Odaily Planet Daily News: Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Iranian Foreign Minister Araqchi on the 17th at the latter's request. Araqchi briefed Wang on the progress of the first phase of the memorandum of understanding reached between Iran and the United States, and expressed his sincere gratitude to China for its positive role in promoting the negotiations and reaching the agreement. Araqchi stated that the memorandum of understanding should be effectively implemented, including Israel's cessation of military operations in Lebanon. Iran has always viewed its relations with China from a strategic perspective and looks forward to enhancing mutual trust, deepening cooperation in various fields, and jointly advancing the comprehensive strategic partnership between the two countries. The issue of navigation in the Strait of Hormuz should be handled properly, responding prudently to the widespread concerns of the international community. China supports Iran in improving relations with regional countries and exploring the joint construction of a regional security architecture. China is willing to strengthen communication and coordination with Iran, and while consolidating and deepening China-Iran relations, continue to contribute to maintaining and promoting regional peace and stability. (Xinhua)

In the past hour, total liquidations across the network reached $21.61 million, with $18.76 million from long positions, with $2.85 million from short positions. BTC liquidation $1.67 million, ETH liquidation $1.79 million.

Odaily Planet Daily reports that Wintermute announced on its X platform that it has completed its first SPCX OTC option trade (SPCX is SpaceX's stock ticker after its Nasdaq listing). Previously, Wintermute stated that its OTC trading platform had completed its first single-stock CFD trade with SpaceX (SPCX) as the underlying asset.

Rodney “Bitcoin Rodney” Burton, a resident of Miami, Florida, has pleaded guilty in federal court to participating in a cryptocurrency fraud scheme related to HyperFund, involving approximately $1.8 billion. According to federal prosecutors in Maryland, Burton admitted to conspiracy to operate an unlicensed money transfer business, admitting to promoting the Ponzi scheme between June 2020 and January 2022 and profiting approximately $7.85 million. Law enforcement officials stated that HyperFund attracted investors with promises of high returns of 0.5% to 1% per day, but there was no real cryptocurrency mining or sustainable source of income; the funds were essentially raised from new investors, constituting a typical Ponzi scheme structure, and withdrawals were restricted starting in 2021. The U.S. Department of Justice stated that the project raised funds from investors globally and used them for promotion and fund transfers, forming a large-scale cross-border wire fraud network. Burton could face up to five years in federal prison; a sentencing hearing is scheduled for July 23. Law enforcement agencies stated that the case is being investigated jointly by the IRS Criminal Investigations Division and the Homeland Security Investigations Bureau. (U.S. Department of Justice)

Odaily Planet Daily reports that renowned trader Ansem posted on X: "Bitcoin is currently at a rather important level, retesting the key weekly resistance level around 65,000-66,000. I'm not planning to go long here at the moment because I feel there are other more suitable targets for long positions, but if Bitcoin's weekly (or daily) chart can close above this resistance level, it will likely retest 72,000 next – I personally prefer this scenario. If I'm wrong, and we see the market weaken and break below 63,800, then I will turn bearish, and it may retest 60,000 next. If the market does provide an opportunity (for example, by providing a stop-loss/invalidation level above a lower-level consolidation platform before breaking down), I will enter this short position. The Fed's interest rate meeting at 2:30 PM today (early tomorrow morning Beijing time) may influence the next direction."