Crude Oil Retreats, Global Stocks Rally, Trump Says US and Iran May Reach Peace Agreement
June 12 (Reuters) – U.S. President Donald Trump scrapped a planned military strike on Iran for the third straight day Wednesday and teased that a "peace deal could be on the horizon," triggering sharp moves across global financial markets that sent oil prices sliding and equities rallying.
International benchmark Brent crude tumbled more than 1% to around $89 a barrel. U.S. West Texas Intermediate (WTI) crude slid roughly 1% to settle at $87 a barrel. Markets are now laser-focused on whether shipping risks through the Strait of Hormuz have cooled; the strategic chokepoint carries roughly one-fifth of global oil trade.
In equities, Asian markets jumped sharply. South Korea’s KOSPI index surged more than 8%, Japan’s Nikkei 225 gained nearly 4%, while markets in mainland China, Hong Kong, and Taiwan posted broad gains. U.S. stock futures also advanced, reflecting a revival in investor risk appetite.
Meanwhile, U.S. average gasoline prices edged down to $4.13 a gallon, but still hover n
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Yesterday, the US Spot Bitcoin ETF experienced a net outflow of $22.5 million, while IBIT saw an inflow of $30.3 million.
June 12 – According to Farside’s monitoring, net outflows from U.S. spot Bitcoin ETFs totaled $22.5 million yesterday. The detailed breakdown is as follows:
- IBIT: $30.3 million net inflow
- FBTC: $5.5 million net outflow
- BITB: $13.1 million net outflow
- ARKB: $27.2 million net outflow
- HODL: $0.148 million net outflow
- MSBT: $2.2 million net inflow
- BTC: $5.6 million net inflow
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Binance Launches bStocks Tokenized Stock: Trade US Stock Exposure with as Low as 0.01 USDC
On June 12, Binance announced the launch of bStocks—its tokenized stock products—on the exchange’s Convert feature, allowing eligible non-U.S. users to trade U.S. stock exposure starting at a minimum equivalent of 0.01 USDC.
Per official details, bStocks are 1:1 tokenized securities pegged to actual U.S. stocks, backed by underlying equities held by a regulated custodian. The product enables 24/7 fractional trading for users.
Binance clarified the offering is limited to users in specific compliant jurisdictions, issued under a prospectus approved by the Financial Services Regulatory Authority (FSRA) and operating in line with the Abu Dhabi Global Market (ADGM) regulatory framework. Importantly, bStocks do not grant direct stock ownership; they exist solely as financial instrument certificates.
Users can trade via the Binance App or its web-based Convert module: select the target bStock and complete the purchase. Binance stresses the product is restricted to compliant users and may a
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Trump Threatens Military Action, Multiple Countries Urgently Intervene; Iran Agreement Negotiation Reportedly "Close to Completion"
June 12 — A new Politico report, citing multiple unnamed sources, details developments in U.S.-Iran tensions that followed U.S. President Donald Trump’s earlier declaration of readiness for “tough military action” against Tehran. Leaders from Qatar, the United Arab Emirates (UAE), and Pakistan quickly reached out to the White House to urge de-escalation, assuring U.S. officials that a preliminary peace agreement with Iran was on the verge of being finalized.
The report notes that Qatar’s emir, the UAE’s president, and Pakistan’s military leadership all participated in urgent, behind-the-scenes talks, emphasizing that ongoing negotiations had made steady, phased progress. This push prompted Trump to adjust his public stance, telling audiences via social media and White House statements that “an agreement could be signed this weekend.”
Trump further claimed in these remarks that the U.S. and Iran had reached a preliminary consensus on a “war resolution solution,” with the full document
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Trump Says He Will Sign US-Iran Agreement: Strait of Hormuz Could Reopen Immediately and Toll Cancelled
WASHINGTON, June 12 — The United States and Iran have reached a memorandum of understanding (MOU), multiple diplomatic sources and U.S. officials confirmed Tuesday, with President Donald Trump expected to sign the deal in the coming days.
Core terms of the agreement include the immediate reopening of the Strait of Hormuz, elimination of transit fees, and gradual relief from U.S. sanctions on Iran contingent on Tehran’s compliance. The MOU extends the current bilateral ceasefire by 60 days, a timeline designed to facilitate a new round of nuclear negotiations. While the framework addresses Iran’s enriched uranium stockpile, final details for Iran’s nuclear program will be ironed out in a subsequent, more detailed phase of talks.
Diplomatic sources note the MOU text has been approved by senior Iranian leadership, but lacks final political endorsement. Iran’s Foreign Ministry has stated no final decision on the deal has been made.
Under the draft, the U.S. will lift sanctions increment
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Avalanche Treasury Plunges 16% on Listing Day, Putting Pressure on the Crypto Asset Treasury Concept
June 12 marked the official Nasdaq debut of Avalanche Treasury Company, trading under the ticker symbol AVAT. However, the stock faced immediate selling pressure on its first day, closing at $1.85—down 16% from its opening price.
The listing was structured as a merger with special purpose acquisition company (SPAC) Mountain Lake Acquisition, with the total transaction size reaching roughly $675 million. The deal counts on backing from leading institutions including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital, and Kraken.
Avalanche Treasury holds approximately 15 million AVAX tokens, with the goal of letting investors gain exposure to the Avalanche ecosystem without owning its native coin directly. CEO Bart Smith emphasized that the strategy is not focused on short-term price bets, but on long-term potential tied to institutional financial restructuring.
Since its launch in 2020, the Avalanche ecosystem has drawn over 550 projects and more than $1 billion in institutio
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