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BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolATWO: Fans Vote to Change Live OutcomesU.S. President Donald Trump said on Sunday that Washington is in no rush to finalize a peace ag

U.S. President Donald Trump said on Sunday that Washington is in no rush to finalize a peace agreement with Iran, stressing that the current naval blockade against the country will remain active until a formal deal is completed. Trump also repeated his long-standing position that Iran must never obtain a nuclear weapon.In a statement shared on social media, Trump said negotiations with Tehran were moving forward in a "constructive and orderly manner," but added that he had instructed American negotiators not to rush the process because "time is on our side." He confirmed that the blockade would stay fully enforced until both sides reach a final agreement. The comments came shortly after Trump revealed that a preliminary memorandum of understanding between the United States and Iran had been "largely negotiated" following discussions with several Middle Eastern leaders. The two nations have maintained a fragile ceasefire for more than a month while diplomats continue talks focused on the Strait of Hormuz and Iran's nuclear activities. Reports from Reuters and Axios provided additional insight into the proposed agreement. According to Axios, the deal could extend the current ceasefire by 60 days, reopen the Strait of Hormuz for commercial shipping, and allow Iran to resume unrestricted oil exports. In exchange, the U.S. would ease sanctions and lift its blockade on Iranian ports. The agreement reportedly includes Comment 2 1

U.S. President Donald Trump said on Sunday that Wa

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BILL: Human-AI Collaboration NetworkZEST: Bitcoin Lending ProtocolGrab Your Share of the 300 USDT Prize Pool!US Central Command confirms defensive strikes in southern Iran, crypto markets shed $300M i

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US Central Command confirms defensive strikes in southern Iran, crypto markets shed $300M in liquidationsUS Central Command confirmed that American military forces carried out defensive strikes against Iranian missile and drone launch sites in southern Iran on May 7-8. The operation targeted military infrastructure after Iranian forces launched unprovoked missile and drone attacks against three US Navy guided-missile destroyers transiting the Strait of Hormuz.

The crypto market’s response was swift and predictable. Roughly $300 million in futures liquidations hit the books as Bitcoin experienced intraday price dips, with traders scrambling for the exits in a textbook risk-off reaction.

What happened in the Strait of Hormuz
The strikes came after Iranian forces targeted three US Navy destroyers: the USS Truxtun (DDG 103), USS Rafael Peralta (DDG 115), and USS Mason (DDG 87). All three ships were transiting the Strait of Hormuz, a narrow waterway through which a significant share of the world’s oil supply flows daily.

CENTCOM stated that US forces struck missile launch sites, drone launch sites, and command-and-control locations in southern Iran. The military framed the operation explicitly as self-defense, not escalation.

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No US assets were damaged during either the Iranian attacks or the subsequent American strikes. The Iranian military, for its part, disputed the American account and accused US forces of violating a ceasefire agreement.

This latest exchange didn’t happen in a vacuum. It follows a broader conflict that kicked off when US and Israeli forces initiated operations against Iranian military targets on February 28, 2026.

How crypto markets reacted
Following the strikes, Bitcoin dropped intraday and triggered approximately $300 million in crypto futures liquidations. That number captures both long and short positions getting 

US Central Command confirms defensive strikes in s

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Grab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥HTX Pizza Day Celebration: $200,000 Up for Grabs Chris Larsen’s $XRP wallets have resumed on-chain activity ahe

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Chris Larsen’s $XRP wallets have resumed on-chain activity ahead of Tuesday’s Texas primary runoff.

Ripple co-founder Chris Larsen’s associated wallets have resumed on-chain activity, according to blockchain data, ahead of Tuesday’s Texas Democratic primary runoff. The reactivation draws immediate attention given Larsen’s history of significant $XRP transfers at notable market and political junctures.

Larsen serves as executive chairman of Ripple Labs. His estimated 2.58 billion $XRP holdings across eight wallets tracked on XRPScan represent one of the largest known individual positions in any single cryptocurrency, worth approximately $3.5 billion at current prices near $1.35.

In January 2025, wallets that had been idle for six to seven years reactivated and sent more than $109 million in $XRP to exchanges including Coinbase, Bitstamp, and Bybit. In July 2025, on-chain researcher ZachXBT reported an additional $140 million in $XRP transfers from Larsen-linked addresses coinciding with $XRP trading near an all-time high above $3.40.

“Since July 17, 2025, an address linked to Ripple co-founder Chris Larsen transferred out 50M $XRP ($175M) to four addresses. ~$140M ended up at exchanges/services,” ZachXBT wrote on X in July 2025. Larsen had not commented publicly on today’s activity at time of writing.

Whether the current movement precedes exchange transfers or represents internal wallet management is not confirmed from on-chain data available at time of publication. Crypto.news has covered Ripple CEO Brad Garlinghouse’s legislative activity in 2026 as the Clarity Act moves through Congress.

Crypto.news has also reported on why the Clarity Act’s progress is particularly consequential for $XRP, context that gives any Larsen wallet movement added political timing significance ahead of Tuesday’s runoff.



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