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U.S. Treasury Secretary Says Funds from Iranian Accounts Will Compensate Gulf States' Losses

According to market news: The U.S. Treasury Secretary stated that funds from Iranian accounts will be used to compensate Gulf states for their losses.

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    On June 12, CNN reported that Trump claimed today (Eastern Time on the 11th) that the United States has 'ended' its war with Iran, following his assertion that both sides have agreed to a 'very strong memorandum of understanding' to cease hostilities. During a phone call supporting Georgia's Lieutenant Governor Burt Jones in his gubernatorial campaign, Trump stated, 'I don’t know if you’ve heard, but today we ended the war with Iran, and they have agreed to never have nuclear weapons, which is our insistence and the entire goal, making up 95% of the agreement.' This statement came after Trump earlier today canceled further strikes against Iran, hinting on the 'Truth Social' platform that an agreement had been reached, though he did not elaborate on the terms. Iran has yet to confirm any agreement has been reached.

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    On June 11, according to CCTV International News, in light of the recent frequent mutual attacks between the US and Iran, Li Zixin, an assistant researcher at the China Institute of International Studies, analyzed that the current confrontation between the US and Iran is at risk of sliding into a low-intensity, normalized state. The US's logic of promoting talks through military action inherently requires continuous pressure, but American military operations are bound to face reciprocal retaliation from Iran. This spiral of military retaliation could easily lead both sides into a prolonged state of conflict. The US government has threatened to strike Iranian power plants and bridges, and should it cross the red line of military targets, Iran will inevitably escalate its retaliation. The US does not want to get involved in ground warfare, and Iran's economy cannot bear a prolonged blockade, so both sides are still maintaining contact through indirect channels. Therefore, it is highly likely that both will fall into a tug-of-war of conflict and negotiation, but each friction also carries the risk of misjudgment and escalation.

  • Crypto Market Bets on SpaceX's First Day Valuation at 20% Premium Over IPO Price, Reaching $2.2 Trillion

    On June 11, crypto market traders are overlooking SpaceX's expected IPO price, giving the Elon Musk-led rocket, satellite, and AI company a higher valuation ahead of its public trading debut. On Thursday morning in New York, perpetual futures linked to SpaceX were trading at approximately $165 on crypto exchanges like Hyperliquid and Binance, implying a valuation of about $2.2 trillion. The company is issuing shares at a fixed price of $135 in a record initial public offering. SpaceX's IPO is set to complete its pricing process on Thursday. Bloomberg reported on Wednesday that the subscription demand for this offering is reportedly more than four times the offering size. Insiders suggest that the terms of the offering are unlikely to change, meaning SpaceX will raise about $75 billion at a valuation of approximately $1.8 trillion. Amidst Musk supporters who are largely disregarding valuation in their enthusiasm for SpaceX stock, and seasoned investors like Jim Chanos labeling it as a 'hope and dreams IPO,' crypto perpetual contract traders seem to side with the former, despite prices having retreated from above $200 in May.

  • US Stocks Pull Back; S&P 500 and Nasdaq Turn Negative

    On June 11, the S&P 500 and Nasdaq turned negative, while the Dow Jones Industrial Average's gains narrowed to 0.4%.

  • Iranian Armed Forces Enter Highest State of Readiness

    On June 11, according to the Tasnim News Agency, Ibrahim Azizi, chairman of the National Security Committee of the Iranian Islamic Parliament, stated that the Iranian armed forces are currently in the highest state of alert and are prepared to respond to various threats and challenges.

  • Trump's New Fed Chair May Soon Be Forced to Raise Rates

    On June 11, President Donald Trump appointed Kevin Warsh as the new chair of the Federal Reserve, who had previously advocated for the possibility of rate cuts—a position that endeared him to the president, as Trump has long viewed rate cuts as a primary policy goal. Just weeks into his tenure, Warsh is facing a resurgence of inflation, which could ultimately compel him to diverge from the rate policy favored by Trump and utilize the Fed's core tools to combat inflation. The Consumer Price Index (CPI) released this week showed that the inflation rate has surpassed 4% year-on-year for the first time, reaching a three-year high. About a week after the release of this hot inflation report, Warsh will preside over his first regular policy meeting, which may set the policy tone for the early part of his term. Meanwhile, previously released employment data exceeded expectations, highlighting the resilience of the labor market—another key economic indicator that the Fed monitors. "The critical test for Warsh in the early part of his term will be whether he will implement the rate cuts that Trump is strongly advocating for," said David Wilcox, an economist at Bloomberg Economics and the Peterson Institute for International Economics. "The evolution of the economic situation may put Warsh and his colleagues in a dilemma: refusing to cut rates, and possibly even raising them, thereby defying Trump." The logic for raising rates is clear: an overheating economy and an exceptionally strong job market would increase borrowing costs for various loans, thereby suppressing demand and preventing economic overheating. As a former Fed chair once said, the classic role of the Fed is to "take away the punch bowl when the party is at its height." The question is whether Warsh will press this button, and when he will act. The Fed's meeting next week is almost certain to keep rates unchanged, but investors are increasingly predicting that the central bank will shift to raising rates before the end of the year.

  • TSMC Shares Rise Over 2%, 3nm Foundry Prices May Increase by 15%, Capacity Fully Utilized Yet Still in Short Supply

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  • Iran Responds to Trump's Threat: Will Launch Stronger Retaliation Against the U.S.

    On June 11, the head of Iran's Parliament National Security Committee responded to U.S. President Trump's threats against Iran, stating that he will face a stronger and more painful retaliation.

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  • Trump Uncertain About American Support for Seizing Iran's Khark Island

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