According to a U.S. official and a source familiar with the matter, after three weeks of fighting, the Trump administration has begun preliminary discussions on the next phase and possible forms of peace talks with Iran. President Trump said on Friday he was considering a “gradual end” to the war, but U.S. officials said fighting is expected to continue for another two to three weeks. Meanwhile, Trump's advisors hope to begin preparations for diplomatic mediation. Sources revealed that Trump's special envoys Jared Kushner and Joshua Witkov are involved in discussions about potential diplomatic avenues. Any agreement to end the war must include reopening the Strait of Hormuz, addressing Iran's highly enriched uranium stockpile, and reaching a long-term agreement on Iran's nuclear program, ballistic missiles, and support for proxies in the region. Other sources indicated that although Egypt, Qatar, and the UK have all conveyed messages to the U.S. and Iran, there has been no direct contact between the two countries in recent days. Egypt and Qatar have informed the U.S. and Israel that Iran is willing to negotiate, but on very tough terms, including a ceasefire, guarantees against future war, and reparations. (Axios)

According to Coinglass data, the total liquidation amount across the network in the past hour reached $116 million, of which $109 million were long positions and $6.69 million were short positions. In addition, the liquidation amount of BTC reached $44.75 million and the liquidation amount of ETH reached $42.02 million.

Ethereum leverage positions have been reopened following a market downturn. According to PANews, on-chain data monitoring revealed that after Ethereum long positions were fully liquidated due to a decline in the crypto market earlier this morning, Huang Licheng, also known as Machi Big Brother, reopened a 25x leverage Ethereum long position an hour ago. The current position holds 2,200 ETH with an entry price of $2,091 and a liquidation price of $2,061.

Cinda Futures has highlighted that the current trajectory of gold prices is primarily influenced by rising energy costs, which are constraining interest rate expectations. According to Jin10, the ongoing Middle East conflict has kept crude oil prices elevated, with Brent crude futures consistently above $100. This situation has heightened market concerns about persistent inflation. In this context, market sentiment regarding the path of inflation decline has become cautious, weakening the pricing of interest rate cuts and temporarily strengthening the U.S. dollar, which in turn pressures gold. Despite previous weak employment data, inflation expectations driven by energy prices are offsetting this positive factor, making gold's financial attributes short-term bearish. On the policy front, the market widely anticipates that the Federal Reserve will keep interest rates unchanged for the second consecutive meeting. However, the key focus remains on forward guidance regarding interest rates, particularly Federal Reserve Chair Jerome Powell's assessment of inflation and geopolitical conflicts, which will directly influence market expectations for future easing measures.

According to on-chain analyst Ai Yi, the ResolvLabs stablecoin appears to have a vulnerability. The team has not yet responded. An address used 100,000 USDC to mint 50 million USR, causing USR to plummet to $0.257, a drop of 74.2%, before recovering to $0.7847.

Analyst @ai_9684xtpa posted on X that a recent minting error involving 100,000 USDC resulted in the creation of 50 million USR, causing a significant disruption in the stablecoin market. The incident led to a dramatic drop in the value of USR, plummeting to $0.257, marking a 74.2% decrease. The price has since recovered to $0.7847. The Resolve team has yet to issue a response regarding the situation.

Following Trump's "48-hour ultimatum," oil prices surged. Possibly influenced by this, on-chain data monitoring shows that Sky's long positions in WTI crude oil futures (CL) with 20x leverage and Brent crude oil with 7x leverage have both turned a profit, currently showing floating profits of approximately $155,000 and $130,000 respectively. Furthermore, his short positions in the Nasdaq 100 (7x leverage) and S&P 500 (20x leverage) are also profitable, bringing his total position value to approximately $11.55 million.

According to market sources, Brazil's finance minister revealed plans to postpone a decision on cryptocurrency tax policies until after the country's presidential election in October 2026. (Cointelegraph)

Hyperbot data shows that after the crypto market crash this morning led to the liquidation of all Ethereum long positions, Machi Dage Huang Licheng opened a new Ethereum long position with 25x leverage just one hour ago. He currently holds 2,200 ETH, worth approximately $4.62 million, with an entry price of $2,091 and a liquidation price of $2,061.

Brazil's Finance Minister, Dario Durigan, has decided to postpone the country's crypto tax policy discussions until after the presidential elections scheduled for October 2026. According to Cointelegraph, this move aims to avoid introducing potentially divisive tax changes during an election year. Initially, regulators and government officials planned a public consultation on the crypto tax policy for later this year, but sources familiar with the matter have indicated that this may be delayed until 2027, although it remains a priority.In June 2025, Brazil shifted from a no-tax policy on gains from smaller cryptocurrency sales or transfers to a 17.5% flat tax on crypto capital gains, including those from offshore and self-custodial holdings. Previously, residents selling up to 35,000 Brazilian real per month, approximately $6,587, were exempt from capital gains taxes, while those exceeding this threshold faced progressive tax rates ranging from 15% to 22.5%. In November 2025, Banco Central do Brasil, the country's central bank, issued rules treating stablecoin transfers as foreign currency exchange, subjecting them to the same tax laws.The Brazilian government is also considering proposals to tax cryptocurrencies used for international payments and is aligning its reporting rules with the Crypto-Asset Reporting Framework (CARF), an international standard for monitoring crypto transactions. The decision to pause the crypto tax consultation comes at a time when Brazil is experiencing rapid crypto adoption, with the industry growing significantly in the country. Brazil ranks fifth globally in terms of crypto adoption, according to Chainalysis's Global Adoption Index, and holds the top position in Latin America.Brazil's population exceeds 213 million, with a median age of 33.5 years, and over 91% of its citizens reside in urban areas, as reported by Worldometer. In 2025, Chainalysis noted a 63% increase in crypto adoption across Latin America, reflecting growth in both retail and institutional segments. This trend underscores the expanding influence of cryptocurrency in the region, as Brazil continues to be a key player in the global crypto landscape.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3003, providing you with the latest and fastest news on the digital currency and blockchain industry.

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Cursor was accused of being based on Kimi K2.5, sparking controversy, but it was later confirmed that it was licensed through Fireworks AI compliance.

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The sharp drop was mainly due to the Middle East conflict pushing up oil prices and suppressing expectations of interest rate cuts, coupled with tightening dollar liquidity triggering a sell-off.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3002, providing you with the latest and fastest news on the digital currency and blockchain industry.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.