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Coin World News: The situation in the Middle East has escalated again. The Strait of Hormuz, a key global energy route, has been closed once more. Crude oil has led the commodity market; overnight, Brent crude oil futures surged sharply by more than 9%. On Tuesday, China’s domestic crude oil main contract broke through the 500 yuan per barrel integer level, and the geopolitical risk premium pushed crude oil prices up in the short term.
The U.S. announced that it will blockade Iranian ports starting at 4:00 a.m. on the 15th. All cargo transport will be charged a 20% fee. The blockade applies to all vessels and covers the entire coastline of Iran. Shipping data shows that over the past day, the number of tankers transiting the Strait of Hormuz has fallen to the lowest level in two months. Iran’s crude oil sales have been progressing slowly, and independent refiners have shifted to purchasing crude oil from Iraq, the UAE, and Qatar at lower prices. As geopolitical tensions heat up, crude oil is being priced again. The market expects the intensity of the geopolitical conflict to increase, and oil prices overall are showing a generally strong near-term pattern.

Crypto World Network news: A spokesperson for the Saudi-led coalition said that air defense systems have intercepted the ballistic missile threat launched by the Houthi forces toward the southern regions of Saudi Arabia.

CoinWorld News reported that the U.S. Central Command posted on a social platform saying that an Iranian Islamic Revolutionary Guards Navy commander recently said in official media that, without identification, tracking, and surveillance by the Iranian forces, no foreign vessels may pass through the Strait of Hormuz—a claim said to be untrue. The U.S. emphasized that the Strait of Hormuz remains an international waterway and is open to all vessels that pass in accordance with the law. The U.S. said it has completed its deployment and is ready at any time to uphold freedom of navigation and ensure shipping through the strait proceeds normally.

Crypto news: U.S. Senate Majority Leader John Thune plans to kick off the Senate-wide consideration process for the CLARITY Act during the week of July 20. Major County Sheriffs of America has shifted its position on the developer exemption clause to a neutral stance, and the White House, the Treasury Department, and Senator Catherine Cortez Masto are jointly drafting revised provisions. Negotiations over the bill face disagreements over issues including the code of conduct clause, Democratic seats at the SEC and CFTC, and regulatory loopholes for stablecoin yield. Analysts warn that before the August recess, it is the final window for passing the bill within this Congress.

The Belgian Financial Services and Markets Authority (FSMA) has announced that six crypto-asset service providers are operating in Belgium without authorization under the EU's MiCA framework, and have therefore been added to the list of fraudulent CASPs: Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade, Zeriafunding. The FSMA stated that this warning was issued after the MiCA authorization deadline and urged consumers not to accept their offers and to verify whether a provider is officially registered before using its services.

CoinWorld news, citing a report from Russia’s Sputnik news agency, Russian Deputy Foreign Minister Galuzin said that Europe is currently unlikely to offer constructive ideas for mediating the Ukraine issue. He said: “Recently, European leaders have repeatedly mentioned the need to ‘talk’ with Russia. The purpose is first to address the Ukraine crisis, but at the same time they have been constantly urging a ‘strategic strike’ against our country. This twisted logic undoubtedly shows that Europe is currently unlikely to come up with any constructive ideas.”

CryptoWorld News reports that on the 22nd local time, according to a statement released by the Turkish Ministry of Foreign Affairs, a cargo ship owned by Turkey and flying the Panamanian flag was attacked by a drone in waters near Chernomorsk port, Ukraine, in the morning. The attack injured two Turkish crew members onboard.

According to Israeli media reports, the Prime Minister and Defense Minister have ordered a ceasefire in Lebanon, but the Israeli military has not withdrawn from the southern Lebanon control area and remains stationed there. Netanyahu emphasized that as long as it is necessary, they will stay in southern Lebanon and respond forcefully to Hezbollah attacks, clearing their military facilities. Over the past two days, the Israeli military has struck more than 300 targets, with approximately 100 militants killed; the policy remains unchanged.

Wu Shuo learned that, according to Artemis data, on June 10th, the number of x402 transactions surged to 672.8k, and Agentic Payments began to show signs of revival again. After reaching a peak in January, x402 market activity significantly cooled down, but has been rebounding since April.

Coin World News reports that AI Data Network KGeN has announced the conversion of its $85.8 million in annual revenue into a token economy, and the burning of 22 million tokens. This initiative is part of the KGeN 2.0 framework, aimed at directly linking its revenue to a reduction in token supply. This token burn event will permanently reduce the circulating supply by 10%, marking the largest supply retirement event in the protocol’s history. KGeN currently has 61.9 million users across 60 countries worldwide, and is expected to increase its annual revenue to $150 million by December 2027.

Wu said that Tether announced it has appointed an additional independent director to the board of Bitcoin treasury company Twenty One Capital (XXI) to fill the vacancy on the audit committee following recent board changes. The XXI board has determined that this candidate will meet the independence standards of U.S. Securities and Exchange Commission Rule 10A-3 and NYSE Listed Company Manual Section 303A.02. Tether stated that the vacancy arose after Tether acquired SoftBank Group's stake in XXI on May 20, leading to the termination of the relevant governance agreement and the SoftBank Group representative's departure from the XXI board. It is reported that XXI currently holds over 43,500 BTC.

Crypto World News: The ETH long positions associated with the Matrixport address have now expanded to a floating loss of $23.67 million, with a loss ratio of 530.37%.
The position size of this address is $66.95M, with the current price at $1,673.69 and the liquidation price at $1,309.57.
This address has received multiple fund transfers from Matrixport (now renamed Bit), and is currently the largest on-chain ETH long position, with two other related addresses collaborating to build the position.