According to Axios, the White House is preparing for a possible military conflict between the Strait of Hormuz and Iran that could last from one day to one month. A US official stated that the duration of the conflict depends on whether Iran continues to attack merchant ships and said that Iran must learn a lesson. At present, diplomatic channels are stagnant and military pressure is returning to the center of Trump's strategy. White House officials believe that there is room for escalation in the situation. In recent weeks, hundreds of oil tankers have passed through the strait, easing internal concerns that conflicts would immediately lead to a sharp rise in oil prices.

US Senator Elizabeth Warren referred to the Clarity Act as a passport to sanctions evasion. （Cointelegraph）

BBX News: Yesterday, BSTR Holdings led by Adam Back and Cantor Equity Partners I officially announced the termination of the original SPAC merger agreement, and both parties renegotiated the revised terms; American Bitcoin completed a 1-to-15 reverse stock split during the same period to maintain its listing on NASDAQ, while purchasing 500 BTC to increase its total holdings to 8000. The dynamics of the two companies jointly present two completely different survival situations for Bitcoin treasury enterprises in the current market environment. Core points: ——Cantor Equity Partners I (Nasdaq: $CEPO)/BSTR Holdings: On July 8th, they jointly announced the termination of the original merger agreement for July 2025; Reason: The $1.5 billion PIPE financing was not completed (Bloomberg: Large investors have reduced their commitments before the shareholders' meeting); The CEPO shareholders' meeting on July 10th has been indefinitely postponed; CEPO has returned all publicly available shares that have been submitted for redemption; Both parties are still negotiating the revised terms without a specific timetable; BSTR originally planned to list and hold 30021 BTC (25000 founder+5021 PIPE), with a target of 50000 BTC; Adam Back confirms on X platform that discussions are underway to revise the structure; CEPO is currently trading around $10.50. ——American Bitcoin Corp. (Nasdaq: $ABTC): Completed a 1-to-15 reverse stock split to maintain Nasdaq's minimum stock price requirement; Purchase 500 BTC and increase total holdings to 8000 BTC (approximately 496 million US dollars); Ranked 16th in global listed company Bitcoin holdings; Hut 8 holds approximately 44% equity, with Eric Trump serving as Chief Strategy Officer; Since the beginning of the year, holdings have decreased by about 70%; Focus on Bitcoin mining and dual track treasury model. Source: bbx.com

Maple, an on chain credit agreement, has released a MIP-021 proposal to set the SYRUP token repurchase ratio based on monthly income levels. The repurchase ratio is 10% for monthly income below $1.5 million, 20% for income between $1.5 million and $2 million, and 30% for income above $2 million. The proposal voting will begin on July 13th.

Offchain Labs co-founder Steven Goldfed stated that 10% of the fees charged by Robinhood Chain and other Arbitrarum L2 networks will flow into the Arbitrarum ecosystem, with 8% going into the treasury controlled by token holders and 2% used to fund development. 100% of the fees collected on Arbitrarum One are deposited into the Arbitrarum treasury. Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrarum technology stack.