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```htmlGolden Ten Data reported on June 30 that the rally sparked by the Iran situation quickly reversed, as the market expects previously disrupted Middle East supplies to resume. Aluminum prices are heading towards their largest monthly drop since 2008, having already plunged over 15% in June. The temporary ceasefire agreement between the US and Iran generated optimism, as the reopening of the Strait of Hormuz is expected to restore goods transportation in the Middle East, wiping out gains from the previous three months. Like other metals, aluminum prices have also been impacted by the rapid strengthening of the US dollar since mid-May, making dollar-priced metals more expensive for most buyers. Additionally, expectations that the Federal Reserve will need to maintain high interest rates for a longer period, or possibly raise rates further to curb inflation, are weighing on demand prospects.```

According to Odaily, monitored by Onchain Lens, a certain whale has fully closed its SOL short positions, realizing a loss of over $4.84 million. Overall, this whale has accumulated losses of over $7.7 million.

Foresight News reports that Cardano wallet service provider SecondFi has released an update on the progress of its security incident recovery. EMURGO has established an asset recovery fund to return assets to users affected by the attack. Currently, SecondFi has secured and made part of the assets accessible through emergency measures, and the team is discussing a suitable custody mechanism with Intersect to ensure safe returns. In addition, the team is working with a Cardano community-led working group to advance the on-chain recovery plan. As this plan is more complex than previously anticipated, the recovery timeline may exceed the originally estimated two weeks.