News

U.S. military
2026-07-12 16:23:40

U.S. officials say military struck targets near Strait of Hormuz an hour earlier

According to Jin10, U.S. officials said the U.S. military carried out several strikes about an hour earlier on missile and air defense systems at several locations around the Strait of Hormuz, as well as small boats belonging to Iran's Revolutionary Guard. The report identified the targets as sites near the waterway and vessels tied to the Islamic Revolutionary Guard Corps. No additional operational details, casualty figures, or damage assessments were disclosed in the brief update. The statement was cited by ChainCatcher in a 7x24 newsflash.

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U.S. officials say military struck targets near Strait of Hormuz an hour earlier
WuBlockchain
2026-07-12 16:05:49

U.S. CPI, PPI and the Fed’s semiannual report take center stage this week

WuBlockchain’s weekly macro roundup said markets are heading into a data-heavy stretch centered on U.S. inflation prints and the Federal Reserve’s semiannual monetary policy report to Congress. The schedule includes U.S. June CPI on July 14, June PPI on July 15, the Fed’s Beige Book on July 16, weekly jobless claims, one-year inflation expectations, and the preliminary University of Michigan consumer sentiment index on July 17. The report also looked back at last week’s developments. The Fed launched a reassessment of its monetary policy framework through five separate working groups covering communications, balance sheet policy, data systems, AI’s impact on productivity and employment, and the inflation framework. Members named in the summary include a16z co-founder Marc Andreessen, Nobel laureate Thomas Sargent, Harvard professor Greg Mankiw, and Anthropic researcher Charles Jones. Fed Chair Kevin Warsh said the U.S. economy is going through major changes and that the central bank needs to reexamine its analytical tools and policy approach. Elsewhere, the Fed minutes showed internal disagreement and an unclear path for inflation and rates. U.S. initial jobless claims for the week ended July 4 came in at 215,000, below the 218,000 expectation. The European Central Bank’s June meeting account pointed to rising inflation risks, while China’s June CPI rose 1% year over year, below expectations and down from the prior month.

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U.S. CPI, PPI and the Fed’s semiannual report take center stage this week
Iran
2026-07-12 15:53:00

Iran Says It Attacked U.S. Missile Base Facilities in Kuwait

Iran has launched an attack on a U.S. missile launch base in Kuwait, according to Iran’s Mehr News Agency, as cited by BlockBeats on July 12. The report said facilities tied to the ATACMS missile system inside a U.S. military base in Kuwait were hit, with smoke seen rising from the scene. The development was accompanied by public remarks from regional leaders. Iran’s president said the country is engaged in a “complex economic war” and that getting through this stage will require active participation from citizens. Separately, Israeli Prime Minister Benjamin Netanyahu said Donald Trump wants to reach an agreement with Iran, particularly on the nuclear issue, but would not hesitate to use force if Iran fails to honor its commitments. The brief did not provide further operational details, casualty figures, or an official U.S. response.

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Iran Says It Attacked U.S. Missile Base Facilities in Kuwait
Coinbase
2026-07-12 15:34:49

Coinbase policy chief says CLARITY Act would tighten oversight after Warren criticism

Coinbase Chief Policy Officer Faryar Shirzad said the CLARITY Act would place digital asset platforms under stronger regulation, pushing back on criticism from U.S. Senator Elizabeth Warren. According to Bitcoin.com, Shirzad wrote on X that the bill would not weaken national security, but would instead require crypto platforms to meet stricter national security standards. He also said the measure would allow platforms to freeze suspicious transactions when requested by law enforcement. Warren had said the current draft of the CLARITY Act could create opportunities to evade sanctions. Shirzad’s response framed the bill as a mechanism for tighter oversight rather than a rollback of safeguards. The exchange highlights a widening debate in Washington over how digital asset legislation should address enforcement, sanctions compliance, and platform obligations. The report also cited U.S. Senator Cynthia Lummis, who previously said the CLARITY Act includes 16 protections against illicit finance. Lummis warned that the bill may be Congress’s last major chance to pass a comprehensive set of digital asset rules before 2030.

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Coinbase policy chief says CLARITY Act would tighten oversight after Warren criticism
Coinbase
2026-07-12 15:33:45

Coinbase says CLARITY Act would tighten crypto oversight and support national security

Coinbase Chief Policy Officer Faryar Shirzad said on July 11 that the CLARITY Act would place digital asset platforms under stronger regulation rather than weaken U.S. national security, pushing back on criticism from Senator Elizabeth Warren. Warren had said on July 8 that the bill’s current draft could create openings for sanctions evasion. Shirzad argued that the proposal would require crypto platforms to meet stricter national security standards and would let platforms freeze suspicious transactions when requested by law enforcement. Senator Cynthia Lummis has also said the CLARITY Act includes 16 safeguards against illicit finance. She added that the bill could represent Congress’s last major chance to pass a comprehensive digital asset framework before 2030. The remarks were cited by Bitcoin.com News.

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Coinbase says CLARITY Act would tighten crypto oversight and support national security
Whale Movemen
2026-07-12 15:30:59

Predict.fun whale swisstony posts $18.648 million in profit across 139,304 wagers during World Cup cycle

Data from prediction market platform Predict.fun shows that a high-frequency sports trader known as swisstony has emerged as one of the standout accounts during the 2026 FIFA World Cup period in the U.S., Canada, and Mexico. Since entering the market in July 2025, the account has generated total profit of $18.648 million, with a largest single win of $1.2 million and 139,304 predictions placed overall. Its profit curve has continued to trend upward. The account’s World Cup record stands out in particular. According to the data cited by BlockBeats, swisstony has tended to take the other side when odds on popular teams appear overpriced, using frequent small-edge trades to build profits over time. In June alone, the trader made about $9.5 million by betting against popular teams including England, Spain, and Belgium, at one point becoming the platform’s fifth most profitable user. The account is now focused on the France vs. Spain match scheduled for July 14 local time, holding large positions across several sub-markets. Its main approach remains heavy use of “No” positions, especially in low-probability correct-score markets, along with some handicap and totals bets. BlockBeats said analysis suggests the trader may be using automation tools or real-time data support.

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Predict.fun whale swisstony posts $18.648 million in profit across 139,304 wagers during World Cup cycle
Uniswap
2026-07-12 15:29:04

Hayden Adams says Uniswap generates about $5.2 million in daily fee revenue

Uniswap is generating about $5.2 million in fee revenue per day, according to a post on X by founder Hayden Adams. He said the protocol ranks near the top among crypto protocols on that metric, trailing only stablecoin issuance-related protocols tied to assets such as USDC and USDT. Measured by daily fee revenue, Uniswap has already moved ahead of most major DeFi protocols and on-chain applications. The comment highlights Uniswap’s current revenue scale rather than offering a broader market forecast. The figures and ranking cited in the post point to Uniswap’s standing within crypto’s fee-generating protocols, with stablecoin issuers remaining above it and most other DeFi and on-chain products falling behind on a daily basis.

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Hayden Adams says Uniswap generates about $5.2 million in daily fee revenue
whale
2026-07-12 15:24:46

Whale posts 1.56 million kHYPE on HyperlendX and borrows 1.06 million WHYPE

On July 12, BlockBeats reported, citing monitoring by OnchainLens, that a whale address deposited about $107.21 million in assets on HyperlendX and borrowed roughly $70.94 million against that collateral. The address is currently using 1.56 million kHYPE as collateral and has borrowed 1.06 million WHYPE, with a health factor of 1.31. OnchainLens described the position as relatively stable. Separately, the same whale has also staked 12,305 HPL. The update outlines the address’s current lending and staking exposure on the platform without adding further details on identity or timing beyond the July 12 monitoring note.

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Whale posts 1.56 million kHYPE on HyperlendX and borrows 1.06 million WHYPE