DeepFlowTech

Iran proposes a three-phase negotiation: the first phase within 30 days will turn the ceasefire into a comprehensive truce, establish an international mechanism to prevent reopening, regional ceasefires with commitments not to break them, gradually lift port blockades and open the Strait of Hormuz, clear mines, and withdraw U.S. military from surrounding waters. The second phase, lasting up to 15 years, involves discussions on a complete halt to uranium enrichment, with a return to zero stockpiles upon expiration; oppose dismantling nuclear facilities, transfer or dilute highly enriched uranium stockpiles, and gradually lift sanctions. The third phase involves strategic talks with regional countries to build a security system covering the entire region.

a16z Crypto project leader Robert Hackett pointed out that the term "stablecoin" has gradually become outdated. Stability has evolved from a response to the high volatility in the crypto market to a fundamental requirement of global financial infrastructure, shifting the focus from "whether it is stable" to "what can still be built." In the future, the concept of stablecoins may fade into broader terms like digital dollars, on-chain assets, or even fully integrated into the financial system's core, much like how electric lighting replaced gas lamps.

Thorn states that after discussions with multiple Bitcoin developers in Las Vegas, the industry is gradually reaching a consensus: the approximately 1.1 million BTC scattered across around 22k addresses controlled by Satoshi should not be touched to avoid violating property rights principles; the major risk comes from entities like exchanges that can upgrade to quantum-resistant addresses. The industry generally supports early research into quantum-resistant solutions, which also makes sense as a backup reserve; however, pushing unverified upgrades excessively could lead to protocol complexity and consensus deadlock, so it is still worth discussing and preparing in advance.

A Reuters investigation says Iran’s largest cryptocurrency exchange, Nobitex, was founded by members of the Kharrazi family, who are closely tied to the highest leadership. Brothers Ali and Mohammad previously used the pseudonym “Aghamir” to conceal their connection. Nobitex serves more than 11 million users; during wartime, trading volume exceeded $100 million, and there has been a large-scale outflow of funds overseas. On-chain analysis points to transactions linked to sanctioned entities, with amounts ranging from tens of millions to hundreds of millions of dollars. In 2025, wallets related to the Central Bank of Iran transferred billions of dollars to Nobitex, which is viewed as an effort to evade sanctions. Nobitex denies any ties to the government, saying the share of illegal transactions is extremely small.

Deep Tide Report: Memento Research data shows that monthly spending on crypto payment cards reaches $600 million, a sixfold increase compared to a year ago, with on-chain transaction volume of $7.2 billion, totaling 24 million transactions involving 1.36 million wallet addresses. 62.5% are settled in USDT, with stablecoins gradually becoming the underlying infrastructure for consumer payments; approximately 90% of transactions are completed via the Visa network; the Solana ecosystem contributes about $348 million in transaction volume, with Jupiter Global experiencing a 660% month-over-month growth.

A U.S. court issues an injunction against Arbitrum DAO, prohibiting the transfer of approximately $71 million worth of ETH frozen in the KelpDAO hacking case. The plaintiffs plan to use this to enforce outstanding judgments related to North Korea and view Arbitrum DAO as a partnership for substitute service. The court emphasized that the Security Council, which is governed by ARB holders, may take emergency action, and those who refuse to cooperate may face contempt. This case may become an important judicial reference for DAO governance and DeFi compliance.

Deep Tide TechFlow reports that Trump accuses Iran's leadership of being ununified, stating that Iran's requests are hard to accept and implying disagreements over negotiation strategies. Next week, the market will focus on speeches by multiple Federal Reserve officials, various U.S. data, and corporate earnings reports. It is expected that April non-farm payrolls will increase by 60k, wage growth will accelerate, the unemployment rate will remain steady, and the labor force participation rate will rebound, with private employment possibly being stronger.

According to Jintou News, OPEC+ seven countries agreed to increase the June production target by approximately 188k barrels per day, marking the third consecutive month of increases to demonstrate a willingness to boost supply after the war. The UAE withdrew this week, but production increases still proceeded. Participating countries include Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. In March, OPEC+ averaged a daily output of 35.06 million barrels, down 7.7 million barrels from February, with Iraq and Saudi Arabia bearing the brunt of the cut. The draft statement states that a meeting will be held again on June 7.