Tensions Rise in US-Iran First Round of Talks, Traditional Finance Sees US Stock Retreat, Oil Prices Up Over 2%, Bitcoin Falls Below $64,000

BlockBeats News, June 22nd. Last night and this morning, mediators from the US, Iran, and various parties held the first round of talks in Switzerland after the signing of a memorandum of understanding. One of the key topics discussed during the day's talks was the "Lebanon Conflict De-escalation Mechanism and the Enforcement of the Ceasefire Agreement." Tensions were high between the US and Iran during the talks. The US side and the conference organizers had originally planned for a handshake and photo session between the Iranian and US delegations at the beginning of the multilateral talks, but this was opposed by the Iranian negotiation team. Subsequently, Trump made a tough statement against Iran, leading to a direct deadlock in the negotiations, with the Iranian delegation walking out in strong protest.

According to reports from multiple media outlets, the latest development is that the Iranian delegation is still at the negotiation venue in Switzerland but refuses to continue talks with the US. Negotiations between relevant parties and mediators from Pakistan and Qatar are still ongoing.

Impacted by this news, traditional finance (tradfi) saw a general pullback in US and South Korean stocks, with SK Hynix dropping over 5% in two hours, erasing most of the gains from the 3-day holiday, while SNDK, MU, and MRVL all experienced varying degrees of decline.

According to Bitget market data, this morning Nasdaq 100 index futures extended their decline to 1.1%. Brent crude and WTI crude oil futures saw a more than 2% rise in early Asian trading on Monday.

Bitcoin also experienced a decline, now trading at $63,338.40, with a nearly 0.73% decrease in the past hour.