Odaily, citing Jin10, reported that Mohsen Rezaee, an adviser to Iran’s Supreme Leader, said the Strait of Hormuz serves as a strategic deterrent and carries importance greater than dozens of atomic bombs. He added that Iran will protect the critical waterway. The remark focused on the strait’s strategic value and Tehran’s stated position on safeguarding the route. No additional details were provided in the brief report.

According to NBC News, U.S. President Donald Trump said the Strait of Hormuz is open. The update was carried by ChainCatcher as a 7x24 brief, and no additional background or detail was provided in the source text.

The stablecoin market recorded its biggest monthly contraction since the Terra-Luna collapse, with total market capitalization falling by $7.7 billion in June, according to BlockBeats. Since the market’s peak in May, the sector has shrunk by about $10 billion, with declines in the two largest issuers accounting for much of the pullback. Tether’s USDT fell from roughly $190 billion in May to $184 billion, while Circle’s USDC dropped from a high near $80 billion in March 2026 to about $73 billion. Even so, the latest retreat remains far smaller than the drawdown seen during the 2022 crypto winter, when the stablecoin market fell by more than 26% cumulatively. The report said Wall Street institutions still hold a constructive long-term view on the sector. Citi had previously projected that the global stablecoin market could reach $1.9 trillion by 2030 in its base-case scenario, with the figure rising to $4 trillion in a more optimistic case.

Solana said most recent social posts suggesting projects were leaving for Robinhood Chain were made in jest and did not reflect actual migration plans, according to a July 12 response to BlockBeats. The discussion started after prediction market platform world posted that it would move to Robinhood Chain, a claim later confirmed to be a joke by the project itself. The post gained wide attention because it tapped into a current market narrative, which then led other projects including pump.fun and GMTrade to echo the theme online. Solana said those projects also have no real plans to migrate. Some of the projects later clarified their stance in replies. GMTrade and others voiced support for Solana, writing that they remain loyal to the network. At the same time, Solana said it continues to lead on key on-chain trading metrics despite competition from Robinhood Chain. The network recorded $1.133 billion in DEX volume over the past 24 hours and $13.428 billion over the past week, both ranking first across all networks, according to the figures cited in its response to BlockBeats.

Odaily reported, citing NBC, that U.S. President Donald Trump said the Strait of Hormuz is open. The source text did not provide additional details on timing, policy steps, or market impact. The update was published as a short newsflash, with no further background included in the input. As provided, the report contains a single factual point: Trump’s statement on the status of the Strait of Hormuz.

Iran’s Strait management authority for the Persian Gulf said on July 12 in a social media notice that the Strait of Hormuz is currently impassable. The statement added that reviews of passage applications will resume once the situation calms down, and the necessary permits will then be issued as planned. The update was cited by Xinhua and carried in a newsflash by Odaily. No further operational details were disclosed in the source text.

Forbes has identified 10 cryptocurrencies it considers worth investing in, using a screen based on token utility or store-of-value characteristics, as well as metrics including seven-day performance and 24-hour trading volume. According to the list, every selected asset has a market capitalization above $5 billion. The tokens named were BTC, ETH, BNB, XRP, SOL, TRON (TRX), HYPE, RAIN, LEO and Zcash (ZEC). Forbes said Bitcoin and Ether are widely viewed as the crypto sector’s “gold and silver,” with current market capitalizations of about $1.289 trillion and $216.47 billion, respectively. Combined, the two account for roughly 68% of the broader crypto market, according to the report. In its methodology, Forbes said it focused on each asset’s core use case. It excluded stablecoins, wrapped crypto assets, liquid staking tokens and meme coins, and instead prioritized projects with a clear investment case that could gain value as adoption and practical utility increase.

CoinDesk reported that the total stablecoin market capitalization has declined by $10 billion since May. Of that amount, $7.7 billion was erased in June alone, marking the biggest monthly drop in dollar terms since the Terra-Luna collapse in May 2022. Despite the pullback, an analyst cited in the report said there is no reason for panic and argued that stablecoins are still likely to return to their longer-term growth path. The article was written by Krisztian Sandor and edited by Stephen Alpher, and it was published on July 12, 2026.