The BitPush editor’s daily curated Web3 news:
[Speaker of the Iranian Parliament: We will never abandon control of the Strait of Hormuz; Trump’s claim of destroying Iranian civilization has failed]
Push news: On the 17th, Ali Larijani, Speaker of the Iranian Islamic Parliament, posted on social media that the control of the Strait of Hormuz belongs to Iran, a fact already accepted by the United States. Iran will never relinquish its jurisdiction over the Strait of Hormuz. Larijani said that U.S. President Trump's "extreme desire" to reach an agreement with Iran clearly demonstrates the failure of his plan to destroy Iranian civilization. Larijani added that, so far, the U.S. has taken no military action in its maritime blockade of Iran, and Iran will never tolerate any such move. (Xinhua News Agency)
[U.S. Stock Market Close: All three major indices rose over 1%, with the Nasdaq extending its winning streak to 13 sessions and hitting a new high]
According to BiTui, at the close of U.S. markets on Friday, the Dow Jones Industrial Average rose preliminary by 1.79%, the S&P 500 increased by 1.2%, and the Nasdaq Composite gained 1.52%. The Nasdaq posted its 13th consecutive trading day of gains, reaching a new high and setting the longest winning streak since January 1992. Apple (AAPL.O) closed up 2.5%, Tesla (TSLA.O) rose 3%, and Meta Platforms (META.O) advanced 1.7%. Netflix (NFLX.O) fell nearly 10%. The Nasdaq China Golden Dragon Index closed up 0.5%, and Alibaba (BABA.N) rose 1.7%.
[The NYSE has submitted a rule amendment proposal to allow the listing and trading of tokenized securities]
Beats News reports that the New York Stock Exchange (NYSE) has submitted a rule amendment proposal to the U.S. Securities and Exchange Commission (SEC), seeking to introduce new Rule 7.50 and amend related provisions to permit eligible securities to be traded on the exchange in tokenized form.
This proposal advances under the Depository Trust Company’s (DTC) three-year tokenization pilot program, modeled after previously SEC-approved Nasdaq rules. Under the proposal, tokenized securities must share the same CUSIP number, ticker symbol, and shareholder rights as their traditional counterparts to be eligible for equal priority trading on the same order book. Initially, the scope is limited to Russell 1000 Index components and ETFs tracking major indices, with settlement remaining at T+1, and existing regulatory rules applying equally to tokenized securities.
Strategy plans to change the STRC preferred stock dividend distribution to biweekly.
Beijing News reports that Strategy proposes to adjust its dividend mechanism for STRC preferred shares, planning to change the current monthly dividend distribution to biweekly (twice a month), subject to shareholder approval.
STRC is a perpetual preferred stock designed to trade near its $100 par value, with price adjustment through a floating dividend mechanism, currently offering an annualized dividend yield of approximately 11.5%. The company states that increasing dividend frequency helps reduce reinvestment lag, enhances market liquidity, and improves price stability.
STRC is one of a series of preferred equity financing instruments, alongside products such as STRF, STRE, STRK, and STRD, which together form its capital structure and have helped the company raise substantial funds for continuous Bitcoin accumulation.
The X platform's cashtag feature has driven approximately $1 billion in trading volume, targeting a super-app strategy.
BitPush news: X product lead Nikita Bier said that the platform’s newly launched Cashtags feature has generated approximately $1 billion in trading volume globally within days of launch (estimated based on pilot data).
The cashtag feature allows users to view stock and cryptocurrency data directly in their timeline by quickly navigating to relevant asset pages using $-tagged labels, marking a key step in deeply integrating social content with financial information.
This feature is now available to iPhone users in the United States and Canada, covering both cryptocurrency and stock assets. Bier emphasized that X does not execute trades directly or act as a broker, but instead focuses on building financial data entry points and traffic distribution.
This move aligns with Elon Musk’s strategy to transform X into a super app. Previously, the company planned to launch X Money, a digital wallet for peer-to-peer payments and fund transfers; whether it will support cryptocurrency asset trading in the future remains to be seen.
[Bloomberg Analyst: IBIT has nearly risen continuously over the past three weeks, accumulating an approximate 19% increase since the U.S.-Iran conflict.]
Blockworks reports that Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that BlackRock’s spot Bitcoin ETF, IBIT, has risen nearly every day over the past three weeks, climbing approximately 3.5% today and accumulating a total gain of about 19% since the market sell-off triggered by the U.S.-Iran conflict. As concerns over geopolitical shocks have eased—previously seen as a “morning sell-off trigger”—investor sentiment has clearly recovered, driving continued strength in Bitcoin-related ETFs.
This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
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