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Iran's Islamic Revolutionary Guard Corps Claims to Have Struck US and Israeli Vessels
Odaily News On the evening of June 1st local time, the Islamic Revolutionary Guard Corps of Iran announced that after US forces launched an aggressive attack on an Iranian vessel in the Gulf of Oman, the IRGC Navy took retaliatory action, using cruise missiles to hit the "Sariska," a vessel belonging to US and Israeli interests. The IRGC Navy emphasized that any aggressive act by US forces in the region would be met with a resolute response. The statement did not specify the exact timing of the operation. Earlier on June 1st, the United Kingdom Maritime Trade Operations reported that a cargo ship was hit by an unidentified projectile and suffered a violent explosion while navigating in the Persian Gulf near the southern waters of Iraq.
The total market capitalization of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of over 95 countries.
the total market capitalization of stablecoins has reached $322 billion, exceeding the foreign exchange reserves of over 95 countries. The amount of fiat currency held by users through non-traditional banking channels has now surpassed the official foreign exchange reserves of 95 countries, including Poland, Thailand, Mexico, as well as the United Kingdom, Canada, and the United Arab Emirates. Currently, only 14 countries/regions hold foreign exchange reserves that exceed the market cap of stablecoins. Stablecoins are widely used for cryptocurrency trading, DeFi settlements, and cross-border payments. A report from the Bank for International Settlements (BIS) points out that cross-border stablecoin flows have grown significantly since 2022, and are particularly active in regions with high inflation and severe exchange rate volatility. However, the BIS also warns that stablecoin transactions could trigger capital outflows, putting pressure on the depreciation of vulnerable local currencies. (CoinDesk)
Japan reduced its U.S. Treasury holdings by approximately $47 billion in March, bringing foreign investors’ total holdings down to $9.25 trillion.
The latest U.S. data shows that foreign investors collectively reduced their holdings of U.S. Treasury securities in March 2026, with total holdings declining from $9.49 trillion in February to $9.25 trillion. Japan reduced its holdings by approximately $47 billion that month, bringing its total to $1.191 trillion; the United Kingdom, meanwhile, increased its holdings by about $29.6 billion, raising its total to $926.9 billion. The report notes that the U.S.-Iran conflict drove up oil prices and inflation expectations, prompting central banks in multiple countries to sell dollar-denominated assets to stabilize their exchange rates—thereby accelerating the sell-off of U.S. Treasuries. During the same period, foreign investors incurred an estimated valuation loss of approximately $142.1 billion on their long-term U.S. Treasury holdings.
Trump Rejects Iran’s Peace Proposal, Calls It “Completely Unacceptable”
According to JIN10 Data, U.S. President Trump rejected Iran’s latest ceasefire proposal, calling it “completely unacceptable.” Iran subsequently responded that it would not draft proposals solely to please Trump. As a result, market risk aversion intensified: WTI crude oil opened 3% higher at $98.44 per barrel, the U.S. dollar strengthened, and futures on the three major U.S. stock indices fell by approximately 0.3%. Meanwhile, the United Kingdom and France are spearheading discussions among over 40 countries regarding naval escort missions for vessels transiting the Strait of Hormuz following the establishment of a stable ceasefire. Israeli Prime Minister Netanyahu stated that military operations against Iran have not yet concluded, while Iran warned that any deployment of foreign warships in the Strait of Hormuz under the pretext of “protecting shipping” would be regarded as an escalation of hostilities.
WHO: Response Actions Initiated for Hantavirus Outbreak
: World Health Organization (WHO) spokesperson Christian Lindmeier stated on the 8th that response actions have been initiated under the International Health Regulations (IHR) for the hantavirus outbreak. The WHO is working closely with authorities in Cape Verde, Spain, the Netherlands, South Africa, the United Kingdom, and Argentina, as well as the European Centre for Disease Prevention and Control (ECDC). Lindmeier noted that contact tracing for potentially infected individuals is ongoing. "We are tracking everyone, we are checking seat maps on flights and ships, and may even further trace an individual's movements to see where they have been or who they might have had close contact with," he said. (CCTV)
Grinex Ceases Operations, Potentially Delivering a Heavy Blow to Russia’s Sanctions-Evasion Shadow Financial System
According to DL News, Russian cryptocurrency exchange Grinex announced last Wednesday that it would cease operations after suffering a cyberattack that resulted in the theft of over 1 billion rubles—approximately $13 million. The report states that Grinex had processed nearly $100 billion in trading volume for the sanctioned stablecoin A7A5 in 2025. Its shutdown is expected to weaken Russian companies’ ability to convert rubles into usable international currencies and deliver a severe blow to Russia’s shadow financial system designed to circumvent sanctions. Grinex was viewed as the successor to Garantex, which had previously been sanctioned and shut down. Both Grinex and Old Vector—the issuer of A7A5—were sanctioned in August 2025 by the United States, the European Union, and the United Kingdom.