Closed-End Fund Holding SpaceX Stock Plunges

June 12. Donald Trump had been counting on this weekend as a pivotal political win: The World Cup returns to the U.S. on Friday for the first time in 32 years, a UFC boxing match on Sunday aligns with his 80th birthday—with thousands of guests expected at the White House—and he’s set to travel to the G7 Summit in France afterward. His Thursday announcement of a potential “final war agreement” between the U.S. and Iran by the weekend sent market expectations soaring to a fever pitch. On Friday, Iran’s semi-official Mehr News Agency published a detailed draft of a 14-point memorandum of understanding (MOU) between the two countries; Trump later refuted the draft in a public social media post. Ali Vaez, Iran Project Director at the International Crisis Group, analyzed that Trump’s tough rhetoric on Iran is aimed at appeasing domestic hardliners, while his true priority is securing a “victorious exit” from tensions with Tehran. Vaez also revealed that behind the scenes, mediation

June 12: SpaceX’s opening price dropped from a high of $175 to $162, per market sources.

June 12 — Per HTX market data, Bitcoin rebounded to clear $64,000, currently trading at $64,087.49. Meanwhile, several U.S. tech stocks advanced; Bitget market data shows Arm rallied 10%, AMD and Intel each gained 5%, and Qualcomm notched a 4.8% rise.

June 12: Crypto key opinion leader (KOL) Ansem stated, “Trading low-circulation, high fully diluted valuation (FDV) coins that run on hype has been a practice for over a decade, and that’s exactly what prepared me for this day. This asset’s circulating supply makes up just 4% of its total supply, with narratives focused on artificial intelligence and interstellar travel. The KOL orchestrating the pump-and-dump here is none other than top streamer Musk.”

June 12 — U.S. Vice President Kamala Harris clarified that widespread misinformation is circulating about a potential deal to reopen the strait and end Iran’s nuclear weapons program. Iran has not received any cash payments, nor will its funds be unfrozen simply by signing the agreement or attending the meeting.

June 12 – Iranian Foreign Minister Araghchi stated that the Iran Nuclear Deal has never been closer. Under Iran’s responsible and transparent approach, all details will be shared with the public at an appropriate time. Until a final agreement is reached, the media is urged to refrain from speculating on the deal’s contents.