BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

U.S. President Donald Trump said the United States would destroy Iran's power and water facilities if necessary, but currently "does not want to do so". Trump added that the U.S. has not yet launched the highest-level attacks, such as targeting bridges, noting that "if necessary, we will destroy higher-level targets". In addition, Trump said the U.S. may also consider "taking over" Iran's Kharg Island. (Jinshi)

According to Bit.com market data, the Dow Jones Industrial Average fell 0.31% at the opening of US stock markets, the S&P 500 dropped 0.51%, and the Nasdaq declined 0.44%. Sandisk (SNDK.O) fell 1%, Micron Technology (MU.O) dropped 2.9%, Microsoft (MSFT.O) decreased 1.5%, Alibaba (BABA.N) rose over 9%, and Broadcom (AVGO.O) gained 2%.

Trump stated, "We cannot trust the Iranians. Even if a deal is eventually reached, I’m not sure it will hold." Last night, we sank 28 Iranian vessels and may sink more tonight, launching renewed attacks against them—attacks Iran is powerless to stop. We have not yet launched the highest-level strikes, such as blowing up bridges, but if necessary, we will destroy higher-value targets including Iran’s power and water facilities, and may even seize Kharg Island. "We could have killed all of Iran’s leaders during Khamenei’s funeral, but Iran exploited the funeral to launch attacks," he added. "Witkov can participate in negotiations, but I do not see that possibility at present." Additionally, Trump said he may reimpose a blockade on the Strait of Hormuz, targeting only Iran. (Jinshi)

Bank of America provides a $520 million credit line to OpenAI to support its preparation for an initial public offering.

US President Donald Trump stated during the NATO summit: "Iran once asked me not to launch an attack against it during Khamenei’s funeral, and we agreed. But they attacked three ships belonging to Saudi Arabia and Qatar. To be honest, we could have killed all of Iran’s leaders during Khamenei’s funeral, and Defense Secretary Hegseth also expressed approval of this idea." (Jinshi)

The World Gold Council’s report shows that global listed gold funds saw outflows of $8.9 billion across all regions in June. However, driven by strong performance in Asian markets, global gold ETFs as a whole recorded a net inflow of $8 billion in the first half of the year. As of the end of June, the total assets under management (AUM) of global gold ETFs stood at $526 billion, down 6% in the first half, mainly due to lower gold prices. Total holdings rose by 18 tons year-to-date to 4,047 tons. Gold market trading volume declined in June, but the average daily turnover in the first half still hit a record high of $488 billion.