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According to Irans Mehr News Agency: Preliminary reports indicate that Iran launched an attack on a US missile launch site in Kuwait.On July 12, local time, US President Trump stated that the US had launched a "fierce strike" against Iran the previous night. In an interview that day, Trump claimed that the US and Iran had reached an agreement the previous day, and Iran was "prepared to give up everything," but hours later, a ship was attacked by a drone. The US military stated that after an attack on a merchant ship in the Strait of Hormuz, the US military launched a new round of strikes against approximately 140 Iranian military targets. This is the third US strike against Iran in a week. There are differing opinions regarding the navigation status of the Strait of Hormuz. Irans Persian Gulf Straits Authority announced on social media on July 12 that the Strait of Hormuz is currently impassable. Trump, however, stated, "As far as the United States is concerned, the Strait of Hormuz remains open."Market news: British Prime Minister-designate Andy Burnham plans to expand the autumn budget. British officials are considering releasing the budget in October.July 12 – As part of a “political strategy” adjustment, Ukrainian President Volodymyr Zelensky is considering replacing the country’s prime minister. With Ukraine preparing for winter amid ongoing threats of Russian attacks, he may nominate a state-owned energy company executive or a former prime minister to succeed him. According to sources, Zelensky is considering appointing Sergei Koletsky, head of the state-owned oil and gas company, or former prime minister and current energy minister Denis Shmyhal for the position. Zelensky met separately with Koletsky and Shmyhal on Sunday and received briefings. He has invited current prime minister Yulia Sviridenko to “take charge of new and important areas with key partners” and thanked her for her “clear, robust, and efficient work” over the past year. Zelensky also met with officials including the mayor of Kharkiv and the defense minister. Zelensky stated that winter preparations are of paramount importance, Ukraine needs to be prepared for any threat, and the transformation of state-owned enterprises must be accelerated.On July 12, 2026, the head of the Asian Department of the Ministry of Foreign Affairs issued a statement regarding the Japanese Foreign Ministers hype surrounding the tenth anniversary of the "South China Sea arbitration ruling" and Japans joint statement with other countries. The Chinese side urgently summoned the chief minister of the Japanese Embassy in China to lodge a solemn representation, expressing strong dissatisfaction and protest. China pointed out that Japan bears historical responsibility for the South China Sea issue and has not yet settled accounts, and has no right to make irresponsible remarks. Japans egregious words and actions challenge the post-war international order and international rule of law, adhere to double standards, distort facts, undermine peace and stability in the South China Sea, and violate the common interests and wishes of regional countries. This has aroused historical vigilance and strong indignation from the international community, including China, regarding Japans aggression and colonial atrocities since modern times. China will resolutely and forcefully counter Japans provocations and firmly defend its territorial sovereignty and maritime rights. China also lodged a strong protest regarding the Taiwan issue, Japans abandoned chemical weapons, Japanese parliamentarians unwarranted comments on Chinas ethnic policies, and a series of negative developments in Japans military and security.

ETH Bulls Eye $1,650 on Justin Sun’s Bullish Stake on Shanghai Upgrade

Skylar Shaw

Feb 27, 2023 16:10

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On Saturday, Ethereum (ETH) decreased by 0.81%. Friday saw ETH lose 2.60% and finish the day at $1,595. For the third time in ten hours, ETH fell below $1,600 during the negative session.


After a divided morning, ETH reached a peak of $1,609 early on. ETH declined to a late low of $1,558 after failing to pass through the First Significant Resistance Line (R1) at $1,657. Before finishing the day at $1,595, ETH momentarily breached the First Significant Support Line (S1) at $1,567.


Bitcoin (BTC) decreased by 0.09% on Saturday. Bitcoin finished the day at $23,178, down from Friday's closing price of $3,133%. Bitcoin fell below $23,000 for the second time in ten hours during the negative session. BTC's loss run now stands at five periods, which is the second of the year.


Bitcoin reached a morning peak of $23,223 despite the day's uneven start. Bitcoin fell to a late low of $22,810 after failing to pass the First Significant Resistance Level (R1), which is located at $23,942.

 However, Bitcoin found late support to finish the day at $23,178, avoiding the First Significant Support Line (S1) at $22,665.

The Fed and the G20 Take Priority Over Shanghai's Improvement

The Ethereum community is very active right now because the Shanghai update is scheduled for February 28. Although there is disagreement in the market regarding how the Shanghai update will affect ETH, Justin Sun, the creator of Tron (TRX), has taken an optimistic stance and staked 150,100 ETH on Lido (LDO).


According to Cryptoquant data, ETH pledging payments increased significantly on Saturday. The graph below displays the 150,100 ETH influx that was a component of the February 25 198,560 ETH staking outflows.