Coinbase CEO: The crypto market is likely on the eve of the next bull run right now.

US Treasury Secretary Scott Bessent said a press conference on Iran-related economic sanctions will be held next Monday to discuss relevant actions. He noted that maximum economic pressure on Iran means military operations may not be restarted, adding that the oil market has misunderstood the implications of such economic pressure.

According to Bitget's market data, spot silver rose 2% intraday, currently trading at $68.34 per ounce after earlier falling 2%. New York silver futures gained 2% intraday, now at $68.48 per ounce.

US Treasury Secretary Bessent stated that the repo market is a thinly traded segment, with the size of repo operations potentially exceeding the $40 billion announced. U.S. Treasury yields do not reflect fundamentals, and liquidity in the 30-year bond sector is particularly poor.

US Treasury Secretary Bessent said the fiscal announcement may be released this weekend or early next week. "We are 'very likely' to have seen the fiscal deficit peak," he noted, adding that interest rates are unrelated to repo decisions.

Starbucks has cut 104 positions as part of a restructuring initiative aimed at boosting growth, while laying off employees who declined to relocate to the company’s new office in Nashville, the U.S. The firm will terminate employment with roughly 120 staff members who refused to move from Seattle to the Nashville hub, which is projected to eventually accommodate around 2,000 employees. Under CEO Brian Niccol’s leadership, Starbucks plans to slash $2 billion in costs over two years, including streamlining its corporate structure, and has already eliminated more than 2,300 corporate roles since last year.

Morgan Stanley believes that after gold prices break through $4,450 per ounce, they are on track to surpass $5,000 by 2027 or even earlier. The bank stated that an improving macroeconomic environment is boosting demand for gold ETFs, as market expectations of Federal Reserve interest rate hikes gradually fade and the U.S. dollar weakens. Strong central bank buying and robust physical gold demand have further supported gold prices. Despite elevated long-term yields, gold prices remain resilient, which also reflects growing investor concerns over fiscal risks—including high government debt and potential currency devaluation risks. Morgan Stanley forecasts that the Federal Reserve will hold interest rates steady until 2026, but warns that upcoming U.S. inflation data and Federal Reserve officials’ remarks could exacerbate market volatility.