The White House believes the ongoing fighting still has room for escalation, and military pressure has once again become the core of Trump's strategy.

The Federal Reserve released its meeting minutes on Wednesday, with officials at last month’s gathering generally agreeing they would need to raise interest rates if inflation remains persistently high this year. At the same time, they also concurred that rates could be held steady if upward price pressures fade quickly. Notably, Nick Timiraos—known as the “New Fed Wire” reporter—spotted an interesting detail in the documents: Fed officials are increasingly focusing on an inflation driver barely mentioned in debates just months ago: the boom in AI investment. Per the minutes, this is categorized as one of three key forces pushing inflation higher, alongside the Middle East conflict and tariffs—factors that could keep prices elevated and prompt the Fed to pivot to rate hikes. The minutes, released three weeks behind schedule, reflect growing concerns over inflation outlooks. More officials pointed out that robust business investment in AI infrastructure is a new force that could sustain price pressures. The minutes noted: “Several participants commented that price pressures have become more broad-based, with a large share of goods and services… experiencing significant increases.”

Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The company plans to launch its subsidiary Connectia Trust this month, with an aim to kick off U.S. dollar-denominated stablecoin issuance and management operations in 2027.

According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.

Offchain Labs co-founder Steven Goldfeder stated that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will flow to the Arbitrum ecosystem. Of that total, 8% will go to a treasury controlled by ARB token holders, while 2% will be earmarked for development funding. This mechanism gives the ARB token holder treasury a steady revenue stream, with the relevant funds potentially used for ecosystem grants, token buybacks, or staking rewards in the future. Should Robinhood Chain’s trading volume continue to grow, it could further strengthen the Arbitrum ecosystem’s revenue-generating capacity.

US Central Command: The U.S. military has carried out strikes on approximately 90 military targets along Iran’s coast, including air defense systems, coastal surveillance facilities, missile and drone storage sites, naval forces, and military logistics infrastructure.

Binance is extending its airdrop campaign for eligible users holding USD1 on the platform. The event runs from 8:00 AM on July 10 to 8:00 AM on August 7. Eligible users will share a total prize pool of 165 million WLFI tokens. During the campaign, WLFI rewards will be distributed to eligible USD1 holders every Saturday before 2:00 AM. To qualify, users must hold USD1 balances (net assets) in any of the following account types: Spot Account, Funding Account, Margin Account (with USD1 used as cross, isolated, or unified account collateral), and U.S. dollar-denominated contract accounts (with USD1 as collateral, including multi-asset mode). For users holding USD1 in contract or margin accounts, they must maintain a daily open interest of at least 300 USD1 on USD1 contract trading pairs to receive a 1.2x boosted annualized return.