US Iran signs Islamabad memorandum of understanding, Iran opens Strait of Hormuz, US lifts blockade

Ray Dario, founder of Bridgewater Fund, said that the financial situation of the United States continued to deteriorate, with government spending of about $7 trillion and revenue of about $5 trillion, and the deficit size was close to 40%. Moreover, the decline in the financing demand for US treasury bond bonds and debt holders' concerns about the risk of sanctions exacerbated the imbalance between supply and demand, making the economy enter a high-risk stage between the 2026 mid-term election and the 2028 presidential election.

[Kentucky Sues Kalshi and Polymarket, Accusing Them of Offering Illegal Gambling] According to CoinDesk, the Attorney General of Kentucky has filed a lawsuit against prediction market platforms Kalshi and Polymarket, accusing them of offering unlicensed illegal sports betting services in the state and failing to provide gambling addiction support resources as required by state law.

[Coinbase to Launch Re Spot Trading] Coinbase announced it will launch Re spot trading. Re deposits will not be available until the asset issuer unlocks the transfer function.

According to Lookonchain monitoring, Garrett Jin sold 184100 HYPEs worth $13.55 million at a price of $73.6 yesterday, and repurchased 81700 HYPEs worth $6 million today.

According to Reuters, Italian fintech company Conio has obtained an EU crypto asset service provider license to provide custody, transfer, and placement services for digital assets under the MiCAR framework. The license was granted after a joint review by Italian market regulator Consob and Italian banks.