Odaily News Source: Major US exchanges Nasdaq and New York Stock Exchange are discussing capital market regulatory reforms with the US Securities and Exchange Commission. The content of the capital market reform discussion includes reducing listing costs, disclosing listing-related information, and making the entrustment process more friendly to enterprises. (Jinshi)

Odaily News U.S. stocks rose against the trend in 2025, just a hair's breadth away from their all-time highs. But the higher the S&P 500 index goes, the stronger the concerns about its valuation multiples becoming frothy. Data show that the index's price-to-earnings ratio, calculated based on expected profits over the next 12 months, is 22 times, 35% higher than the long-term average. The index shows overvaluation on every one of the 20 such valuation indicators tracked by Bank of America strategists. Kevin Gordon, senior investment strategist at Charles Schwab, said: "The current level of the market is sustainable, but we can't have high confidence in the question of 'starting from here'. Optimistic expectations for earnings in the second half of the year may be too high, and coupled with multiples close to cycle highs, earnings must exceed expectations." In addition to earnings growth, strategists also said that the Federal Reserve's sharp interest rate cuts would be another way for the index to narrow the gap between fundamentals and market prices. (Jinshi)

Odaily News According to the official announcement, Binance Futures will launch the OLUSDT perpetual contract at 19:30 (ET on June 25, 2025), with a maximum leverage of 50 times. In addition, OL (LINK) has been launched on the Binance Alpha market.

Odaily News US President Trump said at the NATO summit in The Hague that "Iran's nuclear program has regressed decades". Trump said Iran wants to restore relations with the United States, "I think we will eventually establish relations with Iran". Trump said Iran does not need to enrich uranium. Trump also said that the US strike on Iran "ended the war". When asked whether the United States would launch another attack if Iran rebuilds its nuclear enrichment program, Trump said "definitely". (Jinshi)

Odaily News According to the official announcement, Binance Wallet will launch Codatta (XNY) and launch the XNY pre-sale event: Pre-sale time: 19:00 - 21:00 (Eastern Time Zone 8) Subscription qualifications: Users with Binance Alpha points greater than or equal to 218 can participate in this Pre-TGE event through the Alpha event page. Participating in this event will consume 10 points.

Odaily News According to the official announcement, Binance will open Alpha trading of Humanity Protocol (H) at 17:00 (UTC+8) on June 25, 2025, and open contract trading at 17:30. Eligible users can use Binance Alpha points to claim 1,600 H tokens airdrop. The airdrop is divided into two phases: the first phase (18 hours) requires at least 230 Alpha points; the second phase (6 hours) requires at least 180 points, first come first served. The claim will consume 15 Alpha points, and the user must confirm within 24 hours, otherwise it will be deemed as abandoned.