Odaily’s morning brief focuses on several developments across geopolitics, crypto regulation, market data services, on-chain derivatives, and large ETH positions. Trump said the Strait of Hormuz will reopen after an agreement is signed on Friday. Following confirmation that a US-Iran agreement has been reached, crypto assets and gold rose sharply, while oil prices plunged.
US-Iran memorandum includes Hormuz reopening and frozen funds
Iranian media released detailed terms of the US-Iran memorandum of understanding. The terms include reopening the Strait of Hormuz and releasing $24 billion in frozen Iranian funds. These details align with Trump’s statement that the strait will open after the agreement is signed on Friday, making the US-Iran deal the central macro item in this update.
MiCA deadline and Hyperliquid market data access
On the regulatory side, about 75% of crypto platforms in the European Union face losing their operating eligibility as the MiCA grace period approaches its end. The grace period is scheduled to expire on July 1, 2026. In a product and data update, Futu’s Moomoo has integrated on-chain perpetual contract market data from Hyperliquid, giving users access to Hyperliquid perpetuals pricing information.
On-chain activity also remains active. A whale described as having a 90% win rate is shorting 17,000 ETH and currently has an unrealized loss of $140,000. Separately, the attacker involved in the Venus liquidation incident sold 1,912 ETH to repay an Aave loan. In the AI sector, Anthropic has sent senior technical staff to Washington to resolve a White House dispute that led to its top AI model being taken offline.