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Trump Media Group Shifts Focus to Crypto and Financial Services
Odaily News Trump Media & Technology Group is shifting its business focus from social media to the crypto and financial services sectors.Data shows that since Trump was re-elected in November 2024, the company's stock price has fallen by over 60%, erasing approximately $6 billion in shareholder wealth. Recently, the company applied to launch a crypto blue-chip ETF and plans to establish a Bitcoin reserve. (Associated Press)
Sources: US and Iran Scale Back Ambitions for Comprehensive Peace Deal, Shift Focus to Interim Agreement
Odaily Two Iranian sources stated that US and Iranian negotiators have scaled back their ambitions for a comprehensive peace deal and are now seeking an interim memorandum to avoid a relapse into conflict. Following the inconclusive talks in Islamabad last weekend, deep-seated differences over the nuclear program (such as the disposition of the enriched uranium stockpile and the timeline for halting nuclear activities) continue to impede progress. A senior Iranian official indicated that the two sides have narrowed their differences on issues like the management of the Strait of Hormuz. Iran hopes the memorandum will include the unfreezing of some Iranian funds by the US in exchange for allowing more vessels to pass through the strait. A source briefed by Tehran said that according to Iran's proposal, if a lasting agreement can be reached, vessels could pass freely through the Omani side of the strait without being attacked. However, more profound disagreements remain, including the fate of the high-enriched uranium stockpile and the timeline for halting nuclear work. Iranian sources said that if a memorandum to halt conflict is reached, the two sides are expected to have 60 days to negotiate a final agreement, which would require the involvement of experts and the International Atomic Energy Agency (IAEA). (Reuters)
Morgan Stanley Lists Asset Tokenization as a Key Growth Focus for the Next Phase
According to FinanceFeeds, Morgan Stanley stated that real-world asset tokenization has become the “next major step” for its global business and is now a strategic priority in its initiative to upgrade traditional financial infrastructure using blockchain. The firm plans to integrate traditional and digital assets within regulated environments, advance near real-time on-chain settlement, and launch an institutional digital wallet in the second half of 2026—supporting tokenized traditional investment products as well as crypto assets such as Bitcoin, Ethereum, and Solana. Meanwhile, Morgan Stanley is also advancing the development of a tokenized private equity secondary market and building both on-chain and off-chain settlement processes.