Bitcoin plummeted sharply, with $117 million in liquidations across the network in the past hour; Maji once again quickly closed out long positions.

Yemen’s Houthi group said Thursday it struck two Saudi oil tankers. A Pakistani official noted that a cessation of Houthi attacks on Saudi Arabia and other Gulf states would be a "precondition for the resumption of U.S.-Iran talks," adding that Pakistan has conveyed this message to Iran.

Coinbase Institutional and Glassnode have jointly released a market report, maintaining a neutral outlook for the cryptocurrency market in Q3 2026. In Q2, the total market cap of the crypto sector excluding stablecoins fell by approximately 12%, while stablecoin supply hit an all-time high. On-chain data indicates Bitcoin may be transitioning from a correction/adjustment phase to an accumulation phase, marked by valuation compression, near-term active supply hovering near multi-year lows, and the share of profitable supply dropping below its historical statistical lower bound — a level that has historically correlated with accumulation rather than distribution zones. However, the macro liquidity environment remains tight. The Federal Reserve, led by Kevin Warsh, has maintained a hawkish stance, with the U.S. dollar strengthening; combined with geopolitical risks, selling pressure from digital asset treasuries, and net outflows from BTC and ETH spot ETFs in the first half of the year (though the outflow pace has begun to slow), the report’s overall outlook remains cautious.

Three Pakistani sources said Pakistan is exploring ways to restart US-Iran talks to end the nearly five-month-long war. The sources added that Iranian Interior Minister Eskandar Momeni held exploratory talks during his visit to Islamabad this week — his second trip to the Pakistani capital in the past 10 days. According to a Pakistani government statement, Momeni, who is viewed as having close ties to Iran’s Revolutionary Guard, met this week with Pakistani government leaders and military chief Asim Munir. All three sources warned that barriers to holding talks with the United States remain high. According to Bitget market data, the short-term decline of both WTI and Brent crude oil has widened to around $1.5. Brent crude oil plunged 4% on the day, trading at $91.11 per barrel. WTI crude oil fell below $89 per barrel, logging a 4.26% daily decline.

U.S. Senate Majority Leader John Thune said the CLARITY Act is unlikely to be passed before the summer recess, but he hopes to at least initiate full Senate consideration of the bill before the break. The crypto industry had previously viewed August 7 as a key window for the bill to pass this year; if delayed until the fall, the likelihood of it being enacted into law in 2026 will decrease. White House crypto advisor Patrick Witt, meanwhile, noted that the Senate could still take action on the bill in the first week of August, though the chances of a final vote in July remain low. (CoinDesk)

Local time on the 24th, Iranian Foreign Minister Al-Araghi said in an interview that there is no "lack of intermediary" between Iran and the U.S., with the crux lying in Washington's policies and practices. Al-Araghi emphasized that Iran will not succumb to U.S. pressure, nor will it accept threats, coercion or forced measures, adding that it will continue to safeguard the interests of the Iranian people and those related to the Strait of Hormuz. He stated that Iran will keep taking actions until the legitimate goals and demands of the Iranian people are fulfilled. (CCTV)

World Foundation, the non-profit organization behind the World Protocol, announced it has raised $52.5 million in new capital via a strategic sale of WLD tokens, with all tokens subject to a one-year lock-up period. The "first closing" of the token sale was led by Pantera Capital, with other investors including Bain Capital Crypto, WLD’s asset management firm Eightco Holdings, Selini Capital, and Susquehanna Crypto. It remains unclear if the foundation plans additional token sales after this first closing. The foundation noted that the WLD tokens sold in the transaction "are intended for internal use within the World Network and do not represent any investment rights, profit, or return entitlements." A spokesperson clarified that this means WLD purchased by investors does not constitute equity in Tools for Humanity, the for-profit company backing the World Network.