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On July 14, local time July 13, U.S. President Donald Trump stated that the United States is protecting several wealthy countries in the Middle East and therefore should receive compensation from those nations. Trump specifically mentioned Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait, saying that the U.S. is safeguarding these countries as well as Israel. He claimed that the U.S. is investing funds in the region, so it is appropriate for the protected countries to share the related costs. Trump also said that the U.S. has abundant oil resources, adding, 'Counting oil from Venezuela and elsewhere, the U.S. controls more than half of the world’s oil supply,' and therefore the U.S. itself 'does not rely on Middle Eastern oil' — its actions in the Middle East are 'mainly to protect allies.' (CCTV Global News)

[Trump Says Middle East Allies Should Pay for Protection]On July 14, local time July 13, U.S. President Donald Trump stated that the United States is protecting several wealthy countries in the Middle East and therefore should receive compensation from those nations. Trump specifically mentioned Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait, saying that the U.S. is safeguarding these countries as well as Israel. He claimed that the U.S. is investing funds in the region, so it is appropriate for the protected countries to share the related costs. Trump also said that the U.S. has abundant oil resources, adding, 'Counting oil from Venezuela and elsewhere, the U.S. controls more than half of the world’s oil supply,' and therefore the U.S. itself 'does not rely on Middle Eastern oil' — its actions in the Middle East are 'mainly to protect allies.' (CCTV Global News)

Trump Says Middle East Allies Should Pay for Protection

On July 14, according to CNN, U.S. President Trump on Monday described the renewed U.S. bombing campaign against Iran as a 'military conflict,' denying that it marked the start of a new long-term phase of combat, but he refused to specify how long the conflict would last. Trump said: 'We have to take the actions we are taking. We have significantly degraded their capabilities, but they will resist for some time.' Although the current fighting has already far exceeded the initial four-to-six-week operational timeline set by the U.S. government, Trump downplayed the possibility that the conflict could continue indefinitely. He said: 'We fought in Vietnam for 19 years. We have been here for only four months, so I think we have done a lot.' Trump did not provide details on how he plans to ultimately end the war, only insisting that he can eventually negotiate a deal with Iran. But he acknowledged that a short-term agreement is unlikely.

[Trump Characterizes Renewed Action Against Iran as 'Military Conflict', Refuses to Set Timetable]On July 14, according to CNN, U.S. President Trump on Monday described the renewed U.S. bombing campaign against Iran as a 'military conflict,' denying that it marked the start of a new long-term phase of combat, but he refused to specify how long the conflict would last. Trump said: 'We have to take the actions we are taking. We have significantly degraded their capabilities, but they will resist for some time.' Although the current fighting has already far exceeded the initial four-to-six-week operational timeline set by the U.S. government, Trump downplayed the possibility that the conflict could continue indefinitely. He said: 'We fought in Vietnam for 19 years. We have been here for only four months, so I think we have done a lot.' Trump did not provide details on how he plans to ultimately end the war, only insisting that he can eventually negotiate a deal with Iran. But he acknowledged that a short-term agreement is unlikely.

Trump Characterizes Renewed Action Against Iran as 'Military Conflict', Refuses to Set Timetable

On July 14, according to CME's 'FedWatch': The probability of the Fed keeping interest rates unchanged in July is 58.3%, and the probability of a cumulative 25-basis-point rate hike is 41.7%. The probability of the Fed keeping rates unchanged by September is 24.9%, the probability of a cumulative 25-basis-point hike is 51.2%, and the probability of a cumulative 50-basis-point hike is 23.9%.

[Probability of Fed Holding Rates Unchanged in July at 58.3%]On July 14, according to CME's 'FedWatch': The probability of the Fed keeping interest rates unchanged in July is 58.3%, and the probability of a cumulative 25-basis-point rate hike is 41.7%. The probability of the Fed keeping rates unchanged by September is 24.9%, the probability of a cumulative 25-basis-point hike is 51.2%, and the probability of a cumulative 50-basis-point hike is 23.9%.

Probability of Fed Holding Rates Unchanged in July at 58.3%

On July 14, Iran's Foreign Minister said: President Trump is completely right. Any party that provides security guarantees for the safe passage of merchant ships through the Strait of Hormuz should be compensated for that. However, a 20% charge is certainly too high; we will charge fairly.

[Iran FM: Charging for Strait Passage Is Fair, but Trump's 20% Is Too High]On July 14, Iran's Foreign Minister said: President Trump is completely right. Any party that provides security guarantees for the safe passage of merchant ships through the Strait of Hormuz should be compensated for that. However, a 20% charge is certainly too high; we will charge fairly.

Iran FM: Charging for Strait Passage Is Fair, but Trump's 20% Is Too High

On July 14, the U.S. Central Command issued a statement on social media platforms stating that at 4:45 p.m. Eastern Time on July 13 (12:15 a.m. on July 14 in Iran, 4:45 a.m. Beijing time), following the orders of U.S. President Donald Trump, the U.S. military launched the third consecutive night of strikes against Iran. The statement said that the U.S. military would, through these strikes, "continue to apply pressure, severely damage Iran's armed forces, and weaken its ability to attack innocent civilians and commercial vessels in the Strait of Hormuz." (CCTV International News)

[U.S. Military Launches Fifth Round of Strikes on Iran in a Week]On July 14, the U.S. Central Command issued a statement on social media platforms stating that at 4:45 p.m. Eastern Time on July 13 (12:15 a.m. on July 14 in Iran, 4:45 a.m. Beijing time), following the orders of U.S. President Donald Trump, the U.S. military launched the third consecutive night of strikes against Iran. The statement said that the U.S. military would, through these strikes, "continue to apply pressure, severely damage Iran's armed forces, and weaken its ability to attack innocent civilians and commercial vessels in the Strait of Hormuz." (CCTV International News)

U.S. Military Launches Fifth Round of Strikes on Iran in a Week

On July 14, a wholesale digital market report backed by the UK Treasury listed Ripple as one of the core participants, planning to move repurchase agreements (repos), UK gilts, and funds from the regulatory sandbox to real markets within the next 12 months. It is expected to boost the UK economy by approximately £33 billion in annual output and £14 billion in tax revenue over the next decade. The report proposes a hybrid architecture of a permissioned institutional network layered on top of a public blockchain, citing BlackRock's tokenized money market fund BUIDL on Ethereum as an example, while noting that the settlement finality risks caused by public blockchain reorganizations remain to be addressed. The report also mentions Ripple's acquisition of Hidden Road (renamed Ripple Prime) and Santander UK's use of the Ripple blockchain for cross-border payments, arguing that traditional finance and crypto institutions are converging.

[UK Treasury Report Cites Ripple as Tokenization Model, Pushing Repos and Gilts On-Chain]On July 14, a wholesale digital market report backed by the UK Treasury listed Ripple as one of the core participants, planning to move repurchase agreements (repos), UK gilts, and funds from the regulatory sandbox to real markets within the next 12 months. It is expected to boost the UK economy by approximately £33 billion in annual output and £14 billion in tax revenue over the next decade. The report proposes a hybrid architecture of a permissioned institutional network layered on top of a public blockchain, citing BlackRock's tokenized money market fund BUIDL on Ethereum as an example, while noting that the settlement finality risks caused by public blockchain reorganizations remain to be addressed. The report also mentions Ripple's acquisition of Hidden Road (renamed Ripple Prime) and Santander UK's use of the Ripple blockchain for cross-border payments, arguing that traditional finance and crypto institutions are converging.

UK Treasury Report Cites Ripple as Tokenization Model, Pushing Repos and Gilts On-Chain

July 14, CNN reported that Trump recently said the U.S. might charge a 20% security transit fee for ships passing through the Strait of Hormuz. But just last month, Secretary of State Rubio called charging for this critical waterway 'simply not feasible.' During a visit to three Gulf states in late June, Rubio repeatedly stated that the Strait of Hormuz is an international waterway and should not impose transit fees on ships. He said, 'Whether you call it a fee, a toll, or a donation, if you have to pay to go through, it's a toll.' He also questioned how such a fee mechanism would be enforced: 'What if a ship refuses to pay? This isn't like a road toll; it's not just a ticket. If you open fire on a ship and sink it, other ships will also be afraid to go through. Such a mechanism is not only unwise but also simply not feasible.' Previously, Iran had stated it would not charge 'transit fees' for the Strait of Hormuz but said it might charge fees for related services provided.

[Rubio Previously Called Toll for Strait of Hormuz 'Unrealistic']July 14, CNN reported that Trump recently said the U.S. might charge a 20% security transit fee for ships passing through the Strait of Hormuz. But just last month, Secretary of State Rubio called charging for this critical waterway 'simply not feasible.' During a visit to three Gulf states in late June, Rubio repeatedly stated that the Strait of Hormuz is an international waterway and should not impose transit fees on ships. He said, 'Whether you call it a fee, a toll, or a donation, if you have to pay to go through, it's a toll.' He also questioned how such a fee mechanism would be enforced: 'What if a ship refuses to pay? This isn't like a road toll; it's not just a ticket. If you open fire on a ship and sink it, other ships will also be afraid to go through. Such a mechanism is not only unwise but also simply not feasible.' Previously, Iran had stated it would not charge 'transit fees' for the Strait of Hormuz but said it might charge fees for related services provided.

Rubio Previously Called Toll for Strait of Hormuz 'Unrealistic'

On July 14, Dragonfly partner Haseeb tweeted in response to OpenZeppelin co-founder Manuel Aráoz's pessimistic view on DeFi security, stating that with models such as GLM 5.2, Fable, and GPT 5.6 already online and being used by attackers, the anticipated 'hacker doomsday' for DeFi has not materialized. Chart data shows that, based on current year-to-date data and running rate, the annualized stolen amount from DeFi in 2026 is approximately $1.89 billion, with a cumulative stolen amount of about $986 million this year, lower than the 2025 level and still within the historical range. Haseeb believes that the deeper current change is that while the number of hacker attacks has increased, the scale of individual attacks has decreased faster. Attackers are more often targeting small protocols and abandoned projects, while large protocols have undergone more security hardening, so overall fund security has not significantly deteriorated.

[Dragonfly Partner: DeFi 'Hacker Doomsday' Not Realized, Annualized Stolen Amount in 2026 Approximately $1.89 Billion]On July 14, Dragonfly partner Haseeb tweeted in response to OpenZeppelin co-founder Manuel Aráoz's pessimistic view on DeFi security, stating that with models such as GLM 5.2, Fable, and GPT 5.6 already online and being used by attackers, the anticipated 'hacker doomsday' for DeFi has not materialized. Chart data shows that, based on current year-to-date data and running rate, the annualized stolen amount from DeFi in 2026 is approximately $1.89 billion, with a cumulative stolen amount of about $986 million this year, lower than the 2025 level and still within the historical range. Haseeb believes that the deeper current change is that while the number of hacker attacks has increased, the scale of individual attacks has decreased faster. Attackers are more often targeting small protocols and abandoned projects, while large protocols have undergone more security hardening, so overall fund security has not significantly deteriorated.

Dragonfly Partner: DeFi 'Hacker Doomsday' Not Realized, Annualized Stolen Amount in 2026 Approximately $1.89 Billion

On July 14, New Hampshire Governor Kelly Ayotte signed HB 639 into law last week. The legislation, known as The Blockchain Basic Laws, provides protections for cryptocurrency innovation and usage in the state and allows for the establishment of a special blockchain dispute docket in the superior court. Last year, New Hampshire passed a strategic Bitcoin reserve bill, enabling the state treasurer to invest up to 5% of public funds in Bitcoin, as well as precious metals like gold and silver. The state's Executive Council last week rejected a proposal that would have allowed the New Hampshire Business Finance Authority to facilitate Bitcoin-backed municipal bonds.

[New Hampshire Governor Signs Blockchain Basic Laws to Protect Innovation and Crypto Users]On July 14, New Hampshire Governor Kelly Ayotte signed HB 639 into law last week. The legislation, known as The Blockchain Basic Laws, provides protections for cryptocurrency innovation and usage in the state and allows for the establishment of a special blockchain dispute docket in the superior court. Last year, New Hampshire passed a strategic Bitcoin reserve bill, enabling the state treasurer to invest up to 5% of public funds in Bitcoin, as well as precious metals like gold and silver. The state's Executive Council last week rejected a proposal that would have allowed the New Hampshire Business Finance Authority to facilitate Bitcoin-backed municipal bonds.

New Hampshire Governor Signs Blockchain Basic Laws to Protect Innovation and Crypto Users

The US is to issue guidelines preventing Russia from evading sanctions through virtual currencies. U.S. persons are also barred from engaging in or facilitating prohibited transactions by a non-U.S. person.

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【US to issue guidelines to prevent Russia using virtual currencies to evade sanctions】The US is to issue guidelines preventing Russia from evading sanctions through virtual currencies. U.S. persons are also barred from engaging in or facilitating prohibited transactions by a non-U.S. person.

US to issue guidelines to prevent Russia using virtual currencies to evade sanctions

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