Overnight US stocks | The three major indices rose, and Circle (CRCL.US) increased by 13%.

On Monday, the market expected that the Middle East conflict could be under control, and the three major indices rose. Trump stated that the U.S. had reached a trade agreement with the UK called "Common Terms." The White House announced that the UK's quota for car imports, which originally had a 25% tariff, would now have a total tariff of 10%. The U.S. plans to set an annual quota of 100,000 cars for car imports from the UK, with a tariff rate of 10%; the U.S. and UK have committed to reaching an agreement on significant preferential treatment for drugs and their raw materials, subject to the results of related investigations meeting expectations. The U.S. plans to quickly set quotas on steel and aluminum products, as well as some derivative steel and aluminum products produced in the UK, at the most favored nation tariff rate. The U.S.-UK trade agreement has abolished tariffs imposed on the UK aviation and aerospace industry in the three previous executive orders. [US Stocks] At the close, the Dow rose by 317.30 points, or 0.75%, to 42,515.09 points; the Nasdaq rose by 294.39 points, or 1.52%, to 19,701.21 points; the S&P 500 rose by 56.14 points, or 0.94%, to 6,033.11 points. NVIDIA Corporation (NVDA.US) rose by 1.9%, with cryptocurrency concept stocks generally rising, Circle (CRCL.US) rose by 13%, and Coinbase (COIN.US) rose by nearly 8%. The Nasdaq China Golden Dragon Index rose by 2%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by 2.76%, and Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose by over 5%. [European Stocks] The German DAX30 index rose by 195.30 points, or 0.83%, to 23,694.70 points; the UK FTSE 100 index rose by 21.25 points, or 0.24%, to 8,871.88 points; the French CAC40 index rose by 57.56 points, or 0.75%, to 7,742.24 points; the Euro Stoxx 50 index rose by 46.48 points, or 0.88%, to 5,336.95 points; the Spanish IBEX35 index rose by 207.10 points, or 1.49%, to 14,111.00 points; and the Italian FTSE MIB index rose by 467.25 points, or 1.18%, to 39,906.00 points. [Asia-Pacific Stock Market] The Nikkei 225 index fell by 0.89%, the KOSPI index in South Korea fell by 0.87%, and the composite index in Indonesia fell by 0.53%. [Forex] The U.S. dollar index measuring the U.S. dollar against six major currencies fell by 0.19% to close at 97.998 in the forex market. At the close of the New York forex market, 1 euro was exchanged for 1.1580 U.S. dollars, higher than the previous trading day's 1.1541 U.S. dollars; 1 pound was exchanged for 1.3596 U.S. dollars, higher than the previous trading day's 1.3563 U.S. dollars. 1 U.S. dollar was exchanged for 144.60 Japanese yen, higher than the previous trading day's 143.96 Japanese yen; 1 U.S. dollar was exchanged for 0.8128 Swiss francs, higher than the previous trading day's 0.8115 Swiss francs; 1 U.S. dollar was exchanged for 1.3560 Canadian dollars, lower than the previous trading day's 1.3594 Canadian dollars; and 1 U.S. dollar was exchanged for 9.4695 Swedish kronor, lower than the previous trading day's 9.4994 Swedish kronor. [Metal] COMEX gold futures fell by 1.45% to $3402.70 per ounce. COMEX silver futures rose by 0.04% to $36.370 per ounce. [Cryptocurrency] Bitcoin rose by over 2.7% to $108554.6, while Ethereum rose by over 3.9% to $2648.47. [Crude Oil] Light crude oil futures for July delivery on the New York Mercantile Exchange fell by $1.21 to $71.77 per barrel, a decrease of 1.66%; Brent crude oil futures for August delivery on the London Mercantile Exchange fell by $1.00 to $73.23 per barrel, a decrease of 1.35%. [Macro News] Foreign media: Trump plans to offer "final chance" proposal to Iran insisting on zero uranium enrichment red line. According to the Jerusalem Post, U.S. and European officials revealed on Monday that U.S. President Trump is expected to offer Iran a "final chance" proposal. An official added that the new proposal may be slightly improved compared to the version submitted to Iran ten days ago. However, it is expected that even with the new proposal, it will still be based on the U.S.'s "zero uranium enrichment" principle. According to Sunday's media reports, Iran has sought mediation with the Trump administration through Oman and Qatar, trying to prevent Israeli strikes and resume nuclear talks. Saudi Arabia is also pushing for a ceasefire through another channel. Earlier on Monday, Trump confirmed that Iran had contacted the U.S. to request a halt to Israeli air strikes. "Iran doesn't seem to be winning this war, they must negotiate sooner rather than later," Trump said in Canada. Revised version of the Republican tax bill in the U.S. Senate: proposal to raise the debt limit by $5 trillion. The U.S. Senate Republicans revealed the revised tax and healthcare provisions of Trump's multi-trillion-dollar economic plan on Tuesday, a critical step towards achieving their goal of passing the bill by July 4th. The new version of the bill expands some tax incentives while increasing the debt limit by $5 trillion, higher than the $4 trillion in the version passed by the House. The version largely follows the framework of the House bill, as Senate Republican leaders are trying to avoid lengthy negotiations on the substance of the bill - if the Treasury cannot continue to use unconventional debt limit measures by mid-August, the U.S. may face a risk of debt default. A notable omission in the draft is an agreement on state and local tax (SALT) deductions. The bill temporarily retains the current $10,000 limit on SALT deductions as a transitional provision, and lawmakers are still negotiating on this politically significant tax policy. This legislation largely continues Trump's tax cuts for families and small businesses in 2017, which are set to expire by the end of 2025. The bill also includes a series of new tax cuts, including the cancellation of tip and overtime taxes promised by the president during his campaign. [Individual Stock News] U.S. media: OpenAI's cooperation with Microsoft Corporation is at stake. According to the Wall Street Journal, the future of the AI cooperation between OpenAI and Microsoft Corporation (MSFT.US) is increasingly tense. The startup is trying to break free from Microsoft Corporation's control over its AI products and computing resources, and is seeking the support of the tech giant to transition into a for-profit company. Microsoft Corporation's approval is crucial for OpenAI to raise more funds and go public. However, negotiations are so difficult that in recent weeks, OpenAI executives have discussed what they consider a crucial choice: accusing Microsoft Corporation of anti-competitive behavior during their collaboration. This may include requesting federal regulators to review whether the contract terms violate antitrust laws and launching a public relations campaign. This move could endanger the six-year partnership between the two sides. Insiders said that negotiations between Microsoft Corporation and OpenAI have hit a deadlock over the equity stake of the startup after the tech giant's transformation. Microsoft Corporation's demand for a stake in the new company far exceeds what OpenAI is willing to give up. OpenAI must complete its transition by the end of the year, or risk losing the $20 billion financing. Strategy (MSTR.US) acquires 10,100 more bitcoins, bringing total holdings to 592,100. Bitcoin big player Strategy company's co-founder Michael Saylor announced on social media that the company purchased 10,100 bitcoins at a price of $10.408 million each, totaling $1.05 billion. The Bitcoin yield rate as of 2025 is 19.1%. As of June 15, 2025, we hold 592,100 bitcoins, with a total purchase cost of approximately $41.84 billion and an average cost price of around $70,666 per bitcoin.