Odaily reported on the 15th that Trump stated during the G7 summit in Évian-les-Bains, France, that restoring navigation in the Strait of Hormuz would "not need much (external) help." Trump made these remarks during a meeting with French President Macron. Earlier on the same day, Macron said that multiple European countries are ready to participate in escort operations in the Strait of Hormuz. The G7 consists of the United States, the United Kingdom, France, Germany, Italy, Canada, and Japan. France holds the rotating presidency of the G7 this year. This year's G7 summit is being held in Évian-les-Bains, France, from the 15th to the 17th. (Xinhua News Agency)

According to OKX market data, JTO briefly rose above $0.8 and is currently trading at $0.78, with an intraday increase of over 45%.

Odaily Planet Daily News: Trump stated that he may or may not participate in the signing of the Iran agreement. U.S. Vice President Vance will go to sign the agreement, and the text of the Iran agreement will be released sometime after Friday. Sanctions on Iran will not be lifted until Iran fulfills its obligations. (Jin Shi)

Odaily reports that Trump stated the Strait of Hormuz was fully reopened on Friday. All agreements have been signed, and importantly, oil prices have dropped significantly while the stock market is rising. (Jinshi)

Odaily Planet Daily News A U.S. federal judge on Monday dismissed a lawsuit filed by Elon Musk's artificial intelligence company xAI against rival OpenAI, which accused OpenAI of stealing trade secrets. U.S. District Judge Rita Lin in San Francisco, California, stated that xAI failed to prove that OpenAI induced former xAI engineer Xuechen Li to misappropriate trade secrets, nor did it prove that xAI's trade secrets were disclosed during a presentation made by Li while OpenAI was recruiting him. The judge said allowing xAI to proceed with the lawsuit would be "futile." She had previously dismissed an earlier version of the lawsuit in February of this year. (Jin Shi)

Odaily reported that according to 8Marketcap data, SpaceX has surpassed TSMC with a market cap of $2.327 trillion, ranking 8th among global assets, temporarily trailing Amazon ($2.65 trillion). Bitcoin's current market cap stands at $1.34 trillion, up 4.47% in 24 hours, rising to 16th place in the global asset rankings.

Odaily Odaily reports that recent market concerns have been growing around Strategy (MSTR) potentially falling into a "death spiral sell-off," triggered by Bitcoin's price briefly dropping to around $60,000 and sparking discussions about the stability of its leveraged treasury model. However, Wall Street firms such as Benchmark and TD Cowen have released reports explicitly refuting this bearish narrative and maintaining a "Buy" rating on Strategy.

Benchmark analyst Mark Palmer stated that the "death spiral" hypothesis overlooks multiple buffer layers. Before any large-scale Bitcoin sale, the company would first need to deplete approximately $1 billion in cash reserves for dividend payments, while its current Bitcoin reserve of around $55 billion also provides a strong cushion. STRC is a class of perpetual preferred stock designed to maintain a price of approximately $100 and offer a floating annualized yield of around 11.5%. Analysis suggests that this mechanism forms a cycle of "yield demand → financing → BTC accumulation," positioning it as the core capital engine of Strategy's long-term treasury model.

TD Cowen further pointed out that even during significant Bitcoin pullbacks, the STRC structure has exhibited relatively low volatility, helping to stabilize the capital structure. It positioned the instrument as a "yield and capital preservation tool" rather than a purely high-risk speculative vehicle. However, there are also critical voices in the market suggesting that this structure could create a risk mechanism akin to a "negative feedback loop," potentially triggering asset sell-off pressure under extreme circumstances. (The Block)

Senior US official: Details of the US-Iran Memorandum of Understanding to be released within 24 to 48 hours. Odaily reports that a senior US official stated that the details of the US-Iran Memorandum of Understanding (MoU) will be released within the next 24 to 48 hours. The MoU includes a potential $300 billion fund for Iran's reconstruction. The US and Iran will initiate technical talks later this week, and the release of frozen funds and sanctions relief will depend on specific performance.

Odaily Planet Daily News: According to Reuters, US President Trump and Vice President Vance have signed the US-Iran Memorandum of Understanding, and the Speaker of the Islamic Consultative Assembly of Iran has also signed it. (Xinhua News Agency)

Odaily reports that research firm Benchmark Equity Research has highlighted that the market structure reform proposal put forward by the U.S. Securities and Exchange Commission (SEC) on June 11 could be one of the most far-reaching regulatory actions for the U.S. crypto industry this year. The proposal aims to abolish Rule 611 and Rule 610(e) of Regulation NMS, two core rules that have governed the routing and execution of U.S. stock trades since 2005, which are seen as having long constrained the development of tokenized stocks and on-chain trading.

Rule 611 (Order Protection Rule) requires trading venues to avoid executing trades at prices inferior to "protected quotations" on other markets, thereby enforcing the National Best Bid and Offer (NBBO) system. Rule 610(e) prohibits locked and crossed markets, restricting quotation overlaps and price mismatches.

Benchmark analyst Mark Palmer stated that if the rules are repealed, it would remove key legal barriers hindering DeFi trading models, such as automated market makers (AMMs), allowing them to operate without relying on traditional order routing systems. The regulatory changes would directly benefit infrastructure for tokenized stocks and crypto securities trading, with Securitize identified as the most immediate beneficiary. Additionally, Coinbase and Galaxy Digital could also benefit from the expansion of trading, custody, and market-making businesses.

However, Benchmark also noted that even with looser rules, critical issues such as exchange registration, clearing and settlement, and custody frameworks remain unresolved. The market is still anticipating the SEC's potential introduction of an "innovation exemption" mechanism. The SEC has opened a 60-day public comment period, and Benchmark expects a final vote could take place in early 2027. (The Block)

Odaily Planet Daily News: Danny Sanders, Chief Business Officer of hardware wallet manufacturer Trezor, stated that "putting everything into ETFs" might be the worst development path for the Bitcoin ecosystem. Since the launch of US spot Bitcoin ETFs in early 2024, cumulative inflows have exceeded $53 billion, making them a significant driver of BTC prices, but also potentially altering the structure of how users hold their assets.

Sanders believes that over-reliance on ETFs will weaken Bitcoin's core principle of "self-custody," gradually shifting asset control to third-party institutions instead of users holding their private keys. Although self-custody carries risks such as lost seed phrases or unrecoverable private key leaks, he considers these more of a psychological barrier than a technical challenge, adding that "it's not difficult once you actually start doing it."

Data shows that out of approximately 600 million crypto users globally, only about 10% practice self-custody, and only around 12 to 13 million users employ hardware wallets.

As an early hardware wallet provider in the industry, Trezor helped popularize the BIP-39 seed phrase standard and continues to advocate for lowering the barriers to self-custody through improved user experience and educational tools, rather than relying on intermediary custody.

Sanders concluded that the industry's long-term goal should be to gradually approach a Web2-level user experience, rather than simply replacing self-custody with ETFs. "That would probably be the worst possible outcome for the entire industry." (The Block)

According to PeckShield monitoring, structured products protocol ThetanutsFi has been attacked, resulting in a loss of approximately $2.1 million. Of this, roughly $2 million in option tokens have been recovered by a white hat address. The attacker has exchanged $105,000 USDC for approximately 60 ETH, and still holds USDC option tokens worth around $34,000.

Odaily Planet Daily News Leslie Falconio, currently serving as the head of taxable fixed income strategy at UBS Global Wealth Management, stated that following reports of a deal between the U.S. and Iran to reopen the Strait of Hormuz, which suppressed oil prices and triggered a rally in U.S. Treasuries, the pressure for the Federal Reserve to raise interest rates this year is easing.

Leslie Falconio pointed out that even before the ceasefire, as oil prices fell, "the two-year yield was still rising because the market was pricing in nearly 100% probability of a rate hike by December 2026." "What is happening now is that oil prices are falling, and the market is stripping out these rate hike expectations. That is why the two-year yield is declining."

New Fed Chair Kevin Warsh will chair his first monetary policy decision meeting this week. As surging crude oil prices accelerate inflation, voices within the Federal Open Market Committee (FOMC) supporting rate hikes this year are growing louder. Leslie Falconio expects the FOMC to formally remove its accommodative bias at this week's meeting, paving the way for a more hawkish outlook. However, she stated that she still expects the next move to be a rate cut, likely in 2027. (Bloomberg)

According to market sources: OpenAI has committed $50 million to AI-related nonprofit issues in 2026.

Additionally, Google announced an investment of $1.5 billion to expand its data center campus in Jackson County, Alabama, in 2026 and 2027.

Odaily reported that US Vice President Vance stated that Iran "potentially qualifies" for a $300 billion reconstruction fund, financed by Gulf states, contingent on Iran fulfilling specific obligations.

In an interview with CBS News, Vance said: "As long as they meet their commitments, they could be eligible for this type of financial support, which will be provided by a coalition of Gulf states." Although Vance indicated that the US is "willing to discuss many options on the table," he denied that releasing $24 billion of frozen Iranian assets was part of the agreement.

The text of the agreement has not yet been made public. During multiple television interviews on Monday morning local time, Vance stated that after the agreement is signed, both sides will continue to negotiate to finalize more specific and technical details. He repeatedly emphasized that Iran would only be allowed access to the relevant funds after fulfilling its pledge not to manufacture or acquire nuclear weapons.

Additionally, Iranian Foreign Minister Araghchi said, "We have completed a memorandum of understanding," adding that some of its provisions will be implemented on the 15th, while the remainder will be executed after the memorandum is signed on the 19th. (Jin Shi)