🔷 ETH RECORDS TWO CONSECUTIVE SHARP QUARTERLY DECLINES SINCE THE 2022 DOWNTREND

📉 According to data from CryptoRank, ETH has had a fairly negative start to 2026, recording two consecutive declining quarters:

🔴 ETH quarterly performance:

🖤 Quarter 1/2026: -29.1%
🖤 Quarter 2/2026: -25.2%

This is a notable signal because the last time ETH saw such a sharp streak of quarterly declines was during the 2022 downtrend, when the crypto market faced heavy pressure from liquidity tightening, risk-off sentiment, and capital flowing out of altcoins.

✔️ The difference is that in previous years, ETH usually had at least one strong recovery quarter, such as Quarter 2 and Quarter 3/2025, which both performed well. But in 2026, buying pressure has still not been strong enough to reverse the trend.

🤑 ETH has yet to show a clear recovery signal. If Quarter 3 does not deliver a strong rebound, the altcoin market may continue to face pressure in the near term.

@BackcomGlobal

✊ TRUMP "CASHES IN" AT LEAST $1.4 BILLION FROM CRYPTO IN 2025

🏙 According to the latest financial disclosure report, President Donald Trump earned more than $1.4 billion from crypto in 2025.

💸 Main sources of income include:

🖤 Token sales from World Liberty Financial (the Trump family’s crypto project)
🖤 Royalties and deals from CIC Digital LLC (the $TRUMP memecoin)
🖤 Nearly $197 million from selling equity in Stablecoin Holdco

Crypto has now become his largest source of income.

⚠️ However, experts are seriously concerned about potential conflicts of interest, as Trump has not fully divested or placed his assets into a blind trust.

The crypto community is buzzing over this massive figure! 💰

@BackcomGlobal

💰 BITCOIN CLOSES JUNE CANDLE AROUND $58.6K

📉 BTC just closed the month of June with a sharp decline, dropping from the $73K region to around $58K–$60K, marking one of the most notable corrections in recent months.

📌 Main reasons:

🔴 Continued outflows from Bitcoin ETFs continue to put pressure on the market.
🔴 High interest rate environment and a strong Dollar are making investors avoid risk assets.
🔴 The Coinbase Premium Index remains negative, indicating weak spot buying demand from U.S. institutions.
🔴 Some on-chain indicators like MVRV and Realized Price are approaching notable zones, but not yet confirming a bottom.

✅ Bitcoin has entered a sensitive zone, but the market still needs more time to confirm a true bottom.

❗️ If ETF flows don’t return and spot buying remains weak, BTC could continue to experience strong volatility in the coming months.

@BackcomGlobal

💻 MICROSOFT TO LAY OFF THOUSANDS OF EMPLOYEES NEXT WEEK

🔈 According to the latest reports, Microsoft is expected to cut thousands of positions, equivalent to under 2.5% of its global workforce (approximately 220,000 employees).

👇 Main departments affected:
🖤 Sales
🖤 Consulting
🖤 Xbox Gaming

➡️ Reason: The company is undergoing a major restructuring, cutting costs to ramp up investments in AI — a core strategy under CEO Satya Nadella.

This is part of a broader trend in Big Tech: shifting resources from traditional segments to future technologies. Many Xbox employees continue to be impacted following previous rounds of cuts.

✍️ The layoffs are expected to take place at the start of the new fiscal quarter (July).

@BackcomGlobal

🇺🇸 US PUBLIC DEBT EXCEEDS 100% OF GDP – HIGHEST SINCE WORLD WAR II

🔴 US public debt (debt held by the public) has surpassed 100% of GDP, the first time since after World War II (based on Q1 2026 data).

🔴 This shows that the scale of US government borrowing now exceeds the entire economy, amid record budget deficits and surging interest payments (already exceeding $1 trillion per year).

➡️ Rising debt pressure may force the US to issue more Treasury bonds or ease monetary policy (QE) to reduce the fiscal burden.

💰 Impact on Crypto: Periods of liquidity easing are typically positive factors for Bitcoin and risk assets. History shows that when public debt surges + the Fed pumps money, capital flows often head into crypto.

❗️ However, if left unchecked, risks of long-term inflation and recession still remain.

@BackcomGlobal

☝️ BYBIT EU CONTINUES TO OPERATE NORMALLY AFTER MiCA REGULATION!

Bybit reaffirms its long-term commitment to the European market.

🖤 Since May 2025, Bybit EU has officially operated under the MiCA framework, under the supervision of Austria’s Financial Market Authority (FMA).

🖤 Bybit EU users are not affected – all trading and experiences continue normally via the bybit.eu platform.
🖤 The recent notice only applies to certain EEA users who previously registered on Bybit Global before Bybit EU launched, in order to complete the transition in compliance with MiCA regulations.

🌎 Europe remains a strategically important market. Bybit EU will continue to expand and develop sustainably here.

@BackcomGlobal

😂 BITCOIN IS NO LONGER EASY TO UPTREND: IT NEEDS TRILLIONS FROM INSTITUTIONS TO TAKE OFF

Back in 2015-2017, just $68.5 billion in capital inflows was enough to push BTC up +10,485%. But in the 2022-2025 period, even with $697 billion (nearly 10x more) flowing in, the price only rose +689%.

Bitcoin is maturing: it increasingly requires much more capital to create strong uptrends.

➡️ The next major rally must be led by large institutions (Institutional). Retail + ETFs alone are no longer enough to drive it. BTC needs to become a core macro asset in investment portfolios, rather than a speculative trading instrument.

📊 According to CryptoQuant: If Bitcoin attracts an additional $1,000 billion, the market will enter a new explosive cycle. Compared to gold’s market cap (~$27,000 billion), BTC still has massive room for institutional capital inflows.

✅ The future of Bitcoin lies in smart, long-term capital from Wall Street, pension funds, and major corporations.

@BackcomGlobal

🔥🔥🔥 BINANCE AND CZ SUED IN THE UK, FACING AT LEAST £150M IN CLAIMS

🏙 Nearly 1,700 UK investors are suing Binance and its founder Changpeng Zhao (CZ) at the London court, seeking at least £150M in compensation, equivalent to around $200M.

👇 Key points:
🖤 The plaintiffs accuse Binance of offering high-risk leveraged crypto derivatives to retail investors without sufficient regulatory approval in the UK.
🖤 Some investors claim they suffered major losses after trading products such as futures, options, and leveraged products.
🖤 The lawsuit comes as Binance continues to face regulatory pressure across several major markets.
🖤 Binance said it will defend itself through the legal process and remains committed to complying with applicable laws.

⚠️ Important note: these are still allegations from the plaintiffs, not a final ruling from the court.

✅ After the US and EU, Binance is now facing growing legal pressure in the UK. In an era of tighter crypto regulation, compliance is becoming a survival factor for major exchanges.

@BackcomGlobal

🇹🇼 TAIWAN PASSES NEW LEGAL FRAMEWORK FOR CRYPTO

🇷🇺 Taiwan’s parliament has passed the Virtual Asset Services Act, marking a major step toward bringing the crypto market under an official regulatory framework.

📌 Key points:

🖤 Crypto exchanges and virtual asset service providers will be required to obtain a license from the financial regulator before operating.
🖤 Stablecoin issuers must also be licensed and meet requirements on reserves, audits, custody, and information disclosure.
🖤 Unauthorized operations could face up to 7 years in prison and a maximum fine of around $3.1 million.
🖤 Fraud, price manipulation, or market supply-demand manipulation involving virtual assets may face heavier penalties, with prison terms of up to 10 years.

✔️ Taiwan is moving toward stricter but clearer crypto regulation: to operate legally, companies must be licensed, maintain transparent reserves, and provide better user protection.

As more countries finalize their crypto rules, compliance continues to become a survival factor for exchanges and stablecoin issuers.

@BackcomGlobal

💸 BINANCE ACCELERATES IN TOKENIZED EQUITIES

🖤 Binance continues to hit notable milestones in the tokenized equities sector, expanding access to 7,000+ US stocks and ETFs for eligible users outside the US.

✔️ Key highlights:
🖤 Binance has a major advantage in product coverage, while many other tokenized equities platforms still support a much smaller range.
🖤 According to CoinDesk Research, Binance’s equities product quickly gained strong liquidity, with trading volume at times significantly surpassing the rest of the tokenized spot market.
🖤 bStocks also surpassed $100 million in AUM in just around 2 weeks after launch, showing growing market demand for tokenized stocks.

👉 Tokenized equities are becoming one of the clearest bridges between TradFi and blockchain.
If this trend continues to grow, crypto exchanges may no longer be just places to trade coins, but gateways to global financial assets.

@BackcomGlobal

💲 STABLECOINS ARE INCREASINGLY BEING USED BY BUSINESSES FOR CROSS-BORDER PAYMENTS

🏙 According to a new report from Cybrid, stablecoins are gradually becoming a practical option for business cross-border payments.

⚠️ Key points:
🟡 42% of surveyed businesses have already used stablecoins for international payments.
🟡 88% said they are likely to use stablecoins within the next 12 months, while only 2% remain loyal to traditional payment channels.
🟡 Businesses using stablecoins reported an average 35% reduction in cross-border payment costs. For companies processing more than $100 million per month, savings can reach up to 47%.
🟡 The most common use cases are payroll, freelancer payments, and payments to remote workers overseas.
🟡 The biggest barrier right now is not technology, but the lack of clear regulatory frameworks.

➡️ Stablecoins are moving from a “crypto tool” to business payment infrastructure. If regulations become clearer, this could become one of the most practical blockchain use cases in the coming years.

@BackcomGlobal

🇺🇸 FED CHAIR KEVIN WARSH: “PRICES ARE STILL TOO HIGH”

Fed Chair Kevin Warsh just made a notable statement at the ECB Forum in Sintra:

“Prices are too high.”

The possible message behind this:

🖤

The Fed does not want the market to think inflation is already over

🖤

The 2% inflation target continues to be emphasized

🖤

Warsh does not want to give overly clear “forward guidance” on interest rates

🖤

This forces the market to reprice risk based on each new economic data release

🔻 If inflation remains sticky, the Fed has a reason to keep monetary policy tighter for longer.
🟢 If jobs and growth data remain strong, the “fast rate cuts” narrative becomes even harder to justify.

This is a signal that the market believes the Fed is not ready for the “soft pivot” investors have been hoping for.

Watch the full details on CNBC YouTube

@BackcomGlobal

🔥🔥🔥 CIRCLE STOCK DROPS SHARPLY AFTER OPEN USD ANNOUNCEMENT

🔴 Circle, the issuer of USDC, came under heavy market pressure after Open USD was announced — a new stablecoin backed by more than 140 major companies, including Coinbase, Visa, Mastercard, Stripe, and BlackRock.

📌 Key points:
🖤 Open USD is operated by Open Standard, meaning it is not controlled by a single issuer.
🖤 Businesses can mint and redeem for free, with no volume limits.
🖤 Profits from reserve assets will be shared with partners, instead of being captured mainly by one issuer.
🖤 The biggest shock for the market is that Coinbase is also backing Open USD, even though Coinbase has long been a close partner of Circle in the USDC ecosystem.

➡️ This has raised investor concerns that Circle’s revenue model could face direct competition, especially if Open USD attracts large enterprise flows.

✅ Stablecoins are entering a new phase of competition. It is no longer just about who issues the larger token, but who controls distribution, liquidity, and reserve-generated profits.

❗️ Even a major player like Circle is starting to feel the pressure as both TradFi and crypto giants enter the game.

@BackcomGlobal

🔥🔥🔥 CIRCLE STOCK DROPS SHARPLY AFTER OPEN USD ANNOUNCEMENT

🔴 Circle, the issuer of USDC, came under heavy market pressure after Open USD was announced — a new stablecoin backed by more than 140 major companies, including Coinbase, Visa, Mastercard, Stripe, and BlackRock.

📌 Key points:
🖤 Open USD is operated by Open Standard, meaning it is not controlled by a single issuer.
🖤 Businesses can mint and redeem for free, with no volume limits.
🖤 Profits from reserve assets will be shared with partners, instead of being captured mainly by one issuer.
🖤 The biggest shock for the market is that Coinbase is also backing Open USD, even though Coinbase has long been a close partner of Circle in the USDC ecosystem.

➡️ This has raised investor concerns that Circle’s revenue model could face direct competition, especially if Open USD attracts large enterprise flows.

✅ Stablecoins are entering a new phase of competition. It is no longer just about who issues the larger token, but who controls distribution, liquidity, and reserve-generated profits.

❗️ Even a major player like Circle is starting to feel the pressure as both TradFi and crypto giants enter the game.

@BackcomGlobal

🔥🔥🔥 TRUMP’S FORMER LAWYER ACCUSES HIM OF PROFITING FROM CRYPTO

🏙 Ty Cobb, a former White House lawyer under Donald Trump, has strongly criticized the crypto-related profits linked to Trump and his family.

🔴 According to Reuters, Trump reported more than $1.4 billion in income from crypto activities in his 2025 financial disclosure.
🔴 Major revenue sources came from projects such as World Liberty Financial and crypto products tied to the Trump brand.
🔴 Ty Cobb claims Trump is using pro-crypto policies to enrich himself and his family.
🔴 The White House denied the allegations, saying Trump does not directly manage his personal finances and that his crypto policies are aimed at promoting innovation in the US.

❗️ These are currently allegations and political/legal debates, not a court ruling.

Crypto is becoming a massive revenue source within the Trump ecosystem, but it is also triggering major controversy over conflicts of interest, policy decisions, and personal profits.

@BackcomGlobal

💲 NEW FINANCIAL DISCLOSURE REVEALS TRUMP’S MASSIVE CRYPTO PORTFOLIO

📈 According to newly released financial disclosures, President Donald Trump is generating significant income from crypto-related activities.

🖤 Trump reported more than $1.4 billion in income from crypto ventures over the past year.
🖤 A major source of revenue came from World Liberty Financial, including token sales and proceeds from selling part of his stake in the company.
🖤 He also reported around $635 million in licensing/royalty income from a Trump-branded memecoin.
🖤 The filing shows Trump holds multiple digital assets, including more than $50 million in Bitcoin, $5–25 million worth of Ethereum, and $5–25 million in USDC.
🖤 An ETH staking position on Coinbase was also reported to have generated more than $510K in rewards.

💰 Vice President JD Vance also disclosed that he holds around $250K–$500K worth of Bitcoin.

❗️ These figures are fueling major debate over conflicts of interest, especially as the Trump administration continues to pursue more crypto-friendly policies.

@BackcomGlobal

🤖 CHIP STOCKS SURGE, MICRON - INTEL - AMD ADD AROUND $2 TRILLION IN MARKET CAP

📈 The semiconductor sector just recorded a historic quarterly rally as capital continues to flow into the AI infrastructure narrative.

🟡 Micron led the rally with a gain of more than 240% during the quarter, driven by strong demand for AI memory and data centers.
🟡 Intel rose around 216%, showing that investor capital is expanding beyond Nvidia into other chip stocks.
🟡 AMD gained around 186%, with its market cap approaching the $1 trillion mark and the stock reportedly hitting new highs.
🟡 In total, Micron, Intel, and AMD added around $2 trillion in market capitalization in Q2/2026.

The AI boom is far from cooling down. Investors are no longer looking only at Nvidia, but are also expanding into memory, CPUs, GPUs, and semiconductor infrastructure powering AI.

⚠️ However, after such a sharp rally, chip stocks could also see strong volatility if AI expectations get repriced.

@BackcomGlobal

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@BackcomGlobal

🔴 U.S. Economic Calendar – Thursday (UTC)
Week 01 – July 2026

Specifically, today will be a day with multiple key economic indicators released at the same time: 12:30 PM (UTC)
👍 Brothers, keep an eye on the news to manage your positions proactively!

The key focus tonight is whether the U.S. labor market is only cooling slightly or starting to weaken for real.

🖤 If NFP and wage growth come in stronger than expected, the Fed may remain more hawkish, putting pressure on gold, crypto, and tech stocks.
🖤 On the other hand, moderately weaker data could support expectations of policy easing.

🖤 But if the data is too weak, the market may shift its focus toward concerns over economic slowdown and enter a risk-off mode.

🖤 Current probabilities for the Fed’s upcoming rate decision on July 29 (UTC), according to Kalshi:

No change: 81%
25 bps hike: 19%
25 bps cut: 2%

Source

@BackcomGlobal #EconomicCalendar

📈 MARKET EXPECTATIONS FOR A POSSIBLE FED RATE HIKE IN 2026 ARE RISING SHARPLY

🏦 After the latest FOMC meeting, the Fed under Chair Kevin Warsh kept interest rates unchanged, but new signals suggest that the possibility of a rate hike in 2026 is gaining market attention again.

🖤 The Fed is currently keeping rates in the 3.50%–3.75% range.
🖤 Some internal projections suggest that rates could move higher before year-end if inflation does not cool fast enough.
🖤 Warsh continues to emphasize the goal of bringing inflation back to 2%, showing that the Fed is not ready to “ease” too early.
🖤 This could cause risk assets such as crypto, stocks, and gold to see strong volatility around CPI data, jobs reports, and Fed speeches.

The market is shifting from expecting “the Fed may cut soon” to worrying that “the Fed may still raise rates.” This is something traders should watch closely in the coming period.

Not sure if Warsh will “make a U-turn” later, but the market is already getting nervous. 😄😄😄

@BackcomGlobal

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@BackcomGlobal