Iran's Revolutionary Guards claimed a missile and drone attack on the Prince Hassan Air Base in Jordan, alleging they hit fuel tanks and an ammunition depot, according to Odaily. The Guards described the strike as a first-phase response to a U.S. attack on an Iranian coastal base. Following the news, Brent crude oil surged 4.5% at market open, reflecting fears of supply disruptions from the Middle East, as reported by Watcher Guru.
Bond Yields Hit 17-Month High Amid Rate Hike Speculation
The U.S. 2-year Treasury yield rose to 4.2393%, its highest in 17 months, with fed funds futures pricing in 39 basis points of rate hikes by December, per Odaily. Some Federal Reserve officials may push for a rate hike discussion at the July 28-29 meeting if inflation concerns intensify, according to Nick Timiraos, the so-called 'Fed whisperer'. Fed Chair Warsh is set to testify before Congress this week, and the central bank will review June inflation data.
Senator Lummis Pushes Bitcoin Bill as National Debt Tops $39 Trillion
U.S. national debt surpassed $39 trillion in mid-March, with public debt exceeding $31 trillion, Odaily reported. Senator Cynthia Lummis continues to advance her Bitcoin Act, which would direct the Treasury to purchase up to 1 million BTC over five years and hold them for at least 20 years. Lummis claimed on June 16 that such a strategy could reduce U.S. national debt by one-third to one-half, though no official purchases have been confirmed.
SOL ETFs See $930,400 Inflows; BUIDL Avalanche Scale Tops $900 Million
SOL spot ETFs recorded net inflows of $930,400 for the trading week ending July 10, according to Sosovalue data cited by Odaily. Bitwise BSOL led with $1.751 million inflows, while Grayscale GSOL saw $2.038 million outflows. Total net assets stood at $901 million, representing 1.99% of SOL's market cap. Meanwhile, BUIDL's Avalanche chain scale exceeded $900 million, growing 105% in the past week, per Rwa.xyz data cited by PANews. The total BUIDL fund, a tokenized fund backed by U.S. Treasuries and cash equivalents, reached $2.869 billion, up 21.11% over 30 days.
Japan SBI Prepares 3% Lending Service for JPYSC Holders
Japan's SBI Group is preparing a lending service offering 3% annual yield to holders of its JPYSC stablecoin, with a launch expected as early as this month, Odaily reported. The move aligns with Japan's broader push to expand stablecoin usage.
China Banks Enable Offline Digital Yuan Payment Codes
Major Chinese banks, including ICBC, ABC, Bank of Communications, Postal Savings Bank, and Industrial Bank, now support offline payment codes in their digital yuan wallets, according to PANews. The feature allows users to generate payment codes without network connectivity, with merchants scanning the codes to complete transactions. The system automatically switches to offline mode when no connection is available, requiring users to pre-enable small-amount password-free payments and optional auto-top-up.
Thailand Tightens AML Scrutiny on Cash Deposits and Stablecoin Transactions
Thailand will require proof of source for individual cash deposits exceeding 5 million baht (about $150,000), as part of enhanced anti-money laundering measures, PANews reported. The regulations expand compliance obligations for banks on cash handling, large currency exchanges, precious metal trades, and suspicious stablecoin transactions. The central bank and Securities and Exchange Commission are conducting joint inspections focused on Tether, aiming to identify and block illegal fund flows.