Iran Weaponizes Bitcoin While SpaceX Records Both Wins and Losses on Crypto
Welcome to another edition of your favorite weekly news round-up, guys.
We have always said that Bitcoin would reshape global finance, but no one expected it to become a literal toll booth in the world's busiest oil lane. Iran just turned the Strait of Hormuz into crypto territory. I mean, international shipping is looking like a pay-to-play blockchain game right now. One email, one invoice, one BTC payment, or you're not getting through to the next level.
On the home front, Elon Musk's SpaceX is sitting pretty on $603 million in Bitcoin while losing out on $5 billion. Even rocket companies get deeper in the game than most retail traders nowadays…. Meanwhile, CZ is out there putting a billion-dollar stake on his divorce docs because, of course, when you're that deep in the game, even personal issues get tokenized.
Here are the highlights:
- Bitcoin enters the war as Iran wants ships to pay in BTC to get through Hormuz
- Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI
- Binance’s CZ Offers OKX Founder $1 Billion Bet Over Divorce Dispute
- Fake Ledger App on Apple App Store Drains Over $400,000 in Bitcoin
Bitcoin Enters the War as Iran Wants Ships to Pay in Btc to Get Through Hormuz
Iran is reportedly planning to charge oil tankers a Bitcoin-denominated toll for passage through the Strait of Hormuz. The move would be significant as it extends beyond price action, ideology, or adoption rhetoric. The development places Bitcoin inside a coercive trade corridor, where settlement speed, sanctions exposure, maritime access, and state leverage converge in one of the world’s most strategically sensitive waterways. According to the Financial Times, Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said Iran would require tankers to email authorities with cargo details, receive an assessed tariff, and then pay in Bitcoin before being allowed to pass.
Musk’s SpaceX Holds $603 Million in Bitcoin Despite $5 Billion Loss Stemming From Xai
SpaceX is sitting on 8,285 BTC worth $603 million in Coinbase Prime custody while reporting a loss of nearly $5 billion for 2025, according to Arkham Intelligence data and a report from The Information published late Friday. The loss marks a sharp reversal from a year earlier when SpaceX generated roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion. Revenue grew to $18.5 billion in 2025, but the integration of xAI, Elon Musk’s artificial intelligence venture acquired in February, drove costs past the top line. There are no changes to the company’s bitcoin position despite these losses.
Binance’s CZ Offers OKX Founder $1 Billion Bet Over Divorce Dispute
Binance co-founder Changpeng Zhao (CZ) confirmed he is officially divorced and offered OKX founder Star Xu a $1 billion bet to prove it. The challenge came after Xu questioned CZ’s marital status as part of a broader dispute triggered by CZ’s 457-page memoir “Freedom of Money,” released on April 8. Xu demanded that CZ produce a divorce agreement signed by both parties. He said he would publicly apologize if CZ could present the document. If not, he argued, the claim would amount to public misrepresentation. CZ responded by confirming his divorce and proposing a permanent wager of $1 billion.
Fake Ledger App on Apple App Store Drains Over $400,000 in Bitcoin
In an April 11 X post, Garrett Dutton, the singer known as G. Love, explained the loss while he was moving his Ledger setup to a new Apple computer. He explained that the incident occurred after he searched the App Store for Ledger Live, downloaded an app that looked authentic, and followed its prompts. The app then asked for his 24-word seed phrase. As soon as he entered it, the attackers drained the Bitcoin. Dutton said the stolen funds were part of his retirement savings. "I lost 5.9 BTC all I had for ten years I worked on this f#ck be careful out there," he stated.
Other Highlights Worth Mentioning
SEC Acknowledges Missteps in Past Crypto Enforcement Actions - Phemex
Bitcoin hit by $20 million-an-hour selling pressure above $70,000 - Coindesk
Alameda moves $16 million in Solana to repay creditors, signals further sales - Bitget
CZ Says SBF Asked for Billions "Like a Bologna Sandwich" When FTX Collapsed - Binance
COINIGY FACT OF THE DAY
On this day in 2022, the Paris Blockchain Week Summit (PBWS) kicked off, bringing global industry leaders together
On April 13, 2022, the Paris Blockchain Week Summit 2022 officially kicked off in Paris, marking one of the most important gatherings of global blockchain leaders at the time. The event brought together thousands of attendees—ranging from retail enthusiasts to top executives shaping the future of Web3. The 2022 edition featured high-profile speakers from across the crypto ecosystem, including executives from major exchanges, DeFi protocols, and investment firms. Notably, Changpeng Zhao (CEO of Binance) was among the headline speakers, reinforcing the event’s status as a hub for decision-makers rather than just developers or hobbyists.
COINIGY MEME OF THE WEEK
