Odaily Morning News

1. HYPE short positions lost over 36 million USD, whale Loracle closed out BTC, LIT, TON, and VVV short positions;

2. Trump: An agreement with Iran is very close, and if the deal is unfair to the US, military means will be used again;

3. Chinese real estate company owner kidnapped and killed after family failed to pay a 2 million USD cryptocurrency ransom;

4. A whale deposited 3.12 million USD in USDC to HyperLiquid and purchased 45,900 HYPE;

5. US media: Trump tightens terms of the Iran deal, amended proposals have been submitted to Iran;

6. Trapped ship provides audio recording, US and Iran continue standoff over merchant vessel passage;

7. Controversy arises over Trump’s crypto-related personal interests, "Fit for Purpose Act" still awaits a full Senate vote;

8. Draft US-Iran memorandum of understanding aims to allow Iran to control the Strait of Hormuz and help unfreeze 12 billion USD in assets within 60 days;

9. a16z crypto: Prediction markets still need to address challenges of manipulation risk and information bias;

10. Duan Yongping re-evaluated Pop Mart: from "don't understand, don't touch" to becoming the second largest shareholder, says Wang Ning is like Steve Jobs.