*Trump Sued Over Plan To Sell Fast Access To Truth Social POSTS: BBG
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Trump says US will form ‘AI Force’ and appoint AI czar: Reports
Trump posted on Truth Social that his new project would manage the fast-growing sector without adding regulations that could slow innovation.
Trump-backed AI finance company in talks to sell core business
According to Odaily Odaily, market sources indicate that an AI finance company backed by Trump is in talks to sell its core business.
A summary of the latest situation in the Middle East: Trump approves plan to strike Iran; Iran believes the US will cause peace talks to fail.
BlockBeats reports the following is a summary of the latest situation in the Middle East on July 8th: Conflict Situation: Trump approved the strike plan against Iran. US officials stated that the strike against Iran was a "punitive action, not a reciprocal response," and that the operation "will not end anytime soon." A US official stated that the strike launched by the US against Iran on Tuesday was four to five times larger and more powerful than the strike launched 10 days earlier. The US revoked a general license authorizing the sale of Iranian oil, allowing related final transactions to continue until midnight Eastern Time on July 17th. This move is reportedly in response to Iran's recent firing on three merchant ships in the Strait of Hormuz. The Iranian Foreign Ministry stated that some merchant ships were sailing without coordination and had turned off or tampered with AIS signals, hindering safe navigation in the Strait of Hormuz. It urged regional countries and shipping companies to avoid any actions that violate the memorandum. The U.S. Central Command stated that its forces have initiated a series of powerful strikes against Iran in response to Iranian targeting and attacks on commercial shipping operated by civilian crews in international waterways. Iran's Foreign Ministry condemned the U.S. Treasury Department's revocation of the temporary suspension of sanctions on Iranian oil sales. U.S.-Iran Negotiations: Iranian Foreign Minister Araqchi stated that if the threats persist, negotiations for a final agreement will not begin; please honor your commitments. Iran's Supreme Leader's advisor, Rezaei, stated that it is clear the U.S. will cause the negotiations to fail. Lebanese diplomatic sources indicated that Lebanon refused to hold the sixth round of Lebanon-Israel talks in Rome, insisting that negotiations should continue in Washington. Strait of Hormuz: A liquefied natural gas (LNG) carrier was attacked in the Gulf of Oman. Multiple explosions occurred in the southern Iranian port city of Sirik. Explosions were heard on Qeshm Island and Bandar Abbas in southern Iran. British Maritime Authority: The threat level in the Strait of Hormuz has been raised to "serious".
Trump approved the strike plan against Iran.
According to BlockBeats, on July 8, market sources reported that Trump approved the plan to strike Iran.
Former Tether chief investment officer plans to sell part of his 1.26% stake.
According to Odaily Odaily, former Tether Chief Investment Officer Richard Heathcote plans to sell a portion of his Tether stake, currently holding approximately 1.26%. The report states that PJT Partners is handling the secondary equity sale and is currently in talks with potential buyers. (The Block)
Trump: Short sellers are suffering heavy losses; I've never liked short.
According to BlockBeats, on July 7th, US President Trump stated, "There are some short sellers, they're in big trouble, they're being liquidated. I've never liked short sellers because they're betting against the country."