Starwood Founder Barry Sternlicht: Ready to push forward with asset tokenization but constrained by U.S. regulations

South Korea is drafting a Digital Assets Framework Act, and stablecoin issuance must obtain bank-level authorization

The Democratic Party of Korea introduced the “Digital Assets Basic Act,” establishing a digital asset regulatory framework, including issuance requirements for stablecoins and rules governing market conduct. In addition, the Financial Services Commission requires exchanges to implement a uniform withdrawal delay to combat voice scams. The core of the bill centers on a dispute over the eligibility requirements for stablecoin issuance, with the central bank and the Financial Services Commission taking different positions.

The Strait of Hormuz remains blocked, and Iran demands that transit fees be paid in Bitcoin

Although the U.S. and Iran have announced a temporary ceasefire, the Strait of Hormuz remains obstructed for passage. Iran requires oil tankers to pay a one-dollar toll per barrel and to do so in bitcoin. This move challenges the traditional “petrodollar” system, aims to reduce the risk of sanctions, and may accelerate the global process of de-dollarization in trade.

Glassnode: Is the Bitcoin rebound just a dead cat bounce? Where is the key pressure level?

Glassnode reports that although the Bitcoin price rebounded to $72k due to a U.S.-Iran ceasefire, the market structure is still in a bear market. In the short term, the downside may be limited, but the $78k level faces pressure overhead. ETF capital inflows have ticked up slightly, but they have not yet fully returned; trading activity in derivatives remains sluggish, indicating insufficient market confidence. Going forward, we need to monitor changes in the futures trading and options markets.

The Strait of Hormuz starts charging “Bitcoin transit fees,” and Trump is considering partnering with Iran to collect tolls

Iran plans to charge ships passing through the Strait of Hormuz a $1 per barrel Bitcoin toll, an action that is seen as a challenge to the “petrodollar” system. Trump says he is considering a joint venture with Iran to set up a fee collection mechanism, showing new developments and a power struggle between the U.S. and Iran on this issue. Even if there is a desire for a ceasefire, renewed passage through the Strait of Hormuz will still be subject to Iran’s strict control.

Why is Bitcoin down today? The Iran–Israel ceasefire is on the verge of collapse, and the Strait of Hormuz shuts down again

Bitcoin has recently been trading below $72,000 and faces risks from the failure of the U.S.-Iran ceasefire talks and the Strait of Hormuz closing again, which has weighed on market sentiment. At the same time, Federal Reserve meeting minutes show that the likelihood of further rate hikes is rising, further affecting the valuation of risk assets. Bitcoin’s key resistance level is $75,000 and its support level is $68,000; the market is currently waiting for a clear direction confirmation signal.

Optimism over the Iran-U.S. ceasefire helped drive a broad rebound in U.S. stocks, and Bitcoin rose to a three-week high.

The United States and Iran reached a two-week ceasefire agreement, and global financial markets turned optimistic, with the S&P 500 rising 2.51%. U.S. crude oil prices fell to below $95 per barrel, easing concerns about an energy crisis. Bitcoin at one point rose 5% to $72,841, hitting a three-week high. Expectations that the Federal Reserve will cut interest rates have also increased.