Happy Tuesday!

Bitcoin is seeing fresh ETF inflows — and that is despite maximum geopolitical uncertainty. What’s driving the interest?

Strategy has posted a massive $14B loss in Q1 as Bitcoin kept going down. Does Michael Saylor have a plan B?

Plus, the Pentagon is quietly shifting billions away from legacy giants to smaller space firms. and while most investors can't buy SpaceX just yet, they can position for what comes next. See The Space Trade Setup

TOP STORY

Bitcoin ETF Inflows Hit $471 Million As Trump's Iran Deadline Nears Expiry

Bitcoin ETFs just pulled in $471 million in a single day — the sixth-largest inflow this year— hours before Trump's Iran deadline expires.

The setup is a pure binary: Iran opens the Strait of Hormuz, oil pulls back, rate-cut expectations firm up, and BTC rips higher.

Iran doesn't, Trump strikes civilian infrastructure, oil spikes, the Fed's timeline extends, and risk assets reprice lower.

Markets aren't pricing in catastrophe yet, but the technical picture is flashing urgency…

SPECIAL OFFER

SpaceX Is Worth $1.5 Trillion. Here's the Backdoor In

Everyone's watching SpaceX. Smart money is already positioned in what follows: the data networks, spectrum licenses, and defense contractors moving in behind it. The Pentagon is quietly shifting billions away from legacy giants to smaller space firms — and the companies winning those contracts are getting a new seal of approval overnight. Most investors can't buy SpaceX. But they can position for what comes next.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are trading down on Tuesday as markets fear Trump’s deadline expiry: here’s what else is driving markets today.

XRP is heading to Africa and wats to expand into the $200 billion crypto market. Here’s how.

Altcoins are down 70%, but on-chain sleuths recommend watching the action on Binance to understand what’s really going on.

FINTECH FOCUS

Michael Saylor's Strategy Posts $14.5B Unrealized Loss In Q1: What Is Going On?

Strategy reported a $14.5 billion unrealized loss in Q1 as Bitcoin $BTC tumbled more than 20% — its worst first quarter since 2018.

The company held more than $50 billion in cryptocurrency at quarter-end and is still buying, scooping 4,871 BTC for $330 million during the first week in April at $67,700 per coin.

But the market-moving power is fading fast: Strategy now accounts for just 7% of gross Bitcoin inflows, down from a peak demand of $15 billion+ in November 2024 when MSTR stock traded at a massive premium to its holdings.

That premium is gone…

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