Trump Seeks Bitcoin Clarity Amid Rising Tensions

US President Trump has urged Congress to pass the Bitcoin Clarity Act, stating that China is seeking full control over cryptocurrencies. This comes as tensions between the US and China continue to rise.

In a separate announcement, Trump revealed that the Hormuz Strait will remain open, but proposed a 20% compensation fee for any ships passing through it. The US military has also implemented a maritime blockade in the region, set to begin on July 15.

The Federal Reserve's likelihood of raising interest rates in July has increased to 45%, with one official stating he is not interested in symbolic rate increases. Meanwhile, spot gold prices have fallen below $4,000 per ounce for the first time since July 1, dropping over 2.8% intraday.

Bolivia is considering incorporating USDT into its national payment system to alleviate dollar shortages. This move could have significant implications for the country's economy and financial stability.

According to a recent report from Bitmine Immersion Technologies, its holdings of Ethereum (ETH) have increased by 27,801 coins, with a total value of over $900 million.