The crypto infrastructure firm failed to get approval when it first sought a U.S. charter, and the company is quickly back with what it said would be a narrower effort.

[U.S. and Iran Reach Consensus on Ceasefire, Hormuz Strait Shipping Volume Drops to Multi-Month Low] According to Jin10 Data, the Syrian Democratic Forces announced their dissolution, and the U.S. and Iran reached a consensus on the terms of a ceasefire agreement, which includes provisions for free navigation in the Hormuz Strait. On Monday, only one bulk commodity vessel passed through the Hormuz Strait, marking the lowest record since May 7. U.S. President Trump stated that all naval mines in international waters have been removed or detonated and warned that mine-laying ships would be destroyed. Iran and Oman issued a joint statement proposing the establishment of a temporary navigation channel and the implementation of a joint mine-clearing project, though Iran emphasized that the strait would not be reopened immediately. Pakistan's Interior Minister noted progress in negotiations with Iran, while the U.S. State Department is preparing for diplomats to return to Middle Eastern embassies. The U.S. has proposed lifting sanctions on Iran in exchange for reopening the strait, but Treasury Secretary Besent reiterated that pressure on Iran would continue. Meanwhile, Iran's Deputy Foreign Minister warned that if the U.S. persists in its actions, Iran will demonstrate new capabilities.

Bloomberg pointed out the return of currency depreciation transactions and emphasized that the total amount of Bitcoin is limited to 21 million and has scarce asset value. （Bitcoin Archive）

Franklin Templeton portfolio manager Sarah Alagi said that Nvidia investors need the company to provide details of capital deployment, expenditure plans, and future roadmaps to address market concerns about slowing growth. Sara Alagi pointed out that Nvidia's expected price to earnings ratio for the next 12 months is about 21 times, and the market is pricing growth to slow down expectations. Nvidia needs to demonstrate profit growth to demonstrate that the company has free cash flow available for investment and stock buybacks. Approximately 75% of Nvidia's gross profit margin will be closely monitored against the backdrop of rising input costs. Nvidia is offsetting higher memory costs by raising prices, and server prices based on Vera Rubin and Grace Blackwell architectures are expected to increase by over 15% in early 2027.

Musk stated in July 2025 that fiat currency is hopeless and called for the embrace of Bitcoin. （Bitcoin Archive）