From Barak Ravid

The new U.S. proposal to Hamas includes the release of all 48 remaining hostages in exchange for a ceasefire and the end of the Israeli operation to occupy Gaza City, according to a senior Israeli official familiar with the details

In addition, Israel will release 2500-3000 Palestinian prisoners and detainees held in its prisons, including hundreds serving life sentences for killing Israelis

According to the proposal, once the ceasefire is declared, negotiations would immediately begin on the conditions for ending the war — including Israel's demands for Hamas' disarmament and Hamas' demand for a final and complete withdrawal of the IDF from the Gaza Strip, the Israeli official said

The proposal emphasized that if Hamas responds positively to the initiative, Trump would actively work to end the war, and the ceasefire would continue as long as negotiations on the terms for the war's end are ongoing

The Israeli official said the proposal to Hamas included a message that if the organization does not accept the initiative, the alternative would be very bad: a large-scale Israeli operation in Gaza
Hamas is expected to deny this deal