U.S. TRADE REPRESENTATIVE GREER: TRUMP INTENDED FOR USMCA TO CREATE MORE BALANCED TRADE WITH CANADA AND MEXICO, THAT HAS NOT HAPPENED

Bitcoin surged past $70,000 for the first time since March as traders unwound bearish positions. The cryptocurrency rose over 4%, with Ethereum and Solana also seeing gains. The rally follows Iran's rejection of a ceasefire and escalating tensions. Over $145 million in short positions were liquidated, with markets tightening. According to Diana Pires of sFOX, "Once ceasefire headlines hit, that positioning had to unwind." Institutional selling pressure eased, but liquidity remains thin. More inflows are needed for a durable rally.

Meta Platforms is preparing to launch new AI models developed under Alexandr Wang, with plans to release some versions under an open-source license while keeping key components proprietary. The approach reflects a shift toward a hybrid model, balancing broad developer access with tighter control over advanced systems. Wang views open distribution as a way to expand global access, while rivals including OpenAI and Anthropic focus on enterprise and government deployment. Meta aims to regain competitiveness after lagging in prior model releases.