The BitPush editor’s daily curated Web3 news:
[Trump: Progress made with Iran; "Freedom Plan" to be temporarily paused shortly]
Beijing News reports that U.S. President Trump posted that, at the request of Pakistan and other countries, and in light of our significant military victories in the campaign against Iran and the substantial progress made toward a comprehensive final agreement with Iranian representatives, both sides have agreed that, while sanctions will remain in effect, the "Freedom Plan" (i.e., the operation allowing vessels to transit the Strait of Hormuz) will be temporarily suspended to observe whether the agreement can ultimately be reached and signed.
[Michael Saylor: We may sell some Bitcoin to pay dividends]
Beijing News reports that Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), said during the earnings call: "We may sell some Bitcoin to pay dividends, simply to inject momentum into the market and to communicate that we have completed the transaction."
Strategy reported a net loss of $12.54 billion in the first quarter, primarily due to an unrealized impairment of $14.46 billion on its Bitcoin holdings. Nonetheless, executives highlighted the upward momentum of its preferred stock, STRC, as a key bright spot. Following its most recent Bitcoin purchase at the end of April, the company now holds 818,334 Bitcoin, valued at $66.82 billion, with an average cost per Bitcoin of approximately $75,537.
Bond traders bet on a over 50% probability of Fed rate hikes
Bloomberg News reports that bond traders are increasing bets that the Fed’s next policy move will be a rate hike rather than a cut. Swap contracts tied to central bank interest rate decisions indicate that the market now assigns over a 50% probability that the Fed will raise rates before cutting them by April next year. Lawrence Gillum, Chief Fixed Income Strategist at LPL Financial, said that a rate cut this year is still possible, but the likelihood is gradually diminishing as the Iran conflict drags on.
CME will launch Bitcoin volatility futures to enable non-directional trading.
Beijing News reports that CME Group has announced the launch of a cash-settled Bitcoin volatility futures contract, scheduled to go live on June 1 (subject to regulatory approval). The product is based on the 30-day implied volatility index (BVX), allowing traders to trade or hedge against Bitcoin volatility without taking a position on price direction.
The new contract is expected to be coded as BVI, with a contract multiplier of $500 × index value, designed to provide the market with more granular risk management tools.
[Dragonfly investor: Coinbase is expected to save $225 million annually in payroll expenses after layoffs]
Beijing News reports that Dragonfly investor Omar Kanji posted on X that Coinbase's 14% workforce reduction is expected to save $225 million in annual compensation expenses.
Previously, Coinbase CEO Brian Armstrong posted on X that the company will lay off approximately 14% of its workforce due to market conditions and the transition to an AI-native architecture.
Coinbase has invested a seven-figure sum in Centrifuge, making it a primary tokenization partner on Base.
Beijing News, according to The Block, Coinbase has invested a seven-figure sum in Centrifuge, making it a key tokenization partner on Base.
[Google Cloud and the Solana Foundation launch the AI agent pay-as-you-go system Pay.sh]
Beats News: Google Cloud and the Solana Foundation have jointly launched Pay.sh, a payment system for AI agents that enables on-demand payment for API calls on the Solana blockchain using stablecoins. Built on the x402 protocol, incubated by Coinbase, the system allows AI agents to discover, invoke, and pay for API resources without requiring account registration or subscription services, enabling a "pay-as-you-go" micropayment model.
According to the introduction, AI agents can bind a Solana wallet as their identity and top up their balance using stablecoins or credit cards, automatically completing payments when invoking cloud services such as data analysis and model inference. Pay.sh runs on Google Cloud and connects to backend services—such as large model calls and containerized applications—via an API proxy layer. Additionally, the system is compatible with the Machine Payments Protocol (MPP) and integrates with over 50 API service providers, covering scenarios including communications, e-commerce, and on-chain data. The official team states that this model helps advance the development of the “Agentic Economy,” enabling AI agents to autonomously consume and invoke internet services.
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