Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

Crypto Insight Summary: The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards and handled payments collected from ships buying passage through the world’s most important oil chokepoint. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Sanctions on Iranian exchange may reduce BTC liquidity and increase regulatory scrutiny.