According to BlockBeats, on July 2, AXIOS reported that the United States attempted to persuade Iran to abandon its "passage fee" mechanism in the Strait of Hormuz during the Doha negotiations.

According to BlockBeats, on July 2nd, Europe's years-long efforts to regulate the crypto industry reached a key milestone on Wednesday. With the official end of the final transition period for the Crypto Asset Market Regulation Act (MiCA), one of the world's most comprehensive crypto asset regulatory frameworks has been fully implemented. Currently, market attention is focused on how the end of the MiCA's final transition period will impact users, crypto companies, and the market as a whole.

For leading institutions in the industry, the answer is relatively clear. Cryptocurrency exchanges that have obtained MiCA licenses can operate throughout the EU under a unified regulatory framework; while those without licenses must gradually withdraw from the EU market or restrict their services to EU clients. However, judging from cryptocurrency trading volume data, the actual impact of MiCA on most users may be relatively limited.

On the other hand, according to the provisional MiCA registration list published by the European Securities and Markets Authority (ESMA), as of last week, 244 authorized crypto asset service providers (CASPs) had completed registration. Trezor's Chief Commercial Officer (CCO), Danny Sanders, stated that prior to the implementation of MiCA, "there were over 3,000 crypto asset service providers operating under the regulatory systems of various European countries."

According to BlockBeats, on July 2nd, analyst Andrew Sacher stated that weeks after Federal Reserve Chairman Warsh's first appearance at the June FOMC meeting, the market is still debating his stance—is he a hawk or a dove? Warsh's position is particularly important given the internal disagreement within the FOMC regarding whether to raise interest rates or maintain them. The Sintra meeting will provide a new opportunity to reassess his position.

Sacher argues that Warsh is first and foremost a politician, and his remarks at the FOMC meetings were balanced—a strategy we expect to employ similarly in Sintra. Given his focus on price stability, his comments are likely to lean hawkish, aiming to reassure a significant portion of the committee who want the Fed to demonstrate its independence from Trump through rate hikes.

Warsh’s actions to date—such as setting up five working groups to examine key issues for the Federal Reserve—have bought time for the next steps.