The Iranian delegation has refused to continue negotiations with the United States in Switzerland

June 22. This week, the market’s primary focus will center on the U.S.-Iran talks and their knock-on effects. Early Monday morning, reports of a U.S.-Iran “talks collapse” triggered market jitters, though names like SK Hynix trimmed their opening losses shortly after, helping ease the panic. Looking ahead, the market will keep a close eye on how these negotiations progress in the days ahead. Elsewhere, U.S. PCE data and earnings from AI bellwethers like Micron will shape how the market assesses the sustainability of the AI investment boom. Key scheduled events this week: - Thursday at 4:00 AM ET: The Federal Reserve will release results of its annual bank stress tests. - Thursday at 8:30 AM ET: U.S. economic data for the week ending June 20 (initial jobless claims), plus May’s Core PCE Price Index YoY, Personal Spending MoM, Durable Goods Orders MoM; and revised Q1 metrics: Real GDP Annualized QoQ, Real Personal Consumption Expenditures QoQ, and Core PCE Price Index QoQ. - Friday at 3

On June 22, Taiko announced via the X platform that its on-chain state verification mechanism has been compromised, rendering the security assumptions of all cross-chain bridges deployed on Taiko unreliable. Taiko stated it is coordinating with its Security Committee and ecosystem partners to manage the situation, has suspended affected systems, and is taking both technical and legal actions. The project is strongly advising all users to immediately withdraw all funds from cross-chain bridges operating on Taiko. Furthermore, Taiko is urgently requesting all centralized exchanges to suspend TAIKO token deposit services until further official notice. For context, the Taiko ERC20 Vault was previously exploited in an attack that resulted in losses exceeding $1 million.

June 22 — According to data from Token Unlocks, several crypto projects are set to face significant one-time token unlocks this week, with over $50 million worth of tokens being released across four platforms. Breakdown of the unlocks: - Humanity (H): 266 million tokens will unlock on June 25, valued at roughly $54.77 million, equal to 9.41% of its circulating supply. - MegaETH (MEGA): 250 million tokens will unlock on June 23, worth approximately $13.54 million, representing 32.83% of its circulating supply. - Sahara AI (SAHARA): 1.03 billion tokens will unlock on June 26, valued at around $14.75 million, making up 30.1% of its circulating supply. - Plasma (XPL): 88.89 million tokens will unlock on June 25, worth roughly $10.42 million, accounting for 3.56% of its circulating supply.

June 22 — Per Iran’s Tasnim News Agency, Iran’s Foreign Ministry spokesperson announced the negotiating team has wrapped up its work, though the technical team will continue operations.

June 22 saw the Nikkei 225 Index rise 1% intraday to 71,967.41 points, marking an all-time high, according to data from Bitget.

June 22 — The "AI Doomsday Report" from Citrini Research projects hyperscalers will more than double their bond issuance in 2027-2028 compared to current market expectations, primarily to support AI data center construction. Against this backdrop, AI-related debt issuance for 2026 is already expected to reach nearly $570 billion. Hyperscalers are shifting away from relying on cash reserves toward greater reliance on the bond market to fund their capital expenditures, which are projected to exceed $600 billion.