President Trump: Possible action to push up oil prices

[AI Financial Backed by Trump Family Plans to Sell Core Business for $15 Million] According to The Wall Street Journal, the cryptocurrency company AI Financial, backed by the Trump family, is in talks with blockchain technology company Perpetuals.com to sell its core business for up to $15 million. A year ago, AI Financial acquired a small payment company for $75 million, a deal that resulted in losses for investors other than the Trump family. The terms of the current transaction have not yet been finalized, and negotiations are still ongoing.

The decentralized prediction market World.xyz announced that it will migrate from Solana to Robinhood Chain. World.xyz has been launched on the Phantom wallet and official website, supporting users to trade cryptocurrency prices and event contracts such as the 2026 World Cup. Chainlink is used as the main oracle infrastructure, and Phantom stablecoin is used as the settlement asset.

On July 8th, WTI crude oil futures prices rose 7.49% to $75.717 per barrel, Brent crude oil futures prices rose 7.88% to $80.006 per barrel, and the main domestic SC crude oil futures contract rose 7.00% to $487 per barrel. US President Trump stated in Ankara that the US may strike Iran's civilian infrastructure and attempt to control Hark Island. The prospect of a 60 day ceasefire agreement between the United States and Iran is uncertain, and the passage of oil tankers through the Strait of Hormuz has been largely suspended.

In this week's Crypto Long & Short, FalconX’s Gaspar Martin writes that BTC is reaching a market bottom and is poised for a turnaround.

According to Israel's "New News" newspaper, an Israeli official said that Israel has raised its state of alert to the highest level to prevent a recurrence of war with Iran.