SK Hynix plans to order semiconductor testing equipment, with a total price of up to $259 million.

Iranian Foreign Ministry spokesman Bahaei said the Strait of Hormuz does not need external intervention, as such intervention will only complicate matters. Talks with mediator Qatar on implementing the temporary Iran-US deal may be held in Doha on Wednesday, covering the release of frozen assets, a process that is currently underway.

Argot Collective and the Ethereum Foundation (EF) announced they have completed the final phase of their initial five-year funding commitment. Approximately 4,938 stETH will be transferred to a multisig wallet, with funds unlocking in two tranches on July 1, 2026, and July 1, 2027 respectively. The first three years of funding were fully disbursed last year; the remaining two years were delayed due to pending finalization of terms and governance arrangements, but have now been fully settled. The funds are held in a 2-of-3 multisig wallet comprising Argot, the newly established "Fail-Safe Committee", and the Ethereum Foundation. The committee serves as an independent arbiter, safeguarding Argot’s independence during disputes and providing specialized expertise in programming languages and compilers. Argot Collective noted that while the agreement delivers substantial operational security for the organization, broader challenges persist: the Ethereum Foundation has limited funding, and public infrastructure supporting DeFi, staking, and core protocols cannot rely on a single funder long-term. The organization added it will continue to publish transparency reports and roadmap updates every six months.

After failing to pressure the Federal Reserve, Trump has shifted his inflation fight to gasoline retailers. In a post on Truth Social, he stated that crude oil prices have fallen to $68 per barrel and continue to decline, demanding gas stations cut prices immediately, bluntly warning that "big problems await" if they do not, and even calling for gasoline prices to be pushed down to $2.5 per gallon. According to AAA data, the current average price of regular gasoline is $3.85 per gallon, down from $4.36 a month ago, but still higher than $3.19 at the same time last year. Data shows that as of May, U.S. inflation stood at 4.2%, well above the Federal Reserve’s 2% target. Gasoline prices have risen 40.5% over the past 12 months, while fuel prices are up 58.9%, mainly due to the temporary disruption of Middle East oil supply routes caused by conflicts involving the U.S., Israel, and Iran. Previously, Trump had repeatedly pressured former Federal Reserve Chair Jerome Powell and board member Lisa Cook to push for interest rate cuts, but new Chair Walsh did not cut rates at his first policy meeting. Notably, the Supreme Court ruled 5-4 on Monday that Trump’s earlier attempt to remove Cook was unlawful for failing to follow due process, further reinforcing the Federal Reserve’s independence and viewed as another setback to the White House’s efforts to interfere with market prices.

The Trump administration has proposed an unprecedented $1.5 trillion defense budget request, while advancing procurement system reforms that emphasize speed and efficiency, due to U.S. arms stockpiles being depleted by multiple wars. This trend is sparking a new round of competition among states for defense manufacturing investment and job opportunities. Castelion, a startup founded by three former SpaceX employees, is applying SpaceX’s business model to the hypersonic missile sector. The company has signed contracts with various military services, committing to deliver at least 500 missiles annually under a fixed-price contract model—shifting cost risks from the government to contractors, a departure from the traditional cost-plus model. To date, the firm has raised over $550 million in private capital. After a year of site selection, Castelion ultimately chose Sandoval County, New Mexico, to build a 1,000-acre manufacturing campus with a total project investment of $220 million, expected to create 300 high-paying jobs and generate $650 million in economic benefits over a decade. The state stood out for its abundant land resources, talent pools from Sandia and Los Alamos National Laboratories, and efficient bipartisan government coordination mechanisms. The company noted that just six months after groundbreaking, 15 of the campus’s 21 buildings are already under construction.

Although Bitcoin has recently stabilized near $60,000, its rebound outlook remains dim. Glassnode data shows that Bitcoin ETFs have sold off 71,600 BTC this month, worth over $4 billion, marking the largest single-month redemption in history. Meanwhile, enterprises and digital asset custodians have only added 7,500 BTC to their holdings. Combined with daily new mining supply, the net gap reaches roughly 77,000 BTC (valued at around $4.4 billion), creating a notable "supply glut". Against this backdrop, Strategy (MSTR), the largest Bitcoin-focused digital asset firm, announced a Bitcoin monetization plan on Monday, authorizing the sale of up to $1.25 billion worth of Bitcoin, primarily to build a $2.55 billion USD reserve to cover preferred stock dividends and interest expenses. Analysts note that if capital flows do not turn positive and institutional demand fails to recover, any price rebound is likely to be short-lived. The only factor currently supporting Bitcoin is the long USD positioning in the foreign exchange market. Elsewhere, UK regulators have cut the capital buffer requirement for stablecoin issuers from 2% to 1%; the 52-week correlation between Bitcoin and the USD/JPY exchange rate has fallen to -0.90, its lowest level since late 2022, challenging the "carry trade" theory; and global oil prices are seeing their largest quarterly decline since 2020, with markets focusing on the progress of US-Iran talks.

According to Lookonchain's monitoring, BlackRock's address deposited 4,984.56 Bitcoin (valued at approximately $295 million) and 30,725 Ethereum (valued at approximately $48.58 million) into a Coinbase Prime address, totaling around $344 million.