Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

According to Bitget market data, South Korea’s KOSPI index dipped below the 7,400-point level at the opening on Monday, July 13, with SK Hynix down 3.5%. The index then quickly rallied to turn positive.

According to Onchain Lens monitoring, Noxa has generated approximately $7.66 million in cumulative fees on Robinhood over the past seven days. Notably, the Noxa team issued the NOXA token on DeBank’s DBK Chain in 2025, but the token has remained inactive since then. About 14 hours ago, the team burned 40% of NOXA’s total supply.

According to Bitget's market data, WTI crude oil rose 3.26% intraday to $73.81. The latest oil price rally is likely driven by renewed tensions in the Middle East: escalating conflicts between the U.S. and Iran have sparked market concerns over shipping through the Strait of Hormuz and global crude oil supply security, prompting a rapid rebound in crude oil risk premiums.

According to monitoring by OnchainLens, a Bitcoin whale dormant for seven years has reactivated today. The address has held 2,931 BTC since the cryptocurrency’s price stood at roughly $6,500, valued at approximately $188 million at that time, and has remained inactive ever since. The holding has now appreciated tenfold.

US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.

According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."