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The gains came after Apple (AAPL) joined peers with an earnings report that improved sentiment across the industry. The companies, which include Google parent Alphabet (GOOG), Microsoft (MSFT), Meta (META) and Amazon (AMZN), all reported double-digit revenue growth earlier this week.
The earnings reports helped risk assets rise as renewed confidence in the AI growth story pulled investors back into equities and crypto, though the bounce so far reflects relief buying rather than conviction that a new rally has begun.
In a note shared with CoinDesk, crypto exchange Mercado Bitcoin said the market is dealing with “short-term pressure with still-mixed structural factors,” including reduced rate-cut hopes, ETF outflows and higher geopolitical risk.
Crypto prices held this week even as oil surged and spot bitcoin ETFs saw more than $400 million of outflows as April came to a close.
Oil remains a key factor. Higher crude prices from the Iran conflict and disruption in the Strait of Hormuz could feed inflation, making central banks less willing to cut interest rates. That can weigh on crypto and other risk assets by making cash and bonds more attractive.
The Federal Reserve kept rates at 3.50% to 3.75% this week, though the four dissenting voices are the most since 1992. Mercado Bitcoin said the decision and the absence of clear rate-cut signals led markets to reprice policy expectations.
“In the short term, the market should remain volatile and highly reactive to economic data,” the company's head of research, Rony Szuster, said. “In the medium term, the structure remains dependent on the stabilization of institutional flows and the path of global monetary policy.”
Jerome Powell’s chairmanship at the Fed ends on May 15, and Kevin Warsh is expected to chair the June FOMC meeting,which could induce volatility given Warsh’s favor for tightening monetary policy.
The key test remains at $80,000. A break could draw new buyers, while a failed move may trigger selling if leveraged longs unwind. Stay alert!
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The Conservative and Labour parties argued Nigel Farage broke Commons rules by not declaring the £5 million, but Reform UK said it was an exempt, personal, unconditional gift.
Farage confirmed the gift in an interview with the Daily Telegraph, saying it was meant to keep him "safe and secure for the rest of my life" after a milkshake was thrown at him in 2019 and a firebomb attack on his home last year.
Harborne, a Thailand-based businessman with a 12% stake in stablecoin issuer Tether, made the payment in 2024. Farage announced his Clacton candidacy in early June last year and won the seat in July.
A Reform UK spokesman called the payment a "personal unconditional gift" given before Farage was elected and said his decision to stand as an MP was "entirely unrelated
The spokesman, the report added, said "We are confident everything has been declared in accordance with the rules."
The Commons code of conduct requires new MPs to register benefits received in the 12 months before their election, and says any benefit should be registered if there is doubt. Reform says the gift falls under the exemption for purely personal gifts.
The country’s main opposition Conservative Party wrote to Parliamentary Standards Commissioner Daniel Greenberg asking him to examine whether any of the funds were used to support political activity rather than security. Labour chair Anna Turley said Farage "appears to have broken the rules again."
Harborne gave Reform £9 million, then worth around $12 million, late last year in the largest single donation to a U.K. political party from a living person on record.
Earlier this month, BitMEX co-founder Ben Delo said in an op-ed he had given Reform £4 million ($5.1 million) since the start of the year.
The U.K. government imposed an immediate moratorium on crypto donations to political parties in March, citing the Rycroft review's warning that digital assets could be used to channel foreign money into U.K. politics.
The ban covers donations of any size and will be written into the Representation of the People Bill, with criminal penalties for non-compliance.
That same month, Farage invested £215,000 ($286,000) in Stack BTC, a London-listed bitcoin treasury company chaired by former Chancellor Kwasi Kwarteng, taking a 6.31% stake through his investment vehicle Thorn In The Side.
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📊 Fed Holds Interest Rates Steady — What It Means for Markets

The U.S. Federal Reserve has once again decided to keep interest rates unchanged, signaling a cautious approach as it continues to evaluate the direction of inflation and overall economic strength.

The benchmark interest rate remains within its current range, a move that was largely expected by markets. After an aggressive cycle of rate hikes in previous years, the Fed is now taking a wait-and-see stance, balancing the need to control inflation without putting too much pressure on economic growth.

Why did the Fed pause?

Several key factors influenced this decision:

- Inflation is easing, but still not fully at the Fed’s 2% target
- The labor market remains strong, with steady job growth
- Economic activity continues to show resilience despite high rates

By holding rates steady, the Fed is giving itself more time to assess whether inflation will continue to decline sustainably.

What did Powell say?

Fed Chair Jerome Powell emphasized that the central bank is not in a rush to cut rates. He reiterated that decisions will remain data-dependent, meaning future moves will depend on inflation trends, employment data, and broader economic conditions.

At the same time, Powell acknowledged that if inflation continues to cool, rate cuts could be considered later — but not prematurely.

Market reaction

Financial markets responded cautiously:

- Stocks showed mixed movement as investors digested the Fed’s tone
- Crypto markets experienced slight volatility, reflecting uncertainty
- Bond yields remained relatively stable

The overall message from the Fed suggests that while the tightening phase may be over, the pivot to rate cuts is still uncertain.

What comes next?

All eyes are now on upcoming economic data, especially:

- Inflation reports (CPI, PCE)
- Employment numbers
- Consumer spending trends

These indicators will play a crucial role in shaping the Fed’s next move.

The bottom line:
The Fed is holding steady for now — not tightening further, but not easing either. For investors, this means navigating a period of uncertainty, patience, and data-driven expectations.

#FedRatesUnchanged #JeromePowell #EconomicAlert #FactCheck

New data shows unusually high win rates in defense bets, building on research that 3% of traders drive prices and under 1% capture most profits.
Across political markets, such “longshot” bets typically succeed about 14% of the time. In military-linked contracts, success rates have topped 50% in some cases.
Markets tied to specific government policies, such as military and defense and foreign affairs, are harder to forecast using public information alone," the authors wrote, making them "more susceptible to information asymmetries," including insider trading or specialized knowledge.
In those markets, the gap between informed and uninformed traders may be widest, creating conditions in which a small group can consistently outperform not just by reacting faster, but by knowing more
For its part, Polymarket touts its market surveillance teams and cooperation with the Department of Justice on the Venezuela case. Trading on confidential knowledge is prohibited on the platform, as it is on Kalshi
The ACDC report's findings add to a growing body of research pointing in the same direction. A working paper from London Business School and Yale found that roughly 3% of traders account for most price discovery on Polymarket.
Separate analysis from blockchain analytics firm Solidus Labs showed that profits are even more concentrated, with fewer than 1% of wallets capturing about half of all gains. ACDC's contribution is to suggest where some of that edge may come from.
The report examines the June 2025 U.S. strikes on Iran as a case study. Polymarket listed several date-specific contracts on whether a strike would occur. Markets tied to June 19 and June 20 expired without incident, and no longshot bets won.
The strike came at 18:40 ET on June 21. In the hours leading up to it, 19 longshot bets totaling $164,292 were placed across the contracts that ultimately resolved YES. Eight wallets shared about $1.8 million in profits, with one taking nearly $500,000.
The Pentagon had designed the operation to be unreadable from the outside, using decoy bombers and long-range stealth aircraft to avoid detection. Despite that, a small number of traders placed large, well-timed bets on the outcome.
The pattern extends beyond a single event. Across Polymarket’s military and defense category, the report found that in five of the six two-hour windows before market resolution, winning longshot bets outnumbered losing ones, contrary to what market prices imply.
Longshot bets can outperform for other reasons, including mispricing or shifts in public expectations. But the consistency of the patterns, especially in markets tied to military decisions, suggests that some participants may be operating with information advantages that others do not have.
ACDC, being a nonprofit research group funded through the Fund for Constitutional Government, has no surveillance product to sell, compared to Solidus Labs, whose own recent Polymarket analysis doubles as a marketing case for the platform it licenses to Kalshi.
ACDC's recommendations include identity verification for bettors, conditional payouts on suspicious wagers, restrictions on markets whose outcomes are decided by small groups, and limits on how granular contracts can become.
The report’s conclusion goes further, calling for “an evidence-informed debate about whether the public should be betting on these outcomes at all.”
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The early bitcoin investor and author of Bitcoin Supercycle says bitcoin needs to drop to about $57,000 sometime in October before beginning its ascent. A market analyst disagrees.
Despite a double-digit gain thus far in April, we are very much still in a bitcoin fall.”
Terpin is often called 'the crypto Godfather' for his involvement in the industry around 2013, when the digital asset sector was still small and somewhat misunderstood by the mainstream. Among his many ventures, Terpin founded Transform Group, one of the first PR firms focused on blockchain companies, CoinAgenda, one of the first conferences in the space and BitAngels, a crypto angel investor group.
His bearish view for this cycle stands in contrast to the consensus among analysts that the February low around $60,000 marked the end of the bear market and the beginning of a new bull run. Most of these bullish analysts cited renewed inflows into U.S.-listed spot ETFs and the token’s resilience during the Iran conflict and the oil price spike as part of their outlook.
In an interview with CoinDesk, Terpin said that during Asian trading hours on Monday, “the psychological barrier of $80,000 was strongly rejected, with the high price of oil a factor.” He explained that this is typical at this stage of the bitcoin cycle, with lower highs being rejected until the final capitulation.
While Jason Fernandes, a market analyst and co-founder of AdLunam, agrees with Terpin that the bottom has not yet been seen, he disagrees with the timeline, adding that the market may not have fully capitulated yet. Capitulation is a phase in which long-term holders exit in large numbers, signaling a peak in selling pressure
Terpin makes a reasonable case for a later-cycle bottom, but I don’t believe bitcoin has fully capitulated yet,” Fernandes said. “Historically, durable bottoms tend to coincide with a clear exhaustion of both speculative leverage and macro uncertainty, and we’re definitely not there yet.”
Terpin insisted that the fundamentals point more toward a bottom that includes the historical average of the one-year period from each cycle's bottom.
That indicates somewhere around $57,000,” he said, predicting that it will happen sometime in October, about the same timeline from last year when BTC first dipped below $100,000, followed by the October 10 crash, when $19 billion in leveraged positions were wiped out in the largest single-day event on record.
Fernandes added that broader macro conditions could continue to weigh on risk assets, including bitcoin.
Liquidity conditions remain tight, and risk assets broadly are still adjusting to a higher-for-longer rate environment,” he said. “Until we see a more decisive shift in monetary policy or a true washout event in crypto markets, downside volatility remains likely.”
The author and entrepreneur also said bitcoin will not see an all-time high (ATH) this year.
However, Mati Greenspan, a crypto market analyst and founder of Quantum Economics, disagrees.
While I'm hesitant to ever disagree with the 'Crypto Godfather,' his take seems overly bearish to me,” Greenspan said. “We still have lots of room to run this year, given the level of institutional adoption and growing interest a new all-time-high (ATH) certainly seems plausible.”
AdLunam's Fernandes also said market sentiment has not yet reached the levels typically associated with cycle bottoms.
Sentiment hasn’t reached the kind of extreme pessimism that typically marks cycle lows,” he said. “To me, that says we may still need one more leg down – whether or not it aligns exactly with the $57,000 to $59,000 range – before a sustainable base is formed.”
Regarding Terpin’s $100,000 level, Fernandes said it serves more as a psychological signal than a strict technical threshold.
“A true bull market is defined by structural higher highs and strong capital inflows, not just a single price level,” he said. “That said, the psychological effects of hitting $100,000 could trigger exactly that behavior,” Fernandes added
#Altcoins!
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BOSTON, April 24 (Reuters) - A federal judge on Friday expanded the reach of restrictions stopping the Trump administration from forcing universities to turn over sweeping amounts ​of data so it can examine the schools' use of race as ‌an admissions factor.
Boston-based U.S. District Judge F. Dennis Saylor said, opens new tab the department could not require the data to be produced by dozens of universities nationally, including Harvard, Yale, Columbia ​University and other members of the Ivy League.
The U.S. Education Department ​had sought seven years of admissions data on the race ⁠and sex of students to track compliance with the U.S. Supreme Court's ​2023 ruling ending affirmative action in higher education.
Six academic groups including the Association ​of American Universities as well as several individual schools had intervened in a lawsuit by 17 states to secure the same type of relief that Saylor had granted to the states' ​public universities in an earlier April 3 ruling.
Saylor cited a failure to consider ​the Education Department's capacity to implement the "massive" data reporting requirement on a rushed timeline as ‌the ⁠Trump administration works to dismantle the agency.
The Education Department and a lawyer for the academic groups did not respond to requests for comment.
The department requested the data through an Integrated Postsecondary Education Data System survey that it created at ​the direction of ​President Donald Trump.
Trump ⁠had cited universities' "rampant use" of "hidden racial proxies."
The case is Commonwealth of Massachusetts v. U.S. Department of Education, U.S. District ​Court for the District of Massachusetts, No. 1:26-cv-11229.
For the Department of Education: Brittany Bruns of the U.S. Department of Justice
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MOSCOW, April 24 (Reuters) - New European Union sanctions will ban condensate imports from Yamal LNG and other Russian projects that ​produce the light fuel as a byproduct of ‌their liquefied natural gas production from January 1, 2027, according to the EU's official journal.
The European Union on Thursday formally approved a ​90-billion-euro ($105 billion) loan to Ukraine and new sanctions against Russia ​ahead of an informal summit of the bloc's leaders ⁠in Cyprus.
The EU is tightening sanctions against Russia ​over the war in Ukraine as U.S.-brokered peace talks have ​been paused, with Washington's focus on the war in Iran.
The EU has banned Russia's oil imports since December 2022 and subsequently introduced a ​price cap for Russian oil.
The bloc has almost fully ​ended Russian coal, crude oil and fuels imports. In 2021, it ‌imported ⁠43% of its fuels from Russia and 25% of its crude oil supply.
Russia produces gas condensate, a type of light oil, at its two LNG-producing projects: Yamal LNG ​and Arctic LNG-2.
The ​Yamal LNG ⁠plant in the Arctic exported 1.12 million tons of gas condensate to Rotterdam in ​the Netherlands in 2024, up 16.3% from ​2023.
Last year, ⁠the supplies rose by 7.4% to 1.2 million tons.
Gas condensate is used as feedstock for production of petrochemical products ⁠as ​well as motor fuel.
The EU initially ​excluded gas condensates from sanctions in 2022, citing the need to ensure ​security of LNG supplies.
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OTSUCHI, Japan, April 25 (Reuters) - More than 1,000 firefighters in northern Japan battled to contain two wildfires ​for a fourth straight day on Saturday, as the blazes pushed closer to residential areas and forced ‌more than 3,000 residents to evacuate.
The combined area affected amounts to the third largest recorded in Japan, where forest fires have intensified in recent years.
The first fire broke out on Wednesday in a mountainous area and then a second nearby threatened residential districts in the town of Otsuchi ​in Iwate Prefecture.
Hilly terrain, dry weather and winds are hampering containment efforts, a fire department official told reporters.
By Saturday, ​the fires had scorched about 730 hectares (1,800 acres), prompting evacuation orders covering 1,541 households and ⁠3,233 people - about a third of Otsuchi's population.
The town is ​scarred by the memory of one of Japan's worst disasters, the March 2011 earthquake and tsunami when it lost nearly a tenth ​of its population.
Even during the 2011 disaster, this area didn't burn. There was a tsunami but we had no fire here," said Taeko Kajiki, 76, a former nurse, who was among those who have been evacuated since Friday.
She said she had stayed up all night watching the red ​glow of the flames and had packed her bankbook and medical cards as well as the turtle she has kept ​as a pet since 2010.
The firefighters on the ground were supported by helicopters from several prefectures and Japan’s Self Defense Forces, which carried ‌out aerial ⁠water drops to try to halt the advance of the fires.
With the land so dry, fires keep igniting. We put one out, then race to extinguish another, over and over again," said Masashi Kikuchi, a 37-year-old volunteer firefighter, who moved to a house on higher ground after losing his home to the 2011 tsunami.
Eight buildings, including one residential home, have been damaged or ​destroyed so far, though no ​injuries or fatalities have ⁠been reported, authorities said.
"I can't let people lose their homes again after losing them once to the tsunami," Otsuchi Mayor Kozo Hirano told reporters. He said the town would seek help ​from other authorities and provide services, such as hot baths, to help ease stress among ​residents
While Japan has ⁠experienced relatively few wildfires compared with other parts of the globe, climate change has increased their frequency, especially as the early spring months before the humid rainy season have been hot, dry and with winds that can whip up flames.
The Japan Meteorological Agency said no rain ⁠was forecast ​for the region over the coming week.
According to official figures, the amount ​of land on fire around Otsuchi is second only to the major forest fire in Ofunato in 2025, which consumed about 3,370 hectares, and the Kushiro ​fire in 1992, which burned 1,030 hectares.
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ATHENS, April 25 (Reuters) - The EU's mutual assistance clause is unambiguous, French President ​Emmanuel Macron said on Saturday, after the bloc's leaders ‌asked officials to prepare a blueprint for how it would work amid doubts over Washington's commitment to NATO.
President Donald Trump's criticism of NATO for failing ​to back the U.S. in the war with Iran ​and his threats earlier this year to seize Greenland ⁠from Denmark have created urgency in the European Union to ​define the mutual assistance provisions.
Unlike NATO's Article 5 collective defence pact, ​the EU's mutual assistance clause is not backed by operational plans or military structures. It has been activated only once, by France in 2015, after ​Islamist attackers killed 130 people in Paris.
On article 42, paragraph ​seven ... we know that for us, it is clear and there is ‌no ⁠room for interpretation or ambiguity, if I may say so, on this clause," Macron said at a news conference in Greece with Prime Minister Kyriakos Mitsotakis.
Both Macron and the Greek prime minister ​said efforts to ​strengthen defence ⁠at the EU level should be thought of as a complement to the North Atlantic Treaty ​Organization (NATO) rather than a replacement for the alliance.
I ​would say ⁠that NATO and the United States should be satisfied that Europe is taking strategic autonomy seriously and investing more in defence. We ⁠are ​strengthening the European pillar of NATO ​in this way," Mitsotakis said.
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Recent developments in the US–Iran situation have created confusion across social media, especially due to conflicting statements and bold claims coming from political figures. 📱
This update provides a clear, fact-based explanation of what is happening right now — separating verified information from viral narratives.

⚔️ Current Situation: Tension Continues, No Full-Scale War
As of the latest updates:
There is no confirmed full-scale war between the US and IranMilitary tension and strategic pressure still existBoth sides are avoiding direct large-scale confrontation 🤝
👉 This phase is best described as:
“high tension, controlled escalation”

🗣️ Controversial Claims by US Leadership
Recently, statements attributed to US leadership (including Donald Trump in media discussions) have gone viral:
📌 What’s Being Claimed:
Strong military success claimsStatements suggesting control or advantage over IranBold predictions about outcomes

⚠️ Reality Check:
Many of these claims are not confirmed by independent sourcesSome statements are political messaging, not verified factsIn several cases, context is missing or clips are edited
👉 Important
🚫 Not every viral statement = verified reality

📱 Social Media Effect: Why Confusion Is Increasing
Short video clips spread without context 🎥Headlines are often exaggerated for attention 🔥Different platforms show different versions of the same story
👉 Result
People believe conflicting information at the same time

🛢️ Market Reaction: Oil, Gold & Crypto
Even without full war, markets are reacting:
🛢️ Oil
Prices remain sensitive to any escalationFear of supply disruption still exists ⚠️
🪙 Gold:
Acting as a safe havenDemand increases during uncertainty
🪙 Crypto
Bitcoin showing mixed behaviorMoves based on global sentiment 📊

🧠 Key Insight: Political Statements vs Reality
👉 In global conflicts:
Leaders often make strong public statementsThese statements may be:StrategicPoliticalPsychological
📌 But:
✔️ Real situation depends on ground facts, not speeches

🔍 What Is Actually Confirmed?
✔️ Ongoing tension between US and Iran
✔️ No full-scale war yet
✔️ Active global concern and monitoring

❌ What Is NOT Fully Verified?
🚫 Extreme claims of victory or control
🚫 Viral clips without full context
🚫 Social media exaggerations

📌 Conclusion
The US–Iran situation is serious but often misrepresented online. While tensions remain high, many viral claims — especially dramatic political statements — should be viewed carefully.
👉 The smartest approach is:
Stay informed, verify sources, and avoid reacting to unconfirmed claims.

#USIranTensions #FactCheck #GlobalNews #MarketImpact

April 24 (Reuters) - Camp Mystic, the Christian summer camp for girls where 27 people died, opens new tab in a ‌2025 flash flood, cannot be licensed to reopen, Texas authorities said, citing nearly two dozen deficiencies in the riverfront camp's emergency preparedness plan.
An 11-page notice from the state Health and Human Services Department gives the camp 45 ​days to submit a new emergency plan to resolve the shortcomings the agency identified, ​including flaws in the camp's evacuation and flood-warning measures.
A department spokesperson said on ⁠Friday the emergency deficiency letter, part of the state's licensing application review process, was sent ​to camp leaders on Thursday as the camp sought to reopen this summer with enhanced safety precautions
The camp ​said in a statement that it was "carefully reviewing" the notice, the Texas Tribune reported. Representatives for the camp did not immediately respond to a request for comment from Reuters.
The letter labeled 22 components in the camp's emergency ​flood plan as "insufficient," "missing" or "incomplete," meaning they will "require attention to meet full compliance."
Among the flaws cited in ​the notice, the department said the camp failed to provide adequate evacuation route maps or enumerate what actions ‌staff members ⁠were responsible for taking in the event of an evacuation.
The plan should include clearly defined procedures for assisting individuals with access and functional needs, such as assigning specific staff to provide assistance, establishing a buddy system, ensuring accessible evacuation routes, accommodating assistive devices, addressing transportation needs, and ensuring ​emergency warnings are accessible," the ​department wrote in ⁠its letter.
The camp, the department said, also lacks a plan identifying specific staff responsible for monitoring and maintaining the facility's weather-alert radio system.
Lara Anton, a ​department spokesperson, said most of the 174 youth camps statewide had received ​similar notices ⁠as a result of tougher emergency safety regulations instituted in the aftermath of the 2025 floods.
Twenty-seven campers and staff members at Camp Mystic perished after heavy downpours in Texas Hill Country transformed the Guadalupe ⁠River ​into a killer torrent on July 4, 2025.
Widespread flash flooding ​that struck the region that morning and in the following days killed nearly 140 people in the sixth-deadliest freshwater flood ​disaster in the United States.
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Australia’s composite PMI bounced to 51, but underlying manufacturing output remains in contraction as fuel costs bite.
The US-Iran ceasefire extension hasn't calmed energy jitters, with Brent crude surging back above $100/barrel.
Despite a choppy pullback, the pair is holding above the 0.7133 support level, keeping the medium-term bullish trajectory alive.
Risk is having a hard time finding its feet today. I’ve been watching the DXY climb back toward 98.78 as the peace premium from the US-Iran ceasefire extension evaporates faster than a puddle in the Outback. While the diplomatic headlines look okay on paper, the physical reality in the Strait of Hormuz is paralyzed. Oil is back in triple digits. Brent at over $100. That’s a massive headwind for global growth. AUD/USD, our favorite proxy for global sentiment, is caught in a tug-of-war between a resilient domestic data set and a broad safe-haven bid for the greenback. We’re seeing a classic rotation into safety.
The headline numbers out of Australia this morning were a welcome surprise. The preliminary composite PMI bounced back to 51, technically returning to the expansion zone after an underwhelming March. But don’t break out the champagne just yet. I think this is a bit of a mirage. If you look under the hood, the manufacturing sector is still struggling with declining new orders and shrinking inventories. Firms are flagging massive pressure from shipping and fuel costs. The RBA is stuck. With the cash rate at 4.10% and energy prices fueling a secondary wave of inflation, they simply can’t afford to blink.
The technical structure hasn’t broken. Not yet. Looking at the 0.001-brick Renko, we’re seeing some chop after the pair hit a recent peak of 0.7221. Price is currently compressing just above the green trend support band. I noticed the Supertrend level at 0.71337 is acting as a rigid line of defense for the bulls. Momentum is soft, the RSI is sitting below 50. But it’s reset, not washed out. As long as we hold above that 0.7133 floor and stay well clear of the 500-SMA, the path of least resistance remains higher. This is a bull trend catching its breath.
Medium-Term Path: I expect AUD/USD to continue digesting its recent gains within a 0.7060 to 0.7210 range. The market has finally stopped trading on ceasefire hopes and is starting to price in a permanent energy shock. We’re watching for a clean break above 0.71875 to target a re-test of the 0.7221 highs. If 0.7133 fails on a daily close, expect a deeper flush toward the 500 SMA. Keep your eyes on the US jobless claims later today. The dollar’s dominance is the only thing standing in the way of an Aussie sprint.
#KEEP_SUPPORT
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Admiral Samuel Paparo, head of US Indo-Pacific Command, told two congressional panels this week that the military is running a live Bitcoin node for cybersecurity testing and views the protocol as a tool of national power in competition with China.
The House comments were the first public confirmation by a sitting US combatant commander that the military is directly participating in the Bitcoin peer-to-peer network.
We have a node on the Bitcoin network right now," Paparo said, responding to questions from Rep. Lance Gooden. "We're not mining Bitcoin. We're using it to monitor, and we're doing a number of operational tests to secure and protect networks using the Bitcoin protocol.
A Bitcoin node is a computer that stores the full history of the blockchain and enforces the network's rules, relaying validated transactions across the peer-to-peer network. Unlike mining, it does not earn rewards and does not require specialized hardware
Running a node is how participants in Bitcoin verify the network state independently rather than trusting third parties. There are an estimated 15,000 to 20,000 publicly reachable full nodes on the network as of early 2026, with the real number likely higher because many operate behind firewalls
One node out of tens of thousands poses no threat to Bitcoin's independence or its resistance to any single party controlling it.
But a US military combatant command running that node is notable because Bitcoin's design has long been framed as a defense against takeover attempts by powerful governments, and INDOPACOM is the command responsible for US military operations across the Indo-Pacific, including the theater of strategic competition with China.
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A historical village hall which is currently being refurbished has been badly damaged in a break-in.
Burglars broke water pipes and flooded part of the century-old East Boldre Village Hall in the New Forest, its management team said.
The vandalism, including damage to wires and cables, will have a "serious impact" on the renovation project, the team added.
Hampshire police said items including tools were stolen some time between 17:00 BST on 15 April and 08:30 on 16 April.
Trustees raised more than £450,000 for the refurbishment, which began at the start of February.
In a Facebook post, they said: "The wanton vandalism damaged the recently installed fire alarm cables and electrical wiring and water pipes were damaged resulting in a flood.
This is a serious setback for the works programme in terms of time and cost."
The village hall, built in 1918 as an RAF concert hall, is the last remaining building from the World War One Beaulieu Airfields, according to the charity that runs it.
#VOTEme
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Lufthansa cuts 20,000 summer flights as fuel prices surge
Several airlines, including KLM-France and Delta, have also temporarily cut some flights while others have raised ticket prices as they pass on expenses to customer.
Jet fuel has doubled in price since the start of the US-Israel war with Iran as the conflict has slowed its production and transportation across the Middle East.
Analysts have warned that travellers should expect further ticket price rises and more cancelled flights as the conflict continues.
The Gulf is a major source of aviation fuel, accounting for about 50% of Europe's imports. The bulk of it comes through the Strait of Hormuz, which Iran has effectively closed in response to US and Israeli attacks.
The increase in jet fuel prices reflects the role Middle Eastern refineries play in supplies. The Al-Zour refinery in Kuwait alone provides roughly 10% of Europe's jet fuel imports, according to Energy Intelligence.
The International Energy Agency warned last week that Europe could run out of jet fuel in weeks, though the UK government and airlines say they are not seeing a disruption in supply.
Lufthansa said on Tuesday it was cutting down its European network, but that passengers will "continue to have access to the global route network, particularly long-haul connections".
However, due to the increase in jet fuel prices, this will be achieved significantly more efficiently than before."
The announcement on Tuesday comes after the firm said last week it was speeding up the permanent closure of its European flight offering CityLine.
It said this would save "approximately 40,000 metric tons of jet fuel
It also said at the time it was retiring the programme's 27 aircraft, partly due to "significantly increased kerosene prices", but also because of "additional burdens from labor disputes
Lufthansa said "the first 120" of these flight cuts were implemented on Tuesday. Routes affected include those from Frankfurt to Poland and Norway.
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