Key Insights:
- The latest crypto news showed that the Strait of Hormuz opened briefly, but ships were reportedly being forced to pay passage fees in Bitcoin and stablecoins.
- PayPal USD sees steady transaction growth amid disruptive market phase.
- Global stablecoin market cap tops out at $321 billion.
Crypto news headlines flashed green, and the market responded positively after Iran reportedly opened the Strait of Hormuz. However, more recent data suggests that it has once again been closed.
The Strait of Hormuz has been making crypto news headlines for quite some interesting reasons. Preliminary information revealed that the Iranians had reopened it. Bitcoin and most altcoins responded positively to this…
