Headlines

U.S.-Iran Agreement Confirmed, Crypto and Gold Surge, Oil Plummets

This morning, U.S. President Trump, Iran’s Deputy Foreign Minister, and Pakistani Prime Minister all posted confirmations that the U.S.-Iran agreement has been reached. Upon signing Friday, the Strait will reopen for oil transportation, enabling crude flows to resume across the region and globally. As a result, crypto and gold prices surged while oil plunged.

Anthropic: Suspends All Customer Access to Fable 5 and Mythos 5

The U.S. government invoked national security authority to issue export control directives requiring suspension of access to Fable 5 and Mythos 5 for all foreign nationals, including Anthropic’s foreign national employees. To ensure compliance, Anthropic must disable all customer access to Fable 5 and Mythos 5; all other Anthropic models remain unaffected.

U.S. government-provided oral evidence indicated the model contains a potential narrow-scope, non-general jailbreak method. Anthropic complied with the legal directive by revoking all user access to Fable 5 and Mythos 5 but disagrees with the decision to recall already-deployed commercial models due to the discovery of a narrow-scope potential jailbreak. The company is actively working to restore access as soon as possible.

Insight: CLARITY Act Passage Before July 4th Now “Nearly Impossible”

Crypto journalist Eleanor Terrett stated that advancing the Cryptocurrency Market Structure Act (CLARITY Act) into law before July 4th would require fulfilling multiple complex conditions simultaneously: identifying an ethically acceptable solution acceptable to both Republicans and Democrats, resolving issues in agricultural-related clauses, consolidating multiple bill provisions, securing 60 votes in the Senate, and completing full legislative procedures in both chambers within two weeks—making this timeline, execution process, and legislative rhythm “nearly impossible”.

Industry News

Poll: Trump’s Support Among Rural U.S. Voters Drops to 50%, Lowest in His Presidency

According to a Reuters/Ipsos poll, President Trump’s support among rural U.S. voters has dropped to 50%, marking his lowest level since taking office, down from 60% in February 2025.

U.S. CFTC Proposes Exemption to Enable Futures Exchanges to Transition to True Perpetual Contracts

The U.S. Commodity Futures Trading Commission (CFTC) Market Regulation Division announced the issuance of exemption letters to Designated Contract Markets (DCMs), permitting them to convert existing “pseudo-perpetual” digital commodity futures contracts into true perpetual futures contracts for cryptocurrencies. This policy extends prior regulatory clarity and explicitly applies to digital commodities such as Bitcoin, which feature deep, active, and continuously traded spot markets.

Former SEC Chair Gensler Opposes CFTC Jurisdiction Over Sports Prediction Markets

Former SEC Chair and former CFTC Chair Gary Gensler submitted an amicus brief to the U.S. Sixth Circuit Court of Appeals stating that the Dodd-Frank Act does not grant the CFTC authority to regulate sports betting.

This position directly contradicts the claims made by current CFTC Chair Michael Selig and prediction market platform Kalshi, who argue that sports-event-linked contracts fall under federal jurisdiction rather than state gambling regulation.

Project Updates

MSX Founder: SpaceX $SPCX First VC/CVC Unlock Window Expected on July 24

MSX founder Bruce J posted on X that the majority of SpaceX $SPCX VC and CVC unlock timelines have now been disclosed. His accompanying graphic indicates the first unlock window is expected on July 24, with subsequent windows distributed throughout August to December.

Zcash Founder: Claude Mythos Audit Found No Critical Vulnerabilities

Zcash founder Zooko Wilcox posted on X that the security audit conducted by Anthropic’s Claude Mythos AI model did not uncover any “critical vulnerabilities” within the Zcash protocol. The audit was initiated at the request of Shielded Labs, a Swiss nonprofit supporting Zcash development.

On June 3, Zcash developers temporarily suspended Orchard transactions following the discovery of a privacy pool vulnerability, later restoring functionality via an emergency upgrade. The issue stemmed from a four-year-old forged vulnerability in the Orchard privacy pool, identified by security researcher Taylor Hornby with assistance from Anthropic’s Claude Opus 4.8 model. The Zcash Foundation stated there is no evidence the vulnerability was exploited, nor was unauthorized value creation detected; user privacy remains intact.

Pudgy Penguins: Officially Shutting Down Mobile Game Pudgy Party

The Pudgy Party official team announced on X that they are officially shutting down the mobile game Pudgy Party and halting further development. Pudgy Party launched with top ranking on the App Store and has surpassed 1 million downloads.

The team noted that their web-based game, Pudgy World, demonstrates superior scalability, narrative potential, and user acquisition capability, with rapid growth. It will serve as the core flagship product within the Pudgy Penguins universe, with the team fully dedicating resources to its future development.

Voices from the Community

“White-Haired Stock Guru” Serenity Summarizes Regional Investment Stereotypes: U.S. Skews Toward Future Narratives, Europe Emphasizes Resource Constraints

“White-Haired Stock Guru” Serenity summarized observed regional market style differences on X:

1. United States: Bullish on all “futurist” narratives, such as $SPCX, indifferent to valuation metrics, prioritizing imaginative potential.

2. Europe: Less focused on AI infrastructure build-out, with time horizons anchored in the past 12 months’ performance (noting Belgium’s relatively strong showing, while monitoring France and Sweden).

3. South Korea: High-leverage “Degen” style, extreme market volatility akin to “50x Hyperliquid traders entering the stock market,” creating highly volatile structures.

4. Japan: Generally moderate and supportive, with few aggressive short-selling or bearish expressions.

Serenity added that data on Latin America and other regions remains insufficient for analysis, but further observation and updates will follow.