.

Shorting NXE

We’ve been monitoring this Nexgen (NXE) trade setup for a long time, and now the breakdown is here.

It’s all pretty standard. Symmetrical triangle since late January, and we got our breakdown this past Friday. And the MACD had been ranging sideways, but now it’s dumping below the zero line.

We like stop-losses at $11.75. The technical take profit on this breakdown is a juicy $7.35. And interestingly, that’s the exact support level that NXE established in November 2025.

Iran Launches BTC-Based Ship Insurance for Hormuz

Breaking news as of yesterday, Iran has reportedly launched “Hormuz Safe”, a Bitcoin-settled insurance program for cargo ships moving through the Strait of Hormuz. This news appears to be real, as it’s being reported by Bloomberg and other major outlets.

Here’s the facts of what we know so far:

● Iran’s Ministry of Economy is in charge of Hormuz Safe. And it was first reported by Fars News Agency, which is an Iranian, state-linked affiliate.

● Hormuz Safe allows ships to buy cryptographically verified maritime insurance paid in Bitcoin. Stated differently, ships pay Bitcoin to Iran for safe passage through Hormuz.

● Fars News claims the program could generate more than $10B in revenues.

● Hormuz Safe appears to have launched (i.e. there’s a government landing page), but it’s unknown if any ships have actually used it.

It’s unclear if Hormuz Safe will be successful. But what is clear is that the Iranians are taking seriously a Bitcoin-for-Hormuz passage program. Such a program helps Iran bypass dollar-based systems and Western sanctions, as Bitcoin payments can’t be frozen or blocked. And the program puts the Trump administration in an awkward spot, as they’re unabashedly pro-Bitcoin.

But ultimately, this news reinforces a core truth about Bitcoin that makes so many of us long-term bullish — this is internet-based, decentralized money that no government or entity can control.

Cyberscan AI: The Newest Tool to Boost DeFi Security

DeFi has just been through a gruelling month, as the sector got hit by a total of 28 exploits across April. The largest of these targeted Drift Protocol and KelpDAO, which got turned over for a collective total of $578 million.

There’s no sugarcoating that damage, but at the same time, DeFi is now building in the most pro-crypto environment ever seen, with the Clarity Act passing successfully through the Senate Banking Committee last week.

And then there’s the impact of AI. While some experts see this as another security threat, the flipside is that AI can provide enormous cybersecurity boosts, which brings us to Cyberscope.

Bolstering Web3 security through AI is the primary ambition of today’s newsletter sponsor Cyberscope, which has just launched its newest product, Cyberscan AI.

The video above showcases Cyberscan’s capabilities, which include delivering professional reports, results within five minutes, and functionality across 68 chains, while it’s designed to operate alongside experts, rather than replacing them altogether.

Working across DeFi, infrastructure, and higher-scrutiny digital asset environments, Cyberscope provides smart contract audits, penetration testing, and compliance-readiness support for teams that need credible security assurance and smoother due diligence.

Importantly, Cyberscan AI surfaces more critical vulnerabilities than other AI tools. Plus, you can talk to the AI and get fixes for the issues it surfaces. Visit Cyberscope to learn more about Cyberscan.

HYPE Pumping While Crypto is Dumping. Here’s Why.

As of early Tuesday morning, basically the entire crypto market is in the red over the past seven days, while HYPE is up 17% (and assaulting $50 per token). That’s some serious price divergence that demands an explanation.

Here’s why HYPE is performing as the standout crypto asset right now:

● USDC Deal with Circle & Coinbase: Hyperliquid now uses USDC as its official “Aligned Quote Asset,” in a partnership with Circle and Coinbase. In exchange, Hyperliquid gets 90% of the reserve yield on all USDC deposited on the platform. Analysts believe this adds another $150M in annual revenues for Hyperliquid

● Bitwise Adds HYPE to Balance Sheet: Bitwise announced yesterday that it will dedicate 10% of accrued management fees from its new spot Hyperliquid ETF (BHYP) to accumulate HYPE.

● Bitwise’s BHYP Debut: It launched on the NYSE this past Friday.

● Domination in Perps Trading: According to DeFiLlama, Hyperliquid has done $43.8B in volumes over the past seven days — more than double its nearest competitor — feeding even more revenue into the token buyback program.

Taken together, these factors explain HYPE’s dramatic price outperformance, while the rest of crypto wrestles with macro headwinds.

Choose Your Bear Fighter

ETH and SOL are both resting on their respective channel support lines, each of which have been active since early February.

Now this theoretically could be an ideal place to go long — but here’s the problem — Bitcoin just got rejected off its 200D SMA, and the asset is currently in the middle of its own range at $76K. Meaning, if Bitcoin is due for a trip back to the bottom of its own channel at $70K, then ETH and SOL lose these support lines.

So we like ETH and SOL shorts if (1) these support lines are lost, and (2) Bitcoin shows further weakness. Initial take profits are the respective local lows that each asset printed in early February.

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