A senior U.S. official warned that the situation between the United States and Iran is extremely grave, and the risk of further escalation cannot be ignored.

Tradeweb data shows the U.S. 10-year Treasury yield has climbed to a four-week high, hitting 4.565%.

Arc announced that its testnet will conduct a planned load test on July 8, aimed at analyzing the network’s performance and stability under extreme conditions. The project’s official noted that users may encounter network congestion, higher transaction failure rates, elevated gas fees, extended block generation times, and brief pauses in block production during the test period.

One of Australia’s largest pension funds, UniSuper, is seeking to buy U.S. tech stocks amid their pullback, brushing off concerns over high valuations and betting that artificial intelligence will drive earnings growth over the coming years. The fund’s chief investment officer, John Pearce, said UniSuper is structurally overweight U.S. tech stocks because the sector is at the “sweet spot” of the AI spending cycle, and will add to positions even if the sector pulls back by 10%. This bullish stance underscores the growing divergence among investors over the long-term outlook for U.S. mega-cap tech stocks, which have retreated from their all-time highs set last month. Pearce noted: “Everyone is talking about a bubble, but valuations don’t reflect that. We know they are investing heavily in capital expenditure, but these are companies with solid fundamentals and strong growth prospects, so we are very happy to continue holding long positions.” UniSuper, which manages A$166 billion (approximately $115 billion) in assets, has maintained an overweight position in U.S. tech stocks for months. International stocks account for roughly 35% of its default investment strategy, with Nvidia, Microsoft and Apple being its largest holdings.

According to Bloomberg citing Vortexa data, after the U.S. revoked waivers for Iran's oil sales, around 63 million barrels of Iranian crude oil are currently stranded at sea, with most tankers remaining in the Persian Gulf and Asian waters and having yet to find buyers. Previously, the U.S. had allowed Iran to sell crude oil within 60 days without sanctions, but this week revoked the waivers on the grounds of Iran's attacks on oil tankers in the Strait of Hormuz, resulting in a large backlog of loaded crude oil sales. Market analysts noted that driven by factors including sudden U.S. policy shifts, Western sanctions, and insurance restrictions, Iran's crude oil exports are facing renewed pressure. Apart from China, no Asian refineries have publicly purchased Iranian crude oil so far; industry insiders project that Iran may need to further deepen discounts to attract overseas buyers.

South Korea’s KOSPI index extended its intraday decline to 5.00%, with a cumulative drop of over 20% from its June peak. The Korea Exchange has activated circuit breakers for the KOSPI index, suspending program trading. Samsung Electronics’ share price extended its loss to 6%.

According to Hyperinsight monitoring, SK Hynix (SKHX) opened with an 11% surge today before pulling back sharply, now trading at $1,423, having given back most of its intraday gains. Over the past half hour, two large whales that entered low positions on Hyperliquid overnight and early today have closed out all their long positions, totaling approximately $4.95 million. The address starting with 0x1cb closed 2,362 SKHX long positions at an average price of $1,438, worth around $3.4 million. As of press time, this address has flipped to short positions: it currently holds SKHX short positions (10x leverage) worth $1.63 million, at an average price of $1,457, with a liquidation price of $1,529, and an unrealized profit of roughly $51,000 (+23%).