The Market Updates

🇺🇸🇮🇷 The U.S. hit an Iranian island in the Strait of Hormuz overnight, and oil barely blinked.

Brent crude is sitting at $106 a barrel this morning after crashing 7.6% yesterday.

What sparked the selloff? Iran's president said the supreme leader had given his government more room to negotiate a deal with the U.S.

Just last week, traders were panicking over a fresh wave of U.S. and Israeli strikes and pushed Brent close to $118.

Trump has since ruled out any big new strikes before today's midterms, and Washington is calling last night's hit a defensive measure.

Bombs used to send oil flying, but 8 months into the war, traders have officially stopped flinching.

Source: FT

🇺🇸 US midterms are today and it is bullish for Bitcoin in the long term.

History shows BTC has always pumped in the 12 months following the last 3 elections.

2014: +24.5%
2018: +44.9%
2022: +92.3%

And this election matters a lot for crypto.

The CLARITY Act is already stalled in the Senate, and if Democrats win, the chances of approval would go down even more.

Not only that, but a Democrat win could even push Trump to launch fresh attacks on Iran, which will result in high oil prices and inflation.

But this will all concern the markets in the short term.

Once the uncertainty around the election and war is over, liquidity will start rotating into crypto, sending our bags to new highs.

🚨🇺🇸 TRUMP IS WEIGHING 3 OPTIONS ON IRAN, AND HIS TOP ADVISERS ARE SPLIT

🤝 MAKE A DEAL: Vance and Witkoff want diplomacy.

💣 STRIKE AGAIN: Netanyahu and Hegseth favor renewed military action.

💰KEEP SQUEEZING : Bessent, Ratcliffe and Rubio want economic pressure without war or a deal.

Trump told Axios he is in “no rush” to decide what comes next.

Source: Axios

The U.S. bombed Iran today, another limited strike, the 4th in recent days

Yet no one is talking about it, and Iran is not retaliating disproportionally even though it has a chance to harm Trump politically

Why is Iran holding off striking the U.S. before the midterms?

BREAKING: Tether CEO Paolo Ardoino says the company owns approximately 150,000 BTC worth over $11.55 BILLION.

WHALES ARE LOADING UP 🔥

BREAKING: 🇰🇵 North Korea calls the Binance accusations a "fabrication" and says it had nothing to do with the $6.3 BILLION theft.

They are denying the largest heist in human history.

🇺🇸 PRESIDENT TRUMP JUST POSTED THIS !!!

"Iran wants a settlement, as soon as possible. It could happen!"

END OF WAR = BULLISH 🚀

BREAKING: Nearly $1 TRILLION wiped out from stocks, metals and crypto in 4 hours as Iran threatens US bases in Europe.

Brutal..

🚨 BEARISH REVERSAL:

$780,000,000,000 wiped out from the US stock market in last 3.5 hours.

Stock bros are feeling the pain just like crypto holders.

The US midterm elections are tomorrow.

Bitcoin dropped -24% after the last midterms in 2022.

Expect high volatility. Stay away from leverage.

What markets really need right now is a real peace deal and an end to the war. This could bring oil prices down, lower energy costs, and help cool inflation. If inflation starts cooling down, rate cuts come back on the table, and that is bullish for risk assets like crypto.

Peace deal = Market pump 🚀

THIS IS MASSIVE FOR ALTCOINS.

🇺🇸 ISM PMI jumped to 55.5%, its highest level in 3 months.

This means the US economy is expanding at a strong pace, and here's why this matters for our crypto bags.

Every mega AltSeason in crypto history has occurred during the ISM expansion phase, and currently, we have been in that phase for 10 months.

If history repeats, AltSeason 3.0 could start in the coming months.

BREAKING: 🇺🇸 US ISM PMI came in at 55.5

Expectations: 54.7

Highest level in 3 months. Economy is in expansion phase.

WHAT THE FUCK IS HAPPENING?

🇧🇷 Brazil's largest crypto exchange Mercado Bitcoin, with 4.8 million users, has reportedly been hacked for over $40,000,000.

That is the second major hack in three days.

JUST IN:

$400 Billion added to the US stock market at open as the US-Iran peace talks advance.

🚨CRASH:

Oil has crashed -2.66% in just 10 minutes as US and Iran negotiations move forward.

Bullish for markets.

🚨 BREAKING 🚨

🇮🇷 Iran's Supreme Leader has granted the government authority to pursue talks to end the war.

This is good.

BREAKING: Tom Lee's BitMine bought $19.5 million worth of $ETH, bringing its total holdings to $13.81 Billion.

Tom Lee is buying the dip 🚀

🇺🇸 PRESIDENT TRUMP SAYS IRAN WANTS TO MAKE A PEACE DEAL WITH THE US.

Bullish for markets if it’s real this time.

FIRST MONTHLY BULLISH CROSS FOR ALTCOIN MARKET CAP IN 3 YEARS.

Last time it happened, Altcoin MCap pumped 180% in just 5 months.