The U.S. military will begin a maritime blockade covering all Iranian ports and coastal areas at 20:00 GMT on July 14, or 04:00 Beijing time on July 15, according to the Joint Maritime Information Center (JMIC), which is led by the U.S. Navy. JMIC said the measure will apply to all vessels regardless of flag and will extend across Iran’s entire coastline, including its ports and oil terminals. The notice also said neutral ships transiting the Strait of Hormuz to and from non-Iranian destinations will not be obstructed. Humanitarian cargo will be allowed to pass, but only after inspection. The update was cited by Odaily and attributed to Jin10.

U.S. Central Command said it began a third straight night of strikes on Iran at 4:45 p.m. Eastern Time, according to a newsflash carried by Odaily and attributed to Jin10. The statement said the operation would continue to impose heavy costs on Iran’s military and reduce its ability to attack commercial shipping in the Strait of Hormuz. No additional operational details, casualty figures, or target information were provided in the source material. The update was published by Odaily as a 7x24 newsflash.

Sui said in a post on X that institutions continue to distrust cross-chain bridges and wrapped BTC, outlining Hashi as an approach designed to keep Bitcoin in its native form on-chain. According to the post, the setup would allow BTC to remain verifiable and controllable while also being used as collateral. EvanWeb3 later provided additional explanation of the concept. Sui added that the Hashi global testnet is set to go live soon. The statement did not include a specific launch date, but it framed the upcoming testnet as the next step for the product. The update centers on a structure that avoids bridging or wrapping BTC, an issue Sui said remains a sticking point for institutional participants.

ChainCatcher reported that, according to monitoring by Galaxy’s head of research, the token transfers in question were made up of assets from two sources. One portion came from tokens seized from Ryan Farace, also identified as “xanaxman.” The other portion came from tokens tied to the now-shuttered crypto exchange BTC-e. The brief did not provide details on the token names, the amount transferred, or the overall size of the movement. No additional timeline or on-chain breakdown was included in the source text.

Trading activity on South Korea’s two biggest domestic crypto exchanges jumped sharply over the past 24 hours, according to data cited by @WuBlockchain from CoinGecko. Upbit, the country’s largest crypto exchange, recorded about $4.23 billion in trading volume during the period, up 550.3% from the previous day. Bithumb, South Korea’s second-largest exchange, posted roughly $785 million in volume, marking a 324.4% increase over the same comparison period. The figures point to a clear pickup in activity across the South Korean crypto market. Because Upbit and Bithumb are the main local trading venues, changes in their trading volumes are often tracked as a gauge of sentiment among retail investors in the country. The update did not provide a breakdown by token or trading pair, but the scale of the move showed a broad rise in market participation within the latest 24-hour window.

New Hampshire Gov. Kelly Ayotte signed HB 639 into law last week, putting in place what the measure calls the “Blockchain Basic Laws.” The law is designed to protect cryptocurrency innovation and use in the state, and it also allows a special blockchain docket to be created in the superior court for related disputes. The move adds to a broader set of crypto-related policy actions in New Hampshire. Last year, the state passed a strategic Bitcoin reserve law that allows the state treasurer to invest as much as 5% of public funds in Bitcoin as well as precious metals including gold and silver. Separately, the state’s Executive Council last week rejected a proposal that would have allowed the New Hampshire Business Finance Authority to advance Bitcoin-backed municipal bonds. The update was reported by Odaily, citing Decrypt for part of the legislative development.

Cap, a Franklin Templeton-backed stablecoin protocol, has reduced its promised Stabledrop user reward to $4.2 million from roughly $12 million, prompting a public apology from founder Benjamin Sarquis Peillard. The project said the payout will be funded entirely by proceeds from its June token sale, which raised $4.2 million after Cap sold 5% of token supply at a $75 million floor, far below the earlier assumption of a $250 million valuation and a 10% sale. The revised distribution now applies only to certain Frontier users who bought Pendle yield tokens without holding the matching principal tokens, while cUSD holders and Pendle liquidity providers are excluded. Sarquis Peillard also rejected accusations that he routed rewards to a wallet tied to his former employer, saying the address belongs to a former colleague and received no QiDao treasury funding beyond gas fees. CAP has fallen about 20% over the past week, while Cap’s total value locked dropped to about $230 million from a July 8 peak of $262 million, according to DefiLlama.

ChainCatcher, citing Jin10, reported that Iran's Revolutionary Guard shot down a U.S. MQ-1 drone in the Strait of Hormuz. The brief did not provide additional details on the timing of the incident, the exact location within the strait, or any follow-up response. No further information was included in the source text beyond the reported downing of the aircraft and the parties involved. As provided, the item remains a short breaking update rather than a full report.