TRUMP unlocked 40 million tokens 5 hours ago, equivalent to around 300 million US dollars

Tom Lee, chairman of BitMine – which holds Ethereum’s largest treasury – stated in a post that cryptocurrencies are a high-volatility asset class, with multiple macro headwinds currently weighing on Bitcoin and Ethereum. These headwinds include expectations of Federal Reserve interest rate hikes, ongoing uncertainty surrounding the CLARITY Act, AI FOMO, and private credit’s impact on capital flows. Still, he noted that bullish factors for the crypto market persist: tokenization is a mega-trend, crypto operates as a downstream segment of AI, money is becoming digital and software-based, and current market sentiment is extremely poor, possibly near the "pain peak".

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.