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JUST IN: 🇺🇸 Tether freezes $344 million in $USDT following requests by US law enforcement.

Former World Champion 🇨🇳Ding Liren climbs to 14th in the world Today’s round in the Chinese Team Championship saw Ding Liren continue his strong return to classical chess with another win. With this result, he extends his winning streak and gains additional Elo points, pushing his rating to 2737.8 and moving him up to 14th in the world. it’s another solid step forward in his comeback and a clear sign his classical form is steadily improving.

Nobody in crypto is talking about the $1 billion Bitcoin operation that gets wiped out if the bombs fall. Iran mines Bitcoin at $1,320 per coin on subsidized electricity and sells it at $68,000. A 50x gross margin. Not a hedge fund return. Not a venture multiple. Fifty times on power costs alone, running on electricity priced at half a cent per kilowatt hour while Iranian civilians suffer rolling blackouts because 700,000 mining rigs are draining 2,000 megawatts from a collapsing grid every single day. 95 percent of those rigs are illegal. The IRGC runs the largest operations, exempt from electricity bills, consuming power from facilities that simultaneously cause blackouts in hospitals and homes. The regime legalized mining in 2019 specifically to convert sanctioned energy into unsanctioned hard currency. Bitcoin is not a side hustle for Iran. Bitcoin is the single most effective sanctions evasion tool in the regime’s arsenal. Every block mined on subsidized Iranian electricity is a direct conversion of state-subsidized energy into dollars that no SWIFT ban can touch. Iran accounts for 2 to 5 percent of global Bitcoin hashrate. That means roughly 1 in every 25 blocks confirmed on the Bitcoin network is being validated by machines that fund the IRGC, the same organization massing troops at the Iraqi border, operating the missile batteries the F-22s were sent to suppress, and running the nuclear facilities the B-2s are programmed to destroy. Now connect this to the strike. Iran’s power grid is already failing. The mining operations consume the equivalent of a mid-sized city’s electricity demand. A military campaign targeting critical infrastructure, command nodes, radar installations, and military communications would cascade through the same grid that powers the mining farms. You do not need to target Bitcoin mining specifically. You just need to hit the grid that sustains it. A 7-to-10 day air campaign collapses Iranian electricity generation by an estimated 30 to 50 percent. That does not reduce mining by 30 to 50 percent. It eliminates it entirely, because mining rigs require continuous power and even brief outages destroy active operations. The global Bitcoin hashrate drops 2 to 5 percent overnight. Difficulty adjusts downward. Block times extend. Transaction fees spike. And $1 billion in annual Iranian crypto revenue, the hard currency pipeline that no sanction could close, goes dark in the same week the centrifuges stop spinning. The market is pricing Iran risk into oil. Nobody is pricing it into Bitcoin. Every hash produced in Iran today is a countdown timer. When the grid goes, the hashrate goes with it. And the IRGC’s last unsanctionable revenue stream dies alongside the enrichment program it was funding.