According to Huoxun Finance, reports indicate that Trump has instructed aides to develop a plan for a long-term US naval blockade of the Strait of Hormuz. This move pushed Brent crude oil prices above $111 per barrel, while Bitcoin prices remained within a narrow trading range. Trump stated on Tuesday that Iran was in a state of "collapse," to which Tehran responded that it might accept a temporary agreement to reopen the strait if the US lifted its blockade of Iranian ports. Zaheer Ebtikar, founder of Split Research, noted in a report that Bitcoin's stable performance reflects a change in market structure. He stated that the supply glut has been largely absorbed, and sellers panicked due to changes in the macro environment or quantum computing concerns have exited the market, significantly reducing selling pressure compared to several months ago. He added that Bitcoin's reaction to regulatory developments or central bank policies is less than generally expected, and its volatility is mainly influenced by overall volatility. Currently, it is trading in a relatively calm range, lacking immediate pressure to exit. Bitget analysts view $75,000 as a key support level for the upward range since the end of March. A decisive break below this level could provide room for further declines. Conversely, a rebound from the current level to $80,000 could sustain the rebound and pave the way for another challenge of the resistance level that has repeatedly suppressed Bitcoin's rise since February.

According to Huoxun Finance, Strategy has proposed changing the frequency of STRC dividend payments from once a month to once every two weeks, and shareholders can vote on this amendment.

In the past hour, total liquidations across the network reached $33.92 million, with $773,700.96 from long positions, with $33.15 million from short positions. BTC liquidation $12.30 million, ETH liquidation $21.42 million.

Huoxun Finance reports that Bitcoin mining rig manufacturer Canaan (NASDAQ: CAN) announced on Tuesday that it has secured a new order from Tether for custom Bitcoin mining hardware. Canaan will supply high-density hash board modules designed for immersion cooling systems, planned for deployment at Tether's affiliated facilities in South America. This collaboration continues the two companies' 2025 R&D partnership with ACME Swisstech, which has already produced a proof-of-concept platform to improve mining efficiency and scalability. Tether is simultaneously developing its own control boards and management software, demonstrating its commitment to deep integration of mining hardware and software. The agreement includes additional procurement options, allowing Tether flexibility to expand its infrastructure. This announcement comes just one day after Tether announced the launch of its open-source mining framework, further expanding its Bitcoin mining infrastructure. Canaan, a Singapore-listed company, currently holds 1,808 BTC, worth approximately $137 million, its highest historical holding level.

According to Huoxun Finance, the cryptocurrency fear and greed index is currently at 27, down 5 points from yesterday. The 7-day average is 36, and the 30-day average is 22.