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Crypto market hits $2.63T as Trump launches Strait of Hormuz security plan, Bitcoin tops $80K

Market News
04 May 2026
Blockonomi
View Source
Bullish
pluang ai news

The total cryptocurrency market cap rose to $2.63 trillion following President Trump's announcement of "Project Freedom," a U.S. military initiative to secure commercial shipping through the Strait of Hormuz starting May 4. Bitcoin surged past $80,000 with a 2.29% gain, while Zcash jumped 10% after breaking multi-month resistance. The announcement eased geopolitical tensions, leading to lower oil prices and gains in U.S. stock futures. Ethereum saw a sharp rise in validator exits due to recent DeFi security breaches, but the network remains stable with a larger entry queue. This de-escalation and security move have boosted investor confidence across crypto and equity markets.

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BlackRock's stake in Orion falls below 5%, triggering regulatory disclosure.

BlackRock's stake in Orion falls below 5%, triggering regulatory disclosure.

BlackRock, Inc. has reported that its direct and indirect ownership in Orion Oyj has dropped below the 5% threshold as of June 15, 2026. This change requires a formal disclosure under Finnish securities law. The reduction in BlackRock's stake may aff...

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BlackRock's stake in Orion Corporation falls below 5%, signaling reduced influence.

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US stock futures mixed as S&P 500 dips amid US-Iran deal talks and key earnings reports.

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MindWalk bets on biological data integrity, not AI models, to advance drug discovery amid industry challenges.

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SpaceX's market cap nears $3 trillion after shares surge, sparking debate on valuation realism.

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Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...

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