Odaily Planet Daily reports that when asked whether Iran would be willing to "restore complete freedom of navigation in the Strait of Hormuz," US President Trump stated that he would not allow Iran to charge any fees. "It has to be (freedom of navigation), I'm not going to let them charge. If anyone wants to charge, it will be us charging, we are the ones with complete control," Trump said. "We have something called a blockade. We haven't even discussed charging, there won't be any charging." (Jin Shi)

Odaily Planet Daily reported on August 3rd local time that US President Trump, answering reporters' questions at the White House, stated that negotiations with Iran are currently underway. Trump stated that the first phase of the negotiations with Iran is the opening of the Strait of Hormuz, and the second phase is denuclearization. Trump stated that the US is firm on this point, and Iran cannot possess nuclear weapons. Furthermore, Trump revealed progress in the negotiations regarding the opening of the Strait of Hormuz. Trump stated that the Strait of Hormuz could reopen no later than tomorrow. He also stated that the negotiations are being conducted at Iran's request, with the support of Saudi Arabia, the UAE, Qatar, and several other countries. He said that originally, "the US was going to launch a fierce attack on Iran, more powerful than any previous attack," but then Iran called, and Saudi Arabia, the UAE, and Qatar also called. Iran didn't want to be attacked, so they said they wanted to negotiate and discuss the Strait of Hormuz issue. Trump said, "This is Iran's last chance." Trump also stated that he would not allow Iran to charge fees for ships passing through the Strait of Hormuz. (CCTV News)

Odaily Planet Daily reports that the S&P 500 has broken through 7600 points for the first time since June 3, currently up 1.5%, just about 20 points away from setting a new record high. (Jinshi)

According to court documents, 25 U.S. states have filed lawsuits against the U.S. government's latest tariff measures, according to Odaily Planet Daily. The New York Attorney General announced that 25 Democratic-led states filed a lawsuit against the U.S. government that day. These states argue that the president's latest round of tariffs on goods from 60 trading partners exceeds the legal authority to impose tariffs on imported goods. The Attorney General stated that the new tariffs are merely replacements for tariff measures already rejected by the U.S. Supreme Court. He argues that the new tariffs are unlawfully broad and bypass legally mandated investigative procedures targeting specific countries. (CCTV)

An FBI agent, Patrick Yaroch, was arrested last Friday for allegedly stealing approximately $1 million in crypto assets from "hostile crypto accounts." According to an affidavit filed on August 1, Yaroch is suspected of transferring the assets starting in late 2024 or early 2025. Yaroch told investigators that he discovered keys that allowed him to transfer funds from digital wallets to himself. He stated that he was frustrated by his inability to further prevent individuals associated with "hostile nations" from using cryptocurrency and made approximately a dozen transfers. Department of Justice documents show that Yaroch admitted to a Department of Justice employee that he had "made some very bad decisions" regarding crypto wallets. In another interview with federal agents, he also admitted that he "messed up." Yaroch was previously a supervising special agent in the FBI's counterintelligence and espionage division and had also worked at the FBI's Boston field office. The FBI dismissed him on July 31. The investigation also stated that Yaroch mixed his personal funds with crypto assets and used ChatGPT to inquire about how to handle these funds, including how to spend or invest $1 million and whether to leave the United States for a European country.