Linera Launches Babbage Testnet

Today, an Iranian foreign ministry spokesperson stated that negotiations with the U.S. can proceed based on national interests, bringing a glimmer of hope for Middle East peace. Possibly due to this news, WTI crude oil and Brent crude oil have pulled back. According to Bitget’s market data, both crudes’ intraday gains have narrowed to around 1%, currently trading at $83.16 per barrel and $87.63 per barrel respectively.

According to Lookonchain’s monitoring, a newly created address withdrew 10,000 ETH (valued at approximately $18.6 million) from Binance and staked all of it.

Swiss crypto elite trader Doctor Profit (@DrProfitCrypto) stated in a post today that the widespread market expectation of Bitcoin hitting a bottom between September and October amid its four-year cycle is a contrarian signal, meaning the traditional consensus-based bottom may not materialize, while the probability of BTC falling below $50,000 remains low. Profit has deployed all his short-selling profits to purchase Bitcoin at approximately $64,000, and plans to allocate 5% of his capital daily to gradually accumulate BTC in the $54,000–$64,000 range, balancing his positions with a 4:1 BTC-to-ETH ratio. He emphasized upcoming institutional catalysts: BlackRock’s tokenization platform launch in October and a potential clear regulatory bill in August, which will bring narratives around 24-hour stock trading and blockchain legalization, possibly triggering early FOMO and pushing prices higher. A prominent crypto figure with nearly 500,000 followers on X, Profit is known for his expertise in market psychology, Bitcoin trading, and stock trading. He previously executed a successful short position on Bitcoin near $120,000 in September 2025, and recently closed all his short positions in Bitcoin and over 100 altcoins to adopt a spot accumulation strategy.

A spokesperson for Iran's Ministry of Foreign Affairs stated that negotiations with the United States can be conducted based on national interests.

JPMorgan strategists said AI-related stocks are unlikely to stay under pressure long-term, projecting that strong earnings growth and valuation improvements will reignite demand—particularly for semiconductor firms. The team led by Mislav Matejka noted in a report that semiconductor stocks have decoupled from their improving earnings outlook. The report added that meaningful supply growth won’t materialize until 2028, making it premature to price in a semiconductor price turnaround right now. Fundamentals are likely to remain constructive, it said. The relative strength index for these chip stocks is fast approaching oversold territory, and strategists advised investors to "re-enter the sector in the summer" if capital expenditure expectations for hyperscale data center operators stay robust. (Bloomberg)

Privacy protocol Hinkal said in a tweet that it will fully refund users who have completed the recovery process this week, with the full process expected to be finalized by July 22. Users who have not yet completed the recovery can still submit their applications. Earlier, Hinkal suffered a hack that led to a loss of roughly 797,000 USDC, and the attacker converted the stolen funds into approximately 454 ETH.