Middle East Tensions Escalate, ETH Whale Moves $120M, Hormuz in Focus

Market News
1. The US military is continuing its naval blockade against Iran, having rerouted 58 merchant ships and immobilized 4 since April 13th to prevent access to Iranian ports.
2. The UK is redeploying its warship, HMS Defender, to the Middle East to participate in escort operations in the strategic Strait of Hormuz, increasing military presence in the area.
3. A long-dormant Ethereum 'whale' address has moved 52,170 ETH worth ~$120 million to a new wallet, signaling potential crypto market volatility.