Pentagon reveals US Navy nuclear submarine in Gibraltar as Trump rejects Iran proposal

The disclosure of a US Navy nuclear submarine in Gibraltar is escalating tensions between the US and Iran, impacting risk assets like Bitcoin and Ethereum. President Trump's rejection of Iran's peace proposal raises concerns about potential disruptions to the Strait of Hormuz and rising oil prices. Furthermore, the US Treasury's continued crackdown on Iran-linked crypto laundering networks could lead to broader compliance requirements for exchanges and DeFi protocols.