BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Bank of America advises investors to hedge against further gains in the S&P 500, warning that the recent rally is losing momentum and may see a "three-wave correction" before September. Bank of America technical strategist Paul Ciana projects the S&P 500 could fall as low as 6,850 points, roughly 8% below current levels. He cautioned that even if the index hits a new high, it could be a "false breakout" ahead of a larger pullback.

According to U.S. financial media Semafor, a source familiar with the matter revealed that the Trump administration has held discussions with SpaceX (SPCX.O) regarding donating stocks to a children's savings account called the "Trump Account," which is expected to launch next week. The report notes that any such donation would solidify the ongoing reconciliation process between Elon Musk and Trump—their relationship had once broken down last year. It remains unclear whether Musk has agreed to donate any SpaceX stock to the "Trump Account," or what form the donation would take. (Jinshi)

A spokesperson for Iran’s Ministry of Foreign Affairs stated that Iran’s top priority at present is ensuring the implementation of all terms of the memorandum of understanding (MOU). Regarding U.S. commitments under Article 10 of the MOU related to allowing Iran’s oil exports, the U.S. has issued the necessary permits, and Iran is following up on implementation progress. As for Article 11 concerning the unfreezing of Iran’s frozen assets, relevant implementation procedures are also underway. This week, Iran will send a technical delegation to Qatar to consult on the MOU’s implementation, including Article 11. The spokesperson noted that Iran has not yet launched negotiations on a final agreement. According to Article 13 of the MOU, the prerequisite for initiating such final negotiations is that Articles 1, 4, 5, 10, and 11 have been implemented and are being consistently carried out. In addition, the spokesperson emphasized that Iran will not hold any level of negotiations with the U.S. in the coming days. U.S. representatives’ trip to Qatar has no connection with the Iranian technical delegation’s current visit; the purpose of the Iranian delegation’s trip is to follow up on the MOU’s implementation, including Article 11. (Jinshi)

Spokesperson for Iran's Ministry of Foreign Affairs: An Iranian technical delegation will visit Qatar this week to discuss the implementation of a memorandum of understanding. There are no plans to hold negotiations with the United States in the coming days.

Iran's Deputy Foreign Minister stated that, under the Islamabad Memorandum, only Iran has the right to conduct mine-clearing operations in the Strait of Hormuz. He warned France against intervening in any such actions, noting that this would further complicate the already sensitive situation.

Blockchain analytics firm Chainalysis has released a blockchain tracking ontology proposal aimed at establishing industry standards for on-chain address clustering and tracking. The document breaks down "clusters" (address groups) into finer structures like "wallet segments" and proposes a two-layer framework: the first layer builds address relationship graphs, while the second layer marks the credibility of analysis, to help law enforcement and procuratorial bodies determine whether the data can be used in case handling. Chainalysis drew on its practical experience in the U.S. Department of Justice’s money laundering case against Roman Sterlingov, co-founder of mixing service Bitcoin Fog. A judge in the case ruled its Reactor tool was "highly reliable" following a Daubert hearing. The company emphasized that on-chain analysis alone cannot directly identify end users’ identities, requiring coordination with offline information such as court subpoenas, and called on the industry to conduct independent reviews and provide feedback on its methodologies.