Both sides would sign a memorandum of understanding (MOU) that would last 60 days and could be extended by mutual consent.
• During the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely.
• In exchange, the US would lift its blockade on Iranian ports and issue some sanctions waivers to allow Iran to sell oil freely.
• The US official acknowledged that would be a boon to Iran's economy, but said it would also give significant relief to the global oil market.
This would be a temporary suspension (via OFAC*) while talks continue, differing from previous US proposals. Iran is still pushing for full sanctions lifting in any final deal.
* — Office of Foreign Assets Control is the office within the US Department of the Treasury that administers and enforces most US economic sanctions.
@just
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The EF is no longer positioning itself as Ethereum's "center" but as one specialized node among many — smaller, more focused, longer-lasting, and deliberately "unreasonable" in prioritizing core values over chasing mainstream trends.
Core Focus: CROPS
• Censorship-resistant
• Robust (capture-resistant)
• Open
• Private
• Secure
EF will concentrate resources on what makes Ethereum deeply impressive in these dimensions — not raw speed/TPS (which Vitalik sees as a path to mediocrity).
• Provably bug-free Ethereum via AI-assisted formal verification.
• Unique consensus properties: safe under asynchrony (BFT-style) and secure against up to 49% attacks (Bitcoin-style).
• Intermediary minimization (e.g., better inclusion for smart contract wallets and privacy tools like Railgun via FOCIL, EIP-8141, etc.).
• EF will sell less ETH to extend its runway and longevity.
• Vitalik's own influence continues to decrease (by design); the board is expanding.
• EF will be more opinionated culturally and make hard choices, even if it means some talent/projects move outside.
The Ethereum Foundation's goal is to make Ethereum a 'sanctuary technology' in an AI-driven world of acceleration, surveillance, and corporate/government control.
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Nordic Blockchain Conference — Stockholm, Sweden (May 26–27)
Crypto Valley Conference — Rotkreuz, Switzerland (May 28–29)
Proof of Talk — Paris, France (June 2–3)
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— US and Iran close to signing temporary 60-day understanding
— Kevin Warsh has been officially sworn in as Fed Chair
— Bitcoin Pizza Day
— HYPE has flipped SOL by FDV, hits new ATH
— Telegram publicly trolls Meta
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Career officials raised red flags over fair treatment of retail users, weak fraud protections (especially at Polymarket), and incomplete reviews — but were overruled.
Acting CFTC Chair Caroline Pham and her senior counsel personally intervened to help the firms. Officials who raised concerns were placed on leave, barred from the office, and launched into internal investigations.
Over the past 16 months, the CFTC has cut its workforce, purged career staff, scaled back crypto enforcement, and strongly supported prediction markets.
This comes as the Trump family holds major financial interests in both crypto and prediction markets. Several senior officials who approved the deals later joined the companies they were regulating.
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Just News
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Indonesia blocked Polymarket after authorities classified the prediction platform as online gambling under national law.
The nationwide block aligns with restrictions in other countries, including Brazil and Argentina, as regulators increase scrutiny over whether prediction markets constitute unlicensed gambling operations.
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