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Trump says: we're taking over the Strait of Hormuz.

Brent crude oil prices extend gains to rise above $79/barrel.



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Hyundai completed a cross-border treasury pilot using Tether's USDT on Avalanche, reducing settlement times from hours to an average of 7 minutes.


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Crypto prediction platform Polymarket officially launches combo trading.


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🇺🇸 US home prices hit an all-time high.


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🇺🇸🇮🇷 Oil prices surge to four-week high as US-Iran fighting resumes.


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Korea Exchange (KRX) halted program selling for 5 minutes as KOSPI crashed -5%.


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China's crude oil imports declined for another month in June, according to customs data.

The import level is now over 40% below that of June 2024.
Suppressed demand in China has been instrumental in keeping a lid on the oil rally.

Chinese refineries have been operating at a reduced run rate due to a ban on refined fuel exports, resulting in lower crude imports.

However, that trend is expected to reverse in July, with the refined fuel export ban finally lifted.


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Airbnb CEO says RWA tokenization could make ownership global, fractional and instant, but trust will determine the winners.

“The internet made information liquid. This makes ownership liquid.”

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Brent crude prices surpassed $86 per barrel for the first time since June 12th.


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President Trump has proposed a 20% fee on cargo shipped through the Strait of Hormuz and has formally notified Congress of a renewed U.S. naval blockade on Iran, according to Semafor.


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Iran authorities say US struck port city of Bushehr.


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🇺🇸 President Trump is serious about imposing a 20% toll on cargo transiting the Strait of Hormuz, a White House official told Semafor.
He has pushed this idea for months.

"This is what he’s always wanted to do, but people tried to talk him out of it," the official said.

"This was his instinctual decision always, and he’s sort of just come back around to it."

Enforcement details and Gulf state consultations remain unclear.


@PoliticFinance 🥻

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IBM stock, $IBM, has collapsed nearly 20% after posting weaker-than-expected earnings due to "weakness in the software and infrastructure business."

The stock just erased $55 billion in market cap.


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US has issued a $81,000,000,000 refund after Supreme Court ruled President Trump's tariffs illegal.


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