BREAKING: Iran has closed the Strait of Hormuz.

Iran's joint military command said Saturday that control measures in the Strait of Hormuz have been reinstated, walking back a Friday statement by Foreign Minister Abbas Araghchi that the strategic waterway was open to commercial shipping. A few hours later, the UK Maritime Trade Operations (UKMTO) center reported that two gunboats from Iran's Islamic Revolutionary Guard Corps (IRGC) opened fire on a tanker transiting the strait. The ship and its crew were safe, according to the Associated Press. Tehran blamed the move on what it described as a U.S. blockade of Iranian ports, accusing Washington of breaching the April 7 ceasefire framework. Under the arrangement, Iran agreed to keep the strait open in exchange for a two-week pause in hostilities. Ebrahim Azizi, head of Iran's parliamentary National Security Commission, said vessels will once again need authorization from Iran's navy and must pay a toll before transiting. The Strait of Hormuz carries about 20% of global seaborne oil and LNG. Brent was trading near $130 a barrel before Friday's reopening announcement, which sent prices down more than 10%.

Huo Xing Finance cited Coinglass data showing whale positions on the Hyperliquid platform at $3.678 billion. Long positions total $1.855 billion, accounting for 50.44% of exposure, while shorts stand at $1.823 billion, or 49.56%. Unrealized P&L is $17.4291 million on longs and $42.676 million on shorts. One whale wallet, 0x0ddf..02, opened a 3x full-position BTC short at $67,992.10 and is currently sitting on $8.1779 million in unrealized profit.

Worldcoin added fresh corporate partners on Friday, but its token moved sharply lower. Zoom and DocuSign are the latest companies to adopt World's identity verification system, joining a growing list of mainstream platforms testing the iris-scanning technology backed by OpenAI CEO Sam Altman. Tinder is also beginning a rollout of World ID for users in the U.S. The announcements landed the same day Worldcoin's token, WLD, fell about 10% to roughly $0.28. The decline was notable as WLD traded against broader strength in crypto during the session. At the center of World's system is the Orb, a device that scans a user's iris to create a unique digital identity. The company says the process confirms a user is human without storing or exposing personal data. That identity can then be linked to third-party services through World ID. Zoom is using a feature called Deep Face authentication to detect and block deepfakes during video calls. DocuSign is applying World's ID verification to electronic agreements. Both integrations aim to address a common issue: AI-generated content is making it harder to distinguish humans from machines, while fraud involving synthetic identities is rising. "As AI agents increasingly act on behalf of real people, the infrastructure to prove a human stands behind each agent becomes critical," World said. World also said it has updated its account system, adding key recovery and multi-device support to make verification easier to use across platforms. Privacy concerns remain a major sticking point. Critics argue biometric collection at this scale raises risks around data security and potential misuse, including fears the system could enable surveillance if applied beyond its stated purpose. WLD powers the World Network. Users can earn the token by verifying their identity through the Orb, and it can be used for transactions within the ecosystem. In March, Coinbase said it would use World's AgentKit—a developer toolkit that connects AI agents to verified human identities—for its x402 micropayments protocol, adding to Worldcoin's push deeper into AI use cases where proving human oversight is becoming a priority.

Japan has approved amendments to its Financial Instruments and Exchange Act (FIEA) that would classify digital assets as financial instruments and ban insider trading based on nonpublic information, Nikkei reported.

Onchain investigator @zachxbt says he has identified signs of possible insider manipulation involving the @RaveDAO token, claiming insiders may control more than 90% of $RAVE's total supply. ZachXBT alleged the activity resembles a pump-and-dump tied to flows originating from @binance, @bitgetglobal and @gate_io. He urged Binance's He Yi and Bitget CEO @GracyBitget to investigate and remove any implicated parties. He also offered a $10,000 bounty for whistleblowers who provide evidence related to the alleged scheme. Bitget CEO Gracy Chen responded publicly shortly after, saying the exchange has opened an investigation into $RAVE. $RAVE has surged more than 10,000% over the past 30 days, adding another 44% on Saturday.

Bitcoin retreated to around $76,000 as renewed Middle East tensions drove a fresh bout of risk-off trading. The latest swing followed a rapid reversal tied to the Strait of Hormuz: Iran's decision to reopen the passage initially sparked a risk-asset rally and a sharp short squeeze, but sentiment flipped after the waterway was closed again. The move triggered one of the largest liquidation waves since 2026. Roughly 168,336 traders were liquidated for a combined $762 million, with short positions accounting for about $593 million—nearly three-quarters of the total. During the squeeze, oil prices briefly fell nearly 10%, helping Bitcoin punch through a key resistance zone between $76,000 and $78,000. Prices later pulled back as the strait returned to military control and several tankers reportedly turned around. Structurally, the rally was fueled by persistently negative funding rates, which kept shorts paying longs and set the stage for a squeeze. Even with the near-term pullback, Bitcoin remains up about 4.5% on the week, while Ethereum has held up better. Traders are now watching $76,000 as the key support. A weekly close above that level would help preserve the breakout setup; a break below could send Bitcoin back into the trading range in place since March. (CoinDesk)

Odaily Planet Daily cited CoinGlass data showing $29.32 million in liquidations across the crypto market over the past hour. Long positions accounted for $24.20 million, while short positions made up $5.12 million. By asset, RAVE recorded $7.6837 million in liquidations during the hour, and BTC saw $7.2747 million.

BlackRock's holdings of real-world assets (RWA) have increased by $700 million since Jan. 1.