Trump: Market Very Pleased with Iran Deal, Oil Price May Be Below Pre-War Level

June 17: Per HTX market data, ASTER rallied over 9% in the short term after news that Aster will hike its buyback-and-burn ratio to 198%, now trading at $0.73. Earlier reports stated that Aster unveiled an ASTER tokenomics update, boosting the buyback-and-burn ratio to 198%. Effective at 12:00 UTC today, 99% of Aster’s daily platform fees will go toward repurchasing ASTER, while an equivalent amount of tokens will be burned from reserves—resulting in a 1:1 match for the buyback volume.

June 17: Benchmark has reaffirmed its Buy rating on Coinbase (COIN) following the firm’s Tuesday system update, keeping a $270 price target. At Tuesday’s close, Coinbase shares traded at $169.27, meaning Benchmark’s target implies roughly 59.5% upside. The update turbocharged Coinbase’s “everything exchange” strategy, rolling out tokenized U.S. stocks, stock and crypto options, pre-IPO perpetual futures, prediction markets, AI investment tools, custody and payment infrastructure, consumer financial products, and more. Benchmark analyst Mark Palmer noted: “Yesterday’s update is the clearest sign yet that Coinbase is fast evolving from a cyclical crypto broker to an infrastructure platform bridging the gap between the fast-growing on-chain economy and the traditional financial system.” The Tuesday release also carries major regulatory weight, Benchmark highlighted. Last month, the U.S. Commodity Futures Trading Commission (CFTC) greenlit Coinbase as a regulated futures commission merch

June 17, Aster announced an updated ASTER tokenomics overhaul, boosting its buyback and burn ratio to 198%. Starting today at 12:00 UTC, 99% of Aster’s daily platform fees will fund ASTER buybacks, with an equivalent amount burned from reserves—creating a direct 1:1 buyback-burn pairing. Repurchased ASTER will flow to stakers: each epoch’s buyback sum is added to Loyalty Rewards, which include a base 300,000 ASTER plus the buyback volume, distributed proportionally based on veASTER staking weight. Burns will primarily come from the team’s token allocation. ASTER’s initial total supply is 8 billion tokens; burns will run until supply hits 3 billion. Daily buybacks auto-execute via TWAP, settle on-chain, and are fully publicly verifiable. Additionally, every permissionless-listed project on Aster Spot must pay a $50,000 USDT fee, which goes toward extra ASTER buybacks and supplemental staking rewards.

June 17 (Bloomberg) — Digital bank Revolut will launch services in the United Arab Emirates (UAE) after securing required licenses from the UAE Central Bank, marking its entry into the Middle East market. The UAE Central Bank has approved Revolut’s applications for two key licenses: a stored-value license and a retail payment services license. Revolut said that ahead of its official launch in the UAE, it will first build out local technology infrastructure, operational teams, and on-ground capabilities tailored to the market. Headquartered in London, Revolut is also planning further expansion across the Middle East and North Africa (MENA) region, including potential entries into Turkey and Morocco. Bloomberg reported earlier this year that Revolut has held talks to acquire Turkish digital bank FUPS to launch local financial services there. Once live, Revolut’s UAE users will gain access to its global financial platform, featuring functions like holding and managing multiple currenci

June 17 — CNN reporter Bryan Mena notes that while Powell hasn’t been able to deliver the interest rate cut Trump demanded single-handedly, he’s made it clear the Federal Reserve (Fed) is abandoning business as usual. Powell has brought on two conservative policy veterans as interim advisors to the central bank: Paul Winfree and Daniel Haile. He’s also pointed to “a large number of redundant personnel” at the Fed, hinting at a potential major reshuffle of the roughly 3,000 employees based at the Fed’s Washington, D.C., headquarters. Powell launched a downsizing process last year to align with similar moves across the broader U.S. federal government. On the inflation front, Powell has proposed Fed officials rethink how they measure inflation, shifting focus to the “trimmed mean” inflation indicator. During his April confirmation hearing, he explained these metrics capture “the underlying inflation rate, not one-off price swings from geopolitical events or changes in beef prices.” Wit

On June 17, TrendForce’s latest report indicates that surging demand for AI semiconductors is driving progress in advanced packaging technologies, with Fan-Out Panel-Level Packaging (FOPLP) emerging as the industry’s new competitive battleground. TSMC is currently focused on the CoWoS packaging architecture and has standardized its use of a 310×310 millimeter panel format. 2026 is expected to be a critical validation period for related equipment and material suppliers, with pilot production targeted for 2027 and mass production set for the second half of 2028. Beyond CoWoS, TSMC’s next-phase focus is anticipated to shift to glass core substrates, where commercial-scale production is likely to launch after 2030.