Iran's Revolutionary Guard claimed it struck a US military base in Jordan with missiles and drones, sending oil prices sharply higher. West Texas Intermediate crude jumped 4.88% intraday to break above $75 per barrel, while Brent crude surged 4.5% on renewed conflict fears.
Iran Strikes US Base, Oil Jumps
Iran's Revolutionary Guard said it attacked the Prince Hassan Air Base in Jordan with missiles and drones, alleging that the strike ignited fuel tanks and an ammunition depot. The Guard described the action as a first-stage response to a US attack on an Iranian coastal base. The escalation drove WTI above $75 and Brent up 4.5% in early trading, reflecting supply disruption worries that could weigh on risk assets.
US Treasury Yields Hit 17-Month High
The US 2-year Treasury yield climbed to 4.2393%, the highest in 17 months, as markets price in 39 basis points of rate hikes by December. Some Federal Reserve officials, flagged by the so-called 'Fed whisperer' Nick Timiraos, may push for discussing a reversal of last year's rate cuts at the July 28-29 meeting if inflation concerns intensify. Fed Chair Wash is set to testify before Congress this week.
Crypto Market: ETF Outflows, Declining Volumes
FalconX reported that spot bitcoin ETFs saw $4.9 billion in net outflows in Q2 2026, bringing the year-to-date net outflow to $5.4 billion. Total spot trading volume across platforms fell 25% quarter-on-quarter to $1.6 trillion, the lowest since Q3 2023. Futures volume dropped 12% to $9 trillion, and open interest shrank to $53.2 billion from a peak of $122.2 billion in October 2025. Stablecoin supply contracted by $7.4 billion to $313.8 billion, the first decline in several quarters. FalconX noted that deleveraging appears mostly complete, with some recovery in June volumes.
RWA Tokenization and Stablecoin Adoption
Securitize's real-world asset tokenization surpassed $5 billion, making it the first platform to reach that milestone. Hyperliquid's RWA open interest hit a record $3.6 billion, with total platform open interest rising to $11 billion. Bolivia is technically evaluating integrating USDT into its national payment system amid a prolonged foreign currency shortage, with local banks Banco Union and Banco FIE already offering related services.
SBI and Solana Foundation Partner
Japanese financial group SBI Holdings and the Solana Foundation announced a strategic partnership to expand on-chain finance in Japan. SBI R3 Japan, which includes Sumitomo Mitsui Financial Group, will be renamed SBI Solana Global. The collaboration will focus on yen-denominated stablecoins, tokenized real-world assets (bonds, funds, real estate), cross-border payment infrastructure, and institutional on-chain financial services, aiming to position Japan as an Asian on-chain finance hub.