U.S.-Iran Ceasefire Lapsed with No Deal | CoinDesk Daily

**Uyen Truong** (0:00)
The Strait of Hormuz freezes as the Iran Seaspire lapses, and Trump is set to huddle with crypto's top CEOs at the White House. This is CoinDesk Daily.
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The 60-day US-Iran Seaspire expires today with no deal, and shipping through the Strait of Hormuz is nearly frozen.
Traffic on the waterway is off about 90% from before the war began in February. The restraint that normally carries a bit of the world's oil. Tehran says it struck a deal with Amman to reopen the waterway, but only if the US lifts its naval blockade. Goldman Sachs says a September Fed rate hike is very unlikely, a potential tailwind for Bitcoin, which has traded in a narrow range since early July. Cheap economist Jan Hatsias lowered the odds after soft retail sales and jobs stayed up. He told clients that market pricing for rates is still too hawkish. Traders now see just a 30% chance of a hike at the next meeting, according to CME FedWatch. President Trump is expected to attend a White House meeting Wednesday with a room full of crypto CEOs. The chief executives of Coinbase, Ripple, Gemini, Robinhood, Polymarket and Caoshi, all sit on a new Innovation Advisory Committee at the CFTC. They'll gather at the White House before their first official committee meeting Thursday. The backdrop is the Stalled Clarity Act. Further action may hinge on whether Trump accepts tighter ethics rules. Get more updates on coindesk.com. RealFi, a smarter stablecoin backed by real world assets. Join the testnet now at realfi.co.