Generational Entry, Iran USDT Toll, Blackstone Gates, Apple iMessage Agents

• Bear market cycle lows tell the real story: $152, $3,200, $15,500, $60,000. Each floor higher than the last top. • Iran collecting Hormuz tolls in Tether. A stablecoin the US can freeze with a button. Bitcoin doesn't have this problem. • UK police used a victim's own crime report to unmask her anonymous Twitter account • Blackstone gates BCRED for the first time ever. $79B fund, only honoring 5% of redemptions. • Private credit issuance collapsed 40%. Tokenized credit tripled to $14B. • OPEC+ output hike "means very little while Hormuz remains closed." War at 100 days. • Apple approved first AI agent on iMessage. OpenAI ships Codex Sites. DeepSeek closes the gap. • LA mayor race: 43,000-vote mail-in swing after Raman had conceded Get the full written brief with all links, sources, and charts — subscribe free at tftc.io/bitcoin-brief