US Stock Futures Dive Further

On May 3, according to Onchain Lens monitoring, Sky Mavis co-founder Rune has closed out short positions in WTI Crude (CL) futures, Brent oil, and the S&P 500 Index, incurring a total loss of over $735,000.

Per Wu Jinyan Monitor, Bio Protocol has rolled out staking for BIO’s new token sale over the past two days—with BIO subsequently surging more than 100%. Following BIO’s sharp rally, the Bio Protocol multisig wallet transferred 80 million BIO (roughly $5.15 million) to Binance and OKX 8 hours ago.

May 3rd — Tasnim News Agency has shared key details of Iran’s 14-point response to the U.S.’s 9-point proposal, which include: 1. U.S. assurance of non-aggression 2. U.S. military withdrawal from around Iran 3. Ending the naval blockade against Iran 4. Unfreezing Iran’s frozen assets 5. Payment of war reparations 6. Lifting sanctions on Iran 7. Ending fighting across all fronts (including Lebanon) 8. Establishing a new mechanism for the Strait of Hormuz The U.S. put forward a two-month ceasefire proposal, but Iran has confirmed all issues must be resolved within 30 days — shifting the focus from extending the ceasefire to fully ending the war.

**May 3 – U.S. President Donald Trump said in a Florida airport interview on the evening of May 2 (Eastern Time) that a U.S. airstrike against Iran is possible.** **In a tweet, Trump noted he will soon review Iran’s latest proposed deal but “cannot imagine” it is “acceptable,” adding Iran has “not paid a big enough price” yet. Earlier that day, before boarding Air Force One, Trump said he would later explain Iran’s latest proposal.** **Earlier reports from Iran indicated Tehran had submitted a 14-point proposal via Pakistan in response to the U.S.’s prior 9-point proposal. (Forexlive)**

On May 3, Iran’s Fars News Agency reported in a May 2 dispatch that Senior Commander Sardar Asadi of the Iranian Armed Forces’ Hatam Anbia Central Headquarters stated the likelihood of another U.S.-Iran conflict is high, but Iran is fully prepared. Asadi noted there is evidence the U.S. does not abide by any agreements, and U.S. officials’ actions are more a public relations ploy to prevent oil prices from falling and extricate Washington from the predicament it has created. Asadi added the Iranian Armed Forces are ready for any “adventurous and foolish actions” the U.S. may take.

On May 3, Xinhua News Agency reported that Iranian media disclosed on the 2nd the latest peace proposal Iran recently sent to the U.S. via intermediary Pakistan. The 14-point proposal centers on "ending the war." Iran is awaiting an official U.S. response. Key provisions of the proposal include: ensuring no further military aggression; U.S. troop withdrawal from areas around Iran; lifting the maritime blockade; unfreezing Iran’s frozen assets; paying compensation; removing sanctions; achieving peace across all fronts (including Lebanon); and establishing a new management mechanism for the Strait of Hormuz. Through this proposal, Iran has set a firm "red line" and "presented a clear roadmap to end this imposed conflict." Per HTX market data, Bitcoin briefly surged above $79,000 this morning before retreating from its high. It is currently trading at $78,660, up 0.65% over the past 24 hours. Total liquidations across the entire crypto network in the last 24 hours reached $157 milli