Australian Prime Minister Anthony Albanese described an alleged bank data breach as a “serious issue”, linked to claims that a former EY employee illegally accessed a politician’s banking information. Assistant Treasurer Dan Mulino released a consultation paper proposing tougher oversight of accounting, auditing and consulting firms, with a focus on conflicts of interest, partnership limits and audit surveillance. EY declined to comment. Two suspects have been charged and the case has been adjourned to August 25.

California’s gasoline tax will rise by 2.2 cents per gallon on Wednesday to about 63 cents per gallon, keeping it the highest in the United States. The change is a routine adjustment required under the 2017 SB 1 law’s annual inflation mechanism. President Donald Trump urged retailers on Truth Social to cut prices and warned against price gouging, while Gov. Gavin Newsom’s office pushed back by citing Trump’s earlier remarks about benefiting from higher oil prices. Sen. Adam Schiff blamed high gas costs on U.S.-Iran hostilities, though CNN said California’s heavy tax burden is also a major factor, and the state’s retail gas price is currently the nation’s second-highest behind Hawaii.

Cotton futures ended June higher, with contracts up 22 to 43 points even after the USDA put spring cotton plantings at 9.85 million acres, above trade ideas of 9.6 million and the March figure of 9.64 million. The July contract settled at 72.22 cents per pound. Crop Progress data showed 9% of fields setting bolls and conditions at 48% good/excellent, down 5 percentage points on the week, with Texas ratings falling 14 points. Crude oil slipped $0.82/bbl to $69.83 and the U.S. dollar index rose $0.118 to $100.995.

President Donald Trump warned gasoline retailers they could face “big problems” if they do not quickly lower pump prices, arguing crude oil has fallen to $68 a barrel. He urged stations to aim for around $2.50 a gallon and accused some operators of price gouging. The national average price for regular gasoline is $3.91 per gallon, down for a fifth straight week. Forecasts for 2026 average oil prices were lowered to $84.50 a barrel for Brent and $79.49 for WTI after a U.S.-Iran ceasefire agreement and the reopening of the Strait of Hormuz.

Dish DBS, the parent of Dish Network, has filed for Chapter 11 bankruptcy protection and is winding down its Dish Wireless business. The move follows regulatory pressure from the FCC that the company said hindered its 5G buildout and forced it to sell wireless spectrum to AT&T and SpaceX at a low price, though the transactions have not closed as planned. Dish DBS said it could not repay $2 billion of senior secured notes maturing July 1 as a result. The filing does not include Dish Network, Sling TV or Hughes, which are continuing to operate normally.

近1700名英国投资者在伦敦高等法院起诉币安及其创始人赵长鹏，索赔至少1.5亿英镑（约2亿美元），指控其自2019年底起向零售用户非法销售高风险杠杆加密衍生品。原告称因产品设计缺陷及缺乏适当风险披露而蒙受重大损失。本案为英国首起针对全球头部加密交易所的集体诉讼，直指其本地化合规缺口，可能影响Binance在英业务存续及用户资金安全预期。

Bitcoin Improvement Proposal BIP-110 would use a soft fork to invalidate large arbitrary data associated with protocols such as Ordinals and Runes, and would also disable some Taproot scripting features including OP_IF, affecting Miniscript wallets and certain legacy script types. Critics say that after activation, some wallets could still generate and receive to addresses based on now-banned scripts, even though the resulting BTC could become permanently unspendable. They also point to more than 1.7 million BTC held in pay-to-public-key (P2PK) outputs, arguing the proposal could introduce temporary freezes or theft risks under some conditions. The proposal is expected to force activation starting at block 961,632, projected for August 2026, while current miner and node support is described as thin.

An author argues that the Iran conflict has severely damaged Middle East infrastructure, disrupted shipping through the Strait of Hormuz, and left U.S. strategic reserves nearing depletion, raising the risk of gasoline shortages in July. The piece says that a substantive contraction in global crude supply would deepen a recession and curb demand, pulling oil prices below $40 a barrel, drawing a comparison to the 2020 pandemic shock. It also cites disruptions to Qatar’s LNG exports as an additional strain on energy supply chains.