Headlines

Trump: Cancels Tonight’s Strike on Iran, Will Announce Agreement Signing Time and Location Soon

Trump announced on social media that the planned military strike and bombing operation tonight has been canceled, following the submission of negotiations with Iran to Iran’s Supreme Leadership and its approval. Key terms 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 fully implemented. The signing time and location will be disclosed shortly. (Jinshi)

Iranian Media: High Probability 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 Deal Enters Final Draft Stage, May Be Signed This Weekend

Trump stated regarding the Iran issue: "A great deal has been reached." The relevant documents are now in the final drafting phase, with the agreement possibly signed in Europe, potentially this weekend, attended by U.S. Vice President Vance. Trump added that once Iran signs the agreement, the Strait of Hormuz will reopen. Iran has not responded publicly. (Jinshi)

New York Knicks Complete 29-Point Comeback, Polymarket Once Showed 95% Chance of Spurs Winning

In Game 4 of the NBA Finals, the New York Knicks staged a stunning 29-point comeback to defeat the Spurs, taking the series lead 3-1. During the game, Polymarket displayed a peak probability of 95% for the Spurs winning Game 4. Ultimately, the Knicks completed the reversal, 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 Rise Continuously, Nasdaq Up 3.7%

Boosted by news of a potential U.S.-Iran agreement, U.S. stocks surged during trading hours, with the Nasdaq 100 Index rising to 3.7%, while the Dow and S&P 500 saw gains expanding to 2%.

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

The U.S. Attorney’s Office for the Eastern District of Pennsylvania announced the arrest of Ruslan Tkachuk and Alexander Ledenev over allegations of operating the cryptocurrency 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, they may still account for between $11 billion and $34 billion in transaction volume—representing 12.5% to 31.5% of total U.S. prediction market activity. Polymarket alone could contribute $11 billion to $27 billion. If market share remains stable, U.S. user annual transaction volume in offshore prediction markets could reach $133 billion by 2030. (The Block)

Oracle Pre-Market Drop Over 10%, Capital Expenditure Plan for FY2027 Above Expectations

Oracle (ORCL) dropped over 10% pre-market due to its capital expenditure plan for fiscal year 2027 exceeding market expectations.

SK Hynix Suppliers Request Price Increases Across Multiple Equipment Vendors

According to Korea’s ETNews, multiple first-tier 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 fluctuations. (Jinshi)

Project Updates

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

Coinbase launched “Coinbase for Agents,” enabling AI Agents to create dedicated accounts and sub-accounts for executing trades, fund management, and payments on behalf of users. Users can control AI Agents via natural language commands to perform portfolio rebalancing, trade execution, and strategy implementation. The product builds upon previously launched x402 AI Payment Open Standard and AgentKit infrastructure. (The Block)

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

LG Electronics has selected Ethereum Layer 2 network Arbitrum to develop a new blockchain for digital advertising deployment, purchase, sale, and management, as well as recording user-ad interaction data. Following the announcement, ARB rose over 5% in a single day. This marks LG’s second major blockchain venture, 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 Trading Volume

A Bernstein report forecasts that the 2026 FIFA World Cup could generate up to $10 billion in consumer transaction volume across sports betting and prediction markets, with over $3 billion in incremental capital flow—potentially serving as a pivotal inflection point for platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercialize its CFTC-licensed prediction market exchange Rothera, while Binance and Coinbase are also offering World Cup contracts through strategic partnerships. (Decrypt)

Funding & Investment

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

Canton Network developer Digital Asset 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. Proceeds will accelerate collaboration with institutional partners, M&A activities, and involvement in related projects. (The Block)

Neura Robotics Raises $1.4 Billion, 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 Set Deadline for Agreement: “You’ll Say I Didn’t Meet It”

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

JPMorgan: Bitcoin “Currency Devaluation Trades” Trend Is Accelerating into Retreat

JPMorgan reported that as of the week ending June 5, gold ETFs saw outflows of approximately $20 billion, while bitcoin ETFs experienced consecutive weekly widening outflows for four weeks straight. Institutions are also reducing exposure to gold and bitcoin futures, signaling a rapid retreat of the “currency devaluation trade.” Analysts note that improvement in the crypto market later in the year hinges on clearer dividend policies 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 true global crypto perpetual contracts, bringing global liquidity to U.S. users. He estimates that around 50% of perpetual contract volume currently comes from U.S. users accessing foreign platforms via VPN. This breakthrough enables full connectivity between U.S. and international markets, and he thanked CFTC Chair and SEC Chair Paul Atkins for their support.