Odaily Morning Brief

1. US stocks closed with most AI concept stocks falling, Marvell dropped more than 9.78%;

2. SEC Chairman: The SEC is reforming the regulatory framework for listed companies to make IPOs more accessible to ordinary investors;

3. Illinois will become the first state in the US to impose a digital asset transaction tax, expected to take effect in 2027;

4. Bitmine bought 20,000 ETH five hours ago, still 380,000 ETH short of its 5% holding target;

5. “1011 insider whale” liquidated 184,102 HYPE, earning 2.83 million USD in profit;

6. The Korea Times: South Koreans lose interest in cryptocurrency trading;

7. US-Iran framework agreement plans to establish a 300 billion USD private fund;

8. Saudi media released the 14-point memorandum of understanding clauses between the US and Iran;

9. Bipartisan senators urge the US Treasury to retain state-level stablecoin regulatory powers under the GENIUS Act.