I just followed the latest crypto news today, and I have to say that the market today had many interesting press releases. Starting with the shocking event when the U.S. announced closing the Strait of Hormuz after peace negotiations with Iran failed. The result was oil soaring 9.5% to reach $105 per barrel, but Bitcoin experienced heavy selling and dropped to $70,623. It seems macroeconomics still impacts the digital market.

However, since the conflict began in mid-last month, Bitcoin has still gained 7.4%, outperforming the S&P 500 and gold, reflecting that large investors still see crypto as a safe haven asset.

Interestingly, Michael Saylor doesn’t care about the volatility at all and continues to buy Bitcoin into his portfolio. Even though the price has fallen from the high of $73,000, his current strategy holds 766,970 BTC with an average cost of $75,644. This means they are carrying an unrealized loss of about $14.5 billion. But Saylor says the old market cycle is over, and future prices will mainly depend on institutional money. This strategy is quite aggressive because they buy almost three times faster than miners can produce.

The latest crypto news also includes other stories. The European Central Bank supports a plan to consolidate oversight of large crypto companies under ESMA entirely. The original MiCA law, effective from 2023-2024, allowed companies to register in countries with more favorable regulations. But now, authorities are closing this loophole to prevent crypto risks, which could make operating crypto businesses in Europe more difficult.

Ending with a hot drama in DeFi, when Justin Sun harshly criticized the World Liberty Financial project. He claimed that the token voting was monopolized by a few wallets, and that the project made the crypto community just an ATM. WLFI responded that these were baseless accusations and threatened to sue. As a result, investor confidence plummeted, and WLFI crashed to $0.07 because the platform used its own tokens as collateral to borrow stablecoins.

This case clearly reflects how fragile DeFi projects that rely on political reputation are. Without transparent governance and true decentralization, community trust can easily collapse. Today’s market situation is quite chaotic.