Solid Intel 🛰

INTEL: Ethereum Foundation’s Hsiao-Wei Wang steps down as co-executive director and board member Twitter

INTEL: Strategy’s $STRC preferred stock loses its $100 peg, dropping to a record low near $85 Twitter

INTEL: Strive’s Jeff Walton says the goal is to bring $200B in new capital into Bitcoin through credit markets, with more digital-credit issuers expected Twitter

INTEL: Iranian President Pezeshkian publishes the Islamabad MoU, calling it a “historical document” The text says the US-Iran war ends on all fronts including Lebanon, the naval blockade ends within 30 days, and Hormuz shipping resumes without charges for 60 days Twitter

INTEL: SpaceX is worth more than the entire crypto market $SPCX Twitter

Follows the CFTC’s late-May approval letting Kalshi and Coinbase offer regulated crypto perps in the US, the first time the product has been allowed onshore. CFTC chair Selig has defended the decision, saying incumbents “always fear the future.”

Duffy argues perpetual futures are legally swaps under Dodd-Frank, not ordinary futures and that CME holds exclusive licenses with the benchmark providers, so the products would have to route through CME regardless. Filing expected today.

INTEL: CME GROUP TO SUE THE CFTC OVER ITS APPROVAL OF PERPETUAL FUTURES, CEO TERRENCE DUFFY SAYS, PER CNBC Twitter

INTEL: TEXT OF US-IRAN MOU HAS BEEN OFFICIALLY FINALIZED AND SIGNED BY BOTH SIDES, IRAN FOREIGN MINISTRY AND TWO US OFFICIALS CONFIRMS Twitter

INTEL: GHALIBAF SAYS IRAN TO CHARGE FOR HORMUZ SERVICES Twitter

INTEL: Warsh says Federal Reserve policy statements will be shorter, fact-based, and avoid signaling future rate moves Twitter

INTEL: FED's Warsh says high prices remain a burden as inflation stays well above the Federal Reserve’s 2% goal Twitter

INTEL: Traders now price in another Federal Reserve rate increase after officials raised their interest rate forecasts Twitter

INTEL: FED LEAVES RATES UNCHANGED Twitter

INTEL: FED LEAVES RATES UNCHANGED Twitter

INTEL: PRESIDENT OF ECB LAGARDE SAID TO HAVE DIRECTLY BLOCKED BINANCE EUROPEAN ENTRY TO BOLSTER DIGITAL EURO PUSH Twitter

INTEL: TRUMP SAYS STOCK MARKET WILL CONTINUE TO RISE Twitter

INTEL: US and Iran are discussing moving up the signing of their agreement to Wednesday, potentially reopening the Strait of Hormuz sooner Twitter

INTEL: Trump-backed World Liberty Financial is reportedly close to securing an OCC trust charter, allowing direct issuance and redemption of its $USD1 stablecoin Twitter

INTEL: Trump says the Iran MoU is not final and warns that “if I don’t like the agreement, we will go back to dropping bombs” Twitter