Market news
Crypto, stocks, forex and macro, aggregated for traders.
UK Faces Brexit Consequences a Decade After Referendum
June 23 marks the tenth anniversary of the Brexit referendum, which led to the UK's exit from the European Union. The post highlights the ongoing economic and political consequences for the UK.
US Official Says Nuclear Issue First, Then Proxy Funding in Iran Talks
A senior US official stated that after resolving the nuclear issue, discussions will cover proxy funding. This weekend's meeting in Switzerland is critical for advancing talks with Iran.
US Official: Sanctions Relief Possible if Iran Agrees to Downblend Uranium Stockpile
A senior US official stated that sanctions relief would be permitted if a final nuclear deal is reached and Iran complies. Iran has agreed, at minimum, to destroy its enriched uranium stockpile through downblending. The sequencing of steps will be a key topic in forthcoming negotiations.
Iran Agrees to Destroy Uranium Stockpile, Cease Strait of Hormuz Threats: US Official
A senior U.S. official read out the formal text of a memorandum of understanding with Iran, stating that Iran will cease efforts to block the Strait of Hormuz and destroy its enriched uranium stockpile.
WTI Stabilizes Below $76 as Markets Assess US-Iran Deal
West Texas Intermediate crude trades near $75.70 on Wednesday, edging down 0.22% as market participants weigh the implications of a potential US-Iran agreement.
Crypto Roundup: Bitcoin Consolidation, US CBDC Ban, Hyperliquid OI Hits $10B
Bitcoin consolidates as the US bans CBDC until 2030, Hyperliquid reaches $10B in open interest, and memecoin activity plummets on Pumpfun.
UKMTO: Vessel Returns Fire, Suspect Vessels Disengage
The UK Maritime Trade Operations reports that a vessel deployed a security team and returned fire, after which suspect vessels disengaged and moved over four nautical miles away. The crew is safe.
Vessel Fired Upon by Armed Skiffs off Yemen Coast
The UK Maritime Trade Operations reports an incident 105 nautical miles northeast of Aden, where a vessel was approached within 4 meters and fired upon by two skiffs with armed personnel onboard.
Moody's Expands Token Integration Engine to Solana for On-Chain Credit Ratings
Moody's Ratings has expanded its Token Integration Engine to the Solana blockchain, allowing credit ratings to be integrated and machine-readable on a public blockchain for the first time.
Gold Options Bearish Positioning Hits Extremes: GLD Put-Call Skew Near Record
The 6-month put-call skew on GLD has risen to 1.03, near its highest since 2017, while the 3-month skew hit a record 1.19, indicating extremely crowded bearish positioning in gold options.
US Congress Advances Bill Banning Fed CBDC Until 2030
The US Senate and House have agreed to advance the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. Private stablecoins are exempt from the restriction.
Sterling Slides on Soft UK CPI, US Retail Sales Support Dollar
The British pound fell toward 1.3400 against the U.S. dollar after weaker-than-expected UK inflation data reduced the likelihood of a Bank of England rate hike, while strong U.S. retail sales boosted the greenback.
AUD/USD Steady Near 0.7070 on Improved Risk Sentiment
The Australian Dollar holds firm against the US Dollar as risk sentiment improves following comments from Trump on Iran. The pair trades around 0.7070 with a neutral tone.
US and Iran Discuss Moving Up Iran Deal Signing
Axios reports that the US and Iran are negotiating to advance the signing of the Iran deal from Friday to as early as today, with an electronic signing and immediate effect on Strait of Hormuz provisions.
US and Iran Discuss Moving Up Iran Deal Signing to Today
The US and Iran are reportedly discussing accelerating the signing of the Iran agreement from Friday to as early as today. If finalized, the MOU would be signed electronically and parts concerning the Strait of Hormuz would take effect immediately.
Record $5.15 Trillion S&P 500 Options Expiry to Fuel Volatility
A record $5.15 trillion in S&P 500 options are set to expire on June 19, the largest monthly expiration ever. The removal of hedging positions tied to geopolitical risks may amplify market swings.
Hyperliquid Open Interest Tops $10B, Now Third-Largest Perps Platform
Hyperliquid's open interest has surpassed $10 billion, making it the third-largest perpetual futures exchange, according to a Talos report. Growth was driven by traditional asset markets and third-party DEXs under HIP-3.
Macron: Trump Acknowledges Russia Unwilling to Make Peace at G7
French President Macron stated that Donald Trump and other G7 leaders recognized Russia's lack of willingness to pursue peace in Ukraine, marking a shift in the U.S. approach.
Macron: G7 Must Regulate AI, Keep Frontier Models from Authoritarian Regimes
French President Emmanuel Macron calls for tighter regulation of the AI sector and warns that advanced AI frontier models must not fall into the hands of authoritarian regimes, urging democratic cooperation.
Japan and Trump reaffirm broad cooperation on security and economy
Japanese official Takaichi stated that after discussions with President Trump, both sides confirmed continued high-quality cooperation across security and economic areas based on a strong trust relationship.
Brent Oil Outlook: Bears May Pause Above 200-Day MA
Brent crude fell over 15% in four days amid a US-Iran peace deal narrative, approaching levels seen at the start of the recent move. The 200-day moving average could provide support for a brief consolidation.
Fed Meeting May Mark Formal End of Easing Bias, Markets Could Be Disappointed
Today's Federal Reserve meeting is expected to signal the formal death of the easing bias, as resilient US economy and rising inflation pressures remove the case for rate cuts. Markets may be disappointed by a hawkish stance.
US Gold Reserves: Fort Knox Holds 60% of Treasury Stockpile
Fort Knox in Kentucky holds approximately 147.3 million troy ounces of gold, representing about 60% of total US government gold reserves. Other major depositories include West Point and Denver.
Fed Chair Kevin Warsh Holds Rate Steady at 3.5%-3.75% in First FOMC Meeting
At his first FOMC meeting as Federal Reserve Chair, Kevin Warsh maintained a wait-and-see approach, keeping the benchmark interest rate unchanged in the 3.5% to 3.75% range.