🚨 U.S. PCE INDEX (MoM) – PREVIOUS MONTH
🖤Actual: -0.1%
🖤Forecast: -0.1%
🖤Previous: 0.5%

🚨 U.S. CORE PCE INDEX (MoM) – PREVIOUS MONTH
🖤Actual: 0.1%
🖤Forecast: 0.2%
🖤Previous: 0.3%

🚨 U.S. PCE PRICE INDEX – YEAR-OVER-YEAR GROWTH
🖤Actual: 3.7%
🖤Forecast: 3.7%
🖤Previous: 4.1%

@BackcomGlobal

🇰🇷 South Korea Considers Reimposing Short-Selling Ban

🔈 The Korea Exchange (KRX) is assessing whether it is technically feasible to temporarily suspend short selling and tighten daily price limits. This is only a contingency measure for extreme market conditions, and no official decision has been made.

📉 Recent market developments:

🖤 On July 28, the KOSPI plunged nearly 11%, breaking below a three-month low, with almost 96% of listed stocks closing in the red.
🖤 Foreign investors sold heavily, while retail investors — often referred to as “oppa” traders — stepped in to buy the dip.
🖤 Since mid-July, the KOSPI has fallen by an additional approximately 18%.

🔴 Severe losses:

🖤 By July 13, an estimated 320,000–360,000 accounts had been fully liquidated, equivalent to roughly 3.4% of South Korea’s adult population.
🖤 According to The Kobeissi Letter, the total number of liquidated accounts has now surpassed 500,000.

📌 South Korea only resumed short selling on March 31, 2025, after a 17-month ban. On the first trading session after the ban was lifted, foreign investors accounted for as much as 90% of the total short-selling value across the market.

📈 Market conditions remain extremely tense, with investors closely watching the regulator’s next move.

@BackcomGlobal

🇺🇸 American Bankers Association (ABA) Supports the CLARITY Act

🏦 The American Bankers Association (ABA) said it supports the CLARITY Act and the creation of a clear regulatory framework for crypto in the United States.
However, the association is proposing several minor amendments to ensure that:

🟡 Payment stablecoins remain strictly payment instruments and do not become interest-bearing savings accounts or products similar to traditional bank deposits.

🟡 Rewards and incentives tied to holding stablecoins are restricted if they could replace or compete with traditional deposits.

📌 The ABA emphasized:
🟣 The banking and crypto industries can coexist. The United States can become the global capital of crypto while also preserving its position as one of the world’s leading banking centers.

This is seen as an effort to strike a balance between technological innovation and the protection of the traditional banking system.

@BackcomGlobal

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🇺🇸 The U.S. May Launch a New Round of Attacks on Iran This Weekend


🔴 According to The Wall Street Journal (WSJ), President Trump has ordered a new round of attacks aimed at pressuring Iran to return to the negotiating table. The operation could begin as early as this weekend and last for several days.

🔴 CBS News reported that the main targets could be energy facilities, including oil refineries and power plants.

🔴 The White House stated: Iran will continue to pay the price until it engages in meaningful negotiations.

📌 Regarding the Strait of Hormuz: Iran claimed that it had closed the strait by intercepting two vessels and forcing four others to turn back. CENTCOM immediately denied the claim, stating that the Strait of Hormuz remains open and vessels continue to transit normally.

@BackcomGlobal

🔥 Democratic Leader Proposes Anti-Corruption Agency Targeting Trump’s Crypto Interests

🟣 Senate Minority Leader Chuck Schumer has introduced the Anti-Corruption Bureau Creation Act, proposing the establishment of an independent anti-corruption watchdog within the executive branch.
🟣 The bill cites Trump’s disclosure of more than $2 billion in investment income in 2025, with approximately $1.4 billion linked to crypto.
🟣 The Trump family is reportedly holding a crypto portfolio worth more than $1 billion, with alleged ties to foreign governments.
🟣 The new agency would have the authority to investigate, issue subpoenas, enforce regulations, and recover illicit profits. The bill is co-sponsored by Senators Andy Kim, Alex Padilla, and Jeff Merkley.

When “Make America Great Again” becomes “Make Crypto Great Again,” Democrats immediately set up an anti-corruption bureau. 😄😄😄

@BackcomGlobal

🇯🇵 BOJ Keeps Interest Rates Unchanged as Inflation Risks Heat Up

🏙 The Bank of Japan (BOJ) decided to keep its policy interest rate unchanged at 1% during its July 30–31 meeting.

🔴 However, the BOJ warned that underlying inflation could rise above its 2% target and did not rule out raising interest rates at upcoming meetings, potentially as early as September.
✔️ Earlier, Japan intervened in the foreign exchange market by selling a large amount of U.S. dollars to buy yen, after the currency fell to its weakest level in nearly 40 years.

A weak yen + rising inflation = the BOJ is holding back for now, but ready to hit the accelerator at any moment.

@BackcomGlobal

🇺🇸 Democrats Want to Force Trump to Sell All His Crypto Under the CLARITY Act

🟡 Senator Cynthia Lummis said Democrats are demanding that the latest draft of the CLARITY Act include a provision requiring President Trump to sell all of his digital assets or transfer them into an independent blind trust.
🟡 President Trump is unlikely to accept this demand.
🟡 Meanwhile, the Stop Insider Trading Act, which applies to stocks, does not require government officials to sell their assets or place them in a blind trust.

With crypto, the rule is “sell everything,” but with stocks, it is “you can keep holding.” The double standard is crystal clear. 👍

@BackcomGlobal

🔥 Strategy Will Gradually Sell Bitcoin, Moving Away From Its “All-In” Buying Approach

🖤 The company announced that it will sell Bitcoin when advantageous to maintain U.S. dollar reserves and pay dividends.
🖤 Newly raised funds will be allocated between Bitcoin purchases and U.S. dollar reserves, depending on market conditions, instead of being used entirely to buy BTC.
🖤 Strategy currently has no plans to borrow against its Bitcoin holdings due to concerns over margin risk.

@BackcomGlobal

🔥🔥🔥 TRUMP THREATENS IRAN AGAIN — THEN CANCELS THE ATTACK

🏙 On the night of August 1, Trump posted on Truth Social that the United States was “locked and loaded”, ready to strike Iran with a level of force not seen since World War II.
Just a few hours later, he called off the attack.

📌 The reason: Iran and several Middle Eastern countries requested a delay because “the basic terms of an agreement had been accepted.”

🔴 Key terms of the proposed agreement:
🖤 Immediately and fully reopen the Strait of Hormuz
🖤 End Iran’s nuclear threat

Trump said he agreed to cancel the attack “for the benefit of the world” and “for Iran’s survival,” on the condition that the agreement must be finalized quickly. Israel has also joined the commitment.

✊ This is becoming a familiar scenario

🟣 Since the beginning of 2026, the U.S.–Iran situation has repeatedly followed the same pattern:
Strong threats → claims of progress → cancellation → renewed tensions over Hormuz a few days later.

🔴 The Strait of Hormuz remains the world’s No. 1 geopolitical flashpoint, carrying around 20% of global oil shipments. Iran wants to retain control, while the United States demands that the strait remain open without conditions.

For now, tensions have eased… but many people are already used to the pattern: today, “the deal is almost done”; tomorrow, another round could begin. 😄😄😄

@BackcomGlobal

🔥 TRUMP SELLS EARLY ACCESS TO HIS POSTS — FOR UP TO $100,000 PER MONTH

⭐ Starting August 1, 2026, Trump Media officially launched its Truth API service.

🟣 Wall Street investment funds can pay up to $100,000 per month, or $60,000 per month with a three-year contract, to receive Trump’s posts a few milliseconds earlier than free users.

📌 Why is it so expensive? Because Trump’s posts often cause sharp moves in stocks, oil and currencies. Even a slight delay can mean the trading opportunity is already gone.

🟣 Free users can still view the posts as usual, but with a slight delay.

🟣 Trump posts messages that can move financial markets, while also being a major shareholder in the company selling early access to those posts. Many people are calling this a conflict of interest.

More money → access a few milliseconds earlier → make money.
Less money → wait. ☢️

@BackcomGlobal

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🇮🇷 Iran Rejects Trump’s Claims

🔴Mehr News Agency cited an Iranian military official as saying Trump’s statement was “nothing more than another lie.”
🔴Iran’s armed forces remain “on high alert and ready to respond to any situation.”
🔴According to Fars News Agency, the Strait of Hormuz will remain blocked as long as the United States continues its hostile actions.
🔴Tehran completely denied that it had asked the US to suspend its attacks or reached any agreement regarding the Strait of Hormuz.

📌Brief background:
🖤The US-Iran conflict has continued since late February 2026.
🖤The Strait of Hormuz remains a major flashpoint, with Iran maintaining control and requiring vessels to seek permission and pay fees.
🖤Diplomatic efforts through intermediaries are still ongoing, but both sides continue to issue conflicting statements.

Tensions remain high, with a significant gap between the two sides’ positions.

@BackcomGlobal

🔥🔥🔥 Oil Prices Plunge After Trump’s Remarks 🛢

✊ After US President Donald Trump announced that he had called off planned airstrikes on Iran and said that an agreement was getting closer:
🔴 US crude oil (WTI) fell by around 5%, dropping to $80.79 per barrel.
🔴 Brent crude also declined by around 5%, falling to $83.87 per barrel.

👉 Main reason: Markets expect tensions to ease, raising hopes that the Strait of Hormuz could soon reopen to shipping and reducing concerns over disruptions to global oil supplies.

✔️ Oil prices are still around 20% higher than before the conflict began in late February 2026.

📈 Energy markets reacted quickly to the diplomatic signals, although Iran continues to reject several claims made by the United States.

@BackcomGlobal

🔴 US ECONOMIC CALENDAR (UTC)
WEEK 01 – AUGUST 2026

This week’s main focus is on US labor market data, particularly the Nonfarm Payrolls (NFP) report on August 7, along with the ISM and ADP indicators.

📌 Key events to watch:
🟡 14:00 UTC, Monday, August 3: ISM Manufacturing PMI – July
🟡 14:00 UTC, Tuesday, August 4: JOLTS Job Openings – June
🟡 12:15 UTC, Wednesday, August 5: ADP Nonfarm Employment Change – July
🟡 14:00 UTC, Wednesday, August 5: ISM Non-Manufacturing PMI (Services) – July
🟡 12:30 UTC, Thursday, August 6: Initial Jobless Claims
🟣 12:30 UTC, Friday, August 7: Nonfarm Payrolls (NFP) + Unemployment Rate + Average Hourly Earnings – July

📈 Markets will be paying particularly close attention to the NFP report on August 7. This week’s ISM, ADP and Initial Jobless Claims data could have a significant impact on expectations for the Federal Reserve’s interest-rate policy.

View The News Source

Wishing everyone a successful trading week! ✊

@BackcomGlobal

🔥 BLOODSHAKE IN THE JAPANESE STOCK MARKET

As the Nikkei and TOPIX plummeted, as much as 28 trillion yen (US$185 billion) in market capitalization was wiped out on the Japanese stock market at its peak today.

❗️ The reason is believed to be the appreciation of the yen due to recent monetary policies by the Bank of Japan (BoJ) and the Japanese government.

The exact figures will have to wait for the official closing data and market capitalization statistics.

@BackcomGlobal

🔥🔥🔥 US and Iran to Resume Negotiations

🇺🇸 President Trump said the United States and Iran will resume negotiations tomorrow afternoon, August 4.

✅ He stated that he had called off plans for a large-scale attack after receiving signals that an agreement could be reached on the Strait of Hormuz and Iran’s nuclear program.

🟡 Iran and Oman are reportedly in the final stage of separate negotiations over the management of maritime activities in the Strait of Hormuz.
🟡 The proposed agreement is expected to establish a new shipping route while respecting the sovereignty of both sides.

📈 Markets are closely watching the outcome of the negotiations.

Trump says “there’s a deal” → the market believes him 70%. Iran says “there’s nothing” → the market believes it 100%. 😄😄😄

@BackcomGlobal

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🚨 US 30-Year Treasury Yield Hits Highest Level Since the 2008 Crisis

🔴 The yield on the 30-year US Treasury bond has risen to 5.27%, the highest level since the global financial crisis of 2008.

🔴 The 5% mark is widely regarded as a key psychological threshold.

🔴 When yields remain elevated, capital tends to flow out of risk assets (stocks, crypto) into bonds.

This puts additional pressure on $BTC and the broader crypto market due to higher capital costs and the increasing appeal of safe-haven assets. 😫😫😫

@BackcomGlobal

🔥🔥🔥 Telegram Has Disappeared from the Global App Store

📱 Telegram no longer appears in Apple App Store search results across most regions (based on monitoring of more than 170 storefronts).

🖤 Neither Apple nor Telegram has issued an official statement explaining the reason.
🖤 The app continues to function normally if it is already installed.
🖤 A similar incident occurred in 2018 (related to policy-violating content), and the app was later restored.

🔴 Telegram-related tokens (such as GRAM/TON) also saw a slight decline following the news.

In the meantime, users can consider using Nicegram or Telegram X (if still available on the App Store) as temporary alternatives while waiting for an official update.

@BackcomGlobal

✅ Telegram's Comeback Was Incredibly Fast 😂

Just a few hours after disappearing from the global Apple App Store yesterday, Telegram is now back and available again across almost all regions. 🚀