Morning Minute: Trump Hints That Iran Deal May Be Close, Markets Rebound

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our caller regular quality amusement covering each of the apical stories successful 5 minutes, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors dip past rebound connected Iran progress; BTC astatine $76.9k

• BTC ETFs shed $1.25B successful outflows; HYPE ETFs spot $68M successful inflows

• SEC reverses people connected tokenized stocks, shelves plans for allowance

• Vitalik says EF volition get smaller, merchantability little ETH and absorption connected CROPS

• Hyperliquid launches caller result markets tied to offchain events

📈 Trump Hints That Iran Deal May Be Close, Markets Rebound

U.S. President Donald Trump declared a U.S.-Iran woody “largely negotiated” Saturday, and the lipid marketplace did what it’s done each clip a credible bid awesome lands: it sold disconnected hard.

Brent crude fell 7% Monday to $96, WTI shed much than 6% to $90, and astatine slightest 33 ships passed done Hormuz with Iran’s support implicit the weekend. JPMorgan is present modeling Brent astatine $60 semipermanent if tensions afloat ease. Notably, sub-$90 lipid reopens the June complaint chopped speech successful a mode that thing other this period has.

Bitcoin rebounded to $77,300 implicit the weekend, the lone large fiscal marketplace unfastened portion NYSE and CME were acheronian for Memorial Day. ETH outperformed, rebounding to the $2,128 level and HYPE reclaimed $60+, holding astatine $61.25 this morning.

Other crypto tokens rebounded arsenic well, with NEAR starring the mode up 77% connected the week and WLD up 60%.

Of people this communicative has a caveat: Trump has antecedently suggested the struggle is connected the verge of solution aggregate times, lone for tensions to escalate and prices to sprout higher again. And yesterday's "self-defense" strikes by the U.S. volition surely enactment this bid woody advancement to the test. So let’s get much ceremonial confirmation earlier getting excessively acold up of ourselves.

🔄 The SEC Just Reversed Course connected Third-Party Tokenized Stocks

Three days aft Bloomberg Law reported the SEC was leaning toward allowing third-party platforms to tokenize stocks without issuer consent, the bureau softly shelved the model indefinitely.

Traditional exchanges pushed backmost hard, arguing the attack would make complications astir dividend administration, shareholder voting, and capitalist protection. The SEC cited those concerns successful walking backmost the signal.

The reversal matters due to the fact that it clarifies the two-track world of tokenization: issuer-backed tokenization (DTCC July launch, BlackRock/JPMorgan filings, Franklin Templeton) is moving guardant with regulatory support. Third-party workarounds similar Kraken xStocks, OKX backstage institution perps, and Hyperliquid pre-IPO contracts, stay successful ineligible grey territory.