Trump Sends Kushner, Witkoff to Qatar for Talks with Iran

JPMorgan Says The Real Threat To Bitcoin Isn't Strategy (MSTR), It's Private Blockchains Authored by Micah Zimmerman via BitcoinMagazine.com, Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them. In a report led by managing director Nikolaos Panigirtzoglou (ZH: available here for professional subscribers), the bank argued that Strategy is not the main structural threat to the asset.  The company sold 3,588 bitcoin for $216 million in early July to cover...

Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed Authored by Irina Slav via OilPrice.com, Oil prices are tumbling as tankers stream out of the Strait of Hormuz, but most of that traffic is stranded vessels finally allowed to leave, not new supply heading in. Iran struck a commercial ship near Oman this week even as the 60-day U.S.-Iran ceasefire holds and markets keep pricing in a supply glut. The U.S. strategic petroleum reserve is at its lowest level in four decades, and China may resume buying once it stops selling off...

Trump Delays Iran Attack Deadline By Another Ten Days Summary Iran rejects US plan but says diplomacy continues (indirectly, apparently) - White House, Pentagon reviewing options for 'final blow' as Trump tells Iranians 'get serious' about talks. Hegseth: we'll "negotiate through bombs". Trump asserts Iran is begging for a deal. Trump extends energy destruction 'deadline' to 10 days - oil slides & almost immediately rebounds. Trump touts "present" of several tankers allowed by Tehran through Strait, while at the same time warning Tehran of 'no turning back' if it doesn't negotiate. Cabinet meeting hails 'successes'...