Headlines

Trump: Cancels Tonight's Strike on Iran, Agreement Signing Time and Location to Be Announced Soon

Trump announced on social media that the planned strike and bombing operation tonight has been canceled, following the submission of negotiations with Iran to Iran’s Supreme Leadership, which has approved the terms. Key points of the agreement have received preliminary approval from the U.S., Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, and other parties. Maritime blockade will remain in place until the agreement is formally implemented, with signing time and location to be disclosed shortly. (Jinshi)

Iranian Media: High Likelihood of Text Approval by Iran

According to Fars News Agency, given that the U.S. has accepted Iran’s proposed text, the likelihood of approval by Iranian authorities is high, though no official final response has been issued yet. (Jinshi)

Trump: U.S.-Iran Agreement Enters Final Drafting Stage, Likely to Be Signed This Weekend

Trump stated regarding the Iran issue, "A great deal has been reached," with related documents now in the final drafting phase. The agreement may be signed in Europe, potentially this weekend, with Vice President Vance attending. Trump added that once Iran signs the agreement, the Strait of Hormuz will reopen; Iran has not yet responded. (Jinshi)

New York Knicks Complete 29-Point Comeback, Polymarket Once Showed 95% Odds for Spurs Victory

In Game 4 of the NBA Finals, the New York Knicks completed a stunning 29-point comeback to defeat the Spurs, leading the series 3-1. During the game, Polymarket showed Spurs winning Game 4 at a peak probability of 95%, but the Knicks ultimately pulled off the upset, resulting in significant losses for prediction market participants.

Industry News

Iran Foreign Ministry: Strait Still Closed

The Iranian Foreign Ministry spokesperson stated that due to illegal U.S. actions, the Strait of Hormuz remains closed, and vessels should proceed with caution, as safe passage conditions do not currently exist. (Jinshi)

U.S.-Iran Deal Near Completion, Stocks Surge, Nasdaq Rises 3.7%

Stocks surged during the session amid news of an imminent U.S.-Iran agreement, with the Nasdaq 100 index rising 3.7%, while the Dow and S&P 500 saw gains expand to 2%.

U.S. Department of Justice: Two Men Arrested for Money Laundering Over $389 Million via Cryptocurrency

The U.S. Attorney’s Office for the Eastern District of Pennsylvania announced the arrest of Ruslan Tkachuk and Alexander Ledenev over alleged operation of the crypto money laundering service AudiA6. Since its launch in 2021, the service has received approximately 10,333 BTC, valued at over $389 million, with at least $19.23 million directly originating from darknet markets, ransomware, and other illicit sources. Related servers, domains, and Telegram accounts have been seized and frozen through coordinated international law enforcement actions.

Report: U.S. Users May Contribute Up to $34 Billion in Offshore Prediction Market Volume

A report by consulting firm Crane Zeng indicates that despite offshore prediction market platforms theoretically blocking U.S. users, American users may still account for $11 billion to $34 billion in trading volume—representing 12.5% to 31.5% of total U.S. prediction market activity—with Polymarket alone potentially contributing $11 billion to $27 billion. The report forecasts that if market share remains constant, U.S. user annual trading volume in offshore prediction markets could reach $133 billion by 2030. (The Block)

Oracle Drops Over 10% Pre-Market Amid Higher-than-Expected Capital Expenditure for FY2027

Oracle (ORCL) dropped over 10% pre-market due to its FY2027 capital expenditure plan exceeding market expectations.

SK Hynix Suppliers Seek Price Increases

According to South Korea’s ETNews, multiple Tier-1 equipment suppliers for SK Hynix have requested price increases of 3% to 4%, a rare move typically seen only among raw material and component suppliers responding to cost volatility. (Jinshi)

Project News

Coinbase Launches Coinbase for Agents, Enabling AI Agents to Trade and Pay on Behalf of Users

Coinbase launched “Coinbase for Agents,” creating dedicated accounts and sub-accounts for AI Agents, enabling them to execute trades, manage funds, and make payments on behalf of users. Users can control AI Agents via natural language commands to perform portfolio rebalancing, strategy execution, and other investment tasks. The product builds upon previously launched x402 AI payment open standard and AgentKit foundation. (The Block)

LG Electronics to Develop New Blockchain on Arbitrum, ARB Rises Over 5%

LG Electronics has chosen Ethereum L2 network Arbitrum to develop a new blockchain for digital ad placement, purchase, sale, management, and user-ad interaction tracking. Following the announcement, ARB rose over 5% in a single day. This marks LG’s second venture into blockchain, after previously launching enterprise blockchain Monachain and Art Lab NFT marketplace. (The Block)

Bernstein: 2026 World Cup Expected to Generate Up to $10 Billion in Prediction Market Volume

Bernstein report estimates the 2026 FIFA World Cup will generate up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital—potentially marking a turning point for platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercialize its CFTC-licensed prediction market exchange Rothera, while Binance, Coinbase, and others are offering World Cup contracts through partnerships. (Decrypt)

Funding & Investment

Digital Asset Completes $355 Million Financing, Led by a16z crypto

Digital Asset, developer of the Canton network, announced a $355 million equity financing round led by a16z crypto, with participation from Abu Dhabi Investment Authority subsidiary, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, and SBI Group. Funds will accelerate collaboration with institutional partners, M&A activities, and project involvement. (The Block)

Neura Robotics Secures $1.4 Billion Financing, Led by Tether

Neura Robotics announced a $1.4 billion funding round led by Tether Investments, with participation from Nvidia, Qualcomm, Amazon, and others. The company plans to produce 5 million AI-driven humanoid robots by 2030, each equipped with a digital wallet linked to Tether, enabling autonomous receipt of work compensation and electronic payments. (Coindesk)

Voices

Trump Rejects Deadline for Agreement: If Set, You’ll Say I Didn’t Deliver On Time

When asked about a deadline for finalizing the agreement with Iran, Trump said: “I don’t want to set a deadline because then you’d say I didn’t deliver on time. But it won’t matter much—because the agreement will be signed.” (Jinshi)

JPMorgan: Bitcoin “Currency Devaluation Trade” Trend Reverses Accelerating

JPMorgan reported that as of the week ending June 5, gold ETFs experienced outflows of approximately $20 billion, while bitcoin ETFs have seen progressively widening outflows for four consecutive weeks. Institutions are also reducing their exposure to gold and bitcoin futures, indicating that the “currency devaluation trade” is rapidly fading. Analysts note that improvement in the crypto market in the second half of the year still hinges on clear dividend arrangements from crypto treasury firms and potential approval of the Clarity Act. (The Block)

Coinbase CEO: Coinbase Approved to Launch Global Crypto Perpetual Contracts in the U.S.

Coinbase CEO Brian Armstrong posted that Coinbase has been approved as the first platform in the U.S. to offer genuine global crypto perpetual contracts, bringing global liquidity to U.S. users. He estimated that around 50% of perpetual contract volume currently comes from U.S. users accessing overseas platforms via VPN. This breakthrough enables full connectivity between U.S. and international markets, and he expressed gratitude to CFTC Chair and SEC Chair Paul Atkins for their support.