News

According to Odaily, the number of ships passing through the Strait of Hormuz and the strength of their transmitted signals are gradually increasing, although Iran is still effectively blocking most unauthorized commercial vessels. Based on tracking data compiled by Bloomberg, as of Monday, the weekly average of bidirectional transiting vessels has risen to seven, up from five last week. Although this is still far from normal traffic levels, the increase indicates that a small, selective fleet (mainly from non-hostile Asian countries) continues to pass through the port. By allowing friendly ships to pass while restricting Western ships, Iran's blockade has evolved into a powerful economic warfare tool. (Golden Ten Data)

Cardano founder Charles Hoskinson warns that the proposed US digital asset market CLARITY Act may take more than a decade to implement, and could be exploited due to shifts in political power. He believes the bill is complex in its design and focuses solely on the US, neglecting the global regulatory framework, which could result in new projects being defaulted as securities while favoring existing tokens such as Cardano, XRP, and Ethereum. He also points out that after the FTX incident, the US political climate has become increasingly hostile towards cryptocurrencies, and the industry may face prolonged uncertainty.

The new executive team will be responsible for overseeing Barrick’s mining operations and overall seven operating divisions in Nevada, USA and the Dominican Republic.