CNN: US Department of Defense Incident Was a False Alarm

June 12: Per Bitget data, the three major U.S. stock indexes expanded their intraday gains: the Nasdaq rose 2%, the Dow Jones added 1.6%, and the S&P 500 gained 1.3%. On the news front, President Trump announced he was scrapping a planned strike against Iran tonight, and will soon unveil the time and location for the signing of the agreement.

On June 12, markets have pushed their bets on the Federal Reserve’s next interest rate hike from this December to January of next year, and no longer fully price in the likelihood of a rate hike occurring this year. (Wall Street 10)

Jun 12 — U.S. President Donald Trump announced: "I have called off the planned strike against Iran for tonight. The naval blockade will remain fully in effect until an agreement is reached, and the time and location for the signing ceremony will be announced shortly."

June 12 — According to Bitget’s data, all three major U.S. stock indexes rallied over 1% following news that President Trump announced he was calling off his planned strike on Iran for tonight. Bitcoin surged more than 1% in a short period, now trading at $63,167. Spot gold climbed $30 in a quick move, breaking above $1,830 per ounce for a 1.4% daily gain. WTI crude oil fell $1 in the short term, while Brent crude’s intraday drop expanded to $4, last changing hands at $89.74 per barrel, down 4.27%. Earlier reports cited President Trump’s statement: “I have called off the planned strike on Iran for tonight. The full sea blockade will stay in place until an agreement is finalized. The time and location of the signing will be announced soon.”

On June 12th, Coinbase announced the launch of Coinbase for Agents, a new tool that allows users to connect AI agents directly to their Coinbase accounts—enabling these agents to act on users’ behalf within set limits, including executing trades, processing payments, and running custom workflows. The product is currently available in MCP and CLI formats, and works with widely used AI agents like ChatGPT and Claude, combining financial reasoning capabilities with hands-on execution power. Within a user’s authorized scope, these AI agents can carry out spot and derivative crypto trades, plus handle tasks such as portfolio rebalancing, limit order placement, and capital efficiency management tailored to users’ specific financial goals. Looking ahead, Coinbase plans to expand Coinbase for Agents to support trading in stocks, index funds, prediction markets, and commodities. The company also intends to add x402 functionality, letting agents make payments for proprietary data, computing r

June 12 — The commander of Iran’s Islamic Revolutionary Guard Corps’ Quds Force stated that the U.S. "talks big about agreements and negotiations on one hand, while carrying out malicious, ill-intentioned actions on the other." This sharp contradiction between America’s words and deeds is the core driver of regional instability, he argued, noting it has put trade security, the global economy, and the safety of all nations at risk—most critically the security of the Strait of Hormuz. The official went on to warn that if the U.S. launches another attack on Iran, it will face a far stiffer response than in past confrontations. The conflict would escalate further, becoming more widespread, and leave the entire region in a state of insecurity. Citing recent U.S. threats to target Iran’s oil infrastructure, he issued a formal declaration: "Either all nations have access to Iran’s oil and gas exports, or no nation does." (FXStreet)