Florida 2026 Cryptocurrency Strategic Reserve Act

**US, Israel Strike Iranian Bridge; Iran Vows Retaliation, Oil Prices Surge** April 3rd — The U.S. and Israel targeted Iranian infrastructure Wednesday, bombing the iconic Beiyek Bridge on the Beyk Highway in Kalaj-e Karim, Iran. The bridge—billed as the Middle East’s highest, a landmark engineering project, and part of the Tehran-Kalaj corridor core—was damaged ahead of its planned opening. Iran immediately vowed retaliation, launching its *Real Commitment Operation Round 90* in response. ### Market Reaction - WTI crude oil jumped nearly 15% intraday, settling above $110 for the first time since 2022. - Brent spot prices skyrocketed above $140, hitting their highest level since 2008. ### Latest Developments #### Iranian Actions/Statements - Deputy Foreign Minister Gharibabadi: Iran is drafting a transit agreement with Oman for the Strait of Hormuz. - Launched the 90th wave of its operation, striking U.S.-linked metal industry facilities. - Partial power outage

April 3 — Sonic Labs announced in an official statement that approximately 32.69 million S tokens from its Season 1 and Season 2 airdrops remain unclaimed. Unclaimed tokens by the final deadline will be burned on October 15, 2026. **Claim Rules by Season:** - **Season 1:** Claim by April 18, 2026 to avoid penalties; claims between April 18 and October 15, 2026 will incur penalties. - **Season 2:** Claim by May 24, 2026 to avoid penalties; no penalties apply for claims made between May 24 and October 15, 2026. Any tokens unclaimed by the October 15, 2026 deadline will be permanently destroyed.

**April 3 (Local Time) – President Donald Trump signed a statement Thursday adjusting U.S. national security tariffs on steel, aluminum, and copper imports. The changes aim to: - Lower tariff rates on metal-derived products - Simplify the import declaration process - Curb misdeclaration of import values The statement notes the U.S. will retain a 50% tariff on bulk steel, aluminum, and copper—but this rate applies to the price U.S. consumers pay. Other key updates: - Eliminate the 50% tariff on derivative products of these metals if their metal content (by weight) is below 15% - Remove Section 232 tariffs on products with very low metal content U.S. officials say the changes won’t have a significant economic impact compared to the prior tariff system. However, levying the 50% tariff on the total sales value of bulk metals may generate additional revenue. (Source: Jinse)**

As of April 3, per HTX market data, the crypto market has been trading in a narrow low-range oscillation. Bitcoin briefly rebounded this morning, topping $67,000, and now trades at $66,800—down 1.8% over the past 24 hours. Ethereum currently sits at $2,055, a 4.02% 24-hour drop. The total crypto market cap has fallen 1.3% in 24 hours, now at $2.394 trillion. SOL is priced at $79, BNB at $583. ### Top-Performing Altcoins (24h) - CTSI: +67.6% → $0.0037 - SOLV: +47.8% → $0.0057 - NOM: +36.7% → $0.0083 - FIDA: +26.2% → $0.0019 - SYN: +21.7% → $0.0058 ### Biggest Altcoin Losers (24h) - STO: -49.3% → $0.226 - BANK: -46.4% → $0.03 - D: -40.2% → $0.0083 - KITE: -16.4% → $0.129 - BLUR: -14.3% → $0.0197 ### U.S. Stock Update (per Bitget data) - Dow Jones: Initially down 0.13% - S&P 500: Up 0.1% - Nasdaq: Up 0.18% Crypto-related U.S. stocks saw broad declines: - MicroStrategy (MSTR): -2.4% - Coinbase (COIN): -0.88% - Circle (CRCL): -0.55% - BitMine Im

April 3rd: Bloomberg reported Tuesday that SpaceX has raised its initial public offering (IPO) valuation target to over $2 trillion, according to people familiar with the matter. The company and its advisors are sharing this target with potential investors and gearing up for meetings in the coming weeks, with its roadshow presentation expected to include additional details to support the valuation. After acquiring xAI—another firm under Elon Musk’s umbrella—SpaceX’s post-merger valuation hit $1.25 trillion. At a $2 trillion valuation, SpaceX would outpace all S&P 500 companies except NVIDIA, Apple, Alphabet (Google’s parent), Microsoft, and Amazon. It would also exceed two members of the U.S. stock market’s “Big Seven”: Meta and Musk’s own Tesla.

April 3: Spot Brent crude — the North Sea’s physical oil delivery benchmark — topped $140 per barrel, hitting its highest level since 2008. Per S&P Global Platts, North Sea-delivery Brent crude reached $141.37/bbl, marking the highest price since 2008. The Strait of Hormuz has been closed for over a month, triggering the largest oil supply disruption in market history, according to the International Energy Agency (IEA). The strait handles roughly one-fifth of global oil shipments, and refineries have been scrambling for available supplies in recent weeks. Spot Brent was just below $128/bbl one day earlier, and current prices now surpass the peak seen during the 2022 Russia-Ukraine conflict. While benchmark Brent crude futures remain below that peak, spot Brent reflects the price of oil traded over a shorter time horizon. (FXStreet)