US Secretary of State Rubio ends his visit to the United Arab Emirates, Kuwait, and Bahrain, reiterating the ban on tolls in the Strait of Hormuz. The United States and the Gulf Cooperation Council have issued a joint statement calling for constraints on Iran's missile and drone production capacity, as well as support for regional proxy armed forces. Oman promises not to add transit fees to the subsequent navigation management mechanism. Gulf allies are concerned that the $300 billion reconstruction fund will be used for military expansion. There are serious differences between US President Trump and Iran on terms such as the verification agreement, financial incentives, control of the strait, and the Israel Lebanon conflict.

Ethena announced on the X platform that StablecoinX has completed its business merger with TLGY Acquisition Corp and will be listed on NASDAQ tomorrow under the stock code USDE.

Whale Alert monitoring shows that at 15:08 and 16:48 (UTC+8), USDC Treasury issued a total of 500 million USDC in two installments on the Solana chain.

According to a post by The Block on X platform, Kathy Wood's Ark Invest increased its holdings in Coinbase, Circle, Bullish, and Robinhood during Thursday's stock market downturn.

Some US chip stocks fell in the evening session, with Micron Technology (MU. O) falling nearly 4%, Western Digital (WDC. O) and Maiwell Technology (MRVL. O) falling 2%, and Qualcomm (QCOM. O) falling 1%. (Golden Ten)