Trump Calls National Security Council to Emergency Meeting on Middle East
US President Trump today called the National Security Council to an emergency meeting to assess developments in the Middle East. According to a report by AXIOS based on four different sources, the US is planning a meeting this week between Iranian Foreign Minister Araghchi and US Special Representative Vitkov to discuss diplomatic efforts to end the nuclear agreement and the Israel-Iran war. It has been reported that the US’s massive underground bunkers could be used as a bargaining chip targeting Iran’s nuclear facilities. Trump reiterated that the US would not engage in direct combat.
Israel Announces Killing of Iranian Chief of Staff
The Israeli army announced that the Iranian Armed Forces Chief of Staff was killed in a series of attacks. Tensions in the Middle East rose further after the operation, with reports that Israel launched new air strikes on Iranian targets. Israeli officials also said that mediation talks to stop the war with Iran had begun.
US Senate to Hold Final Vote on GENIUS Act Today
The GENIUS Act (S.1582), a bill containing important regulations for the cryptocurrency market, will be put to a final vote in the Senate today. If passed, it will be sent to the House of Representatives. The bill includes rules such as reserve requirements and annual audits for stablecoin issuers.
JPMorgan Chase Teases Stablecoin and Cryptocurrency Services Under the “JPMD” Brand
JPMorgan Chase has signaled its plans to offer USD-denominated stablecoin and crypto asset services under the “JPMD” brand. The trademark application covers crypto trading, payment, and custody services. This development aligns with the bank’s previous moves to allow Bitcoin trading and accept ETFs as collateral.
OpenAI-Microsoft Partnership in Jeopardy
According to the Wall Street Journal, serious disagreements have emerged between OpenAI and Microsoft over artificial intelligence products and infrastructure control. OpenAI’s desire to transition to a more profitable model and Microsoft’s control over resources are straining the partnership. It appears unlikely that OpenAI will proceed with its initial public offering without Microsoft’s approval.
TRUTH SOCIAL Spot Bitcoin ETF Application Officially Accepted by SEC
TRUMP’s social media platform TRUTH Social has officially submitted its spot Bitcoin ETF application to the SEC. The application has been approved by the SEC and is now part of the process.
BoJ Keeps Interest Rate at 0.5%, Decides to Reduce Asset Purchases
The Bank of Japan (BoJ) kept its interest rate steady at 0.5%, as expected. Additionally, it was announced that monthly government bond purchases will be reduced to 2 trillion yen by the first quarter of 2027.
USDC Developments: 63 Million Dollars Burned, 100 Million Dollars Minted on Algorand
According to Whale Alert, the USDC treasury burned approximately 63 million USDC on Ethereum. On the same day, 100 million USDC was minted on the Algorand network by an unknown wallet.
Cardano and Solana Debate Stablecoin Strategy
Solana co-founder Anatoly Yakovenko described Cardano’s decision to convert its 100 million dollar ADA reserve into Bitcoin and stablecoins as “extremely foolish.” According to Yakovenko, projects only need short-term bonds. Charles Hoskinson, however, stated that the move aimed to increase DeFi liquidity.
Bitcoin & Ethereum Spot ETF Flows
BTC Total Net Inflow: +$408 Million – BlackRock +$266 Million, Fidelity +$83 Million
Ethereum Total Net Inflow: +$21 Million – BlackRock +$16 Million, Fidelity +$5 Million
by Darkex Research – 1 min read
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