Trump says US-Iran ceasefire on ‘massive life support,’ crypto markets brace for fallout

President Donald Trump stated that the US-Iran ceasefire is on "massive life support" with only a "1% chance of living," calling Iran's peace proposal "stupid" and "a piece of garbage." This declaration comes amid hints of reviving "Project Freedom" to secure the Strait of Hormuz and potential bombing campaigns. The article highlights the growing connection between sanctions and cryptocurrency, noting the US Treasury's recent freezing of $344 million in crypto assets tied to Iranian entities and previous sanctions on exchanges facilitating Iranian transactions. Iran has been developing national cryptocurrency initiatives since 2018 to bypass US sanctions, contributing significantly to the global Bitcoin hashrate. Military escalation in the Strait of Hormuz, through which a fifth of the world's oil passes, could lead to oil price spikes, increased inflation expectations, and nervousness among central banks, potentially causing a sell-off in risk assets like crypto. The article also points to a potential surge in demand for privacy-focused tokens as governments improve their ability to trace and freeze cryptocurrencies, suggesting that platforms facilitating sanctions evasion will face scrutiny.

(Source：Crypto Briefing)