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๐ข Brent crude oil surged to $88 per barrel immediately after the news, amid fears of supply disruptions from the Middle East.
@BackcomGlobal
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๐ก Canada has been โdeliberately careless,โ with the same problem happening every year and costing the U.S. billions of dollars.๐ก He will call the Canadian Prime Minister today to address the issue.๐ก โThat cost will have to be added to the tariffs Canada is already paying!โ
This is the latest move under Trumpโs โAmerica Firstโ policy, using tariffs as a tool to pressure other countries over environmental and border-related issues.
@BackcomGlobal
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โ This distribution is part of FTXโs ongoing process to return assets to victims and creditors following the exchangeโs collapse.โ Those affected by the FTX bankruptcy should check their accounts and ensure all required procedures have been completed to receive the payment.
@BackcomGlobal
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๐ฃ Generated more than $12 million in protocol fees๐ฃ Surpassed Pump.fun in revenue for five consecutive days๐ฃ Supported the launch of more than 60,000 tokens, including the popular memecoin $CASHCAT
@BackcomGlobal
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๐ก Trumpโs 2025 financial disclosure showed that his family earned more than $1.4 billion from crypto ventures, including World Liberty Financial and the TRUMP memecoin.๐ก The request comes just before the Senate is expected to debate the CLARITY Act โ a major bill aimed at establishing a clearer regulatory framework for the U.S. crypto industry, including shifting certain authority from the SEC to the CFTC, as well as rules for DeFi and stablecoins.
@BackcomGlobal
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WEEK 03 โ JULY 2026
This week, the market will focus on the U.S. labor market, manufacturing and services activity, and the health of the housing market.
Key events to watch:
View News Source
Wishing everyone a successful trading week! ๐
@BackcomGlobal
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๐ฃ Polymarketโs homepage displays live betting odds, which is considered promotion of unlicensed gambling.๐ฃ Concerns over its highly addictive nature and the lack of player protection tools, such as betting limits and self-exclusion features.๐ฃ Some prediction markets may be vulnerable to manipulation.
Violations may result in fines of up to โฌ100,000.
The blocking order will remain in place until Polymarket fully complies with French law.
@BackcomGlobal
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@BackcomGlobal
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๐ฃ Faster payments: Transactions can be completed almost instantly, significantly reducing waiting times compared with traditional banking.๐ฃ Lower costs: Reduced transaction fees, especially when processing payments for a large number of partners.๐ฃ Greater transparency and convenience: Payments are easier to track and better aligned with the logistics industryโs digital transformation.๐ฃ Improved partner satisfaction: Workers and delivery partners can receive funds more quickly and manage their finances more flexibly.
This is a pioneering move by a large-scale Japanese logistics company, reflecting the growing adoption of stablecoins for corporate payroll and B2B payments in a country traditionally known for its cautious approach to crypto.JPYC, a tightly regulated Japanese yen stablecoin, is gradually expanding into more real-world use cases.
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๐ฃ No BTC purchases for the fourth consecutive week: Holdings remain unchanged at 843,775 BTC, with an average acquisition cost of approximately $75,476 per BTC.๐ฃ Sold $263.5 million worth of #MSTR shares: Through its ATM program, Strategy sold approximately 2.73 million Class A shares.๐ฃ Significantly increased cash reserves: Added around $225 million, bringing total USD reserves to $3.225 billion.๐ฃ Clear objective: Ensure the company can cover dividend and interest payments for up to 22 months, even if Bitcoin trades sideways or experiences a sharp decline.๐ฃ No BTC sales: Strategy is prioritizing equity issuance rather than touching its Bitcoin treasury โ which remains the largest corporate BTC holding in the world.
@BackcomGlobal
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๐ก Purchased an additional 7,430 ETH, worth approximately $14 million, over the past week.๐ก Total holdings increased to 5.8 million ETH, equivalent to around 4.8% of Ethereumโs total supply.๐ก Average purchase price: $3,364 per ETH.๐ก Share buyback: The company allocated capital to repurchase $86 million worth of common stock, demonstrating strong confidence in its intrinsic value.๐ก MAVAN staking platform: The platform is expanding to serve institutions and ecosystem partners, with the majority of Bitmineโs ETH holdings โ amounting to millions of tokens โ already staked and generating stable revenue.
@BackcomGlobal
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๐ฃ Ethics provision: The measure would restrict the President, Vice President, and senior federal officials from profiting from crypto while in office. This has been a mandatory demand from Democrats, particularly after Trump reportedly earned more than $1.4 billion from crypto last year.๐ฃ Next steps: The amended text is expected to be released within the next few days. The Senate must complete its vote before the August summer recess. If approved, the bill will return to the House of Representatives for consideration of the revised version before being sent to President Trump to sign into law.๐ฃ Market impact: The probability of the CLARITY Act passing in 2026 on Polymarket surged from 32% to 46% immediately after the news.
@BackcomGlobal
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1โฃ Diplomatic option: Accept a proposed 10-day ceasefire from mediators, reopen the Strait of Hormuz, and resume negotiations.2โฃ Military option: Coordinate with Israel to launch a large-scale attack aimed at forcing Iran to make concessions.
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@BackcomGlobal
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๐ฃ Enhances OKXโs institutional credibility as the exchange expands further into the U.S. market.๐ฃ Provides stronger support for asset-tokenization initiatives and partnerships with traditional financial exchanges, including ventures involving ICE, the parent company of the NYSE.
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๐ฃ Brent crude remains firmly above $91 as U.S.โIran tensions continue.๐ฃ The U.S. has carried out strikes on Iran for the 11th consecutive night, but Iran remains defiant and has shown little interest in reaching a deal.๐ฃ Trump has threatened a major strike on Pickaxe Mountain, a key Iranian nuclear site. However, the market appears increasingly numb to such threats: whenever Trump publicly signals an attack, traders tend to believe it is less likely to happen.๐ฃ U.S. stocks rallied strongly, led by semiconductor names:๐ SK Hynix, Micron, and SanDisk all surged nearly 10%.๐ฃ The market is entering Q2 earnings season, with tomorrowโs focus turning to the AI sector. Major companies are pouring billions of dollars into AI, but profits have yet to match the scale of their investments.๐ฃ Bitcoin continues to rise, reaching a five-week high and moving toward $67K.๐ Key drivers: Renewed ETF inflows + expectations that Trump will push the CLARITY Act forward.
Keep a close eye on AI earnings reports and developments in the Strait of Hormuz!
@BackcomGlobal
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This marks a major step in Russiaโs efforts to legalize and regulate the crypto industry, improving transparency while supporting international payments. Stay tuned for further updates after President Putin signs the bill!
@BackcomGlobal
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