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One platform for global traditional assets
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Strait Crisis + Token Burn! What's Next for Bitcoin?
Early this morning, two major pieces of news directly affected the market's nerves. On one hand, it was announced that $370 million worth of PUMP tokens were burned and a 50% revenue buyback plan was launched, which is a strong supply-side positive, directly boosting market confidence in altcoins and the DeFi ecosystem. On the other hand, Iran's Revolutionary Guard claimed control of the Strait of Hormuz and demanded passing ships pay tolls, causing geopolitical risks to suddenly escalate and dampening risk asset sentiment. These two forces—one bullish and one bearish—led to Bitcoin experiencing a slight fluctuation after breaking through $76,000.