OCC conditionally approves the establishment of Augustus Bank NA

The key price of rare earths has increased by as much as 14000% since China implemented export controls. （Cointelegraph）

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged until June is 98.2%, and the probability of cutting interest rates by 25 basis points is 1.8%. The probability of keeping interest rates unchanged until July is 85.8%, the probability of raising interest rates by 25 basis points is 12.6%, and the probability of lowering interest rates by 25 basis points is 1.6%.

During an interview with The Wall Street Journal on Tuesday, Trump stated that the blockade has left Iran "very poor" and said he will continue to maintain the blockade depending on the situation. He downplayed the US helicopter crash incident, stating that it was "not a big deal" and that the pilots were safe and sound. A spokesperson for the US Central Command stated that the crew members were rescued after staying in the water for about two hours after falling into the water at night. A senior official described the crew's successful escape as a 'miraculous escape'.

Bond traders are aggressively building positions in the SOFR linked options market, betting that the Federal Reserve may raise interest rates multiple times in the coming months, with some expecting to take action as early as the September policy meeting. Since last Friday's strong US employment report triggered a decline in the bond market, interest rate hike bets have continued to increase.

A Seattle man has been sentenced to prison for using Bitcoin and Ethereum to launder foreign fraudulent funds. （Decrypt）