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Binance XLM/USDT Drops to $0.17, Recovers to $0.225

On June 16, the Binance platform saw XLM/USDT briefly drop to $0.17, with a trading volume of $3.11 million within a single minute. It has now recovered to $0.225, marking a 24-hour increase of 23.74%, with a total trading volume of $52.3 million in the last 24 hours.

Fitch: Global Oil Market Expected to Return to Oversupply Within a Month if Strait of Hormuz Fully Opens

On June 16, Fitch Ratings stated that if an agreement leads to the complete opening of the Strait of Hormuz, the global oil market is expected to return to oversupply within approximately one month. (Jinshi)

Nvidia Issues Investment-Grade Bonds for the First Time in Five Years, Subscription Reaches $85 Billion

On June 16, Nvidia announced plans to raise $25 billion through an investment-grade bond issuance, with subscription demand exceeding three times the proposed offering size, highlighting investors' eagerness to capitalize on artificial intelligence opportunities. According to informed sources, the subscription amount for this bond issuance reached as high as $85 billion. Additionally, sources indicated that Nvidia will issue bonds in seven tranches with maturities ranging from 2 years to 30 years. It was also noted that the yield on the longest-term bonds will be priced approximately 0.65 percentage points higher than U.S. Treasury yields. The funds raised from this bond issuance will be used for refinancing existing debt among other purposes. This marks Nvidia's first bond issuance in five years.

Iranian Foreign Minister Discusses US-Iran Memorandum with Lebanese Officials

On June 16, the Iranian Foreign Ministry announced that Foreign Minister Amir-Abdollahian spoke by phone with Lebanese President Michel Aoun and Speaker of Parliament Nabih Berri. Amir-Abdollahian informed the Lebanese officials about the details of the US-Iran memorandum, particularly the aspects related to Lebanon. He emphasized Iran's commitment to ending the war and aggression against Lebanon and highlighted that the United States has the responsibility to ensure the proper implementation of the memorandum's terms, while also calling for a complete cessation of Israeli attacks against Lebanon. Lebanese officials welcomed the recently reached memorandum terms and stressed that Lebanon's stability and security are an integral part of any genuine efforts to achieve regional stability. They also expressed appreciation for the inclusion of the topic of 'ending the war against Lebanon' in the memorandum text. (CCTV News)

European Retail Investors Receive Less Than 1% Share in SpaceX IPO

On June 16, European retail investors received less than 1% of shares in SpaceX's record-breaking IPO, securing only a tiny portion of the largest stock issuance in history. According to informed sources, SpaceX allocated approximately $600 million worth of stock to retail investors in the EU, Norway, and Switzerland. Overall, the total subscription orders from this group were about four times the actual allocation, with demand nearing $2.5 billion.

Trump: Details of US-Iran Agreement to Be Released After Signing on 19th

On June 16, during the G7 summit in Évian-les-Bains, France, U.S. President Trump stated that the details of the US-Iran agreement will be made public after its official signing on the 19th. (Xinhua News Agency)

Trump: Restoration of Navigation in the Strait of Hormuz 'Doesn't Need Much Help'

On June 16, during the G7 summit in Évian-les-Bains, France, U.S. President Trump stated that the restoration of navigation in the Strait of Hormuz 'doesn't need much (external) help.' Trump made this remark during a meeting with French President Macron, who earlier that day indicated that several European countries are prepared to participate in escort operations in the Strait of Hormuz. The G7 consists of the United States, the United Kingdom, France, Germany, Italy, Canada, and Japan. France is the rotating president of the G7 this year. The summit is being held from June 15 to 17 in Évian-les-Bains, France. (Xinhua News Agency)

Details of US-Iran Understanding Memorandum to be Released Soon

On June 16, Axios reported on the 15th that details of the US-Iran understanding memorandum will be released within the next 24 to 48 hours. The report also stated that both sides will initiate technical discussions later this week, linking the unfreezing of funds and the easing of sanctions to compliance. The US plans to maintain its current military presence in the region during the next phase of negotiations. (Xinhua News Agency)

Trump: Strait of Hormuz Fully Opened on Friday, Agreements Signed

On June 16, U.S. President Trump announced that the Strait of Hormuz was fully opened on Friday. All agreements have been signed. Importantly, oil prices have significantly dropped while the stock market is rising. Iran will not possess nuclear weapons. (Regarding Iran) strong regulations will be implemented. The U.S. expects that free passage through the Strait of Hormuz will also be part of the final agreement. (Jin Shi)

Iranian Foreign Minister Announces Memorandum Signing on June 19

On June 15, Iranian Foreign Minister Amir-Abdollahian stated that a meeting between the heads of the Iranian and American negotiating delegations is expected to take place in Switzerland on June 19, during which a memorandum of understanding between Iran and the United States will be signed, followed by the first round of subsequent negotiations. (CCTV International News)