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Bitcoin Plunges 1.5% in 10 Minutes, Dips Below $79,000

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May 4: Bitcoin plunged 1.5% suddenly within 10 minutes per HTX market data, dropping below $79k to a current price of $78,724. Separately, per Iran’s Fars News Agency, a U.S. warship ignored Iranian warnings today and attempted to approach the Strait of Hormuz. Iran fired two missiles at the vessel, prompting it to turn back.
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Source: Informant Iran is prepared for various scenarios in the Strait of Hormuz

May 4 (CCTV News) — Two informed sources said Friday that Iran has prepared for various scenarios in the Strait of Hormuz. “In addition to firing on U.S. warships, Iran has other plans and will take action if necessary,” the sources noted.

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The Whale Makes ?First Set of 10 Big Goals? Holding $1.95 Billion Worth of Bitcoin Short Position, Currently Profiting $2.463 Million

May 4th: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that whale trader "Setting 10 Big Goals First" (@Jason60704294) opened a Bitcoin short position at $79,903.19, selling 2,448.2 BTC worth roughly $195 million. The position currently has an unrealized profit of $2.463 million.

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The U.S. military is supporting the "Freedom of Navigation" operation and imposing a naval blockade on Iranian ports

May 4th (CJN) — U.S. Central Command announced the U.S. military is supporting the "Freedom of Navigation" initiative and imposing a naval blockade on Iranian ports.

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US Central Command Denies Warship Attack, Claims to Be Blocking Iran Port

On May 4, U.S. Central Command (CENTCOM) said in a social media post: "Iranian state media is reporting that the Islamic Revolutionary Guard Corps (IRGC) struck a U.S. military vessel with two missiles. However, no U.S. Navy vessel was attacked. The U.S. military is supporting 'Operation Freedom' and enforcing a naval blockade of Iranian ports." (Wall Street News)

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Trump Threatens to Increase EU Tariffs, EU Claims Move Targets German Car Makers

May 4 (local time) — Per CCTV News, Bernd Lange, chair of the European Parliament’s International Trade Committee, pushed back against U.S. President Donald Trump’s threat this week to hike tariffs on European Union automobiles entering the United States. Lange said Trump’s proposed 25% tariff on EU cars is politically motivated and directly targets German automakers. “These tariffs have no legal basis or economic justification,” Lange stated. “This is purely political, and it targets Germany — specifically German car manufacturers.”

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An address acquired 254,000 SATO tokens at an average price of $0.5, becoming the second-largest holder on the Ethereum blockchain.

On May 4th, per LookOnChain data, a whale wallet (address: 0x2daa0456786a065ee17d1edacc231f9acd6f018b) — which previously netted $1.3M in profits from ASTEROID — spent 53.6 ETH (≈$127k) to purchase 254,000 SATO at $0.5 each. This makes it the second-largest SATO holder on the Ethereum network.

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