China orders Apple to pull Dorsey's Bitchat, the messaging app used during Iran protests

Burns Brief

The peer-to-peer app runs entirely over Bluetooth and mesh networks without an internet connection, making it popular with protesters and incompatible with Beijing's censorship regime Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.