🚨Today, an Iranian delegation of 17 people arrived at the Serena Hotel in Islamabad. Ghalibaf and Araghchi will come. - Saudi source

🚨Details of the latest US-Iran draft proposal, according to Amit Segal & various other journalists [Key US Concessions in bold]:

• Iran commits to a 15-year enrichment suspension, with the exception of research reactors for medical isotopes.

• Iran's stockpile of 60% and 20% enriched uranium would be partially converted to reactor fuel, and partially 'downblended' to a lower enrichment level. However, it won’t leave Iran.

• IAEA supervison on nuclear sites.

• Opening the Strait of Hormuz, with the possibility of collecting tolls.

• The US will offer Iran phased sanctions relief.

• The US will unfreeze all Iranian assets currently frozen abroad, amounting to $20 Billion or more.

• The US will commit to a non-aggression pact with Iran that is ensured through a UN National Security Council resolution and a treaty ratified by Congress.

• The US will withdraw all its military forces from the Persian Gulf.

Through a Middle East lens, these look like big concessions. Through a Taiwan lens, they point to a China pivot.

Sanctioning Iranian oil is bad for Taiwan because it just creates a 'dark' supply glut that China buys at a massive discount to fuel its military machine.

Polymarket is in talks to raise $400 million at a $15 billion valuation to invest heavily in event based trading, per The Information.

Aave lost $9.5B in deposits over two days. Hackers stole $292 million in rsETH tokens from the Kelp rsETH bridge and used them as collateral to get a massive loan. Now, Aave is stuck with nearly $200 million of debt backed by toxic collateral (rsETH). This caused a massive run on deposits over the last 2 days which has pushed Aave's utilization rate close to 100%

Nearly 20k security personnel have been deployed in Islamabad, with hotels and hostels around the talks venue and routes cleared, and public transport suspended - Reuters

20k security personel isn't for Vance and Kushner. It sounds like they're getting ready for Trump to go to Islamabad. Bullish

Iranian President: War benefits no one, and while resisting threats, we need to use any reasonable and diplomatic ways to ease tensions

A lot of people fell for a lot of FUD over the weekend

WH digital assets official, Patrick Witt, sharply criticized financial institutions opposing stablecoin yield provisions of acting out of "greed or ignorance." The remarks target lobbying efforts by banks against yield-bearing stablecoins in the CLARITY Act.

How do we get boomers to park their trillions in stables without offering yield? Banks are so behind the curve that they have never heard of LUNA and UST.

Hassett: Trump said Iran peace talks will happen

Iran's refusal of second round of US peace talks was 'posturing'. Iran willing to attend second round of talks with US. - Pakistan officials

Told you 🤷‍♂️🤷‍♂️

Tom Lee's Bitmine acquired 101,627 ETH worth $235M last week, the largest weekly purchase since December. Bitmine now controls 4.1% of the ETH supply with 4.98M ETH acquired.

US Navy conducted operations in the South China Sea from April 12 to 18th; The same week as the Japanese destroyer's Taiwan Strait transit.

These drills are a clear counter enciclement signal to China.

JD Vance & US delegation to land in Islamabad within hours, nobody's playing games - Trump to NYP

Senior Iranian official to Reuters: Iran is positively reviewing participation in peace talks with US, no final decision has been made yet

🤡🤡

Hormuz strait lost its status as reliable - IEA

That's why Iran can't wait to reopen it lol

Trump says Iran ceasefire extension is highly unlikely and expires Wednesday evening Washington time

There will be a deal before that.

India: 10 of our ships safely crossed strait of Hormuz following coordination with Iran

Vance will depart later today to resume negotiations in Pakistan tomorrow Tuesday - Bloomberg

That was always the plan.

An Iranian delegation will travel to Pakistan on Tuesday. - the New York times, citing two Iranian officials

Warsh to say Fed rate autonomy is essential but earned; set to commit to be strictly independent on rates