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 to confirm the U.S.-Iran agreement has been reached. Upon signing this Friday, the Strait will reopen for oil transportation, enabling crude and refined products to flow once again into 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 cited national security authority to issue export control directives requiring the 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 contained a potential narrow-scope, non-generalized jailbreak method. Anthropic complied with the government’s legal directive and revoked 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 wrote that advancing the Cryptocurrency Market Structure Act (CLARITY Act) into law before July 4th would require meeting multiple complex conditions simultaneously: identifying an ethically acceptable solution acceptable to both Republicans and Democrats, resolving issues in agricultural-related provisions, consolidating multiple bills, securing 60 votes in the Senate, and completing full legislative processes in both chambers within two weeks—making this timeline, execution, and legislative rhythm “nearly impossible.”

Industry News

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

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

U.S. CFTC Issues Exemption Waiver to Allow Exchanges to Transition Crypto Futures into True Perpetual Contracts

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

Former SEC Chair Gensler Opposes CFTC’s Claim of Jurisdiction Over Sports Prediction Markets

In a friend-of-the-court brief submitted to the U.S. Sixth Circuit Court of Appeals, former SEC Chair and former CFTC Chair Gary Gensler stated that the Dodd-Frank Act does not grant the CFTC authority to regulate sports betting.

This position directly contradicts current CFTC Chair Michael Selig and prediction market platform Kalshi’s claims. The latter argue that contracts tied to sports events fall under federal jurisdiction, not state-level 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 scheduled between August and 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 found no “critical vulnerabilities” within the Zcash protocol. The audit was commissioned by Shielded Labs, a Swiss nonprofit supporting Zcash development.

On June 3, Zcash developers temporarily paused Orchard transactions following the discovery of a privacy pool vulnerability and restored functionality via an emergency upgrade the same day. The issue stemmed from a four-year-old forgery flaw 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, no unauthorized value creation detected, and user privacy remained intact.

Pudgy Penguins: Officially Shutting Down Mobile Game Pudgy Party

Pudgy Party’s official team announced on X that they are officially shutting down the mobile game Pudgy Party and halting further development. Pudgy Party had launched at number one on the App Store and achieved over 1 million downloads.

The team emphasized 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

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

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

1. United States: Bullish on all “futurist” narratives, such as $SPCX, with low sensitivity to valuation and greater focus on imagination and potential.

2. Europe: Weak emphasis on AI infrastructure development, with time horizons focused on performance over the past 12 months (noting Belgium’s performance as decent, while monitoring France and Sweden).

3. South Korea: High-leverage “Degen” style, extreme market volatility resembling “50x Hyperliquid traders entering the stock market” with intense, leveraged volatility structures.

4. Japan: Generally more moderate and supportive, with fewer aggressive short or bearish expressions.

Serenity added that data on other regions like Latin America remains insufficient, but she plans to continue observing and expanding insights in the future.