Hormuz Strait and Iran-related fund update
Odaily’s evening brief included a geopolitical update from Iranian media, which said vessel traffic through the Strait of Hormuz had dropped to zero. The same brief also carried a separate statement from the President of Iran, who said that $6 billion in frozen funds held by Qatar will be returned. These two items were presented as distinct updates, one concerning shipping traffic and the other concerning frozen funds.
In crypto-market commentary, Adam Back said Strategy will not go to zero and that bearish views on STRC have no basis. Prediction market platform Kalshi was also highlighted: its trading volume this month is close to surpassing last month’s nominal trading total, reaching nearly $18 billion. On prediction-market regulation, the commentator known as Bai Mao Gu Shen said additional regulatory scrutiny is arriving and said the impact of Polymarket KOL paid marketing on X platform algorithm behavior should be investigated.
On-chain ecosystems, enforcement and stock views
The brief also noted criticism from a crypto OG regarding activity in the World Chain L2 ecosystem. The comment questioned World Chain’s ecosystem activity, saying its Blob submission data ranks second only to Base, while its on-chain application ecosystem is extremely sparse. The criticism placed infrastructure-level data and application-level activity side by side.
On enforcement, Hong Kong police said more than 2,000 people were arrested in the first quarter of this year for involvement in fraud and money laundering. According to the police, 70% of those cases involved mule accounts. The figures were presented as part of the same update and cover the first quarter.
The remaining items focused on equities and platform listings. Chuanmu again expressed a bullish view on SK Hynix in the context of a question about having already deployed 99% of a position, saying the current price still has 50% profit room and setting a bullish target of 3.9 million won. Citrini researcher Jukan said Citibank’s report assumptions are conservative and that Micron Technology’s MU quarterly results may exceed expectations. Binance Alpha will list Arcium, with the token ticker ARX.