Today's top news highlights:
Bitcoin mining difficulty decreased by 10.09% to 124.93 T.
Regulation & Macro
Iranian sources: The US and Iran will hold a video conference and sign an agreement.
Iranian sources say Pakistan will host a video conference, which will be attended by representatives from both Iran and the United States, who will also sign an agreement.
A source close to the Iranian negotiating team said that Iran has not yet made a final decision on the memorandum of understanding with the United States.
US President Trump stated that the US and Iran will sign an agreement on the 14th, and the Strait of Hormuz will open immediately after the agreement is signed. Iranian Foreign Ministry spokesman Bagaei indicated that the US-Iran memorandum of understanding will not be signed on the 14th, but completion within the next few days is not ruled out.
An industry coalition comprised of companies such as Kalshi, Crypto.com, and Polymarket has sued the state of Kentucky, alleging that its 14.25% transaction tax on prediction markets is discriminatory, unconstitutional, and has been superseded by federal law. The Kentucky Attorney General has stated he will take full action.
Trump retweeted Pakistani Prime Minister's statement regarding the US-Iran agreement.
Trump retweeted a screenshot of Pakistani Prime Minister Shahbaz's comments on the US-Iran deal on social media. Shahbaz had previously posted that the US-Iran deal was closer than ever before and expected to be finalized within the next 24 hours.
Next week's market focus includes a potential agreement between the US and Iran, and the Federal Reserve's interest rate decision. Fed Chairman Warsh will hold a press conference on monetary policy. In addition, the US will release data including the New York Fed Manufacturing Index, industrial production month-on-month rate, ADP employment change, EIA crude oil inventories, and initial jobless claims. There will be no night trading session on the Shanghai Gold Exchange and other exchanges in China on June 18th, and the New York Stock Exchange will be closed on June 19th.
An Iranian Foreign Ministry spokesperson stated that the possibility of signing an Islamabad memorandum of understanding in the coming days cannot be ruled out, but the signing will not take place tomorrow. The memorandum focuses on ending the current war and does not discuss the nuclear issue.
The U.S. Department of Defense releases a third batch of UFO documents.
The U.S. Department of Defense released its third batch of UFO documents, including 72 previously classified videos, images, audio recordings, and written materials. One video shows a light source resembling a "plasma sphere" hovering, while another video shows two red dots moving in sync.
Pakistani Prime Minister: US-Iran agreement expected to be finalized within 24 hours
Pakistani Prime Minister Sheikh Sharif posted on social media that the US-Iran agreement is expected to be finalized within the next 24 hours. Pakistan is actively preparing for an electronic signing immediately after the agreement is reached and plans to begin technical negotiations next week.
Project Updates
Humanity has released a security incident investigation report, revealing that attackers used tools and techniques characteristic of North Korean hackers to gain access to project board members' devices and wallet private keys via phishing emails. They then launched attacks on Ethereum and the BNB Chain, stealing approximately 141.18 million H tokens and continuously selling them. Currently, the Ethereum-side H token contract is frozen, the mainnet bridge is unaffected, and the BSC deployment remains under the attackers' control. The team is collaborating with exchanges to proceed with further action.
Ripple has released the XRPL AI Starter Kit, providing developers with a toolkit for building AI Agent payment capabilities. This kit enables intelligent agents to perform payments, balance inquiries, and wallet operations on the XRP Ledger, and supports automated payment processes based on the x402 protocol. The x402 protocol utilizes the HTTP 402 status code to achieve on-chain payments during API calls. Currently, it has facilitated over 100 million transactions on the Base chain, with approximately $41 million in USDC settlements. Ripple believes that XRPL, with its 3-5 second confirmation speed and low fees, can provide stable settlement capabilities for high-frequency AI Agent payments; however, this solution is still in its early exploratory stages.
Investment and financing news
Saudi Kingdom Holding Company's SpaceX shares have a fair value of $6.83 billion.
Saudi Kingdom Holding Company announced that as of March 31, 2026, it held 42,408,860 Class A ordinary shares of SpaceX, with a book value of approximately $4.47 billion; based on the closing price of $160.95 on the first day of the IPO, the fair value is approximately $6.83 billion. The shares are subject to a lock-up period of up to 180 days.
The total underwriting fees for SpaceX's initial public offering are approximately $500 million, representing about 0.7% of its $75 billion fundraising target. Lead underwriters Goldman Sachs and Morgan Stanley will each receive approximately $100 million, while Bank of America, Citigroup, and JPMorgan Chase are expected to each receive approximately $75 million. Several other banks are expected to each receive approximately $10 million or less.
Forbes: A Saudi prince's early bet on SpaceX is now worth over $5 billion.
SpaceX launched its IPO with a valuation of $1.8 trillion, which will create nine billionaires, including Saudi Prince Alwaleed bin Talal (whose shares are worth $5.1 billion), Luke Nosek ($3.4 billion), Larry Ellison ($2.7 billion), and Jack Dorsey ($2.6 billion).
Opinions & Analysis
In an internal memo, Meta CEO Mark Zuckerberg acknowledged that the company made some mistakes in its AI transformation through layoffs and role changes, and pledged that there would be no more company-wide layoffs this year, and that efforts would be made to find new roles for employees reassigned to AI model training.
David Sacks, co-chair of the President's Council of Advisors on Science and Technology, stated that the government was forced to impose restrictions on Anthropic's Fable model after a security vulnerability was discovered and not patched. The government hopes that Anthropic will fix the problem, lift the restrictions, and resume normal release as soon as possible.
Etherealize co-founder Vivek Raman believes that Ethereum is in a transitional phase; the infrastructure is largely complete, but its adoption has not yet been fully reflected in ETH. As more tokenized assets migrate to the blockchain, the market will eventually reassess Ethereum's role as a cybersecurity asset.
Michael Saylor congratulated SpaceX on its "historic IPO" and stated that "25% of the companies in Mag8 already hold Bitcoin on their balance sheets," suggesting that Bitcoin is rapidly entering the asset allocation systems of large technology companies.
On its first day of trading, SpaceX's outstanding shares represented only 4.2% of its total shares, resulting in a price-to-sales ratio exceeding 112. Its business exhibits a "one-pronged profit, two-pronged loss" pattern: Starlink generated $11.39 billion in revenue last year, accounting for 61% of the company's total revenue; the rocket launch business still incurred a loss of $657 million; and the xAI and space computing businesses are considered "cash cows." The company has accumulated losses of $41.3 billion since its inception. Fidelity believes that approximately 30% of the valuation is a premium due to Musk's personal brand and the AI concept.
Serenity, the "white-haired stock god," reviewed his bullish view on SIVE, stating that the trade had accumulated a gain of about 1,900% in about three months, attracting US institutions such as JPMorgan Chase and Fidelity to recently build positions, and called the trade his "second most important investment decision in history."
Serenity, a well-known stock market commentator, wrote that external trade and export controls have disrupted Japan's WF₆ supply chain, potentially creating a "Strait of Hormuz-style" supply bottleneck that could affect wafer foundries such as SK Hynix, Samsung Electronics, and TSMC. South Korea's Foosung currently accounts for approximately 10% of the global WF₆ supply chain, and its strategic importance may increase in the context of supply contraction. Serenity emphasized that this view is merely market observation and he currently does not hold any related positions.
Important data
Bitcoin mining difficulty decreased by 10.09% to 124.93 T.
Bitcoin mining difficulty dropped 10.09% to 124.93 T at block height 953,568, marking the second-largest drop since 2026.
CryptoQuant analysts point out that Bitcoin's 30-day net exchange flow indicator has turned positive, currently at approximately +114,000 BTC, indicating that more Bitcoin holders are transferring BTC to exchanges, increasing potential selling pressure. Meanwhile, stablecoins' 30-day moving average net flow remains negative, currently at approximately -$105 million, indicating that stablecoin funds are leaving exchanges, reducing market liquidity.
According to on-chain analyst Yu Jin, the "SIREN controller" sold approximately 201 million SIREN tokens on-chain within 14 hours, receiving approximately 27.7 million USDT, of which 24.8 million USDT was transferred to Bitget and Bybit. His on-chain SIREN holdings decreased from 682 million to 468 million.
