Israel-Hamas ceasefire is ‘untenable’, says Defence Secretary Grant Shapps
Asking Israel to reach a ceasefire with Hamas is “untenable”, the UK’s defence secretary has said, as the number of MPs calling for a cessation of hostilities grows.
Grant Shapps said Israel has “a right” to “go after” Hamas after its gunmen killed more than 1,400 Israelis on 7 October and abducted over 220 other people who are now being held hostage in Gaza.
Mr Shapps, who recently replaced Ben Wallace as defence secretary, took the same position as Rishi Sunak who said during Prime Minister’s Questions on Wednesday that the “first and most important principle is that Israel has the right to defend itself under law”.
However, Mr Sunak agreed that humanitarian aid had to get to civilians in Gaza and confirmed an RAF plane was on its way to the region with 21 tonnes of supplies, including medical equipment and water filters.
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An Israeli tank and military vehicles are seen near Israel’s border with the Gaza Strip, in southern Israel
The Hamas-run health ministry has said at least 6,546 Palestinians have been killed in Israeli retaliatory strikes on Gaza.
Mr Shapps told the Politics Hub with Sophy Ridge that he agreed it was “very important that we can deliver that aid”.
“The difference is we understand that Israel was attacked in a very brutal way by Hamas terrorists, butchering men, women and children ISIS-style,” he said.
“I think to then ask Israel not to respond – or what you would describe as a ceasefire – I think is untenable.
“They have a right to go after those terrorists but it is the international humanitarian situation that a pause could assist with.”
Mr Shapps went on to argue that if there had been a terrorist attack in the UK on the same scale that Israel had endured, “no one would expect us not to go after the perpetrators”.
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Reality of Palestinians in Gaza City
“To call for a ceasefire is to essentially say to Israel, having gone through that absolutely horrific terrorist attack just over two weeks ago, don’t go after Hamas – and I don’t think anyone thinks that would be right,” he said.
“And so we can understand and appreciate under international law that Israel has the absolute right to do that.
“We also believe that it needs to be done in a proportionate way with international human rights law in place and that is very clear.”
In the past few days, a number of MPs from across the political divide have called for a ceasefire, arguing that there was a “human responsibility” to protect civilians in the Gaza Strip who have had their water and power limited by Israel following the 7 October attack.
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Speaking at this week’s PMQs, the deputy leader of the SNP, Mhairi Black, pointed to warnings from the United Nations that some hospitals in Gaza City had less than 20 hours of fuel left and their electricity “runs out tonight”.
She was joined by the leader of Northern Ireland’s Social Democratic and Labour Party, Colum Eastwood, who asked: “As 1,400 Israelis and almost 6,000 Palestinians lay dying and dead, when will the prime minister say enough is enough? When will he call for a ceasefire?”
Labour shadow minister for equalities Yasmin Qureshi also echoed the calls for a truce and read out an email from one of her constituents with relatives in Gaza, which read: “My heart can’t handle this. We are being massacred, relentlessly bombed, homes are being destroyed [and there is] no water, no food, no electricity.”
In response to the calls from MPs, Mr Sunak urged people to remember that Israel had suffered “a shockingly brutal terrorist attack”.
“Hamas is responsible for this conflict and Israel has the right to protect itself in line with international law as the UN charter makes clear.”
The Labour Party has also resisted calls for a ceasefire but has signalled its support for a humanitarian pause in order to protect civilians.
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Hamas militants are ‘doomed’
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The stance is the same as that adopted by US Secretary of State Antony Blinken, who told the UN Security Council on Tuesday that a humanitarian pause meant Israel “must take all possible precautions to avoid harm to civilians.
“It means food, water, medicine, and other essential humanitarian assistance must be able to flow into Gaza and to the people who need them.”
In a live televised address on Wednesday evening, Israel’s prime minister Benjamin Netanyahu said the country was “getting prepared” for a ground invasion, and troops have already “eliminated thousands of terrorists”.
Asked whether he believed a ground invasion would fall under Israel’s right to defend itself, Mr Shapps told Ridge: “As long as the people that they are going after are the Hamas terrorists, yes.
“The problem we have with Hamas is not just that they butchered and killed and raped those Israelis. It’s that they also use their own Palestinian population – who are no friends of Hamas – as human shields, and they hide themselves amongst them.
“And so we understand and appreciate that it’s a very difficult position for Israel to be in.”
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Source: Web.archive.org
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
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Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Is Satoshi Nakamoto wealthier than Bill Gates?
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
Satoshi’s new addresses. Source: Conor Grogan
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
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The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Source: Anthony Scaramucci
On April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
Trump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.
Related: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks
Meanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.
Crypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market “is tanking,” Bitcoin is holding.
Source: Jeff Dorman
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.
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