Peace deal done, Bitcoin back above $66K ๐ŸŽ‰

Oil drops, BTC pops. Here's what the Iran peace deal means for crypto this week.

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PEACE DEAL, OIL DROP, BITCOIN BACK ABOVE $66K ๐Ÿ“ˆ

Happy Monday, Hodlers!

Over the weekend, Trump announced that a peace deal with Iran is done, and that the Strait of Hormuz is reopening to shipping. Markets reacted fast: oil dropped, risk appetite returned, and Bitcoin climbed back to $66,500, its highest level in two weeks.

Here's everything else moving the market this Monday.


๐Ÿ“ฐ TOP STORIES OF THE DAY

Bitcoin Nears $66K After Trump's Iran Peace Deal Announcement

Bitcoin jumped past $65,900 after Trump declared the Iran deal "complete" and ordered the Strait of Hormuz reopened. Oil dropped roughly 5%, while Zcash, Hyperliquid, and Near posted double-digit gains. Next up: Wednesday's Fed decision, the first under new chair Kevin Warsh.

ARK Invest Buys $500M SpaceX Stake After Record IPO

Cathie Wood's ARK built a $500M+ position in SpaceX on its first trading day, after the IPO became the largest debut on record at a $2.1T valuation. To fund it, ARK sold hundreds of millions in other holdings, a rotation that could pull short-term capital away from crypto.

a16z Opens Seoul Office With Crypto-First Strategy in Asia Push

The $100B VC firm has opened a new Seoul office, leading with crypto as it expands across Asia. Led by Park Seong-mo, a16z Crypto's APAC go-to-market head, the office will help portfolio companies with hiring, partnerships, and market entry across Korea and the wider region.

EU Crypto Deadline Forces Crypto Firms to Exit by July 1

The EU's MiCA transition period ends July 1, and an estimated 75% of the 3,000+ firms previously operating under national licenses are expected to lose their ability to serve EU customers. If you're in the EU, now's the time to check whether your platform is actually licensed.

๐Ÿฆ MONDAY TWEETS

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Disclaimer: We're here to entertain, not to be your financial guru. This newsletter is purely for educational purposes and does not constitute financial advice or a magical fortune-telling session. So, grab your popcorn, enjoy the read, but remember to use your own wits and conduct thorough research before making any money moves. Stay curious, my friend!