US Media: Iran Plans to Charge Fee for Strait of Hormuz Subsea Cables
May 18, per CNN: Drawing inspiration from its wartime success blockading the Strait of Hormuz, Iran is now setting its sights on a hidden artery of the global economy: underwater fiber optic cables crisscrossing beneath the strait, which carry enormous volumes of internet and financial data traffic between Europe, Asia, and the Persian Gulf.
Iran plans to charge major global tech firms for using these underwater cables, with government-linked media outlets quietly dropping subtle threats that data transmission could be disrupted if companies refuse to pay. Last week, Tehran’s lawmakers debated a related proposal targeting submarine cables connecting Arab nations to Europe and Asia.
“We will charge fees for the internet cables,” Iranian military spokesperson Ebrahim Zolfaghari stated on social media last week, according to reports from outlets closely affiliated with the Islamic Revolutionary Guard Corps. Tehran’s scheme would require compliance from tech giants including Google (GOOG.O
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trade.xyz has acquired the SPCX ticker and will soon launch the SpaceX Pre-IPO Perpetual Contract in the coming days.
May 17 update: Per MLM Monitor, Trade.xyz acquired the SPCX code via HIP-3 one hour ago, and is poised to launch SpaceX’s Pre-IPO perpetual contract in the near future. This will mark the second live project on the platform’s Pre-IPO segment, following Cerebras Systems. Earlier Reuters reporting indicated SpaceX’s stock is set to debut as early as June 12.
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Analyst: $78,000 area still a key support level for Bitcoin, with a breakthrough of $85,000 or a quick surge to $95,000
On May 17, CoinDesk analyst James Van Straten published an article noting that roughly 15% of Bitcoin’s total supply is currently concentrated around its 200-day moving average, which sits between $83,000 and $85,000. Van Straten added that a breakout above $85,000 could push Bitcoin to $95,000 in short order.
Additionally, both True Market Cap (TMM) and the Short-Term Holder Cost Basis are holding as a critical support zone around $78,000.
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Institution: The Global Central Bank Policy Tightening Is Likely to Be Quite Limited
May 17: Macro research firm TS Lombard says a drastic monetary tightening cycle is off the table. Facing an oil price shock, global central banks are likely to deliver only modest policy tightening at most. In Europe, the energy crunch has already dragged down economic activity. The UK’s labor market has been unstable for some time, and hiring sentiment across the region has grown increasingly subdued. TS Lombard projects the European Central Bank (ECB) and Bank of England (BoE) will tighten policy less this year than current market expectations— a possibility the market is drastically underappreciating. Meanwhile, in the U.S., the Federal Reserve’s odds of near-term policy tightening are slim; if it does act, it’s almost certainly not happening until 2027. (Source: FXStreet)
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Two wallets spent $2.33 million in the past 5 hours to buy 656,338 UNI.
On May 17, per LookOnChain’s monitoring, two wallets spent a combined $2.33 million to purchase 656,338 UNI tokens over the past five hours.
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Bitcoin HODLers' Holdings Reach 15.26 Million BTC, Hitting a New High Since August 2025
May 17: On-chain analyst Darkfost published an analysis piece noting that the supply of Bitcoin held by Long-Term Holders (LTH) continues to climb, hitting a new high of 15.26 million BTC—its highest level since August 2025. Over the past 30 days, LTH-held Bitcoin supply has risen by around 316,000 BTC. This marks a stark contrast to the net decrease of 650,000 BTC recorded in the 30 days leading up to the end of last November, when a large volume of Bitcoin flowed out of long-term holder wallets. Darkfost says this signals that some investors who accumulated Bitcoin roughly six months ago are still holding onto their positions.
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