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Wall Street rallied with the Dow Jones hitting a record high as Middle East peace hopes boosted investor sentiment. S&P 500 on track for longest weekly win streak in months.

Binance has publicly disputed a Wall Street Journal report alleging that Iranian financier Babak Zanjani moved $850 million through its platform. CEO Richard Teng said the claims are inaccurate. The controversy emerges amid heightened geopolitical tensions. The US has paused a $14 billion arms sale to Taiwan due to the Iran situation, and a Pakistani field marshal is traveling to Tehran to broker a US-Iran deal. Binance has been strengthening compliance measures in recent years, seeking to distance itself from sanctioned entities. This dispute highlights the compliance challenges crypto exchanges face amid geopolitical conflicts. ...

Fundstrat’s Tom Lee argues that trillions in upcoming IPO supply from SpaceX, Anthropic, and OpenAI can ultimately be absorbed by the market without crashing the S&P 500. The Dow Jones has surged 300 points to a record high this week.

House Oversight Chairman Comer has launched an investigation into insider trading on prediction market platforms Kalshi and Polymarket, sending letters to both CEOs with a deadline to respond by June. The move follows India’s recent crackdown on Polymarket. Prediction markets, as an emerging financial instrument, operate in a regulatory gray area. The probe will examine whether trades exploiting non-public information have occurred, whether platforms have adequate monitoring mechanisms to detect and prevent insider trading, and whether prediction markets should fall under CFTC oversight. ...

OKX and the Intercontinental Exchange (ICE) are partnering to bring “never-expiring” oil futures contracts to 120 million crypto users. The partnership draws on the success of Hyperliquid’s oli perpetual oil futures, which have seen over $1 billion in trading volume.

A Pakistani field marshal has traveled to Tehran in an effort to broker a peace deal between the United States and Iran, according to Axios. Pakistan is seeking a breakthrough in the stalled US-Iran negotiations. The diplomatic push comes after Secretary Rubio said the Iran peace talks had made “slight progress,” while firmly rejecting Iran’s proposed Strait of Hormuz “tolling system.” Pakistan, as a nuclear-armed Muslim-majority country with relatively close ties to Washington, occupies a unique mediating position. ...

Trump Media & Technology Group (DJT) has moved another $205 million in bitcoin, swelling its unrealized cryptocurrency losses to $455 million. The president’s publicly traded company continues to face pressure on its bitcoin strategy. DJT now sits on hundreds of millions in unrealized crypto losses, raising investor concerns about its financial health. The figure underscores the market volatility risk of corporations holding bitcoin as a reserve asset. While bitcoin trades near $77,000, DJT’s entry cost is clearly far above current market prices. ...

UK scientists are developing a vaccine for the current Ebola outbreak in the Democratic Republic of Congo, with clinical trials expected to begin within months. The outbreak involves the rare Bundibugyo species of Ebola, which kills approximately one-third of those infected and has no approved vaccine. The WHO has upgraded its risk assessment, saying the outbreak is “spreading rapidly.” In eastern DR Congo, angry crowds burned medical tents after being prevented from burying the body of a suspected Ebola victim, highlighting community resistance to containment measures. ...

Indian regulators have cracked down on prediction markets, with Polymarket ceasing operations in the country. CoinDesk reports that other platforms like Kalshi could face similar restrictions. The move reflects a tightening regulatory trend for prediction markets globally. Meanwhile, Polymarket is eyeing entry into the Japanese market and has appointed a regional representative.

US Secretary of State Rubio publicly stated that Cuba poses a threat to US security, with Havana responding by calling the allegations “lies.” The diplomatic spat reflects ongoing tensions in US-Cuba relations. Rubio has long been a supporter of hardline policies toward Cuba, and this statement may signal that the US will take further sanctions or diplomatic pressure measures against the island nation.