Following Trump's announcement of canceling the strike on Iran tonight, the three major US stock indexes collectively surged, with Bitcoin experiencing a brief spike of over 1%.

June 12 (Axios) — Former President Donald Trump has repeatedly claimed a U.S.-Iran agreement was imminent, a assertion Tehran has not yet confirmed, Axios reports. However, three sources familiar with the talks said key disagreements were resolved during Wednesday’s meeting between Iranian officials and Qatari mediators. Negotiations in Tehran ran late into Wednesday night, as Qatari envoy Ali Shamkhani and Iranian Foreign Minister Abbas Araghchi worked to bridge remaining gaps between the U.S. and Iran. Both sides — the Qatari and Iranian — expressed confidence Wednesday that they had finalized a text the U.S. would accept. Progress has narrowed rifts on three core issues: the mechanism for unfreezing Iranian assets (Tehran’s top priority), arrangements for reopening the Strait of Hormuz during a 60-day ceasefire, and talks on Iran’s nuclear program within that ceasefire period. Iranian officials told multiple countries on Thursday that the Tehran talks produced a preliminary agreem

June 12: Per Bitget data, the three major U.S. stock indexes expanded their intraday gains: the Nasdaq rose 2%, the Dow Jones added 1.6%, and the S&P 500 gained 1.3%. On the news front, President Trump announced he was scrapping a planned strike against Iran tonight, and will soon unveil the time and location for the signing of the agreement.

On June 12, markets have pushed their bets on the Federal Reserve’s next interest rate hike from this December to January of next year, and no longer fully price in the likelihood of a rate hike occurring this year. (Wall Street 10)

Jun 12 — U.S. President Donald Trump announced: "I have called off the planned strike against Iran for tonight. The naval blockade will remain fully in effect until an agreement is reached, and the time and location for the signing ceremony will be announced shortly."

On June 12th, Coinbase announced the launch of Coinbase for Agents, a new tool that allows users to connect AI agents directly to their Coinbase accounts—enabling these agents to act on users’ behalf within set limits, including executing trades, processing payments, and running custom workflows. The product is currently available in MCP and CLI formats, and works with widely used AI agents like ChatGPT and Claude, combining financial reasoning capabilities with hands-on execution power. Within a user’s authorized scope, these AI agents can carry out spot and derivative crypto trades, plus handle tasks such as portfolio rebalancing, limit order placement, and capital efficiency management tailored to users’ specific financial goals. Looking ahead, Coinbase plans to expand Coinbase for Agents to support trading in stocks, index funds, prediction markets, and commodities. The company also intends to add x402 functionality, letting agents make payments for proprietary data, computing r

June 12 — The commander of Iran’s Islamic Revolutionary Guard Corps’ Quds Force stated that the U.S. "talks big about agreements and negotiations on one hand, while carrying out malicious, ill-intentioned actions on the other." This sharp contradiction between America’s words and deeds is the core driver of regional instability, he argued, noting it has put trade security, the global economy, and the safety of all nations at risk—most critically the security of the Strait of Hormuz. The official went on to warn that if the U.S. launches another attack on Iran, it will face a far stiffer response than in past confrontations. The conflict would escalate further, becoming more widespread, and leave the entire region in a state of insecurity. Citing recent U.S. threats to target Iran’s oil infrastructure, he issued a formal declaration: "Either all nations have access to Iran’s oil and gas exports, or no nation does." (FXStreet)