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Iran's parliament is reviewing a bill on managing the Strait of Hormuz. The bill aims to assert sovereignty, potentially impose tolls on passing ships, and explicitly ban Israeli vessels. If passed, it could significantly alter transit rules for this vital global oil chokepoint.
Read MoreIran and Oman held deputy foreign minister-level talks in Tehran from July 24-25, focusing on establishing shared principles and operational mechanisms to ensure safe maritime passage through the Strait of Hormuz. Both sides noted progress and agreed to continue technical and political consultations. Navigation conditions in the strait remain unchanged.
Read MoreEl Salvador's central bank reports $354 million in crypto remittances for H1 2026, a 39.1% year-over-year increase. However, this represents just 0.7% of the total $5 billion remittance market, with traditional channels maintaining over 84% dominance despite the country's Bitcoin adoption.
Read MoreSouth Korean pension funds, led by the National Pension Service, switched to net buyers of the KOSPI in July for the first time in 2024 after six months of net selling, purchasing 68.4 billion won worth of shares. Chipmaker SK Hynix was the top pick, attracting over 425 billion won in net purchases, signaling strong institutional confidence in the semiconductor sector.
Read MoreIran's armed forces spokesperson stated the US has failed to achieve its objectives in the Strait of Hormuz and against Iran, seeking new strategies. With the Israeli PM's US visit, Iran may face airstrikes or ground operations but is fully prepared, noting ground combat would expose greater US vulnerabilities.
Read MoreAmid a sharp market sell-off, Korean retail investors reversed course and aggressively bought nearly ₩450 billion worth of single-stock leveraged ETFs tied to Samsung and SK Hynix. The buying spree is attributed to bargain-hunting and a rush to build positions before stricter margin rules take effect.
Read MoreReports indicate President Trump paused plans to escalate military action against Iran. The decision stems from multiple strategic concerns, including pressure on U.S. missile defense inventories in the Middle East, risks of widening conflict, key ally relationships, and broader impacts on global economy and energy security.
Read MoreSamsung Electronics Chairman Lee Jae-yong met with OpenAI CEO Sam Altman in San Francisco. Industry insiders suggest talks centered on AI infrastructure like HBM memory and advanced chip foundry services, alongside integrating generative AI across Samsung's business lines, potentially reshaping the AI hardware landscape.
Read MoreSK Hynix is set to report Q2 earnings, with analysts forecasting record revenue and operating profit. Combined with Samsung's strong preliminary results, the two Korean memory giants are expected to post over 150 trillion won in operating profit for the quarter, signaling a powerful industry rebound.
Read MoreMidday updates highlight tech giants and market sentiment. Musk's wealth drops sharply, Nvidia's open-weight model gains Google's support. Market fear persists per the index. CZ advises dollar-cost averaging for long-term holds, while Cathie Wood backs Tesla and SpaceX as top AI plays. Global stock market cap nears record highs relative to GDP.
Read MoreARK Invest's Cathie Wood identifies Tesla and SpaceX as her top AI investment picks. She argues the market underestimates their potential in robotaxis, humanoid robots, advanced AI models, and orbital data centers, seeing multi-trillion dollar opportunities ahead.
Read MoreThe SUI network will unlock tokens worth approximately $9.76 million on August 1st, releasing 13.72 million tokens to early contributors and community reserves. The token's price currently sits more than 80% below its all-time high, raising market concerns about potential sell pressure.
Read MoreNVIDIA CEO Jensen Huang published an open letter advocating for open-weight AI models to maintain US leadership. Signatories doubled to 50, adding Google, AMD, and OpenAI. Notably, Amazon and Anthropic remain absent, raising questions.
Read MoreGlobal stock market capitalization has surged to 137% of world GDP, nearing an all-time high. Since April, this ratio has jumped 40 percentage points, matching 2021's meme-stock frenzy levels. The US market accounts for nearly half the total, with AI driving historic growth.
Read MoreBitMart has announced a phased shutdown of its trading platform, with key deadlines spanning from July 2026 to January 2027. The exchange urges users to close positions, complete KYC, and withdraw assets ahead of service termination.
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