6 Part Crypto Guide

ETH Shorts Get Wrecked as Strait of Hormuz Reopens

Ethereum derivatives erupted after Iran reopened the Strait of Hormuz. Binance logged $1.72B in ETH buy volume in one hour as $24M in shorts were wiped out. Iran’s announcement that the Strait of Hormuz was reopening to commercial vessels hit crypto markets fast. Ethereum felt it almost instantly. Within one...