🔸 Traders placed $430 million in bets on falling oil prices just 15 minutes before Trump announced a ceasefire extension with Iran, per Reuters.

🔹 S&P 500 and Nasdaq close at record highs after Trump extended the Iran ceasefire indefinitely, with strong corporate earnings adding to the rally.

🔸 Sam Bankman-Fried's FTX would have held $114B in assets today if lawyers hadn't sold off top positions like Anthropic, Solana, and SpaceX.

🔹 Naval Ravikant launches USVC, a venture fund open to everyone with just a $500 minimum, offering exposure to top AI startups like OpenAI, Anthropic, and xAI.

🔸 Florida has launched a criminal investigation into OpenAI and ChatGPT following reports the AI was used by a suspect in the Florida State University shooting, according to Reuters.

🔹 The American Bankers Association has requested 60 more days to comment on rules tied to the GENIUS Act stablecoin bill, potentially delaying implementation.

🔸 Coinbase has listed GBP-backed stablecoin tGBP globally, expanding access to local currency stablecoins and pushing UK crypto adoption.

🔹 MoneyGram and Stellar extended their partnership to expand real-world stablecoin utility globally.

🔸 UK FCA carried out its first crackdown on illegal peer-to-peer crypto trading, raiding 8 London sites with HMRC and organized crime units.

🔹 Russia passed a first reading of a bill regulating digital currency via licensed intermediaries, opening the door to penalties for unlicensed activity.$XRP #news_update