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Svmuu News: According to data from MSX.COM, at the close of U.S. markets, the Dow Jones Industrial Average rose 0.64%, the S&P 500 fell 0.57%, the Nasdaq Composite fell 1.15%, and the VIX fear index rose 1.3%.AI-related stocks were broadly lower, with Marvell down 9.78%, KLA down 7.44%, AMD down 7.3%, Astera Labs down 7.06%, and Micron down 6.18%. It is reported that MSX is a leading RWA trading platform that has listed hundreds of RWA tokens to date, covering popular U.S. stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Svmuu News: SK Hynix announced on the 17th that it will eliminate all academic degree requirements and launch a rolling recruitment process for entry-level positions. As competition in the AI semiconductor sector intensifies, SK Hynix stated that it will henceforth select talent based on actual job performance and growth potential, rather than relying solely on academic credentials. Previously, SK Hynix’s job postings specified requirements such as “applicants must hold at least a four-year bachelor’s degree.” With this requirement now removed, applicants may apply regardless of their educational background, provided their work experience, job-related skills, and fit with the company culture meet the position’s requirements. (Jin Shi)

According to monitoring by the Svmuu Seer Prophet Channel, in the “World Cup Group I Winner” prediction event on predict.fun, the probability of France finishing first in Group I has risen to 76%, up 10% over the past 24 hours. Additionally, the probability of Norway finishing first in Group I is currently reported at 21%. Today, in the first round of Group I of the World Cup group stage, France defeated Senegal 3–1, and Norway defeated Iraq 4–1. In the next round, France will face Iraq, while Senegal will take on Norway. Svmuu Seer continues to monitor the prediction market, spotting changes before they are priced in.

Svmuu News: According to Onchain Lens, “1011 Insider Whale” Garret Jin has sold all 184,102 HYPE tokens at a price of $73.58, exchanging them for $13.54 million in USDC and realizing a profit of $2.83 million; He still holds a 5x long position in BTC, with an unrealized loss of $13.2 million, as well as a 2x long position in ZEC, with an unrealized gain of $3.29 million.

Svmuu News: South Korea’s retail cryptocurrency trading volume in the first quarter of this year reached $69 billion, ranking second globally, behind only the United States’ $212 billion. Data shows that South Korea’s cryptocurrency trading volume for the quarter fell 28% year-over-year, marking the sharpest decline among major global markets. By comparison, trading volume in the United States was $21.2 billion, in Russia $4.8 billion, in India $4.6 billion, and in Turkey $4.0 billion. Analysts note that the rise in South Korea’s stock market semiconductor sector has drawn a significant amount of retail investor capital. Additionally, the country’s Virtual Asset User Protection Act has tightened compliance requirements, limiting domestic exchanges to spot trading only, while overseas platforms offer a broader range of products, including derivatives and leverage. (koreatimes)

Svmuu News: According to Reuters, sources say the U.S.-Iran framework agreement includes a plan to establish a $300 billion private fund to stimulate investment in Iran. The $300 billion Iran investment fund will only begin operations after the final agreement is signed. The fund is a private investment vehicle that does not involve government funds and is unrelated to negotiations regarding Iran’s sovereign assets frozen overseas. The fund has already secured funding commitments from companies in the United States, the Gulf Arab states, Asia, South America, and Africa for more than half of its total target. (Jin Shi)

Svmuu News: Saudi Arabia TV has released the terms of the 14-point Memorandum of Understanding between Iran and the U.S., which is more detailed than the version published by Iran’s Mehr News Agency: 1. Iran, the United States, and their allies in the current war declare that, effective immediately upon the signing of this Memorandum of Understanding, they will immediately and permanently end the war on all fronts, including in Lebanon, and commit to refraining from any hostile actions against one another in the future, as well as from threatening or using force against one another. A final agreement will confirm the provisions of this and other clauses. (Permanent and immediate cessation of hostilities on all fronts, including Lebanon.) 2. Iran and the United States commit to respecting each other’s sovereignty and territorial integrity and to refraining from interfering in each other’s internal affairs. (The United States commits to refraining from interfering in Iran’s internal affairs and to respecting Iran’s sovereignty.) 3. Iran and the United States commit to negotiating and reaching a final agreement within a period of up to 60 days, which may be extended by mutual consent. (The Iranian media version did not include this clause.) 4. Upon the signing of this Memorandum of Understanding, the United States will immediately lift the naval blockade against Iran, prevent any interference or obstruction, and restore Iran’s full shipping capacity within a maximum of 30 days; the volume of vessel traffic shall be proportional to pre-war levels. The United States also commits to withdrawing its forces from the surrounding regions within 30 days of the final agreement being reached. (The maritime blockade against Iran will be completely lifted within 30 days.) (The United States commits to withdrawing its forces from the areas surrounding Iran.) 5. Upon the signing of this Memorandum of Understanding, Iran will immediately take measures to ensure that commercial shipping between the Persian Gulf and the Sea of Oman returns to pre-war levels within 30 days, while taking into account Iran’s need to clear technical obstacles and neutralize mines. (Under Iran’s arrangements, the Strait of Hormuz will be reopened within 30 days.) 6. The United States will work with regional partners to develop a comprehensive plan, agreed upon by both sides, for Iran’s reconstruction and development, and ensure the provision of at least $300 billion in financial support. The implementation mechanism for this plan will be finalized within 60 days under the framework of the final agreement. (The United States and its allies must provide Iran with a reconstruction plan worth at least $300 billion.) 7. The United States commits to lifting all types of sanctions currently imposed on Iran within the timeframe agreed upon in the final agreement, including those imposed under United Nations Security Council resolutions, International Atomic Energy Agency (IAEA) Board of Governors resolutions, and all primary and secondary sanctions unilaterally imposed by the United States. (Reach a final agreement on the nuclear issue within 60 days and fully lift all primary and secondary U.S. sanctions against Iran, as well as resolutions of the UN Security Council and the IAEA Board of Governors.) 8. Iran reaffirms that it will never develop nuclear weapons. Iran and the United States have agreed to properly resolve, through the final agreement, the disposition of enriched uranium and all other mutually agreed-upon nuclear-related issues, including Iran’s nuclear needs; the final agreement will confirm the provisions of this clause. (Reaffirming Iran’s commitment under the Treaty on the Non-Proliferation of Nuclear Weapons not to develop nuclear weapons. ) 9. Iran and the United States agree that, pending the conclusion of a final agreement, the status quo will be maintained: Iran will continue to maintain the current status of its nuclear program, and the United States will not impose new sanctions on Iran nor increase its military presence in the region. (During the negotiations, the United States commits not to deploy additional troops to the region nor to impose new sanctions.) 10. The United States commits that, following the signing of this Memorandum of Understanding and until the date sanctions are lifted, the U.S. Department of the Treasury will grant waivers for the export of Iranian crude oil, petrochemical products, and their derivatives, as well as all related services (including banking, insurance, transportation, etc.). (Sanctions on the sale of Iranian oil, petrochemical products, and their derivatives are suspended, and Iran is permitted full access to its financial resources.) 11. The United States commits that, in light of progress made in the negotiation process, Iran’s frozen or restricted funds and assets will be released and made fully available for use. Regardless of whether these funds are held in master accounts or have been transferred, they will be deposited into accounts designated by the Central Bank of Iran for the ultimate beneficiaries and will be fully accessible. The United States commits to issuing all necessary licenses on this basis. (During the 60-day final negotiation period, $24 billion of Iran’s frozen funds will be released. Half of this amount must be made available to Iran before negotiations begin.) 12. Iran and the United States agree to establish an enforcement mechanism to oversee the successful implementation of the final agreement and the fulfillment of future commitments. (Establish a monitoring mechanism to ensure implementation of the agreement.) 13. Following the signing of this Memorandum of Understanding, and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum and the continued implementation of the aforementioned measures, Iran and the United States will negotiate the remaining provisions to reach a final agreement. (Final negotiations will begin only after half of Iran’s frozen funds have been unfrozen, sanctions on Iranian oil have been suspended, and the naval blockade has been lifted; the final agreement will cover only the future of enriched uranium material and the enrichment process, the lifting of sanctions, and Iran’s economic reconstruction plan. Issues related to Iran’s missile program and its support for resistance organizations have been explicitly removed from the agenda.) 14. The final agreement will be approved through a legally binding resolution of the United Nations Security Council. (The final agreement will be approved by a United Nations Security Council resolution.)

Svmuu News: A bipartisan group of senators led by Cynthia Lummis sent a letter to U.S. Treasury Secretary Scott Bessent, urging the Treasury Department to preserve states’ regulatory authority over certain stablecoin issuers when drafting implementing rules for the GENIUS Stablecoin Act. The GENIUS Act was signed into law last year, establishing a federal regulatory framework for stablecoins in the United States. It requires stablecoins to be fully backed by U.S. dollars or similar highly liquid assets, mandates annual audits for issuers with a market capitalization exceeding $50 billion, and sets forth rules for offshore issuers. The bill allows stablecoin issuers with a market capitalization of no more than $10 billion to be regulated at the state level, provided that the relevant state regulatory system is “substantially similar” to federal requirements. The senators believe that the rules previously proposed by the Treasury Department did not clearly define the timeline and standards for the application, review, and certification of state regulatory systems, creating uncertainty for the states. The letter noted that legislative cycles vary significantly across states—with some states even operating on a biennial legislative cycle—and therefore a flexible, continuously open certification mechanism is needed to ensure that states can apply for certification when the need arises, rather than having innovation and competition restricted by timing mismatches.

Svmuu News Coinbase has released its latest enterprise-grade “System Update,” introducing a series of new products and infrastructure upgrades to further expand its “Everything Exchange” positioning, covering crypto assets, stocks, options, perpetual contracts, prediction markets, token offerings, and smart financial services. This update includes an AI investment advisory system that has been registered with the SEC, which has been integrated into the main trading platform at Coinbase. Coinbase also announced the establishment of unified global liquidity between its U.S. and international platforms, covering spot crypto assets and derivatives trading, to enhance trading depth and execution efficiency. On the consumer side, the CoinbaseOne Card now offers new benefits: users can stake between 500 and 5,000 USDC to obtain the card and receive a 5% cashback in Bitcoin when booking trips through the Travel Portal, launched in partnership with Booking.com. In addition, Coinbase highlighted several trading products that have recently launched or are in development, including themed stock indices, pre-IPO perpetual contracts, new features for options trading, and upgrades to the developer platform. Coinbase stated that its goal is to become a one-stop app for users to engage in multi-asset trading and smart financial management.

Svmuu News: Pump.fun, Solana’s once-dominant memecoin launchpad, has seen its activity continue to decline, with token graduation rates, platform revenue, and Solana network fees all dropping significantly in recent months. Data shows that Pump.fun’s seven-day average token graduation rate fell to 0.26% last week, marking an 80% decline over the past three months. Meanwhile, the platform’s average daily revenue from June to date has been approximately $800,000, far below the average daily level of about $4.8 million six months ago. Since the start of June, Pump.fun’s revenue has fallen by 25% month-over-month, while its token graduation rate has dropped by 53% month-over-month. This discrepancy suggests that while the platform may still be maintaining some of its USD revenue through ancillary sources such as PumpSwap AMM trading fees and listing sponsorships, its core function—the ability to propel newly issued tokens to higher market capitalization levels—has significantly weakened. Pump.fun’s decline is also reflected in the price of the PUMP token, which has fallen by approximately 40% over the past six months. Meanwhile, trader interest is shifting from memecoin launches on the Solana chain to other trading scenarios, such as perpetual contracts, further driving down Solana network fees.