Odaily Odaily News Sources in the United States indicate that the actual expenditure on US military operations against Iran could be as high as $100 billion, far exceeding the $31 billion figure officially disclosed by the US government. According to these sources, an internal assessment by the US Department of Defense shows that the actual costs incurred in the military operations against Iran range between $80 billion and $100 billion. The significant discrepancy compared to the previously announced figure is primarily because the earlier estimate did not cover undisclosed operational expenses, the loss of advanced fighter jets, and the severe damage inflicted on US military facilities in the Middle East. The cost of rebuilding US military bases damaged by Iranian strikes alone may exceed $30 billion. (CCTV News)
Odaily reported that U.S. President Trump stated in a post that one of the biggest drivers of future employment is data centers. They are massive, powerful, and also serve as "money-making machines" for their host states. For political reasons, New York State Governor Kathy Hochul has halted all data centers under construction or planned in New York State. These companies are now seeking to establish themselves in Alabama, Florida, Texas, Arizona, and many other states. Tax revenue and job opportunities are like liquid gold! New York State has made a terrible decision. All of this revenue and other benefits will flow to red states and some blue states that welcome data centers as cash cows, where taxes are lower and record employment opportunities are being created. New York State should immediately change its policy. (Jinshi)
Odaily Odaily reports that Base founder Jesse Pollak published a review of the past two years of development, acknowledging that his previous bet on on-chain native social was a mistake. He stated that social directions like Farcaster, Zora, Miniapps, and creator coins have failed to become the core drivers of crypto adoption, and as a result, Base has fallen behind some competitors in areas such as perpetual contracts, prediction markets, tokenization, and payments.
Pollak stated that going forward, Base will position itself as the "blockchain for global finance," focusing on three key directions in 2026: trading, payments, and AI agents. Specifically, trading will cover tokenized stocks, Meme coins, and application tokens; payments will revolve around global stablecoins for individuals and businesses; and AI agents will leverage cryptocurrency as the native money for computers, serving participants in the future large-scale machine economy.
Furthermore, the Base application will be handed back to the Coinbase team, with Cobie taking over to drive it forward, and it may expand beyond the Base ecosystem. Pollak also stated that Base will continue to support developers through Base Layer, Base Batches, the ecosystem fund, and Coinbase distribution resources.
According to MSX.COM data, SpaceX has fallen below its IPO price of $135 for the first time.
Odaily Odaily Planet Daily News: Iran's Foreign Ministry spokesperson stated that Iran currently has no negotiation plans, and the current focus is on carrying out defensive operations. (Jinshi)
Odaily reported that according to a notice from the U.S. Securities and Exchange Commission, the rule change submitted by the New York Stock Exchange on July 6 has taken immediate effect, increasing the position limit and exercise limit for options on BlackRock's Bitcoin spot ETF, IBIT, from 250,000 contracts to 1 million contracts. This adjustment is intended to meet the growing trading volume of IBIT options and to enhance market liquidity and market makers' trading capabilities.
Odaily News: According to market sources, Anthropic plans to hold IPO investor meetings in the coming weeks. (Jin10)
Odaily reports that perpetual contract DEX Ostium has confirmed an anomaly in its OLP vault. The platform has paused all trading, and the team is currently investigating the issue.
Odaily: When asked whether he had spoken with Trump, Fed Chairman Walsh responded "no comment," declining to share the content of their conversation. He stated that President Trump has not attempted to influence the Fed's policy execution, and if Trump tried to influence policy, he would handle it calmly and focus on his own work. "I wouldn't feel uncomfortable receiving a call from Trump or the chairman of the Banking Committee. The president has never asked me to do anything improper, and even if he did, I wouldn't do it," he said. (Jin Shi)
