The Iranian Side Proposes 14-Focus "End the War" Negotiation Plan, Bitcoin Surges Then Retreats

On May 3, Xinhua News Agency reported that Iranian media disclosed on the 2nd the latest peace proposal Iran recently sent to the U.S. via intermediary Pakistan. The 14-point proposal centers on "ending the war." Iran is awaiting an official U.S. response. Key provisions of the proposal include: ensuring no further military aggression; U.S. troop withdrawal from areas around Iran; lifting the maritime blockade; unfreezing Iran’s frozen assets; paying compensation; removing sanctions; achieving peace across all fronts (including Lebanon); and establishing a new management mechanism for the Strait of Hormuz. Through this proposal, Iran has set a firm "red line" and "presented a clear roadmap to end this imposed conflict." Per HTX market data, Bitcoin briefly surged above $79,000 this morning before retreating from its high. It is currently trading at $78,660, up 0.65% over the past 24 hours. Total liquidations across the entire crypto network in the last 24 hours reached $157 million, with $39.01 million in long positions and $118 million in short positions liquidated.