U.S. President Donald Trump announced that the United States is in serious discussions with a new regime in Iran to end military operations. This is the first public acknowledgment of a regime change in Tehran since the conflict began five weeks ago. However, he also threatened to destroy Iran's electric generating plants, oil wells, and Kharg Island if a deal is not reached. Bitcoin jumped to $67,580 on the news, a 1.3% increase in the past 24 hours. The potential ceasefire with the new government and explicit threat to civilian and energy infrastructure makes this a two-sided headline that the market will struggle to price.