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Crypto community fears Iran choking oil supply and crashing markets, but that may be overblown

As tensions flare once again between Iran, Israel, and the U.S., social media, especially on crypto social media X (or Crypto Twitter), fears that Tehran could shut down the Strait of Hormuz, a vital oil chokepoint. Such a move, many worry, could send oil prices and global inflation soaring and roil financial markets, including bitcoin….

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Michael Saylor unveils Bitcoin’s four tribes as the market tumbles

Following bitcoin’s worst week in two years, Strategy(MSTR) Executive Chairman Michael Saylor published a framework on X, arguing that the Bitcoin community is evolving into four distinct ideological camps. Rather than viewing these groups as competitors, he presents them as complementary forces that will collectively shape bitcoin’s future. The first group, Bitcoin Maximalists, sees Bitcoin…

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Middle East conflict impact: China’s dependence on US ethane deepens; set to import record volume

China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…

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