🔥🔥🔥 Trump Approves Ethics Provision, Clearing the Way for the CLARITY Act to Move Forward!

🇺🇸 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.

📌 Key points:

🟣 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.
🟣 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.
🟣 Market impact: The probability of the CLARITY Act passing in 2026 on Polymarket surged from 32% to 46% immediately after the news.

⚡️ 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.

💰 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

🔥🔥🔥 Trump Set to Decide the Fate of the Strait of Hormuz

✊ According to Axios, President Trump is expected to choose between two possible scenarios in the coming days:

1⃣ Diplomatic option: Accept a proposed 10-day ceasefire from mediators, reopen the Strait of Hormuz, and resume negotiations.
2⃣ Military option: Coordinate with Israel to launch a large-scale attack aimed at forcing Iran to make concessions.

👉 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.

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

❗️ Tensions remain extremely high, and developments are moving rapidly. The entire world is closely watching Trump’s next decision.

@BackcomGlobal

🔥🔥🔥 Upgraded Loss Protection Plan — Back with a 1,000,000 USDT Prize Pool! 💸

⭐ Event ends: July 30, 2026

👉 JOIN NOW!

💸 Eligible losing trades may receive:

🟡 Up to 100 USDT in Futures Bonus per claim
🟡 The higher your VVIP level, the higher the activation rate and the more protection claims you can receive
🟡 Up to 300 protection claims throughout the event

🎟 Even losing trades can earn Lucky Draw tickets, with prizes including:
🥇 4,000 USDT in XAUT
🥈 2,000 USDT and 1,200 USDT in XAUT

😎 One trade — Two chances to win:
You may receive loss compensation and also have a chance to win major prizes.

📈 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.

🖤 Mechanism: Auto 20% daily trading fee rebate, 30% weekly is paid every Monday in Backcom App/Bot

🖤 ​​After registering, message @TM_Backcom to be added to the group and join the futures tournament!

@BackcomGlobal #Mexc

🇺🇲🇨🇦 Trump Signs Executive Order Imposing an Additional 50% Tariff on Many Canadian Goods

🇺🇸 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 Canada’s unfair treatment of U.S. goods, particularly automobiles, dairy products, and alcohol.

👇 Affected products include:
🟡 Automobiles, dairy products, alcohol, lumber, paper, clothing, electronics, and more.
🟡 Exemptions: Energy products, critical minerals, and fish.

⚡️ 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.

🔴 This is the latest development in escalating U.S.–Canada trade tensions and could significantly disrupt North American supply chains.

@BackcomGlobal

🔥 OKX Appoints Former New York Governor Andrew Cuomo to Its Board of Directors

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

🖤 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 OKX’s position and deepen its connections within the U.S. political and financial landscape.

👉 Why it matters:

🟣 Enhances OKX’s institutional credibility as the exchange expands further into the U.S. market.
🟣 Provides stronger support for asset-tokenization initiatives and partnerships with traditional financial exchanges, including ventures involving ICE, the parent company of the NYSE.

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

@BackcomGlobal

🔥🔥🔥 Trump Preparing a New Round of 10% Global Tariffs?

⚡️ According to the Financial Times, President Trump’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%.

🔴 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.

📈 This marks the latest development in Trump’s aggressive trade policy and could trigger significant volatility across global markets.

@BackcomGlobal

📈 QUICK MARKET UPDATE – JULY 22, 2026

🟣 Brent crude remains firmly above $91 as U.S.–Iran tensions continue.
🟣 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.
🟣 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.
🟣 U.S. stocks rallied strongly, led by semiconductor names:
👉 SK Hynix, Micron, and SanDisk all surged nearly 10%.
🟣 The market is entering Q2 earnings season, with tomorrow’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.
🟣 Bitcoin continues to rise, reaching a five-week high and moving toward $67K.
👉 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

🇷🇺 Russia Passes Landmark Digital Currency Law

🏙 Russia’s parliament, the State Duma, has officially passed the Digital Currency and Digital Property Rights Law — Bill No. 1194918-8.

🖤 The law establishes Russia’s first comprehensive legal framework for:
🟣 Crypto exchanges
🟣 Brokers
🟣 Custodians
🟣 Digital asset management companies

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

This marks a major step in Russia’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! 📈

@BackcomGlobal

🔥🔥🔥 Oil Prices Rise for the Fourth Consecutive Session! 🛢

🔴 Brent crude rose 0.6% to $91.55 per barrel.
🟢 WTI crude gained 0.4% to $84.69 per barrel.

⚡️ This marks the fourth consecutive session of gains, with oil prices now at their highest levels since mid-June.

👇 Key drivers:

🖤 Escalating U.S.–Iran tensions: The U.S. struck Iranian military targets for the 11th consecutive night, including missile systems, drones, and air-defense infrastructure.
🖤 Iran retaliated with attacks on U.S. positions in Bahrain, Kuwait, and Jordan.
🖤 The threat of a maritime blockade by the Iran-backed Houthi forces in Yemen, targeting Saudi-linked shipping in the Red Sea, has raised concerns over disruptions to major oil transportation routes.

🚨 The situation in the Strait of Hormuz remains unstable, intensifying fears of a disruption to global oil supplies.

✔️ Market impact: Higher energy prices could increase inflationary pressure and affect financial markets.
Keep a close eye on today’s U.S. crude oil inventory data from the EIA!

@BackcomGlobal

🚨 ETF INFLOWS | JULY 21

Total net inflow: +$245.8M, including:
🟣BTC Spot ETF: +$203.2M
🟣ETH Spot ETF: +$37.5M
🟣SOL Spot ETF: +$5.8M
🟣HYPE Spot ETF: -$0.7M

⚡️ Money is flowing into crypto ETFs like an all-you-can-eat buffet—but don’t forget to bring a takeaway bag!

@BackcomGlobal

🔥🔥🔥 Trump Issues Military Ultimatum to Iran Over the Strait of Hormuz

👍 U.S. President Donald Trump has issued a stern warning on Truth Social:

From this point forward, whenever Iran attacks a vessel in the Strait of Hormuz using missiles, rockets, drones, or any other weapon, the United States will bomb and destroy a bridge or power plant — including targets located near or inside the capital, Tehran.

📌 Context:
🔴 This is the latest threat after the U.S. carried out its 11th consecutive night of strikes against Iranian military targets.
🔴 The Strait of Hormuz remains a major flashpoint, with repeated attacks on vessels disrupting global oil supplies.
🔴 Trump had previously threatened a major strike on Pickaxe Mountain, described as an important Iranian nuclear facility.

Oil markets and geopolitical risks are rising sharply. Stay alert for further developments.

@BackcomGlobal

🔥🔥🔥 Trump Agrees to Ethics Provision in the CLARITY Act

🏙 According to CoinDesk and the latest reports:

🟣 President Donald Trump has agreed to the ethics language included in the CLARITY Act.
🟣 The provision would prohibit federal officials — including the President, Vice President, and members of Congress — from issuing cryptocurrencies.
🟣 Enforcement authority would be given to the Department of Justice (DOJ) instead of state attorneys general.

🔴 Reactions:

🖤 Democrats are opposing the decision to give enforcement power to the DOJ and want individual states to retain oversight authority.
🖤 This is considered the final major obstacle before the CLARITY Act can move toward a vote in the Senate.

👉 Why it matters: If passed, the CLARITY Act would establish the first comprehensive regulatory framework for the U.S. crypto market, clearly dividing oversight responsibilities between the SEC and CFTC.

📈 Bitcoin and altcoins could benefit if the bill is approved.

@BackcomGlobal

🔥 CLARITY Act Negotiations Enter Final Stage

🇺🇸 U.S. lawmakers are holding closed-door discussions on two key issues:

🟣 Ethics provisions: Restrictions on federal officials — including the President and members of Congress — from holding or issuing crypto assets.
🟣 Provisions related to DeFi.

📌 Key highlights:

🖤 Republican Senator Thom Tillis is leading negotiations on behalf of the Republican Party.
🖤 The details of the potential agreement have not yet been made public.
🖤 The bill needs at least 60 votes in the Senate to overcome a filibuster and pass.

✅ If the CLARITY Act is approved, it would become the first comprehensive regulatory framework for the U.S. crypto market, bringing significantly greater clarity to the industry.

@BackcomGlobal

❤️ Prediction Contest: When Will the Hormuz Blockade End? — Make Your Prediction and Compete for a $100,000 Prize Pool!

⭐ Event period: July 21 – July 28, 2026

👉 REGISTER NOW!

🏆 How to participate:
🟡 Click “Register Now” to officially join the event.
🟡 Complete tasks such as:
🖤 Making a net deposit
🖤 Trading crude oil
🖤 Completing other designated tasks
🟡 Each completed task will grant a corresponding number of prediction attempts.

➡️ This is an opportunity to trade while testing your ability to predict one of the hottest ongoing developments at the Strait of Hormuz — one of the world’s most critical oil shipping routes.

🔀 If you don’t have an account yet, register HERE (Prerequisite)
OR: Enter referral code "DEQWVR0B" when creating your account to receive trading fee cashback

🖤 Mechanism: Automatic 50% daily trading fee rebate

⚪️ If you already have an account but haven’t received trading fee cashback yet, message Admin @TM_Backcom for support

⚠️ Disclaimer: This content is for informational purposes only and does not constitute an invitation, recommendation, or endorsement to use any service. Trading involves significant price volatility and risk.

@BackcomGlobal #BingX

🔥🔥🔥 U.S. Earns More Than $13 Billion From Venezuelan Oil Sales This Year

ℹ️ According to the latest reports:

🔴 The United States has generated more than $13 billion from Venezuelan oil sales in 2026.
🔴 This follows Washington’s control over Venezuela’s oil exports after the arrest of former President Nicolás Maduro earlier this year.
🔴 Revenue from Venezuelan oil has been managed through U.S.-controlled accounts — initially via Qatar and later transferred into the U.S. Treasury system — with a portion allocated to Venezuela’s interim government.

👇 Background:

🟡 The U.S. is coordinating the marketing and distribution of Venezuelan oil through major commodity trading firms.
🟡 The objective is to increase Venezuela’s oil production, stabilize global energy supplies, and support the new government.
🟡 Some estimates suggest that around $8 billion was generated in the first four months of the year alone.

This development highlights the growing influence of the United States over Venezuela’s oil industry and the global energy supply.

@BackcomGlobal

🔥🔥🔥 OIL PRICES SURGE — BOTH THE RED SEA AND BLACK SEA “HIT BY DISRUPTIONS”

🔴 WTI crude jumped more than 5.3% to $91.43 per barrel.
🔴 Brent crude climbed above $100.26 per barrel.

📌 Main drivers:
🖤 Houthi forces attacked two Saudi Arabian oil tankers in the Red Sea and announced a maritime blockade against Saudi Arabia.
🖤 President Trump warned that the United States would hold Iran directly responsible if the Houthis continued attacking vessels, while threatening “major military punishment.”
🖤 Iran declared that it would retaliate by targeting U.S.-linked infrastructure and energy assets across the region.
🖤 Ukraine intensified attacks on oil tankers, disrupting Kazakhstan’s Caspian Pipeline Consortium (CPC) system — a key route carrying around 80% of the country’s oil exports through the Black Sea.

✅ In summary: Both the Red Sea and Black Sea are facing serious disruptions, significantly increasing risks to global oil supplies.

📉 U.S. Stock Market:
🖤 The Nasdaq fell 2.37% amid concerns over massive AI spending.
🖤 Tesla plunged 13.6%.
🖤 Nvidia dropped 7.21%.

Geopolitical risks are now weighing heavily on both energy markets and equities. Stay alert for further developments!

@BackcomGlobal

🔥🔥 EU Imposes New Sanctions Targeting Russia’s Banking and Crypto Sectors 🇷🇺

🇪🇺 The European Union has approved its 21st sanctions package against Russia, introducing tougher measures:

🖤 Targeting 94 financial institutions, including the Moscow Exchange.
🖤 Banning transactions with multiple crypto platforms and Russia-linked oil trading entities.
🖤 Keeping the price cap on Russian oil unchanged at $44.10 per barrel.

⚡️ The new sanctions package focuses on the financial, crypto, and energy sectors, aiming to further restrict Russia’s ability to finance the war.

📈 Markets will closely monitor Russia’s response and the potential impact on oil prices and global crypto capital flows.

@BackcomGlobal

🔥🔥🔥 Iran Rejects Trump’s Ceasefire Proposal

🇮🇶 Iraqi Prime Minister Ali al-Zaidi personally delivered a U.S. proposal to Tehran after meeting with Trump at the White House.
🇮🇷 Iran rejected the proposal, demanding a comprehensive resolution to the core issues, particularly control of the Strait of Hormuz.
🇺🇸 The U.S. side, represented by Secretary of State Marco Rubio, said Iran is still seeking ways to reach an agreement through both direct and indirect negotiations.

🔴 Conflict Background:
🖤 The conflict has lasted for nearly five months, beginning in late February 2026.
🖤 The United States has just completed 12 consecutive nights of airstrikes against Iranian military targets.

Tensions remain high, with a significant risk of further escalation.

@BackcomGlobal

🇺🇸 U.S. Officially Imposes New 10%–12.5% Tariffs on Goods From 60 Trading Partners

✊ The Trump administration has finalized new tariff measures under Section 301, imposing rates of 10% or 12.5% on most goods imported from 60 economies, which account for approximately 99.4% of total U.S. imports. The stated reason is that these countries have either failed to introduce or effectively enforce bans on imports of goods produced using forced labor.

🔴 Tariff Categories:

🟣 10% tariff: Applied to 17 economies that already have laws, commitments, or trade agreements addressing forced labor, including Canada, Mexico, India, the United Kingdom, Indonesia, Malaysia, Bangladesh, and Cambodia.
🟣 12.5% tariff: Applied to the remaining economies that have not met the required criteria, including China, Vietnam, Australia, Brazil, Japan, South Korea, and Singapore.
🟣 Flexible treatment based on existing MFN tariff rates: The EU and Taiwan are targeted for a total tariff of around 10%, while Japan, South Korea, and Switzerland are targeted for a total rate of around 12.5%. If the existing MFN tariff is already higher, no additional tariff will be added.
🟣 Exempted goods: Oil and gas, fertilizers, selected food products, automobiles, steel, aluminum, copper, and goods covered under the USMCA agreement between the United States, Canada, and Mexico.

🔈 The tariffs take effect on July 24, 2026, replacing previous tariff measures that had been struck down by the U.S. Supreme Court. The United States says the move is intended to protect supply chains and American workers. However, many trading partners have opposed the measures, arguing that the justification related to forced labor is unconvincing.

@BackcomGlobal

💸 MEXC MONOPOLY IS BACK — SHARE A 500,000 USDT PRIZE POOL! 🎲
MEXC has officially brought back its exciting Monopoly event, featuring a total prize pool of up to 500,000 USDT.

⏰ Event Period: July 16 – July 31, 2026

👉 REGISTER NOW!

🎁 Rewards include:
🟣 BTC, SOL, and DOGE
🟣 USDT Vouchers
🟣 Futures Bonuses worth up to 100 USDT
🟣 Extra dice rolls

👉 How to participate in 3 simple steps:

1. Click “Register Now” to become eligible for the event.
2. Invite friends to deposit $100 and reach the required cumulative Futures trading volume milestones.
3. Roll the dice and claim rewards instantly.

Special Bonus: The top 10 participants with the highest number of dice rolls will receive additional leaderboard rewards!

📈 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.

🖤 Mechanism: Auto 20% daily trading fee rebate, 30% weekly is paid every Monday in Backcom App/Bot

🖤 ​​After registering, message @TM_Backcom to be added to the group and join the futures tournament!

⚠️ This information is for reference only and does not constitute financial advice. Please carefully consider the risks before participating.

@BackcomGlobal #Mexc