Cryptocrates

Bitcoin isn’t just money—it’s infrastructure. The U.S. Navy is already using Bitcoin’s encryption to protect military data. This is bigger than finance. It’s about securing everything of value.

This is the yield on 10Y Japanese bonds over the past 20 years. It's gone vertical. One could say the Bank of Japan is rapidly losing control of its bond market.

BITCOIN CONFIRMED AS PART OF IRAN’S STRAIT OF HORMUZ TOLL PLANS Iran has reportedly launched “Hormuz Safe,” a sovereign-backed maritime insurance platform allowing ships crossing the Strait of Hormuz to purchase coverage using Bitcoin. According to Iranian state-linked reports, the platform offers digitally verified insurance certificates, encrypted authentication systems, and rapid coverage for vessels operating in the Persian Gulf and surrounding waterways. Documents cited by Fars News Agency claim Iran’s Economy Ministry has been developing the framework since early May as part of a broader strategy to manage shipping traffic through Hormuz using insurance, liability guarantees, and maritime certification systems. Iranian media claims the initiative could eventually generate more than $10B in annual revenue if widely adopted. The move comes as tensions escalate around one of the world’s most critical energy chokepoints, where roughly 20% of global oil supply passes daily. If adopted at scale, Bitcoin may now be entering global maritime trade and energy logistics in one of the most geopolitically sensitive regions on earth.

Iran has launched "Hormuz Safe," a platform offering digital maritime insurance for ships transiting the Strait of Hormuz with payments settled in Bitcoin. Iran's Ministry of Economy has been developing the initiative since April, and officials estimate it could generate over $10 billion in revenue. The timing matters. Weeks ago, OFAC froze $344 million in USDT held in wallets attributed to the Central Bank of Iran with links to the IRGC-Qods Force and Hezbollah. Tether complied and froze the wallets on April 23. By settling in Bitcoin instead of stablecoins, Iran is explicitly routing around the enforcement mechanism that just cost them $344 million. Bitcoin has no freeze function. Before the official launch, Greek maritime risk firm MARISKS warned that unknown actors claiming to represent Iranian authorities were already sending messages to ships demanding transit fees in Bitcoin for "safe passage." At least one oil tanker was attacked after falling for what appeared to be a related scam. The Strait of Hormuz handles roughly 20% of global oil supply. Iran is positioning itself as the de facto insurer for the world's most critical energy chokepoint, using Bitcoin as the payment rail specifically because it can't be frozen or seized.