1. Trump announces a Middle East deal is imminent, causing a major dip in oil prices and the bond market.
2. The U.S. Navy is back in the game, providing escort in the Strait of Hormuz, helping about 10 vessels transit.
According to (Wall Street Journal), the U.S. Navy has resumed escorting vessels through the Strait of Hormuz. A Greek supertanker carrying 2 million barrels of crude has received protection in waters near the coast of Oman, heading to India for delivery. This marks the relaunch of the 'Freedom Plan'. Military officials state that over the next few days, they plan to assist around 10 vessels through these waters, including supertankers and container ships. -Original
3, Citi analysts say the market is underestimating the Fed's rate cut potential; a weak labor market and slowing inflation make cuts more likely.
Citi analysts state that the market may have misjudged the expectations for Fed rate hikes, which could potentially reflect rate cut expectations again in the coming weeks or months. They believe that while falling energy costs support keeping rates steady, a weak labor market and slowing inflation make rate cuts a more likely next step.
4, Micron Technology surged 9.4%, with its market cap breaking $1 trillion for the first time, and UBS raised its target price to $1,625.
5, Strive just bought an additional 1,109 BTC, bringing their total holdings to 16,500 BTC, with a quarterly return rate of 11%.
Asset management firm Strive has bought an additional 1,109 BTC, with a total transaction value of about $85.4 million, at a price of approximately $76,988 per coin. The company’s total Bitcoin holdings now stand at 16,500 BTC. So far this quarter, the return rate is at 11.0%, and the year-to-date return rate is 23.4%, with a BTC yield multiplier of 45.2%.
6, Hong Kong will establish a licensing system for virtual asset advisors and asset management services, aiming to submit a legislative proposal by 2026.
The Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission released a consultation summary, confirming that they will set up a licensing system for virtual asset advisors and management service providers. The new framework is designed based on the Securities and Futures Ordinance, Class 4 and Class 9 business scopes, and incorporates anti-money laundering and counter-terrorist financing regulations, with an aim to submit a legislative proposal by 2026. Along with the trading and custody licensing arrangements, Hong Kong will form a regulatory framework covering the entire virtual asset chain, encouraging relevant institutions to communicate early with the SFC regarding licensing matters.
7, StablR got hit by hackers: exploited a 1-of-3 multisig wallet vulnerability, overissued $13.5 million in tokens, cashing out $2.8 million.
According to CoinDesk, StablR was exploited by hackers using the Ethereum 1-of-3 multisig wallet vulnerability, pausing the minting and redemption of USDR and EURR, and asking exchanges to halt trading and withdrawals of both tokens. The attackers compromised a single private key to set themselves as the admin and overissued around 8.35 million USDR and 4.5 million EURR, valued at about $13.5 million at peg pricing, with actual cash out being approximately $2.8 million. This incident led to insufficient collateral for both tokens, with USDR briefly decoupling to around $0.994 and EURR dropping to about $0.548.
8, Just before the HYPE surge, a whale closed their short position, ultimately losing nearly $7 million.
That’s the hot picks from the last 24 hours, for faster news, download AiCoin (aicoin.com).