Midday Update
Jun 7
A market tracking the attendance of a political figure at a professional basketball finals game saw movement following a report from The Guardian Sport. The New York Knicks advised fans to arrive significantly early for NBA finals Game 3, citing the attendance of former President Trump. Separately, a market concerning a potential US-Iran nuclear deal also registered activity. The Hill reported that former President Trump stated the US would only unfreeze Iranian assets following a peace deal.
Economics
A market tracking the return to normal traffic levels at the Strait of Hormuz reacted to news regarding oil production and regional stability. The New York Times reported that OPEC Plus planned to boost oil production, noting that a ceasefire in Iran remained elusive.
Crypto
A market focused on whether crypto market structure legislation would become law saw movement. CryptoSlate reported that Galaxy Digital indicated the chances of the CLARITY Act passing this year had fallen to 60%.