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Backcom.io - Backcom.io โ€“ Crypto & Forex Trading Fee Cashback Platform

Website: https://backcom.io/en
Backcom App: https://app.backcom.io
Backcom Bot: @BackcomOfficialBot

Support: @TM_Backcom | @backcomsupporter
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๐Ÿ’ธ BINGX GIVES NEW USERS UP TO 150 USDT

BingX has launched a special promotion exclusively for new users trading stocks, with a total prize pool of up to 100,000 USDT!

๐Ÿ—“ Event Period: July 8 โ€“ July 30, 2026

๐ŸŽ Key Benefits:
๐Ÿ–ค Eligible users have a chance to receive 150 USDT
๐Ÿ–ค Explore and trade stock products on BingX
๐Ÿ–ค Complete the required tasks directly on the event page to unlock rewards


๐Ÿ‘‰ Register For The Event Here ๐Ÿ‘ˆ

โ—๏ธ Important Notes:
- This event is only available to eligible users.
- Rewards, voucher types, and task requirements are subject to the terms displayed on the BingX event page.

๐Ÿ”€ If you donโ€™t have an account yet, register HERE (Prerequisite)
OR: Enter referral code "DEQWVR0B" when creating your account to receive trading fee cashback
๐Ÿ–ค Mechanism: Automatic 50% daily trading fee rebate


โšช๏ธ If you already have an account but havenโ€™t received trading fee cashback yet, message Admin @TM_Backcom for support

Financial trading involves risk. Please manage your capital responsibly.

@BackcomGlobal #BingXEvent
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ TRUMP CONSIDERS A โ€œMASSIVE STRIKEโ€ ON IRAN โ€” U.S. TO SEND REFUELING AIRCRAFT FOR ISRAEL

๐Ÿ™ According to Axios, the Trump administration has informed Israel that the United States will send dozens of aerial refueling aircraft to the region, preparing for the possibility of a large-scale attack on Iran.

๐Ÿ“Œ Key details:
๐ŸŸฃ Trump is considering tougher military options, including bombing Iranโ€™s power plants and nuclear facilities.
๐ŸŸฃ He could order an intensification of attacks within the next few days.

๐Ÿ“ˆ Market reaction:
๐Ÿ›ข Brent crude oil surged to $88 per barrel immediately after the news, amid fears of supply disruptions from the Middle East.
๐Ÿ’ต U.S.โ€“Iran tensions continue to escalate, directly affecting global energy prices and related currency pairs, including USD and CAD.

@BackcomGlobal
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๐Ÿ‡บ๐Ÿ‡ธ TRUMP THREATENS HIGHER TARIFFS ON CANADA OVER โ€œWILDFIRE SMOKE POLLUTING U.S. AIRโ€

๐Ÿ‘ President Donald Trump has strongly criticized Canada for what he described as poor forest management, which has allowed wildfires to spread and send heavy smoke pollution into the United States.

๐Ÿ‘‡ He stated:
๐ŸŸก Canada has been โ€œdeliberately careless,โ€ with the same problem happening every year and costing the U.S. billions of dollars.
๐ŸŸก He will call the Canadian Prime Minister today to address the issue.
๐ŸŸก โ€œThat cost will have to be added to the tariffs Canada is already paying!โ€


This is the latest move under Trumpโ€™s โ€œAmerica Firstโ€ policy, using tariffs as a tool to pressure other countries over environmental and border-related issues.

@BackcomGlobal
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๐Ÿ”ฅ FTX ANNOUNCES FIFTH DISTRIBUTION โ€“ APPROXIMATELY $900 MILLION FOR CREDITORS

๐Ÿ™ FTX has officially announced that its Fifth Distribution will begin on July 31, 2026.

๐Ÿ’ฐ Total amount: Approximately $900 million

๐Ÿ›ฉ Eligible recipients: Holders of allowed claims in both the Convenience Class and Non-Convenience Class who have completed all required pre-distribution procedures.

โœ… This distribution is part of FTXโ€™s ongoing process to return assets to victims and creditors following the exchangeโ€™s collapse.
โœ… 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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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Robinhood Chainโ€™s โ€œKingโ€ Launchpad Abruptly Shuts Down After Generating Over $12 Million in Fees

๐Ÿชถ Noxa โ€” the launchpad that once dominated the memecoin ecosystem on Robinhood Chain โ€” has officially shut down without warning after only a few days of explosive growth.

๐Ÿ–ค Major achievements before the shutdown:
๐ŸŸฃGenerated more than $12 million in protocol fees
๐ŸŸฃSurpassed Pump.fun in revenue for five consecutive days
๐ŸŸฃSupported the launch of more than 60,000 tokens, including the popular memecoin $CASHCAT


๐Ÿ‘‰ Official reason: The project said the ecosystem had become flooded with low-quality tokens, spam bots, and poor-quality launches. On July 11, it paused new token minting. The website then suffered repeated Cloudflare-related outages, before the platform ultimately redirected all fees to creators.

โ—๏ธHowever, the sudden shutdown has sparked widespread community backlash and suspicions of a โ€œsoft rug.โ€ Following the news, several major memecoins on the chain plunged more than 30% from their peaks, with $CASHCAT suffering a sharp decline within 24 hours.

@BackcomGlobal
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๐Ÿ”ฅ Senator Elizabeth Warren Calls on Trump to Disclose His 2026 Crypto Income

๐Ÿ‡บ๐Ÿ‡ธ U.S. Senator Elizabeth Warren (Democrat) has sent a request to President Donald Trump, urging him to voluntarily release an updated report on his crypto-related income by July 23.

๐Ÿ‘‡ Why:
๐ŸŸก Trumpโ€™s 2025 financial disclosure showed that his family earned more than $1.4 billion from crypto ventures, including World Liberty Financial and the TRUMP memecoin.
๐ŸŸก 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.


โšก๏ธ Warren emphasized the need for strict ethics rules to prevent the President, Vice President, senior officials, lawmakers, and their families from profiting from crypto and creating potential conflicts of interest.

โœ… The move once again highlights Warrenโ€™s tough stance on the crypto industry and her concerns over Trumpโ€™s influence on crypto policy.

@BackcomGlobal
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๐Ÿ”ด U.S. ECONOMIC CALENDAR (UTC)
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:
๐ŸŸฃ 12:30 UTC, Thursday: Initial Jobless Claims
๐ŸŸฃ 13:45 UTC, Friday: S&P Global Manufacturing PMI โ€“ July
๐ŸŸฃ 13:45 UTC, Friday: S&P Global Services PMI โ€“ July
๐ŸŸฃ 13:45 UTC, Friday: S&P Global Composite PMI โ€“ July
๐ŸŸฃ 14:00 UTC, Friday: New Home Sales โ€“ June

๐Ÿ–ค The market is currently paying close attention to the Fedโ€™s interest rate outlook ahead of the upcoming July 29 meeting. This weekโ€™s labor market and business activity data could influence expectations over whether the Fed will keep rates unchanged or make an adjustment.

View News Source

Wishing everyone a successful trading week! ๐Ÿ˜Ž

@BackcomGlobal
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๐Ÿ‡ซ๐Ÿ‡ท FRANCE TIGHTENS RESTRICTIONS: ORDERS A COMPLETE BLOCK ON POLYMARKET ACCESS

๐Ÿ”ด Franceโ€™s national gambling regulator, the ANJ, has ordered internet service providers to block access to the prediction market platform Polymarket. The decision was issued on July 16, 2026, aiming to prevent French users from continuing to access the platform despite previous trading restrictions.
๐Ÿ”ด Since November 2024, Polymarket had already geo-blocked users in France, allowing them only to view market information. However, the measure proved ineffective: in June 2026 alone, the platform still recorded more than 578,000 visits from France, generated by over 205,000 unique users.

๐Ÿ“Œ ANJโ€™s official reasons:
๐ŸŸฃ Polymarketโ€™s homepage displays live betting odds, which is considered promotion of unlicensed gambling.
๐ŸŸฃ Concerns over its highly addictive nature and the lack of player protection tools, such as betting limits and self-exclusion features.
๐ŸŸฃ Some prediction markets may be vulnerable to manipulation.


Violations may result in fines of up to โ‚ฌ100,000.
The blocking order will remain in place until Polymarket fully complies with French law.


@BackcomGlobal
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๐Ÿ”ฅ JULY EXCLUSIVE WEEKLY TRADING LEAGUE โ€” BITUNIX ร— BACKCOM.IO ๐ŸŸข

โญ: 00:00 July 20 โ€“ 23:59 July 26, 2026 (UTC)

๐Ÿ‘‰ REGISTER TO JOIN NOW!

1๏ธโƒฃ DEPOSIT FUNDS โ€” RECEIVE POSITION VOUCHERS
(For new users only)
๐Ÿ–ค Net deposit 50 USDT โ†’ Hold for 3 days โ†’ Receive a 100 USDT Position Voucher (CL/USDT)
๐Ÿ–ค Net deposit 200 USDT โ†’ Hold for 4 days โ†’ Receive a 300 USDT Position Voucher (XAU/USDT)
๐Ÿ–ค Net deposit 500 USDT โ†’ Hold for 5 days โ†’ Receive a 500 USDT Position Voucher (XAG/USDT)
๐Ÿ–ค Net deposit 1,000 USDT โ†’ Hold for 6 days โ†’ Receive a 1,000 USDT Position Voucher (BTC/USDT)

Limited availability โ€” FCFS, first come, first served.


2๏ธโƒฃ TRADING COMPETITION โ€” 10,000 USDT TOTAL PRIZE POOL
(Available to all users)
๐Ÿฅ‡ 1st place: 2,500 USDT
๐Ÿฅˆ 2nd place: 1,800 USDT
๐Ÿฅ‰ 3rd place: 1,200 USDT
๐Ÿ† 4thโ€“100th place: Attractive rewards ranging from 800 USDT and below

๐ŸŽ Rewards will be distributed within seven days after the campaign ends.


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๐ŸŸฃ Trade 100K USDT โ†’ Receive 15 USDT
๐ŸŸฃ Trade 500K USDT โ†’ Receive 30 USDT
๐ŸŸฃ Trade 1M USDT โ†’ Receive 60 USDT
๐ŸŸฃ Trade 5M USDT โ†’ Receive 300 USDT
๐ŸŸฃ Trade 10M USDT โ†’ Receive 600 USDT

โ—๏ธ Each user can receive only one reward, based on the highest trading-volume milestone achieved.


4๏ธโƒฃ MYSTERY BOXES โ€” BONUS UP TO 10,000 USDT
โœ… Join the Task Center
โœ… Become a VIP member to receive weekly rewards

โžก๏ธ FULL CAMPAIGN DETAILS!

โš ๏ธ Important: Please read the campaign terms and conditions carefully before participating. This is an opportunity to trade Futures and access multiple rewards throughout the week.

๐Ÿ”ฅ Donโ€™t have a Bitunix account yet? Register HERE
(Registration is a prerequisite for participation.)
Alternatively: Enter referral code โ€œvipbackcomโ€ during registration to receive a 60% trading-fee rebate.
๐Ÿ–ค Rebate mechanism: Receive a 60% weekly rebate through the Backcom App/Bot


๐ŸŸข Already have a Bitunix account? Contact Admin @TM_Backcom for further instructions.

@BackcomGlobal
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๐Ÿ‡ฏ๐Ÿ‡ต JAPANESE LOGISTICS COMPANY PLANS TO PAY WORKERS IN STABLECOINS

๐Ÿ˜€ AZ-COM Maruwa Holdings, one of Japanโ€™s major logistics companies, is planning to integrate JPYC, a stablecoin pegged 1:1 to the Japanese yen, into its internal payment system.

โžก๏ธ The main goal is to streamline compensation payments for thousands of delivery partners and freelance workers, replacing traditional bank transfers.

โœ”๏ธ Key benefits:
๐ŸŸฃ Faster payments: Transactions can be completed almost instantly, significantly reducing waiting times compared with traditional banking.
๐ŸŸฃ Lower costs: Reduced transaction fees, especially when processing payments for a large number of partners.
๐ŸŸฃ Greater transparency and convenience: Payments are easier to track and better aligned with the logistics industryโ€™s digital transformation.
๐ŸŸฃ 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.

@BackcomGlobal
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๐Ÿ“ฃ All Crypto Exchange Fee Rebates for Last Week (07/13 - 07/19) Have Been Fully Paid

๐ŸŸข Everyone, check immediately in your Backcom App/Bot!

If you haven't received the rebate yet, register your exchange accounts using the information below to use the service:

๐Ÿ’ฐ Bybit - 50% Rebates
Register Link | Referral Code: VIPBACKCOM
๐Ÿ–ค Mechanism: 50% rebate every Monday

๐ŸŸข Already have an account? View guide

๐Ÿค‘ OKX - 50% Rebates
Register Link | Referral Code: VIPBACKCOM
๐Ÿ–ค Mechanism: 20% automatic daily, 30% rebate every Monday

๐ŸŸข Already have an account? View guide

๐Ÿ’ฐ Binance - Up to 40% Rebates
Register Link | Referral Code: BCVIP
๐Ÿ–ค Mechanism: 20% automatic daily, 20% rebate every Monday

๐ŸŸข Already have an account? PM Admin @jacklambo

โœ–๏ธ BingX - 50% Rebate
Register Link | Referral Code: DEQWVR0B
๐Ÿ–ค Mechanism: 50% automatic daily

๐ŸŸข Already have an account? View guide

๐Ÿ“ˆ MEXC - 50% Rebate
Register Link | Referral Code: mexc-backcomio
๐Ÿ–ค Mechanism: 20% automatic daily, 30% rebate at the beginning of the week

๐ŸŸข Already have an account? PM Admin @jacklambo

๐Ÿ’ฑ Bitget - 50% Rebate
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๐Ÿ–ค Mechanism: 20% automatic daily, 30% rebate at the beginning of the week

๐ŸŸข Already have an account? PM Admin @jacklambo

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๐ŸŸข Already have an account? PM Admin @jacklambo

๐Ÿ’ฐ Gate.io - 60% Rebate
Register Link | Referral Code: BCGLOBAL
๐Ÿ–ค Mechanism: 20% automatic daily, 40% rebate at the beginning of the week

๐ŸŸข Already have an account? PM Admin @jacklambo

๐Ÿ–ค Enter your UID Exchange in Backcom Bot or Backcom App after registering to receive full Backcom benefits (Only applies to exchanges with weekly additional rebates)

๐Ÿ“ฑ Learn more about other exchanges at https://backcom.io/en

Wishing everyone a profitable trading week! ๐Ÿ˜Ž

@BackcomGlobal #BackcomCrypto
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Strategy (MSTR) Buys No Additional BTC, Sells Shares to Aggressively Build Cash Reserves!

๐Ÿ“ฐ According to its latest SEC 8-K filing, Strategy continues pursuing its โ€œbarbellโ€ strategy โ€” Bitcoin + cash โ€” under Michael Saylorโ€™s leadership:
๐ŸŸฃ 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.
๐ŸŸฃ Sold $263.5 million worth of #MSTR shares: Through its ATM program, Strategy sold approximately 2.73 million Class A shares.
๐ŸŸฃ Significantly increased cash reserves: Added around $225 million, bringing total USD reserves to $3.225 billion.
๐ŸŸฃ 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.
๐ŸŸฃ 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.


โžก๏ธ Strategy is building an extremely strong cash shield to protect its long-term Bitcoin HODL position. This is a cautious, long-term move rather than a short-term race to accumulate more BTC.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Bitmine Continues Accumulating ETH, Targeting 5% of the Total Supply!

๐Ÿ™ According to the latest report from Bitmine Immersion Technologies ($BMNR), the company led by Chairman Tom Lee continues to aggressively execute its Ethereum accumulation strategy:
๐ŸŸก Purchased an additional 7,430 ETH, worth approximately $14 million, over the past week.
๐ŸŸก Total holdings increased to 5.8 million ETH, equivalent to around 4.8% of Ethereumโ€™s total supply.
๐ŸŸก Average purchase price: $3,364 per ETH.
๐ŸŸก Share buyback: The company allocated capital to repurchase $86 million worth of common stock, demonstrating strong confidence in its intrinsic value.
๐ŸŸก MAVAN staking platform: The platform is expanding to serve institutions and ecosystem partners, with the majority of Bitmineโ€™s ETH holdings โ€” amounting to millions of tokens โ€” already staked and generating stable revenue.


โœ… Bitmine is now very close to achieving its โ€œAlchemy of 5%โ€ target โ€” becoming the worldโ€™s largest Ethereum holder. Its combined strategy of accumulating ETH, staking through MAVAN, and repurchasing shares is strengthening the companyโ€™s position as the โ€œStrategy of Ethereum.โ€

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Trump Approves Ethics Provision, Clearing the Way for the CLARITY Act to Move Forward!

๐Ÿ‡บ๐Ÿ‡ธ After months of intense debate, President Donald Trump officially approved a proposed ethics provision for the Digital Asset Market Clarity Act (CLARITY) this morning, Vietnam time. This is being viewed as a major breakthrough that could help move the bill toward a vote in the Senate.

๐Ÿ“Œ Key points:
๐ŸŸฃ 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.
๐ŸŸฃ 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.
๐ŸŸฃ Market impact: The probability of the CLARITY Act passing in 2026 on Polymarket surged from 32% to 46% immediately after the news.


โšก๏ธ The CLARITY Act is a key piece of legislation designed to clarify the regulatory framework for crypto in the United States, including a clearer division of authority between the SEC and CFTC, while creating a more transparent and industry-friendly environment. Reaching an agreement on the ethics provision is being seen as the necessary bipartisan compromise required to break the political deadlock.

๐Ÿ’ฐ This is extremely positive news for the broader crypto market, raising hopes for clearer regulation and potentially attracting greater institutional capital into the United States!

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Trump Set to Decide the Fate of the Strait of Hormuz

โœŠ According to Axios, President Trump is expected to choose between two possible scenarios in the coming days:
1โƒฃ Diplomatic option: Accept a proposed 10-day ceasefire from mediators, reopen the Strait of Hormuz, and resume negotiations.
2โƒฃ Military option: Coordinate with Israel to launch a large-scale attack aimed at forcing Iran to make concessions.


๐Ÿ‘‰ The situation is currently leaning toward Scenario 2, as the United States has carried out airstrikes for 10 consecutive nights but has still failed to reopen the Strait of Hormuz. The U.S. and Israel are moving additional forces into the region and preparing for a possible expansion of the conflict.

โšก๏ธ Meanwhile, mediators including Qatar, Egypt, and Pakistan are urgently trying to prevent further escalation, amid fears that oil prices could surge sharply.

โ—๏ธ Tensions remain extremely high, and developments are moving rapidly. The entire world is closely watching Trumpโ€™s next decision.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Upgraded Loss Protection Plan โ€” Back with a 1,000,000 USDT Prize Pool! ๐Ÿ’ธ

โญ Event ends: July 30, 2026

๐Ÿ‘‰ JOIN NOW!

๐Ÿ’ธ Eligible losing trades may receive:
๐ŸŸก Up to 100 USDT in Futures Bonus per claim
๐ŸŸก The higher your VVIP level, the higher the activation rate and the more protection claims you can receive
๐ŸŸก Up to 300 protection claims throughout the event


๐ŸŽŸ Even losing trades can earn Lucky Draw tickets, with prizes including:
๐Ÿฅ‡ 4,000 USDT in XAUT
๐Ÿฅˆ 2,000 USDT and 1,200 USDT in XAUT

๐Ÿ˜Ž One trade โ€” Two chances to win:
You may receive loss compensation and also have a chance to win major prizes.

๐Ÿ“ˆ If you don't have a Mexc account yet, click HERE to register
OR: Enter referral code "mexc-backcomio" when registering to receive 50% Cashback Mexc trading fees from Backcom.io.
๐Ÿ–ค Mechanism: Auto 20% daily trading fee rebate, 30% weekly is paid every Monday in Backcom App/Bot


๐Ÿ–ค โ€‹โ€‹After registering, message @TM_Backcom to be added to the group and join the futures tournament!

@BackcomGlobal #Mexc
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๐Ÿ‡บ๐Ÿ‡ฒ๐Ÿ‡จ๐Ÿ‡ฆ Trump Signs Executive Order Imposing an Additional 50% Tariff on Many Canadian Goods

๐Ÿ‡บ๐Ÿ‡ธ President Trump has signed an executive order imposing a 50% tariff on a wide range of Canadian products under Section 338 of the Tariff Act of 1930, citing what he described as Canadaโ€™s unfair treatment of U.S. goods, particularly automobiles, dairy products, and alcohol.

๐Ÿ‘‡ Affected products include:
๐ŸŸก Automobiles, dairy products, alcohol, lumber, paper, clothing, electronics, and more.
๐ŸŸก Exemptions: Energy products, critical minerals, and fish.

โšก๏ธ The tariffs are expected to take effect 30 days from now, around mid-August, unless the two countries reach an agreement. Canada argues that the move violates the USMCA and says it will intensify negotiations to seek a solution.

๐Ÿ”ด This is the latest development in escalating U.S.โ€“Canada trade tensions and could significantly disrupt North American supply chains.

@BackcomGlobal
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๐Ÿ”ฅ OKX Appoints Former New York Governor Andrew Cuomo to Its Board of Directors

๐Ÿค‘ Crypto exchange OKX has officially appointed Andrew Cuomo, the former Governor of New York, to its Board of Directors.

๐Ÿ–ค Cuomo has reportedly advised OKX since 2023 on legal strategy and expansion plans involving financial institutions in the United States. His appointment is expected to strengthen OKXโ€™s position and deepen its connections within the U.S. political and financial landscape.

๐Ÿ‘‰ Why it matters:
๐ŸŸฃ Enhances OKXโ€™s institutional credibility as the exchange expands further into the U.S. market.
๐ŸŸฃ Provides stronger support for asset-tokenization initiatives and partnerships with traditional financial exchanges, including ventures involving ICE, the parent company of the NYSE.


โœ… This is a major strategic move by OKX as it seeks to compete more aggressively in the highly competitive U.S. market.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Trump Preparing a New Round of 10% Global Tariffs?

โšก๏ธ According to the Financial Times, President Trumpโ€™s 10% global tariff is set to expire after 150 days at the end of this week. He is reportedly preparing to introduce a new round of tariffs on dozens of countries, most likely keeping the rate at 10%.

๐Ÿ”ด Economic advisers have tried to persuade him to delay or adjust the plan to avoid another inflation shock and further damage to the U.S. economy, especially ahead of the midterm elections. However, the Trump administration is still looking for ways to push tariff rates even higher.

๐Ÿ“ˆ This marks the latest development in Trumpโ€™s aggressive trade policy and could trigger significant volatility across global markets.

@BackcomGlobal
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๐Ÿ“ˆ QUICK MARKET UPDATE โ€“ JULY 22, 2026

๐ŸŸฃ Brent crude remains firmly above $91 as U.S.โ€“Iran tensions continue.
๐ŸŸฃ 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.
๐ŸŸฃ 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.
๐ŸŸฃ U.S. stocks rallied strongly, led by semiconductor names:
๐Ÿ‘‰ SK Hynix, Micron, and SanDisk all surged nearly 10%.
๐ŸŸฃ The market is entering Q2 earnings season, with tomorrowโ€™s 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.
๐ŸŸฃ Bitcoin continues to rise, reaching a five-week high and moving toward $67K.
๐Ÿ‘‰ 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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๐Ÿ‡ท๐Ÿ‡บ Russia Passes Landmark Digital Currency Law

๐Ÿ™ Russiaโ€™s parliament, the State Duma, has officially passed the Digital Currency and Digital Property Rights Law โ€” Bill No. 1194918-8.

๐Ÿ–ค The law establishes Russiaโ€™s first comprehensive legal framework for:
๐ŸŸฃ Crypto exchanges
๐ŸŸฃ Brokers
๐ŸŸฃ Custodians
๐ŸŸฃ Digital asset management companies

๐Ÿ–ค Crypto is officially recognized as property and will receive legal protection, including in cases involving bankruptcy, divorce, and asset disputes.
๐Ÿ–ค The law allows crypto to be used in cross-border commercial payments, which could help Russian businesses reduce the impact of international sanctions.
๐Ÿ–ค However, the use of crypto as a domestic payment method remains strictly prohibited, with the Russian ruble remaining the countryโ€™s only legal currency.
๐Ÿ–ค The law is expected to take effect on September 1, 2026, after receiving President Vladimir Putinโ€™s signature, which is widely viewed as a procedural formality.

This marks a major step in Russiaโ€™s 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! ๐Ÿ“ˆ

@BackcomGlobal
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