Asia’s richest man Mukesh Ambani’s Reliance Jio, India’s largest telecom operator, is expected to raise around 4 billion dollars through a share sale, potentially becoming one of India’s largest ever.
Strategy’s preferred stocks STRC and SATA saw sharp declines. Strive CEO Matt Cole attributes the selloff to forced liquidations from leveraged investors. Both products partially recovered after the drop.
Coinbase’s Ethereum L2 Base announces Beryl upgrade launching June 25 on mainnet, introducing B20 native token standard and cutting withdrawal delays to 5 days.
UK Information Commissioner John Edwards resigns citing inappropriate humour. He has led the data watchdog since January 2022.
Global asset manager Franklin Templeton has filed with the SEC for two new ETFs that automatically reinvest stock dividends into Bitcoin. The product marks a significant step in the convergence of traditional finance and crypto assets, with an expected effective date as early as September 1, 2026.
VP Vance cancels trip to Switzerland for next-phase US-Iran talks as Israel-Hezbollah clashes escalate sharply in southern Lebanon. Lebanon reports 18 killed in Israeli strikes; Israel confirms 4 soldiers killed by Hezbollah. The developments test the freshly signed US-Iran peace deal.
The Bank of England’s Monetary Policy Committee kept the benchmark rate unchanged at 3.75%, balancing energy price relief from Iran ceasefire developments against persistent domestic services inflation.
US Defence Secretary Pete Hegseth publicly criticised NATO allies for insufficient defence spending and announced a comprehensive review of US military deployments in Europe, signalling major pressure on transatlantic security relations.
Moscow suffered its largest drone attack since Russia’s full-scale invasion of Ukraine, with nearly 200 Ukrainian drones striking areas southeast of the capital, setting a refinery and shopping centre ablaze.
Core Summary The United States and Iran have signed a peace agreement ahead of the originally scheduled timeline, marking a turning point in months of tense confrontation. However, significant disagreements remain on nuclear facility inspections, sanctions relief timelines, and compensation amounts, with unresolved issues estimated at around $300 billion. Event Details According to Axios, representatives from both countries completed the signing of the agreement text in Geneva on the evening of the 17th, mediated by Oman. This development came at least 48 hours earlier than the timeline previously announced by the White House. The agreement framework covers cessation of hostilities, establishment of a joint monitoring mechanism, and phased lifting of economic sanctions. ...