News

Golden Ten Data reported on June 25 that Oman reiterated that future arrangements for the Strait of Hormuz will not involve transit fees. Justin Low, an analyst from US financial website investinglive, stated that the market is currently calm and needs some time to evaluate the so-called reopening of the Strait of Hormuz. At present, the waterway remains strictly controlled by Iran. However, vessel tracking data shows at least some improvement compared to previous weeks. Institutions such as Kpler, ASXMarine, and Windward AI estimate that about 30 to 40 ships pass through the strait each day on Monday and Tuesday. So far, at least 7 Qatari LNG carriers are traversing the strait, along with several large oil tankers and commercial vessels. Nevertheless, the Hormuz Strait tracking system indicates that on Tuesday, no crude oil tankers (via the AIS system) left the strait. Most of the tankers passing through the strait this week belong to Iran, as sanctions have been lifted. Therefore, whether fees are imposed on the strait is actually irrelevant. The key point is that passage remains under strict control, which is the only thing that matters. At present, there is basically no such thing as free navigation, far from the level claimed by Trump. Nevertheless, it is hard to blame him for merely putting on a show. All of this is simply to maintain an illusion and continue buying time.

Marvell's new CFO Daniel Durn reduced his holdings by 2,250 shares of Marvell stock, valued at 632,000 US dollars. Marvell’s former CFO Willem Meintjes filed with the US Securities and Exchange Commission (SEC) to sell 207,329 common shares, expected to cash out 60.13 million US dollars, with the average transaction price at 290.03 US dollars per share.

According to Odaily, on-chain data shows that Tom Lee's Bitmine BMNR has just purchased an additional 35,138 ETH, worth 58.65 million US dollars.