BTC falls below the $70000 mark

[HSBC: Supply Disruptions Lead to 'Super Squeeze' in Commodity Markets] According to an HSBC research report, global commodity markets are experiencing a 'super squeeze' due to supply disruptions. If the Strait of Hormuz remains closed for an extended period, global commodity inventories will deplete at an accelerated pace, with prices of certain commodities nearing a tipping point. The Middle East conflict has already impacted aluminum smelting capacity, pushing aluminum prices to a 4-year high; copper prices, supported by a recovery in end-user demand, are approaching $14,000 per ton. Supplies of crude oil, liquefied natural gas, agricultural products, and industrial metals are all facing tightening pressures.

[Santiment: Bitcoin Drops to $70,000, Whale Activity Hits 6-Week High] According to Cointelegraph, Santiment stated that Bitcoin's price has dropped to $70,000, and on-chain whale activity has risen to its highest level in nearly six weeks, with the number of transactions over $100,000 reaching its highest since April 22. Santiment noted that trading activity from large addresses has significantly increased during the recent price pullback.

According to market news, the International Trade Committee of the European Parliament has voted to pass legislation to lift multiple EU import tariffs on US goods, which is a key part of the July 2025 EU US trade agreement.

The real-time CFETS RMB exchange rate index simulated by Bloomberg closed at 101.41 on Tuesday, the highest since September 2022, rising for the third consecutive trading day.

The Specter report states that approximately 19 hours ago, 990 million TSRs were minted and sold off on BNB Chain, with prices dropping by 99%. The attacker exchanged TSR for approximately 2.5 million USDT and transferred it to the Ethereum network via a cross chain bridge, subsequently whitewashing 1285.5 ETH through Tornado Cash. （PeckShieldAlert）