Gate.io Launches INIT Perpetual Contract Pre-trading

June 20 – Per Fox News, U.S. Vice President Mike Pence stated there is no evidence Iran is still blocking the Strait of Hormuz, and noted that mine-clearing operations in the strategic waterway will take some time.

June 20: U.S. Vice President Mike Pence told Fox News that U.S. Special Envoy to Iran Jeffries and Jared Kushner — President Trump’s son-in-law — have arrived at the site for negotiations with Iran. The talks are expected to take place this Sunday, Pence noted. He added that the Iran negotiations are progressing smoothly, and the two sides plan to head to Switzerland in the coming days. “We are confident that we can maintain the ceasefire,” Pence stated.

June 20 – Iran’s Mehr News Agency reports that the Chief of Staff of Iran’s Armed Forces announced the Strait of Hormuz will be closed to maritime traffic, citing alleged violations of the ceasefire memorandum by the U.S. and Israel.

On June 20, a report from the Financial Times notes that Iran’s Ports and Maritime Organization has issued a directive requiring all vessels to obtain an organization-approved insurance policy to transit the Strait of Hormuz. The coverage is currently free of charge under the timeframe of the U.S.-Iran memorandum of understanding, though the organization may start charging premiums in the future. The official document is now circulating among shipping industry management bodies. Per the directive’s wording: “All vessels must hold a valid insurance policy approved by the Persian Gulf Ports and Maritime Organization.” While the insurance is currently provided at no cost, the organization explicitly states it “reserves the right to impose premiums moving forward.”

On June 20th, PeckShield monitoring detected a flash loan attack targeting the OLPC/LABUBU liquidity pool on PancakeSwap over the BNB Chain, resulting in approximately $1.1 million in losses. Following the breach, the attacker transferred the stolen funds to the Ethereum network. They deposited 633.4 ETH into Tornado Cash, while sending 0.0221 BNB and 0.0411 ETH to an unusable blackhole burn address.

On June 20, Serenity published a post noting that many innovative viewpoints often face intense skepticism in their early stages—especially original investment theses, which tend to spark market controversy. The investment thesis surrounding AXTI once encountered widespread opposition, leading to the stock being banned from Reddit’s WallStreetBets (WSB) forum. At the time, the market widely viewed the company as a "suspicious concept stock," but subsequent confirmations from Reuters, industry reports, and research from multiple institutions gradually validated its true competitive position. Additionally, Serenity highlighted several other cases: AAOI, LITE, RKLB, HOOD, IQE, SOI, NBIS, NTC, MRVL, AEHR, and EWY. It emphasized that each of these investment logics faced market skepticism at different stages before being validated to varying degrees by fundamental performance or market outcomes. In the long term, the market remains the ultimate arbiter of right and wrong. As each investme