Good men can make terrible kings … but bad men cannot make good kings.~Brandon Sanderson, The Well of Ascension The Middle East makes fools of everybody. US president George W. Bush’s decision to invade Iraq in 2003 seemed like a good idea to a lot of us at the time; a supermajority in Congress—including many Democrats—voted to authorise it. Demolishing Saddam Hussein’s totalitarian regime went smoothly as far as wars go, but Iraq didn’t actually possess the weapons of mass destruction we’d been told to fear, and a rogue’s gallery of Ba’ath Party insurgents, radical Sunni Islamists, and Iranian-backed militias unleashed…

Bitcoin (BTC) rallied above $78,000 to hit another 10-week high on Friday as crypto and equity markets reacted to cooling tensions in the US and Israel war in Iran. The rally above range highs also resulted in a large liquidation of leveraged Bitcoin positions.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewMore than $660 million in short positions were liquidated, with Bitcoin accounting for $353 million of that total. Ether (ETH) followed with $160 million in short liquidations.Related: Three things Bitcoin must do to hold highs above $76K: AnalystsAcross the board, $826 million was wiped from the futures market over the last 24 hours.Crypto…

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