CHINA C.BANK INJECTS 146.2 BLN YUAN VIA 7-DAY REVERSE REPOS AT 1.40% VS PRIOR 1.40% - STATEMENT

Fannie Mae will soon accept crypto-backed mortgages for the first time, marking a further move of cryptocurrencies into mainstream finance, as Better Home & Finance and Coinbase Global are launching a new product that allows homebuyers to pledge crypto holdings instead of selling them for a cash down payment; while not the first such offering, Fannie’s involvement—backed by the federal government and overseen by the Federal Housing Finance Agency—could significantly expand adoption of crypto-based mortgage products.

U.S. President Donald Trump said he does not know if Washington is willing to pursue a deal with Iran, while asserting Tehran is seeking negotiations. Speaking at a cabinet meeting in Washington, Trump said Iran is “begging” for a deal and is in contact with the U.S., adding military operations are ahead of schedule and could conclude within four to six weeks. He warned of “very drastic” measures if disruptions persist, said U.S. forces are countering Iranian drones, and reiterated that Iran could reopen the Strait of Hormuz by agreeing to the “right deal.”