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On the 18th, the US Dollar Index surged by 0.75%, closing at 100.846 in the foreign exchange market.

On June 19, according to a report by the Islamic Republic News Agency on the 18th, Iran's Supreme National Security Council issued a statement saying that, based on a memorandum of understanding between Iran and the United States, vessels applying to pass through the Strait of Hormuz will be exempt from related fees for the next 60 days. The statement noted that according to Article 5 of the memorandum, commercial ships applying to transit the Strait of Hormuz must submit their applications to the Iranian Persian Gulf Strait Authority. During the 60-day period, no fees will be charged to vessels applying to pass through the Strait of Hormuz, with the costs covered by the Iranian government. Consequently, Iran has instructed the Persian Gulf Strait Authority to promptly review and respond to the relevant applications. The statement emphasized that given the current special circumstances and the existing safety risks in certain areas of the waterway, to ensure navigational safety and avoid maritime accidents, the relevant vessels must follow designated routes and specified times when passing through the Strait of Hormuz. (Xinhua News Agency)

Jinse Finance reported that on June 19, Theodore Gillibrand, son of New York State Senator Kirstin Gillibrand, raised $30 million in funding for his perpetual contract trading platform, American Perpetuals Exchange Corporation (APEC), led by Lux Capital, with a valuation of approximately $300 million.According to a memorandum dated June 4, APEC plans to apply for a Designated Contract Market (DCM) license and is seeking special exemptions to list single stock perpetual contracts under joint regulation by the CFTC and the SEC. The two regulatory agencies are currently cooperating on regulatory coordination for emerging assets such as perpetual contracts.The memorandum notes that the lack of regulated perpetual contract trading platforms in the United States has not eliminated market demand but has instead pushed trading overseas. APEC also plans to apply for a Derivatives Clearing Organization (DCO) license to enable internal clearing. Theodore Gillibrand is a recent Stanford University graduate and has previously worked at Paradigm and a16z. His mother, Kirstin Gillibrand, is a key supporter of the crypto industry and has co-sponsored the GENIUS Act stablecoin bill.