Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan

N
News Editor
2026-06-21 16:00:50
Key items for June 22-28 include US-Iran developments, South Korea’s AI guidelines for finance, Marvell’s S&P 500 inclusion, Micron’s earnings, US economic data, a US House digital finance roundtable, Binance rule changes, Base’s Beryl hard fork and SpaceX’s planned bond sale of at least $20 billion.
Weekly WatchUS-IranMicron TechnologyBaseBinanceSpaceXDigital Finance

The week of June 22 to June 28 brings a dense schedule across macro markets, technology policy and digital assets. Last week, the United States and Iran signed a preliminary agreement, creating room to extend a ceasefire, restore shipping through the Strait of Hormuz and advance subsequent nuclear negotiations. The item also notes that investor expectations for further easing in the Middle East rose after those developments.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 2

June 22: South Korea’s AI finance rules and S&P 500 changes

South Korea’s Financial Services Commission released a revised version of its “Guidelines on Artificial Intelligence in the Financial Sector” on the 18th, with implementation scheduled for June 22 across the financial industry and FinTech companies. The new guidelines apply to financial companies introducing AI and to FinTech firms that affect financial transactions. They establish seven principles: governance, legality, auxiliary role, trustworthiness, financial stability, duty of integrity and security.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 3

The South Korean government plans to relax certain network-isolation security requirements applied to some financial institutions, improve consent systems for personal credit information, refine rules for data anonymization and data combination, and study responsibility and authority rules for AI Agents as well as dedicated AI regulatory measures. On June 22, the same day the guidelines take effect, South Korea’s Financial Supervisory Service will release an AI risk management framework for the financial sector, while the Korea Financial Security Institute will issue AI security guidelines for finance.

S&P Dow Jones Indices announced that Marvell Technology will officially join the S&P 500 Index on June 22. The source item states that Marvell Technology rose more than 7% in US pre-market trading after the news. Flex shares also rose after the company was included in the S&P 500 Index.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 4

June 24-25: Micron earnings, US data and digital finance talks

After the US stock market closes on June 24, memory giant Micron Technology will release its latest results and guidance. At 20:30 Beijing time on June 25, the United States will publish several economic indicators, including initial jobless claims for the week ending June 20, the annual rate of the US core PCE price index for May, the monthly rate of US personal spending for May, the final annualized quarterly rate of real GDP for the first quarter, the preliminary and final quarterly rates of real personal consumption expenditures for the first quarter, the final annualized quarterly rate of the core PCE price index for the first quarter, the monthly rate of the core PCE price index for May and the monthly rate of durable goods orders for May.

US Representative William Timmons, a Republican and chair of the House subcommittee on military and foreign affairs matters cited in the source, announced that a roundtable on digital finance will be held on June 25. The meeting will focus on how digital assets and cryptocurrencies can help individuals protect wealth, obtain assistance and maintain economic autonomy. It will also discuss the intersection of digital finance and US national security interests, and examine how the United States can maintain competitiveness in digital finance by promoting financial innovation.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 5

Binance said in an official announcement that at 05:00 UTC on June 25, 2026, it will adjust the minimum price movement units for a number of spot trading pairs. The affected pairs include BAND/USDT, BICO/USDT, BOME/TRY, BOME/USDC, BOME/USDT, C98/USDT, CATI/TRY, CATI/USDC, CATI/USDT, DOGS/TRY, DOGS/USDC, DOGS/USDT, DYM/TRY, DYM/USDC, DYM/USDT, EDEN/TRY, EDEN/USDC, EDEN/USDT, GALA/USDC, GALA/USDT, KGST/U, KGST/USDT, LSK/USDT, ME/TRY, ME/USDC, ME/USDT, PYTH/USDC, PYTH/USDT, RAY/USDC, RAY/USDT, SYN/USDC, SYN/USDT, USDC/USD, USDT/USD, XPL/TRY, XPL/USDC and XPL/USDT. Binance said the adjustment is intended to increase market liquidity and improve trading experience. Existing orders will not be affected, and users need to adjust their trading bots accordingly.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 6

June 26: Base Beryl mainnet hard fork and QKC network support

Base, the Layer 2 network under Coinbase, is preparing to launch the Beryl hard fork upgrade. The upgrade introduces the B20 native token standard, reduces the final confirmation period for single-proof withdrawals from seven days to five days, and upgrades to Reth V2. According to the source item, Reth V2 reduces disk usage by 50% and improves throughput by 33%. Beryl is scheduled to activate on the Sepolia testnet at 2:00 a.m. UTC+8 on June 19 and on the mainnet at 2:00 a.m. UTC+8 on June 26.

B20 is Base’s native token standard. It is an ERC-20-compatible token implemented through Rust precompiles and is designed for issuers of stablecoins, RWAs and long-tail tokens. Its built-in compliance toolkit includes transfer policies, freezing and seizure functions, role-based access control, memos and supply caps. On withdrawals, the final ruling window for the single-evidence dispute resolution process will be reduced from seven days to five days. The dual-proof fast track introduced by Azul, based on TEE plus ZK, remains at one day.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 7

Binance also announced that it will stop supporting deposits and withdrawals of QuarkChain (QKC) tokens through the BNBSmartChain network at 16:00 Beijing time on June 26, 2026. After that time, deposits made through this network will not be credited to accounts and may lead to asset losses. Users can continue to deposit and withdraw through other networks supported by Binance. The June 28 section in the source lists no specific scheduled items.

Timing not fixed: SpaceX bond sale to replace bridge loan

Among items without a fixed date, people familiar with the matter said the banking team working with SpaceX (SPCX.O) could begin investor calls as soon as next week to discuss a bond issuance plan after the company completes a record IPO. The sources said the bond sale is expected to be at least $20 billion, and investor discussions could begin as early as Monday, while the plan and timing remain subject to change.

Weekly Watch: US-Iran Developments, Micron Earnings, Base Beryl Upgrade and SpaceX Debt Plan 8

SpaceX plans to issue investment-grade US dollar bonds for the first time. Proceeds from the offering will be used to replace a $20 billion bridge loan maturing in September 2027. SpaceX’s IPO filing submitted to the US Securities and Exchange Commission shows that, as of March 31, the bridge loan accounted for the bulk of the company’s $29.1 billion in long-term debt. The people cited in the source said Bank of America, Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley jointly provided the bridge loan and will lead the underwriting of the bond issuance.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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