Iranian Military: Nations Following U.S. Sanctions on Iran Will Face 'Difficulty' in Hormuz Strait

**May 10** In February this year, Malaysian police raided a rented villa in Country Heights, Kajang, targeting several Chinese citizens suspected of fraud. The officers allegedly forced the victims to transfer approximately $50,000 (around 200,000 Malaysian Ringgit) in USDT. Twelve implicated officers were later arrested and relieved of frontline duties, but the investigation remains pending technical reports and digital evidence analysis—no breakthrough has been made to date. Charles, the lawyer representing the eight Chinese victims, slammed the probe’s excessive slowness. “There’s been no follow-up since the 12 officers’ arrest, suggesting suspected internal interference to suppress the case,” he stated. He warned that if internal protection is uncovered, a complaint will be filed with the Malaysian Anti-Corruption Commission (MACC).

**A new Financial Times poll released May 10 finds more than half of American voters disapprove of how Donald Trump has handled the economy, with top concerns including inflation, rising living costs and the energy price impact of a potential war with Iran.** **Despite reports of job gains, a manufacturing resurgence and a climbing stock market, public sentiment about real-life cost-of-living pressures has pushed Trump’s economic approval rating down to roughly 37%, while disapproval tops 55%.** **The poll underscores a gap between Wall Street and everyday Americans in economic perception—one that could hurt the Republican Party’s performance in the 2026 midterm elections.**

May 10: Iran’s Tasnim News Agency cites a military spokesperson as saying the country will respond to fresh enemy attacks with new weapons, a novel warfare approach and an unprecedented battlefield, warning foes will be “surprised.”

May 10 — South Korea’s Ministry of Land, Infrastructure and Transport reports 324 homebuyers used cryptocurrency sale proceeds to fund home purchases between February 10 and March 31. Of these buyers, 229 (roughly 70.7%) were aged 30–39—this group accounted for the largest share of declared crypto funds, totaling about 10.31 billion South Korean won (around $7.4 million). Notably, South Korea began separately listing virtual asset sale income in housing finance plans this year, a sign crypto gains are flowing into the real estate market. However, such funds make up only ~0.1% of total home purchase capital, so their overall impact remains limited.

May 10th Market rebound drives continued on-chain activity growth. In the Solana ecosystem, OG meme coins TROLL and GIGA notched sharp gains, while Ethereum’s spotlight remains on tokens leveraging the Hook mechanism. Per GMGN data: - TROLL jumped 81.2% in the past 24 hours, with a market cap of $83.9M; - GIGA saw a 49.8% 24-hour surge, with a market cap of $37.13M; Meanwhile, Ethereum’s mainnet buzzes around Hook mechanism tokens. Among these, newly launched LOOP quickly hit a $3M market cap before retreating to $2.55M. Notably, its key innovation lets users lend out idle ETH from Uniswap V4 liquidity pools—ETH previously only used as trading capital. Leading token SATO neared its all-time high this morning, now with a $28.59M market cap and a 21.14% 24-hour gain.

May 10th Brief: Notable peace prospects have emerged in both the U.S.-Iran and Russia-Ukraine conflicts this week, sharply reducing geopolitical risks. Next week, watch closely for further de-escalation in both disputes. ### Key Macro Events (Next Week) - **Monday**: Senate confirmation hearing for Fed Chair-designate Kevin Wash (expected to take over from Jerome Powell on May 15) - **Tuesday**: - 1:15 PM ET: New York Fed President John Williams (FOMC permanent voter) participates in a monetary policy panel discussion - 8:15 PM ET: U.S. ADP Employment Change (week ending April 25) - 8:30 PM ET: U.S. April CPI data - **Wednesday**: - 4:30 AM ET: U.S. API Crude Oil Stock Change (week ending May 8) - 8:30 PM ET: U.S. April PPI (year-over-year, month-over-month) - **Friday**: - 5:30 AM ET: Fed Governor Raphael Bostic delivers a speech - 9:15 PM ET: U.S. April Industrial Production (month-over-month) ### U.S. Stock Market Update As of this Frida