✨️Important Weekly Review🔥
💥Crypto and Finance
🔹️Iran is demanding ships pay fees in crypto or Chinese yuan to transit the Strait of Hormuz, effectively creating a "toll booth" system.
🔸️The US Department of Labor proposes opening $10 trillion 401(k) retirement plans to crypto and alternative investments, potentially unlocking new capital for digital assets.
🔹️Charles Schwab will launch Bitcoin and Ethereum trading soon, offering users direct access to cryptocurrencies.
💥Market and Economy
🔹️Michael Saylor says the four-year Bitcoin cycle is "dead," indicating a shift in market dynamics.
🔸️President Trump to unveil a $1.5 trillion defense budget, the largest yearly US military spending increase since World War II.
🔹️Fed Chair Jerome Powell warns the US national debt is growing unsustainably.
💥Tech and Business
🔹️Elon Musk says Tesla is making a "big" investment in Japan.
🔸️Coinbase gains conditional approval for a US national trust company charter.
🔹️Elon Musk's SpaceX confidentially files for IPO.