The decentralized prediction market World.xyz announced that it will migrate from Solana to Robinhood Chain. World.xyz has been launched on the Phantom wallet and official website, supporting users to trade cryptocurrency prices and event contracts such as the 2026 World Cup. Chainlink is used as the main oracle infrastructure, and Phantom stablecoin is used as the settlement asset.

On July 8th, WTI crude oil futures prices rose 7.49% to $75.717 per barrel, Brent crude oil futures prices rose 7.88% to $80.006 per barrel, and the main domestic SC crude oil futures contract rose 7.00% to $487 per barrel. US President Trump stated in Ankara that the US may strike Iran's civilian infrastructure and attempt to control Hark Island. The prospect of a 60 day ceasefire agreement between the United States and Iran is uncertain, and the passage of oil tankers through the Strait of Hormuz has been largely suspended.

In this week's Crypto Long & Short, FalconX’s Gaspar Martin writes that BTC is reaching a market bottom and is poised for a turnaround.

According to Israel's "New News" newspaper, an Israeli official said that Israel has raised its state of alert to the highest level to prevent a recurrence of war with Iran.

According to TASS News Agency, a senior Iranian source stated that Iran has officially suspended negotiations with the United States on a final solution due to the threat from the United States.