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Citigroup launches Digital Depositary Receipts for wealthy and institutional investors to access private company shares via blockchain, with a Kaleido-led transaction and Citi as issuer and custodian, while SIX provides the infrastructure.
This note reports on Citigroup's introduction of Digital Depositary Receipts that let wealthy and institutional investors gain exposure to private company equity through blockchain-based securities. The launch featured a Kaleido-led transaction, with Citi acting as issuer and custodian, and SIX providing the blockchain infrastructure.

Trump threatens to strike Iran and seize Kharg Island; Bitcoin dips; US crude up to $91.75 after the post. Kharg handles ~90% of Iranian exports; Iran closes Hormuz Strait, but US says ships still transit.
Abstract: The piece links Trump's threats to Iran and Kharg Island with market moves—Bitcoin volatility and a crude price jump to $91.75. It notes Kharg's ~90% share of Iranian crude exports and reconciles Iran's proclaimed Hormuz closure with CENTCOM's statement that ships continue to transit.

A senior U.S. government official said Iran has indicated it can accept the relevant wording of the agreement. The signing date and location have not yet been finalized.

Federal indictment accuses Misam M. Abidi of running a crypto Ponzi scheme via Star Credit Holdings (2020–2024), diverting over $1.9 million to himself and relatives; faces 11 counts including wire fraud and money laundering.
Abstract: The indictment alleges Misam M. Abidi operated a crypto Ponzi scheme through Star Credit Holdings from 2020 to 2024, diverting over $1.9 million to himself and family and facing 11 counts, including wire fraud and money laundering.

Y Combinator said all of its portfolio companies could use crypto technology, including stablecoins, before long. The firm said the Clarity Act could help crypto integrate with banks and brokers.

Dogecoin surged over 6% amid the opening of SpaceX's IPO trading on Nasdaq. CoinMarketCap showed DOGE trading at $0.08882, up 5.1%.

Eight updates are summarized, including a draft US-Iran memorandum and a KINS intraday rally above 21%, plus BitMine BMNP’s anticipated NYSE listing on June 16.
Abstract: This roundup highlights eight updates, notably a draft US-Iran memorandum, a KINS intraday rally above 21%, and BitMine BMNP’s expected NYSE listing on June 16.

Blockworks acquired rival Messari in a crypto data and research consolidation; terms were undisclosed. Blockworks had recently raised at a $192 million valuation in April after signaling acquisition plans.
Abstract: Blockworks has acquired rival Messari in a consolidation of crypto data and research offerings. Financial terms were not disclosed. The deal follows Blockworks’ April funding at a $192 million valuation after it signaled plans to acquire competitors, underscoring ongoing consolidation in the crypto data space.

BNY, which has $59.4 trillion in assets under custody and administration, announced in May that it would offer Bitcoin and Ethereum custody in Abu Dhabi. Standard Chartered confirmed it will fully acquire Zodia Custody, with the deal expected to close by the end of August. Taurus argues that MPC cus

Japan's lower house passed a bill that would move cryptocurrencies under the Financial Instruments and Exchange Act and create a path to spot ETFs and a flat 20% capital-gains tax. The reform is not yet law because the bill now goes to the upper house, where passage is widely expected. Tokyo Stock E

Li Zixin notes Israel cannot block a US-Iran MOU since not a direct party, but it may fuel low-intensity friction that complicates a final ceasefire.

Abstract: This article reports on Handala's threats to World Cup security and alleged hacking of FBI surveillance drones, noting SITE Intelligence Group's dispute of some material and the lack of independent verification.
Summary: Handala threatened security at the 2026 World Cup and claimed to have hacked FBI surveillance drones; SITE Intelligence Group challenged some claims, and verification remains incomplete.

Ghalibaf says Iran-US dialogue is now impossible after an Israeli attack on southern Beirut, arguing the US lacks the will or ability to meet its commitments.
Abstract: Iranian Parliament Speaker Mohammad Bagher Ghalibaf contends that Iran-U.S. talks are now unworkable after an Israeli strike on southern Beirut, stating Washington lacks the will or capacity to fulfill its commitments.

Mehdi Mohammadi outlined three points from a proposed Iran–U.S. MOU, covering a ceasefire, asset unfreezing, sanctions relief, maritime trade limits, and later nuclear negotiations.
Abstract: This note summarizes Mehdi Mohammadi’s disclosure of three proposed points in an Iran–U.S. Memorandum of Understanding, including ceasefire arrangements, asset unfreezing, sanctions relief, maritime trade restrictions, and subsequent nuclear negotiations.

CSC said SpaceX raised $75 billion in a Nasdaq IPO at a $1.75 trillion valuation. SpaceX's first-day market cap surpassed $2 trillion. CSC said multiple Chinese liquid-fuel rockets are expected to conduct intensive maiden flights and recovery tests in 2026.

Abstract: The Incentive Dynamic Engine (IDE) introduces a dual-vault design that links token emissions to USD-denominated supplier payouts through a Reward Vault and a Fee Vault. It dynamically adjusts payouts in response to token price shifts and can allocate surplus revenue to buybacks and token burns when fees exceed targets.
Summary: Dual-vault system links token emissions to USD supplier payouts; rewards fund emissions, fees fund user payouts; payouts adapt to price changes and surplus is used for buybacks and burns when fees exceed targets.

Citigroup begins offering tokenized private-company shares to wealth-management and institutional clients via Kaleido on SIX Digital Exchange, enabling combined holdings in one account.
Citigroup is launching tokenized private-company shares for wealth-management and institutional clients, following its first investment through Kaleido. The rollout uses blockchain infrastructure provided by SIX Digital Exchange. Eligible clients will be able to hold tokenized private-equity interests alongside traditional securities in a single account. The article notes that private-company names, fee terms, and minimum investment thresholds were not disclosed.

BEAT surged more than 1,500% over the past month to a record high of $9.20 while Bitcoin and Ether fell roughly 25% and 30%. Audiera reported 772,045 BEAT in weekly revenue between June 1 and June 8 and said it burned 770,545 BEAT during the same period. The token’s RSI reached 96.87, and the

Hungary plans to decriminalize crypto trading after rules previously exposed certain crypto transactions to prison terms of up to eight years, saying restrictions hurt activity and affected hundreds of thousands.
Abstract: This brief notes that Hungary intends to decriminalize crypto trading after prior regulations had criminalized some crypto transactions with prison terms of up to eight years. Spokesperson Anita Kobol said the restrictions harmed trading activity and affected hundreds of thousands.

Bessent says any harm Iran causes Gulf allies will be compensated from Iranian accounts, and tolls paid to the Strait of Persia Authority will be offset from those funds.
Iran's actions against Gulf allies will be reimbursed from Iranian accounts, with tolls paid to the Strait of Persia Authority offset from those funds.