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G7 Official: US-Iran Understanding Memo Could Be Signed as Early as Sunday

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June 12 — G7 officials said the memorandum of understanding between the U.S. and Iran could be signed as early as this Sunday, with Geneva serving as the venue. (FXStreet)
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China Securities Regulatory Commission: Approved the IPO Registration of Changxin Technology

On June 12, the China Securities Regulatory Commission (CSRC) announced that it has approved the initial public offering (IPO) application for shares of Changxin Technology Group Co., Ltd.

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JPMorgan Chase: Raises Qualcomm Price Target from $160 to $230

On June 12, JPMorgan Chase announced it hiked Qualcomm’s (QCOM.O) target price to $230 from $160, while cutting Adobe’s (ADBE.O) target to $250 from $330. (FXStreet)

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Iran Says No Commitment Made to Transfer Control of Strait of Hormuz

June 12 (IRNA) — Iran is telling the Islamic Republic News Agency that it has not made any commitments under a memorandum of understanding (MOU) with the U.S. to cede control of the Strait of Hormuz. The future management of the strategic waterway, which is critical to global energy trade, will instead be handled as a regional matter via dialogue and joint decision-making between Iran and Oman, per Iran’s statement. The existing MOU does not include any nuclear-related agreements, Iran added, noting that nuclear negotiations are set to take place within 60 days of the memorandum’s signing.

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Circle has transferred 4.397 billion USDC to Coinbase via HyperEVM

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Daily transactions on #Tron surpassed 14.3M, setting a new all-time high!

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Barclays: Raises Oracle Price Target from $240 to $250

June 12: Barclays lifted its Oracle (ORCL.N) price target to $250, up from $240, and cut Adobe's (ADBE.O) target to $250 from $275. (FXStreet)

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