According to CNBC, Brent crude futures for September delivery rose 4.6% to $88.10 a barrel on Friday, while U.S. West Texas Intermediate futures for August delivery gained 4.5% to settle at $82.49. Both benchmarks were at their highest levels since mid-June, and for the week each was up about 16% as fighting between the United States and Iran intensified over the weekend and raised concerns about shipping through the Strait of Hormuz. U.S. Central Command said it carried out an eighth straight night of strikes against Iranian targets, while Kuwait said it launched defenses against another wave of Iranian projectiles overnight. The U.S. said it targeted Iranian forces that struck Jordan last week, and Iran's deputy foreign minister said Tehran had suspended its commitments under the memorandum of understanding signed last month with the U.S.

Foresight News reported that Alibaba's Qwen 3.8 large language model is set to be released and opened to the public. The model has 2.4 trillion parameters. According to Foresight News, the Qwen 3.8-Max preview version is already available on Alibaba's Token Plan, Qoder, and QoderWork.

The Electronic Transactions Association, which represents companies including Visa, Mastercard, Amazon, and PayPal, said BitPay has officially joined the group. According to Foresight News, the association said more such partnerships are expected as the payments industry continues to innovate. ETA CEO Jason Oxman said the collaboration with Bitcoin payments provider BitPay shows the association does not ignore innovation. He said he is working to shape ETA into an organization willing to work with emerging technology startups, including Bitcoin-related companies, and added that his choices depend largely on market demand.

Iran's Revolutionary Guards said two ships traveling on a southern route in the Strait of Hormuz were involved in accidents. According to Jin10, two other ships have also announced that they have abandoned their voyages.

The global cryptocurrency market cap now stands at $2.19T, up by 1.08% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $63,942 and $64,967 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,578, up by 0.99%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BANK, TLM, and HOME, up by 89%, 54%, and 25%, respectively. Top stories of the day: Michael Saylor Lists 100 Reasons to Oppose BIP 110 Moonshot AI Tells Investors It's Preparing for Hong Kong IPO in as Early as Six Months MetaMask Parent Consensys Says North Korean Hacker Infiltrated Team U.S. Regulators Miss GENIUS Act Deadline for Final Stablecoin Rules CLARITY Act Still Awaits Senate Progress a Year After House Passage Arbitrum RWA Platform Ostium Says July 15 Attack Caused Over $23.75 Million in Losses Market News: US Stocks Close Lower as AI Selloff Broadens — Intuitive Surgical Crashes 14%, VIX Surges 12%, Nasdaq Down 1.4% Bitcoin News: Bitcoin ETFs Post Fourth Consecutive Day of Inflows — IBIT Leads With $136 Million as Weekly Total Hits $75.5 Million CryptoQuant: Whales Are Absorbing Bitcoin's Retail Selling Pressure — Cumulative Address Inflows Rising as Spot Outflows Continue Market movers: NVDAB: $202.38 (+0.09%) MSFTB: $397.03 (+0.62%) TSMB: $401.28 (+0.40%) GOOGLB: $347.49 (+0.20%) METAB: $641.91 (+0.87%) AVGOB: $369.26 (-0.48%) SPCXB: $127.36 (+1.69%) TSLAB: $381.75 (+0.03%) MUB: $849.02 (+0.62%) AMDB: $490.59 (-0.24%) Top gainers on Binance: BANK/USDT (+89%) TLM/USDT (+54%) HOME/USDT (+25%)

Invesco Great Wall Fund Management Co. said its Invesco Great Wall Nasdaq Technology Market Cap Weighted Exchange-Traded Open-End Index Fund (QDII), short name Nasdaq Technology ETF Invesco Great Wall and trading code 159509, will be suspended from the market open on July 20, 2026, and will resume trading at 10:30 that day. According to Jin10, redemption business will continue as usual during the suspension period.

Oracle's $16.5 billion AI data center in New Mexico was hampered by environmental approval issues, forcing it to convert its self-built natural gas power plant into a fuel cell plant, increasing costs by billions of dollars.

In the institutional cycle of 2026, how to identify and plan for the next wave of knock-offs?

SpaceX shares have fallen below their IPO price, down about 40% from their intraday high.

BTC, Crypto Market, Market Trends, Macroeconomic Signals That May Initiate a Bitcoin Bull Market (Golden Finance): Lower-than-expected CPI Boosts Rebound.

This week, 17 blockchain startups completed funding rounds, raising a total of $673.6 million. Crypto.com raised $400 million from Citadel Securities, the largest funding round of the week.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3124, providing you with the latest and fastest news on the digital currency and blockchain industry.

In just a few weeks since its IPO, SpaceX’s market value has evaporated by more than $1 trillion from its peak, and its stock price has fallen below its IPO price of $135.

In this wave of AI infrastructure development, capital is pouring into a sector whose economic logic has not yet been validated at an unprecedented scale and speed, while the market is choosing to price "promises" rather than "reality".

Artificial intelligence, technology, AI Agent: Frontline staff at Silicon Valley AI companies explain the hottest jobs in the AI ​​industry right now (Jinse Finance). Where to plant oranges is crucial.

According to media reports, U.S. Treasury Secretary Bessant participated in drafting a proposal to create an independent AI regulatory agency modeled after the Financial Industry Regulatory Authority (FIR). This agency would be industry-funded, accountable to the SEC, and would allow the technology and finance sectors to jointly participate in the development of security standards.