Crypto wallet developer Exodus and tokenized finance platform Ondo have partnered to launch tokenized trading markets on the Solana blockchain, with over 200 traditional stocks and ETFs available initially. Users can trade these traditional financial products directly on-chain.

Details

According to The Block, the partnership enables Exodus users to trade tokenized traditional financial assets directly within the wallet interface. Ondo provides the underlying tokenization infrastructure, converting traditional securities into digital tokens on Solana.

Editor: GoodInfo Global News Team

Moderna (MRNA) shares jumped 14% as investors reacted positively to the company’s hantavirus vaccine development. The surge comes amid global attention on the hantavirus cruise ship outbreak, with investors optimistic about the vaccine’s commercial potential. Analysts advise monitoring clinical trial progress.

Source: Google News

The incident has drawn international attention, with Iran’s Foreign Minister Abbas Araghchi accusing the United States of engaging in a “reckless military adventure.” Araghchi claimed that the US launches attacks whenever a diplomatic solution appears within reach.

According to The Washington Post, Washington continues to hope for a “serious offer” from Tehran to advance the peace process. Secretary of State Marco Rubio, attending NATO meetings in Rome, echoed this sentiment while acknowledging that President Trump’s verbal criticisms of Iran may persist.

NATO allies have reportedly refused to grant the US permission to use their bases for potential operations against Iran, reflecting concerns about escalation among Western partners.

The Strait of Hormuz is a critical global shipping chokepoint, carrying approximately one-fifth of the world’s oil supply. Any sustained military conflict in the region could have significant implications for international energy markets and global trade.

International financial markets reacted sharply to reports that the U.S. and Iran are close to reaching an agreement to end their military conflict. Oil prices fell significantly while major global stock indices posted strong gains.

Oil Price Pullback

Both Brent crude and WTI futures declined sharply. The U.S.-Iran military standoff had been driving a risk premium in energy markets, with concerns about potential disruptions to Middle Eastern oil shipping routes.

As ceasefire prospects brightened, the risk premium quickly unwound, and oil prices gave back some of the gains accumulated during the conflict.

Stock Market Rally

Global equities rallied broadly. The Dow Jones, S&P 500, and Nasdaq all posted significant gains. European and Asian markets also received a boost.

Analysts noted that reduced geopolitical risk would improve corporate earnings expectations, particularly for energy-sensitive sectors such as airlines, transportation, and manufacturing.

Outlook

Market participants are closely watching the specific terms and implementation of any ceasefire agreement. If the deal holds, it could further consolidate the market’s optimistic sentiment.

Traders noted that “the expectation of conflict resolution alone is enough to drive a risk-asset rally.”

Source: BBC World, compiled report