Iran's IRGC has reportedly set up a crypto toll system at the Strait of Hormuz, collecting $1 per barrel to $2 million per supertanker in yuan or USDT via Tron. The IRGC moved $3 billion through crypto in 2025 according to Chainalysis, and the Ministry of Defense has begun accepting crypto for arms exports. Is this a gift to US intelligence (freeze and seize) or proof that stablecoins are enabling adversaries? 

Austin Campbell (NYU Stern, Zero Knowledge Consulting), Ram Ahluwalia (Lumida), and Chris Perkins (CoinFund) also debate the Iran campaign execution, the F-15 pilot rescue, Polymarket's controversial war bets, and whether Trump's rhetoric matches the military strategy.

This clip is from a longer conversation on DeFi security, Iran's crypto war machine, and the token fundamentals crisis. Full episode here: https://youtube.com/live/SKcuC5kqQ7k We go live every Monday at 4:30 PM ET — subscribe to catch it live.

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Bitcoin’s application layer, Citrea, launched its mainnet, expanding Bitcoin’s utility to privacy, lending, BTC yields, and more.

Citrea enables:

• cBTC: The first trust-minimized Bitcoin on a fully programmable platform.

• ctUSD: A native stablecoin for Bitcoin, allowing for unified liquidity.

• Bitcoin Capital Markets bringing demand, and utility to the Bitcoin Network.

Explore the Citrea Ecosystem.