According to Iranian media reports on the 12th, Iranian Foreign Minister Araqchi stated that once Iran and the US complete the final phase of negotiations, the memorandum of understanding will be signed and published immediately. The first phase will be signed remotely and electronically, "which may happen in the next few days." (Jin Shi)

According to a Reuters report, a senior U.S. official said on Friday that the U.S. and Iran have not yet truly reached the finish line, but are very close to reaching an agreement to resolve their conflict, with Washington expected to sign an agreement in the coming days. "The negotiating team has put us in a very advantageous position, but we'll see. We haven't really reached the finish line yet, but we're very close," the official said. The official stated that the agreed-upon terms achieve Trump's core objectives. The memorandum of understanding includes the reopening of the Strait of Hormuz and the lifting of the U.S. blockade of Iranian ports. Iran's highly enriched uranium will also be destroyed on-site and subsequently shipped out of the country. "Iran won't get anything from signing the memorandum of understanding or the negotiations themselves," the official said. "They will receive economic rewards for fulfilling their obligations under the agreement. So if they hand over their nuclear materials as promised, they'll get something. If they dismantle their nuclear program or facilities, they'll get something else." (Jin Shi)

According to a Reuters report, sources say the UAE has agreed to unfreeze billions of dollars in funds for Iran following weeks of attacks by Iran during the US-Israel conflict. The UAE has agreed to release a total of $10 billion, of which over $3 billion has already been delivered. Other sources say the total amount involved is $20 billion, a move agreed upon in exchange for Iran ceasing its attacks on the UAE. Iran last directly attacked the UAE on May 4th. Sources say this move by the UAE provides a way to help resolve the conflict between the US and Iran without allowing either side to cross its red lines: Iran can claim it secured compensation for war losses, Washington can insist it paid nothing, and the UAE ensures its own security, maintains Dubai's hub status, and packages this as an investment to rebuild regional trust. In exchange, Iran will cease missile and drone attacks on the UAE, and both sides will rebuild bilateral relations, including intelligence sharing and economic cooperation. Sources added that Iran has contacted at least two other Gulf Arab states regarding similar arrangements. (Jinshi)

According to Iranian media reports on the 12th, Iranian Foreign Minister Araqchi stated during a television program that evening that in the ongoing negotiations for the Iran-US memorandum of understanding, the US pledged not to wage war or use threats, and that both sides would respect each other's sovereignty and not interfere in each other's internal affairs. (Jin Shi)

According to CoinWorld, Y Combinator, a well-known startup accelerator, stated that all of its portfolio companies are likely to use crypto technology, especially infrastructure such as stablecoins, in the future, not just crypto or fintech startups. YC has previously invested in companies such as Airbnb, DoorDash, Coinbase, Stripe, Reddit, OpenAI, and Kalshi. YC's latest statement primarily calls on the US Congress to pass the Clarity Act, a bill structuring the crypto market. YC believes that for the crypto industry to enter a new phase, it must achieve deeper integration with traditional financial institutions such as banks and brokerages, and the Clarity Act is expected to provide a regulatory foundation for this integration. The bill will clarify whether digital assets are securities or commodities, establish a CFTC registration path, and stipulate that customer assets belong to the customer's property in the event of bankruptcy. However, the future of the bill remains uncertain. Supporters believe it has a bipartisan basis, while opponents point out that limited Democratic support, the approaching midterm elections, and ethical controversies arising from Trump's direct involvement with the crypto industry could all increase legislative resistance.