Bitcoin is holding below $73K, slipping slightly as high level talks between the U.S. and Iran begin in Islamabad.
The broader crypto market? Mostly flat.
This comes after a strong weekly move fueled by a ceasefire driven rally that triggered a massive short squeeze, wiping out over $430M in bearish bets.
But the calm may not last.
The truce remains fragile. Airstrikes continue in the region. Tensions are still high.
Iran’s plan to charge ships passing through the Strait of Hormuz is adding more pressure drawing criticism from Donald Trump.
Something unexpected just dropped and it’s not just a book.
Changpeng Zhao wrote Freedom of Money under extreme conditions, 15 minute prison terminal sessions, paying per message.
But the real story? It’s explosive.
He calls Bitcoin the moment he truly understood money, framing blockchain as a global infrastructure shift.
Then comes the fire:
Sam Bankman Fried labeled a “refined egoist.” A failed FTX bailout revealed missing transparency within 24 hours. Star Xu accused of reporting rivals, claims now publicly denied.
And despite all this?
CZ says he will donate 100% of book profits. Keeps nothing.
Changpeng Zhao said advances in quantum computing could eventually challenge current encryption, meaning Bitcoin may need a quantum resistant upgrade via a hard fork.
He noted that new encryption standards already exist that quantum computers cannot easily break, and shifting Bitcoin’s protocol to these methods could address the risk.