Reuters: U.S. and Iran Electronically Sign Peace MOU, Further Talks Planned
Bitcoin (BTC) price has rebounded to 67,000 USD for the first time in two weeks, buoyed by growing optimism surrounding U.S.-Iran peace prospects.
As of 9:15 a.m. (Korean time) on Tuesday, the South Korean Bitcoin price on Bithumb was trading at 99,655,000 KRW (approximately $65,822), down 0.34% from the same time the previous day.
Simultaneously, CoinMarketCap reported the global Bitcoin price had risen 0.97% to 66,236 USD. Earlier that morning, it briefly touched 67,229 USD, reclaiming the 67,000 USD mark for the first time in about two weeks since June 3.
Industry analysts attribute the improved risk asset sentiment to heightened expectations of a peace agreement between the U.S. and Iran. This follows reports that both parties completed electronic signatures ahead of the scheduled a memorandum of understanding (MOU) signing ceremony in Geneva, Switzerland on June 19.
Reuters reported on Monday that U.S. President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf electronically signed the peace MOU between the U.S. and Iran on the same day.
A senior U.S. official stated that it appears Speaker Ghalibaf received signing and negotiation authority from the Supreme Leader. This agreement is expected to significantly boost shipping traffic through the Strait of Hormuz.
The official added that agreement details are likely to be disclosed within 24 to 48 hours, with technical discussions set to commence later this week.
Upcoming negotiations are anticipated to address key issues including sanctions relief for Iran, unfreezing of assets, and limitations on its nuclear program.
Meanwhile, the fear and greed index from crypto data provider Alternative.me rose 3 points to 23. This index indicates extreme fear near 0 and extreme greed approaching 100.
Polymarket Skyrockets to 6th Place in U.S. App Store Rankings
Prediction market platform Polymarket has surged to 6th place in the U.S. App Store rankings, driving a significant increase in user adoption.
TheBlock reported on Monday that Polymarket climbed from 117th to 6th place in the U.S. App Store this month. Its cumulative trading volume for June has already exceeded 1 billion USD.
The platform’s growth is largely attributed to increased participation in prediction markets centered around major sporting events like the National Basketball Association (NBA) and World Cup.
Strategy Acquires 1,587 Additional Bitcoins
Strategy, the U.S. software company holding the world’s largest Bitcoin reserve, has purchased an additional 1,587 Bitcoins.
TheBlock reported on Monday that Strategy invested 100 million USD last week to acquire these additional Bitcoins, bringing its total holdings to 846,842.
At current market rates, Strategy’s Bitcoin holdings are valued at approximately 56.3 billion USD. However, with Bitcoin’s price below Strategy’s average purchase price, the company faces an unrealized loss of around 7.8 billion USD.
Hyperliquid Spot ETF Surpasses $900 Million in Trading Volume
The Hyperliquid (HYPE) spot exchange-traded fund (ETF) has exceeded 900 million USD in trading volume just one month post-launch.
According to The Block’s Monday report, the Hyperliquid spot ETF’s cumulative trading volume has surpassed 900 million USD, with net inflows of 153 million USD during the same period.
Currently, three asset management firms offer the Hyperliquid spot ETF: 21Shares with THYP, Bitwise with BHYP, and Grayscale with HYPG.