Donald Trump warned Iran that it would be hit hard if the Strait of Hormuz does not open soon, as oil prices fell to a three-week low following reports of progress in diplomatic talks involving the US, Iran, Oman, and Qatar.
U.S. Treasury Secretary Scott Bessent says the U.S. and Iran could reach a deal this week to reopen the Strait of Hormuz for commercial shipping, potentially lowering oil and commodity prices.
Oil prices dropped sharply after US Treasury Secretary Scott Bessent suggested a potential deal to open the Strait of Hormuz by this week, with Brent down 5.3% to $79.36/barrel and WTI losing 5.7% to $75.77.
Bank reserves fell by $77.579 billion on a weekly-average basis while the US Treasury raised its July-September borrowing estimate by $68 billion, placing scrutiny on Bitcoin's liquidity environment.
US Treasury Secretary Scott Bessent states the US and Iran may finalize a deal by the end of the week to reopen the Strait of Hormuz, ensuring 'freedom of movement' for ships, which could lead to decreased oil and commodity prices as stranded vessels exit the Persian Gulf.
Oil prices dropped to a three-week low on Tuesday, with Brent crude falling nearly 5% below $80 a barrel, after senior US officials reported progress in talks with Iran and Oman to reopen the Strait of Hormuz.
U.S. Treasury Secretary Scott Bessent stated that the United States and Iran could finalize a deal this week to reopen the Strait of Hormuz, focusing on freedom of movement in the vital shipping lane amidst ongoing Middle East conflict disruptions.
U.S. Treasury Secretary Scott Bessent highlighted excess volatility in the South Korean won and stressed the necessity of a stable yen following a joint U.S.-Japan currency market intervention.
The U.S. and Iran are in talks to potentially reopen the Strait of Hormuz by Tuesday or Wednesday, allowing freedom of movement for commercial ships, according to Treasury Secretary Scott Bessent, which could lead to a significant drop in oil prices and relief in global commodity supply.
The U.S. reportedly sold euros instead of dollars to fund intervention bolstering the yen, aiming to protect sensitive Treasury markets. Meanwhile, Amazon hits a $3 trillion market cap, HSBC and Saudi Aramco post strong earnings, and Hugging Face CEO warns China is winning the AI race.
Mastercard finalized a $1.8 billion acquisition of stablecoin infrastructure provider BVNK, merging its global network with BVNK’s onchain platform to enable cross‑border digital‑currency payments. The deal follows a prior abandoned $2 billion transaction with Coinbase.
Tyler Williams, a senior US Treasury official overseeing digital asset policy and adviser to Treasury Secretary Scott Bessent, has left the department. His departure comes as Congress remains deadlocked over the CLARITY Act.
U.S. Treasury sold euros from its Exchange Stabilization Fund to support the Japanese yen after it hit a 38‑year low, joining Japan’s intervention and aiming to stabilize the yen carry trade and Treasury yields.
Trump Media & Technology Group moved 2,628 BTC on Aug. 2, bringing recent Bitcoin movements to a near-match with its non-collateralized March holdings. This raises questions about the disposition of its crypto treasury, as the company has not clarified if these were sales or custody transfers, despite previous statements about account diversification.
Bitmine Immersion Technologies acquired another 10,399 ETH, worth $19.5 million, over the past week, extending its year-long buying streak to become the world's largest corporate holder of Ethereum with 5.79 million ETH. The company also repurchased 4.5 million shares of its common stock.
10x Research suggests Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, contingent on Federal Reserve policy and other market risks like miner selling and geopolitical events. Other analyses from Grayscale and K33 also point to an approaching bottom.
The Japanese yen surged to a two-month high after a rare joint currency intervention by Tokyo and Washington, following its drop to a 40-year low. US President Donald Trump called the move a "signal of friendship," with analysts noting Japan's favorable window and US aims to limit Treasury selling pressure.
Five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange, providing a standardized instrument for hedging interest rate risk. This move is seen as a critical institutional cornerstone to elevate the renminbi's status as an international reserve currency amid global demand for credible safe assets.
Bitcoin miner PowerCompute's US Digital subsidiary borrowed $18.07M from Arch Lending to repay Galaxy Digital and Liebel debt. The bridge notes matured July 31, but the anticipated Bitcoin-secured term facility is still being finalized, leaving its financial status and Bitcoin collateral unresolved.
U.S. Treasury yields declined Monday, with the 10-year note falling to 4.688%, as oil prices slumped amid hopes of de-escalation in the Iran conflict following President Trump's claims of renewed negotiations. However, Iran's foreign ministry denied any immediate plans for direct talks with the U.S.
Japan's finance ministry and the U.S. Treasury conducted a coordinated yen-buying operation on Friday to counter the currency's excessive volatility and weakness. Both nations signaled readiness for further joint interventions, with the yen strengthening slightly after hitting a four-decade low, though an expert expressed skepticism about the funding method.
Interactive Strength paid a preferred share dividend of 619,584 shares on July 28, preserving cash and creating a $1.239 million liquidation preference. This follows the 2025 liquidation of its FET token crypto treasury, which fully satisfied original FET-backed notes, amidst warnings of substantial doubt about its ability to continue as a going concern.
Nasdaq-listed Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17, funded by Litecoin (LTC) sales and covered-call premiums. The transaction reduced absolute LTC holdings but increased LTC backing per outstanding common share by about 1.7%.
Lite Strategy, a Nasdaq-listed company, repurchased 4.9 million shares for $5.4 million through July 17, funded by LTC sales and covered-call premiums. This reduced Litecoin holdings but increased LTC backing per outstanding share by 1.7%, though future accretion depends on execution and market conditions.
