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Israeli crypto firm Celsius files for bankruptcy

The Takeaway: Turkey still has final say on Sweden, Finland NATO bids

Israel awaits Biden message on Iran; Egypt gains Saudi and Arab League support on Nile Dam dispute; Egypt’s chicken showdown; Hamas seizes Israeli surveillance balloon.  

Israeli bank Leumi becomes first in country to allow cryptocurrency trading

The cryptocurrency market is expanding in Israel and the Palestinian territories, but authorities want the industry to be more regulated.

The Takeaway: Done deal? Iran nuclear talks appear back on track

Putin opens door to Syrian fighters in Ukraine; Egyptian students’ harrowing escape from Ukraine; Hamas keeps quiet on Ukraine while building mega-mosques; Lebanon’s cancer crisis; and more … in about 1,300 words.

How big can Biden administration go with aid to Gaza?

US can follow World Bank road map The Biden administration has made reconstruction and humanitarian assistance to Gaza a priority following the Israel-Hamas cease-fire, but the challenge of channeling aid to the territory is large. US Secretary of State Antony Blinken announced $38 million in humanitarian assistance to Gaza on May 26, most of it through the United Nations Relief and Works Agency (UNRWA), in addition to $250 million in economic, development, security and humanitarian aid announced earlier this year. Combined with pledges so far of $500 million each from Egypt and Qatar, $22.5 million from the UN, $9.8 million from the EU, $49 million from Germany, $4.5 million from the UK, and $1 million from China (see our breakdown here), and probably more to come from the Gulf, it adds up which makes sense, because the people of Gaza desperately need the help.

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