Bitcoin treasury companies are sitting on billions in idle BTC. What are they actually doing with it? 🎧 @MarvinDefi on the future of Bitcoin treasury and why most companies are getting it wrong.

BITCOIN CONFIRMED AS PART OF IRAN’S STRAIT OF HORMUZ TOLL PLANS Iran has reportedly launched “Hormuz Safe,” a sovereign-backed maritime insurance platform allowing ships crossing the Strait of Hormuz to purchase coverage using Bitcoin. According to Iranian state-linked reports, the platform offers digitally verified insurance certificates, encrypted authentication systems, and rapid coverage for vessels operating in the Persian Gulf and surrounding waterways. Documents cited by Fars News Agency claim Iran’s Economy Ministry has been developing the framework since early May as part of a broader strategy to manage shipping traffic through Hormuz using insurance, liability guarantees, and maritime certification systems. Iranian media claims the initiative could eventually generate more than $10B in annual revenue if widely adopted. The move comes as tensions escalate around one of the world’s most critical energy chokepoints, where roughly 20% of global oil supply passes daily. If adopted at scale, Bitcoin may now be entering global maritime trade and energy logistics in one of the most geopolitically sensitive regions on earth.

Bitcoin to $78K wipes out $552M in leveraged longs overnight $BTC fell 3.2% to near $78,000 in Asian hours Saturday, erasing the past week's rally. CoinGlass shows $581M in 24-hour liquidations, 95% long-skewed. $SOL down 5%, $XRP down 4.3%, $ETH down 3.3%.

Bitcoin Horror Story as Spot ETFs Bleed $1 Billion. The thirteen spot $BTC ETFs in the US have collectively recorded net outflows of a staggering $1 billion this week, per SoSo data. The biggest day of outflows came on May 13, when a shocking -$635 million left the products. Despite the fallout, the products still hold a whopping 6.58% of $BTC's current supply, with an overall AUM of $104.3 billion.

“Bitcoin uses too much energy” he posted from a 78 inch OLED in a 2,800 square foot colonial cooled to 68 degrees in August, while his wife’s Peloton streamed a class to nobody and the second refrigerator in the garage held nothing but a half-empty case of White Claw mango.