fishj.eth
89 posts
@fishjETH
Dr. Fish is the Carleton Professor and Chair of the Department of Civil Engineering and Engineering Mechanics at Columbia University.
BREAKING: Malaysia called the US-Israeli strikes on Iran “barbaric” and a “violation of international law.” It declared its US reciprocal trade agreement “null and void” after the Supreme Court struck down Trump’s tariffs. And then it picked up the phone, called Tehran, and secured toll-free passage for seven Petronas tankers through the Strait of Hormuz. Transport Minister Anthony Loke confirmed on March 31 that no toll is being imposed on Malaysian vessels because Malaysia has been designated a “friendly nation” by the IRGC. The strait that charges $2 million per crossing to everyone else lets Malaysian ships through for free. This is the new sorting algorithm. The IRGC is not just filtering by cargo type. It is filtering by geopolitical alignment. China transits free because China buys Iranian oil and hosts the peace talks. India transits free because India maintains backchannels and refuses to condemn. Pakistan transits free because Pakistan is brokering the five-point framework in Beijing. And now Malaysia transits free because Malaysia condemned the war, nullified its American trade deal, and positioned itself as a Muslim-majority nation aligned with neither aggressor. The toll booth is not charging for passage. It is charging for allegiance. And the nations that pay nothing are the nations that owe Washington the least. Malaysia imports 70 percent of its crude through Gulf routes. Without the exemption, Petronas tankers would face $2 million tolls plus war-risk insurance that would collapse refining margins and spike domestic petrol prices. Prime Minister Anwar thanked President Pezeshkian personally. The Iranian ambassador confirmed the designation. Seven tankers have clearance. Petronas has assured domestic fuel stability through May. The US trade deal nullification adds the second dimension. On March 15, Malaysia’s trade minister declared the American Reciprocal Tariff agreement “null and void” after the Supreme Court ruling. Within two weeks, Malaysia secured toll-free passage from the country America is at war with. The timeline is not coincidental. It is transactional. Malaysia calculated that the cost of American displeasure is lower than the cost of $2 million per tanker crossing multiplied by every Petronas vessel for the duration of a war with no visible end date. The math chose Tehran over Washington. The math was correct. And this is the pattern that should alarm every strategist in the Pentagon. Malaysia is not an adversary. It is a US security partner in Southeast Asia, a semiconductor packaging hub, a Five Eyes intelligence-adjacent nation, and a TPP signatory. If Malaysia can nullify a US trade deal, condemn the war as barbaric, secure free passage from the IRGC, and maintain diplomatic relations with both sides simultaneously, then the American alliance system is not being challenged by enemies. It is being arbitraged by friends. The toll booth is revealing who actually needs whom. And the answer is that a $2 million crossing fee has more immediate power over national alignment than 80 years of American security guarantees. The IRGC did not build a blockade. It built an alignment detector. Ships that belong to nations aligned with Washington pay. Ships that belong to nations aligned with neutrality or Beijing pass free. The strait is sorting the world order in real time, and the sorting criterion is not military power. It is diplomatic flexibility. Malaysia chose flexibility. The tankers are sailing. And Washington, as Trump promised on Truth Social, will remember. open.substack.com/pub/shanakaans…
It's that time of year again Coinbase results are released on Thursday and the main number I am interested in is their ETH reserves They held 148,715 ETH as at Q3 and have earned 5.4k ETH in sequencer fees since then - this means that a total of 154,120 ETH , or more, is expected Their rate of any accumulation, particularly in the comparison to the rate of assumed BTC accumulation, will be interesting to see
𝗜𝘁’𝘀 𝘁𝗮𝘅 𝘀𝗲𝗮𝘀𝗼𝗻. Sorry for the jump scare. This is the first year the IRS is standardizing crypto tax reporting. So we’ve teamed up with @CoinTracker to make it easier for you. Especially with the new form, Form 1099-DA. 🧵
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