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Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.

Industry

Hanwha Philly Shipyard wins contract for U.S. \'Golden Dome\' missile defense support ship

Hanwha Philly Shipyard will build a key support vessel to be used in the United States\' \'Golden Dome\' missile defense programme. The U.S. Maritime Administration on July 17 announced the signing of a contract to build a sea-based missile test instrumentation vessel, or MRIV, at a naming ceremony for the fourth National Security Multi-Mission Vessel. The MRIV will be delivered in phases starting in 2030.

Crypto

DTCC begins live securities tokenisation trading with 40 firms including JPMorgan

U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.