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MARKET RECAP → Stocks on Tuesday jumped while oil prices took another tumble as investors expect that the ceasefire between Israel and Iran will hold steady. In the crypto-verse Bitcoin (BTC) rose to $105k following similar logic to stocks. $BTC.X ( ▲ 2.12% ) 

ISRAEL‑IRAN CEASEFIRE → A Trump-brokered ceasefire kicked in on June 24, but early violations and mutual blame underscore the fragile state of peace.

REDDIT’S IDENTITY GAMBLE → Reddit is considering using Sam Altman’s Worldcoin iris-scanning Orbs to verify users and fight bots. While the idea aims to tackle spam and AI-generated accounts, it’s already triggering privacy concerns from watchdogs. Will this sci-fi solution save Reddit—or land it in hot water?

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Israel‑Iran Ceasefire

Trump Declares a Pause: After nearly 12 days of escalating strikes—including Israel’s June 13 offensive on Iranian nuclear sites and Iran’s retaliatory missile barrage—U.S. President Trump announced a "complete and total" ceasefire late on June 23, expected to take effect by June 24. Iran’s foreign minister, however, quickly denied any formal agreement, stating Iran would only halt actions if Israel did first.

Ceasefire in Name Only: Initially, Iranian strikes reportedly ceased—for the most part—though limited missile launches occurred, and Israel resumed airstrikes, citing Iranian violations. Trump expressed frustration at both nations "not knowing what the f*** they're doing" and warned Israel against further aggression. As of June 24, the ceasefire is technically in place, though its durability remains in doubt.

Markets Cheer, Cautiously: The announcement sent oil sharply lower and U.S. futures climbed. Israel relaxed civil-defense alerts, though some areas near Gaza remain on guard. International pressure now hangs on both sides to uphold the truce and shift toward diplomatically resolving the nuclear issue.

Tech

Reddit’s Identity Gamble

Reddit is exploring iris-scanning tech developed by Sam Altman’s Worldcoin to verify users and curb bots: The platform’s leaders are reportedly in talks to deploy Worldcoin’s futuristic Orb hardware, which scans users’ eyes to confirm they’re human. This move comes as Reddit faces mounting pressure to protect its forums from spam, fake accounts, and AI-generated content.

The proposal sparks privacy alarm bells: Critics argue that using iris biometrics for identity could endanger user privacy and set a worrisome precedent for mass data collection. Even with assurances that data is anonymized, digital rights groups are raising red flags over potential misuse, security breaches, and surveillance creep.

A bold gamble or a PR headache: The plan highlights Reddit’s struggle to balance innovation with user trust in the age of AI spam wars. Whether this high-tech solution will win over skeptics—or fuel new backlash—remains to be seen as the company weighs its next steps.

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