According to a Reuters report, sources say the US-Iran framework agreement includes a plan to establish a $300 billion private fund to stimulate investment in Iran. This $300 billion Iran investment fund will only begin operating after the final agreement is signed. The fund is a private investment vehicle, does not involve government funds, and is unrelated to negotiations regarding frozen Iranian sovereign assets overseas. The fund has already secured commitments from companies in the US, Gulf Arab states, Asia, South America, and Africa, representing more than half of the total investment. (Jinshi)

Odaily Planet Daily reports that Saudi Arabia's Al Arabiya TV has released the terms of the 14-point Memorandum of Understanding between Iran and the United States, providing more details than the version released by Iran's Mehr News Agency: 1. Iran and the United States, along with their allies in the current war, declare an immediate and permanent end to the war on all fronts, including Lebanon, effective from the date of signing this Memorandum of Understanding, and pledge not to take any further hostile actions against each other, nor to threaten or use force against one another. The final agreement will confirm the provisions of this and other clauses. (A permanent and immediate cessation of the war on all fronts, including Lebanon.) 2. Iran and the United States pledge to respect each other's sovereignty and territorial integrity and not to interfere in each other's internal affairs. (The United States pledges not to interfere in Iran's internal affairs and to respect Iran's sovereignty.) 3. Iran and the United States pledge to negotiate and reach a final agreement within a period of no more than 60 days, which may be extended by mutual agreement. (This clause was not mentioned in the Iranian media version.) 4. Upon signing this Memorandum of Understanding, the United States will immediately lift the naval blockade against Iran, prevent any interference or obstruction, and restore Iran's full shipping capacity within a maximum of 30 days; the volume of ship passage should be proportional to the pre-war volume. The United States also pledges to withdraw its troops from the surrounding area within 30 days of the final agreement. (Complete lifting of the naval blockade against Iran within 30 days.) (The United States pledges to withdraw troops from the area surrounding Iran.) 5. Upon signing this Memorandum of Understanding, Iran will immediately take measures to ensure that merchant shipping between the Persian Gulf and the Sea of Oman is restored to pre-war levels within 30 days, while also taking into account Iran's need to clear technical obstacles and neutralize mines. (The Strait of Hormuz will be reopened within 30 days under Iranian arrangements.) 6. The United States will work with regional partners to develop a comprehensive plan, agreed upon by both parties, for Iran's revitalization and development, and ensure at least $300 billion in financial support. The implementation mechanism for this plan will be finalized within 60 days within the framework of the final agreement. (The United States and its allies need to provide Iran with a reconstruction plan of at least $300 billion.) 7. The United States pledges to end all types of sanctions currently in place against Iran within the timeframe agreed in the final agreement, including UN Security Council resolutions, IAEA Board of Governors resolutions, and all major and minor sanctions unilaterally imposed by the United States. (A final agreement on the nuclear issue will be reached within 60 days, and all major and minor US sanctions against Iran, as well as UN Security Council and IAEA Board of Governors resolutions, will be lifted.) 8. Iran reiterates that it will never develop nuclear weapons. The State of Iran and the United States have agreed to properly resolve the destination of enriched uranium and all other nuclear-related issues agreed upon by both parties through a final agreement, including Iran's nuclear needs; this final agreement will confirm the contents of this clause. (Reaffirming Iran's commitment not to develop nuclear weapons under the Treaty on the Non-Proliferation of Nuclear Weapons.) 9. Iran and the United States agree to maintain the status quo until a final agreement is reached: Iran will continue to maintain the status quo of its nuclear program, and the United States will not impose new sanctions on Iran or increase its military presence in the region. (During the negotiations, the United States pledged not to send additional troops to the region or impose new sanctions.) 10. The United States pledged that, following the signing of this Memorandum of Understanding, until the date of the lifting of sanctions, the U.S. Treasury Department would grant exemptions for Iranian exports of crude oil, petrochemical products and their derivatives, as well as all related services (including banking, insurance, transportation, etc.). (Suspension of sanctions on the sale of Iranian oil, petrochemical products and their derivatives, and allowing Iran full access to its financial resources.) 11. The United States pledged that, given the progress made in the negotiations, frozen or restricted funds and assets in Iran would be released and fully utilized. Regardless of whether these funds were held in a master account or transferred, they would be used in the ultimate beneficiary account designated by the Central Bank of Iran and could be used in full. The United States pledged to issue all necessary licenses on this basis. (During the 60-day final negotiation period, $24 billion of frozen Iranian funds would be released. Half of this must be provided to Iran before the start of the negotiations.) 12. Iran and the United States agreed to establish an enforcement mechanism to monitor the successful implementation of the final agreement and the fulfillment of future commitments. (Establish a monitoring mechanism to implement the agreement.) 13. After the signing of this Memorandum of Understanding and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum and the continued implementation of the aforementioned measures, Iran and the United States will negotiate the remaining terms to reach a final agreement. (Final negotiations will only begin after half of Iran's frozen funds are unfrozen, sanctions on Iranian oil are suspended, and the naval blockade is lifted. The final agreement will only cover the future of enriched uranium materials and enrichment processes, the lifting of sanctions, and Iran's economic reconstruction plan. Issues concerning Iran's missile program and support for resistance groups have been explicitly removed from the agenda.) 14. The final agreement will be ratified by a legally binding resolution of the UN Security Council. (The final agreement will be ratified by a UN Security Council resolution.)

A bipartisan group of senators led by Cynthia Lummis has written to Treasury Secretary Scott Bessent, urging the Treasury Department to uphold state jurisdiction over certain stablecoin issuers when formulating rules for implementing the GENIUS stablecoin bill. The GENIUS bill, signed into law last year, establishes a federal regulatory framework for stablecoins in the United States, requiring stablecoins to be fully backed by the US dollar or similar highly liquid assets, and mandating annual audits for issuers with a market capitalization exceeding $50 billion. It also sets rules for overseas issuance. The bill allows stablecoin issuers with a market capitalization of less than $10 billion to be regulated at the state level, provided that the relevant state regulatory system is "substantially similar" to federal requirements. The senators argue that the Treasury Department's previous rules lacked a clear timeline and standards for state-level regulatory applications, reviews, and certifications, creating uncertainty for states. The letter points out that legislative cycles vary significantly between states, with some even using a two-year cycle. Therefore, a flexible and continuously open certification mechanism is needed to ensure that states can apply for certification when demand arises, rather than allowing time mismatches to restrict innovation and competition.

Coinbase announced the launch of an SEC-registered AI investment advisor and new trading products, continuing to expand its business beyond cryptocurrencies and striving to become a "full-fledged exchange." During a system update event, Coinbase introduced its AI-driven advisory services, expanded access to derivatives and prediction markets, and prepared new IPO trading products related to some of the world's largest privately held technology companies. This product launch follows Coinbase's recent announcement of plans to launch tokenized shares pegged one-to-one to underlying stocks, continuing its efforts to add traditional financial products to its platform. Coinbase CEO Brian Armstrong stated that the advisor is one of the world's first SEC-registered AI investment advisors, allowing users to interact with the advisor through natural language commands. Armstrong also mentioned that the AI agent can now be directly connected to its platform, allowing users to create trading rules using systems like ChatGPT or Claude and have the AI agent execute trades on their behalf. This announcement reflects the industry's growing focus on proxy finance.

Odaily Planet Daily reports that Coinbase has released its latest enterprise-level "System Update," introducing a series of new products and infrastructure upgrades to further expand its positioning as an "Everything Exchange," covering crypto assets, stocks, options, perpetual contracts, prediction markets, token issuance, and smart financial services. This update includes an SEC-registered AI investment advisory system integrated into the Coinbase main trading platform. Coinbase also announced the creation of unified global liquidity between its US and international platforms, covering spot crypto asset and derivatives trading to improve trading depth and execution efficiency. On the consumer side, Coinbase One Card has added benefits, allowing users to stake 500 to 5000 USDC to obtain the card and earn 5% Bitcoin cashback when booking travel through the Travel Portal in partnership with Booking.com. Furthermore, Coinbase highlighted several recently launched or upcoming trading products, including thematic stock indices, pre-IPO perpetual contracts, new features related to options trading, and upgrades to its developer platform. Coinbase stated that its goal is to become a one-stop application for users to conduct multi-asset trading and intelligent financial management.