Tehran Says "Not Sunday," Trump Says "Deal," BTC Says "Finally Up" 🕊️

A US-Iran peace deal is teetering on a Sunday deadline that both governments cannot agree on, leaving crypto markets watching for confirmation when trading resumes Monday. US President Donald Trump posted on Truth Social on Saturday that "The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL." Pakistan, which is mediating the talks, backed that timeline. Prime Minister Shehbaz Sharif said on X that "We are closer to a peace deal than ever before," adding that "With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week." Iran disputed the date almost immediately. Iranian Foreign Ministry spokesperson Esmaeil Baghaei told state media the memorandum would not be signed on Sunday but could happen "in the coming days." A source cited by Iran's Fars News Agency called reports of a finalized Sunday deal completely false, and the Islamic Revolutionary Guard Corps said the framework was not yet finalized, linking Trump's push to his June 14 birthday and suggesting a publicity motive.

The proposed memorandum would extend the existing 60-day ceasefire, reopen the Strait of Hormuz to commercial shipping, relax US naval surveillance near Iranian ports, set up a 60-day negotiating window on Tehran's nuclear program, and include oil sanctions relief for Iran. The waterway has carried about one-fifth of global oil and liquefied natural gas traffic, and the naval blockade has pushed up global asset prices and pressured crypto markets for months. An Iranian official, cited by journalist Jeremy Scahill, said two outstanding issues remained on the proposed MOU and that an agreement could be signed swiftly depending on the US position, declining to elaborate. Iran has also assessed that Trump wants to sign before the G7 summit.

Crypto markets priced in a partial relief rally over the weekend. Bitcoin was trading at $64,491, up 1.5% over the past 24 hours, while one price tracker reported $64,460, up 1.56%, and the total crypto market rose roughly 1%. The move came even as spot Bitcoin exchange-traded funds recorded about $315.84 million in net outflows for the week ended Friday, marking the fifth consecutive week of outflows for the Bitcoin-linked funds. CoinShares head of research James Butterfill told Cointelegraph on Wednesday that recent outflows from digital asset investment products were being driven primarily by geopolitics, with uncertainty around the Iran conflict weighing on the outlook for interest rates.

Analysts cited by the source material said a signed deal could pull oil prices lower and pull capital back into risk assets. Crypto analyst Michaël van de Poppe said a peace deal would likely prompt a surge in Bitcoin alongside positive ETF flows, adding that "Liquidity will pour back into risk-on assets as liquidity will seek for an opportunity and after SpaceX IPO was done, most likely this will go towards crypto." Iran has not confirmed a Sunday signing, and traders are now waiting to see whether the memorandum is finalized before the G7 summit or slips into the coming days.