[News Brief] Apr 22, morning | Iran's Islamic Revolutionary Guard Corps warns of tougher measures against vessels transiting the Strait of Hormuz

Iran's Islamic Revolutionary Guard Corps said it could take tougher measures against vessels passing through the Strait of Hormuz.

According to Odaily, the IRGC warned that any violation of the ceasefire agreement would amount to a violation of the Islamabad agreement, and that all ongoing procedures could be suspended. The Strait of Hormuz is a critical shipping lane for Middle Eastern crude oil, and any escalation in tensions could affect the global energy market and risk-asset sentiment.

According to Odaily, Strategy's enterprise value has fallen below the value of its Bitcoin holdings, pushing its multiple of net asset value (mNAV) below 1 for the first time.

Data showed that Strategy's stock traded at about $82, with an enterprise value of about $50.4 billion. By contrast, the value of its Bitcoin holdings was estimated at about $51.1 billion, based on a Bitcoin price of around $60,000.

The market had long assigned a premium to Strategy's Bitcoin holdings, allowing the company to raise capital and acquire more Bitcoin. However, if mNAV falls below 1, there are concerns that raising funds through new share issuance could dilute existing shareholders.

Some analysts said this shift could make Strategy's valuation structure resemble that of a closed-end fund trading at a discount, similar to the Grayscale Bitcoin Trust in the past.

Still, some believe Strategy retains flexibility to respond to market volatility through multiple capital sources, including debt financing, equity issuance, and cash flow from its software business.

According to a Fidelity Digital Assets report, 49 public companies held more than 1,000 BTC as of the end of 2025, more than double the 22 recorded at the end of 2024.

The report, cited by Crypto Briefing, said those public companies control nearly 5% of Bitcoin's total supply.

The report added that as of early June 2026, about 170 to 199 public companies held Bitcoin on their balance sheets, collectively owning roughly 1.265 million BTC, or about 6% of total supply.

The growing Bitcoin holdings among public companies are seen as a sign that corporate adoption of Bitcoin as a treasury asset is continuing.

According to Wu Blockchain, Coinbase and OKX are moving to attract European users after Binance suspended some services in the EU.

Binance halted certain services in the EU after failing to obtain a MiCA license before the July 1 deadline. Binance said it expects to obtain the MiCA license within the next few months.

Coinbase is offering transfer rewards of up to 5% for users in Germany, France, Italy, and other countries. OKX is offering eligible users in the European Economic Area deposit bonuses of up to 8% and benefits for new users.

Erald Ghoos, head of OKX Europe, said the company also set a record for new sign-ups ahead of the MiCA transition deadline.

Source: PANews. Ark Invest, led by Cathie Wood, disclosed in its daily trading update for June 26 that it bought a total of $25.54 million worth of Coinbase, SpaceX, Circle, Bullish, and Robinhood shares.

According to the filing, Ark Invest purchased 68,366 shares of Coinbase worth $10.19 million. It also bought $7.01 million of SpaceX shares and $5.79 million of Circle shares.

Ark Invest has long actively invested in crypto-related companies such as Coinbase and Robinhood. The latest purchases are seen as reflecting its long-term growth outlook for the sector.

SharpLink Gaming is understood to have purchased 39,196 ETH over the past three days.

Odaily, citing Onchain Lens, reported that SharpLink Gaming bought an additional 29,196 ETH. The purchase was worth about $46.7 million.

Over the past three days, the address acquired a total of 39,196 ETH, with total purchases estimated at about $62.43 million.

According to Arkham monitoring data, Morgan Stanley purchased an additional 143.312 BTC through the spot Bitcoin ETF MSBT.

As a result, Morgan Stanley's total Bitcoin holdings rose to 4,784 BTC, valued at about $293 million.

The expansion of institutional holdings through spot Bitcoin ETFs is seen as an indicator of institutional demand via ETF channels.

Tether is linking its tokenized gold product XAUT to crypto lending platform Ledn and plans to launch gold-backed lending services later this year.

According to Odaily, Tether and Ledn plan to offer a service later this year that will allow XAUT holders to borrow against gold without selling the underlying asset. Ledn said it will add support for XAUT alongside its existing support for Bitcoin and Tether's USDT stablecoin.

Tether CEO Paolo Ardoino said that as digital assets become more important in the global economy, demand is growing for solutions that combine long-term holding with financial flexibility.

According to Odaily, Base said in an official report that block production on mainnet halted for 116 minutes on June 25 and for 20 minutes on June 26.

Base explained that the incident was caused by an error in the sequencer's block-building logic. After a failed transaction execution, the prior journal state was not properly cleared, which caused gas calculation errors in subsequent valid transactions. That led to the creation of invalid state-transition blocks and halted block production on the Layer 2 chain.

Base said the issue has been resolved through a patch, and that on-chain assets and user funds were not affected. The team plans to strengthen protocol fuzz testing, stress testing, and monitoring and operational procedures, and to introduce recovery mechanisms for similar incidents.

M, a token in the MemeCore ecosystem, plunged and erased about $3 billion in market capitalization in a single day, CoinDesk reported.

According to the report, MemeCore has not yet released an official statement on the token's plunge, drawing criticism from the community.

On-chain analyst ZachXBT had previously suggested that M token's high valuation may have been inflated by internal funding. He pointed out that spot trading of M was concentrated on a few exchanges, while market attention may have been influenced by launchpad volume and incentive-driven promotion.

Market participants say that for tokens with large insider holdings and limited trading venues, a lack of real buying demand can quickly lead to sharp declines amid selling pressure because of poor liquidity.