Iran has proposed reopening the Strait of Hormuz and resuming nuclear negotiations if the United States meets its demands.
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Iran has proposed reopening the Strait of Hormuz and resuming nuclear negotiations within two days if the United States meets its demands. (Source: Associated Press)
In an interview with CNBC, Bitmien Chairman and Fundstrat co-founder Tom Lee discussed market trading priorities, the US midterm elections, and the Binance attack, stating that despite the volatility, he still expects the market to remain strong until the end of the year. (Source: CNBC)
Michael Thaler, executive chairman of Strategy, said that Strategy's current dollar duration is 3.3 years and the credit spread on Bitcoin for STRC preferred stock has narrowed by 1 basis point to 59 basis points. This calculation assumes an annualized return of 10% for Bitcoin, a volatility of 40%, and a Bitcoin price of $76,700.
Zhao Changpeng tweeted that more countries will realize that issuing stablecoins in their own currencies can increase demand for their currencies, which in turn will increase demand for government bonds, and the US dollar has already taken a significant lead in this regard.
European Central Bank (ECB) Governing Council member and Slovak Central Bank President Peter Kazimir stated that the market may be underestimating the tightening measures the ECB needs to take to bring inflation back to its target. The energy price shock has not yet subsided, inflation is rising again, and slowing economic growth may not be enough to curb inflation. Kazimir said that the ECB's pause in interest rate hikes last week was not the end of the tightening cycle; the key is how much more interest rates need to be raised. ECB President Christine Lagarde stated that the policy direction is clear.
OKX released its 49th Proof of Reserves (PoR) and reached its fourth anniversary milestone. The reserve assets of its four core cryptocurrencies, BTC, ETH, USDT and USDC, are worth approximately $27.8 billion, with reserve ratios of 108%, 101%, 106% and 100%, respectively.