Strait of Hormuz Suspected of Witnessing Covert Passage, Iran Declares Zero Visibility Transit Record 24 Hours After Closure
June 21 — The latest monitoring data shows no visible records of vessels transiting the Strait of Hormuz over the past 24 hours, following the Iranian Revolutionary Guard’s announcement of the waterway’s closure. Analysts note this unusual development does not necessarily mean shipping has fully halted. Instead, some vessels may have entered "dark mode": disabling their Automatic Identification System (AIS) and other electronic tracking devices to evade monitoring and attempt forced passage through the strait.
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US-Iran Technical Talks Held Today, Another "Mexican Standoff" in the Strait of Hormuz
BEIJING, June 21 (CCTV) — Since the U.S. and Iran formally signed a memorandum of understanding (MOU) on June 18, Pakistan announced June 20 that technical-level bilateral talks would be held in Switzerland on June 21. Iran’s negotiating team has already arrived in Switzerland, while U.S. Vice President Vance is traveling to the country to join the discussions.
On another front June 20, Iran’s military declared it was closing the Strait of Hormuz, citing Israel’s “unrestrained actions” and accusing the U.S. of violating the recent MOU. However, U.S. military spokespeople later stated they had not observed any Iranian move to shut the strategic waterway. That same day, U.S. President Donald Trump also released details about plans to charge tolls for vessels passing through the Strait of Hormuz.
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WSJ: Polymarket Accused of Illegally Marketing to U.S. Users Through False Trading and Faked Profit Videos
June 21 — An investigation by The Wall Street Journal has uncovered that a flood of "instant user earnings" videos circulating on social media platforms are not legitimate on the prediction market Polymarket. A significant portion of this content is produced by paid creators, who draw user attention and engagement with Polymarket’s prediction markets using tactics such as fabricated profit screenshots and inflated trading records.
The report states that this type of content has gained widespread traction on platforms like TikTok, Instagram, and YouTube, creating the misleading perception that ordinary users can easily amass huge profits by wagering on politics, sports, and trending events. However, the actual situation is far from what is advertised: most users have not generated meaningful returns, and some viral cases are even completely fabricated.
Polymarket intentionally promotes its offerings to American users through simulated trading demonstrations and counterfeit profit vide
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Binance Smart Chain Logo Futures Contract Briefly Surpasses $1,927, Up Over 4% in 24 Hours
June 21 – Per Binance platform data, SK Hynix’s perpetual contract has been climbing steadily since the close of South Korea’s regular trading session, surging to a peak of $1,927 at one point before pulling back to $1,916.27. The contract has posted a 4.25% gain over the past 24 hours, with total trading volume hitting $100 million.
In separate data from Trade.xy, SK Hynix’s perpetual contract is currently priced at $1,909.3, with a 24-hour trading volume of $48.25 million.
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US Media: Iran War Depleting Pentagon's Funds, Could Raise Defense Spending to $80 Billion
June 21 — U.S. media are reporting that the ongoing military operation in Iran is putting massive strain on the Pentagon’s defense budget and critical ammunition stockpiles. According to a Wall Street Journal (WSJ) report citing sources with direct knowledge of the matter, the U.S. Department of Defense’s internal projections peg total war and related costs at or near $80 billion. The Pentagon has warned that if spending continues to escalate, it could run out of operating funds this summer, forcing Congress to pass emergency supplemental appropriations.
While the funding shortfall hasn’t yet translated into an official budget request, it’s been raised in discussions between senior Pentagon officials and lawmakers. Former Pentagon financial experts say initial estimates came in around $29 billion, but actual costs could be far higher.
Additionally, the conflict is significantly depleting U.S. critical ammunition stockpiles, including THAAD and Patriot interceptor missiles. Multiple r
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JP Morgan Chase: Extremely Bullish on the Market, Predicts S&P 500 to Skyrocket to 8600-8800 Points by the End of 2027
June 21 — JPMorgan Chase has expressed strongly bullish sentiment, predicting the S&P 500 index will surge to a range of 8,600 to 8,800 points by the end of 2027.
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