🔥 This Week: U.S. Crypto Leaders Have a Packed Meeting Schedule

🔴 Aug 19: President Trump is expected to meet with crypto industry leaders at the White House.
🔴 Aug 20: The CFTC Innovation Committee will hold its first meeting, focusing on three key areas:
🖤 Crypto regulatory framework
🖤 AI applications in financial markets
🖤 Regulations for prediction markets

The two back-to-back meetings show that the U.S. is stepping up dialogue with the industry to help finalize its regulatory framework.

@BackcomGlobal

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🔥🔥🔥 Tough Statements From the U.S. and Iran

📌 Both the U.S. and Iran have denied reports of a 60-day ceasefire extension:

🇺🇸 U.S. threatens to bomb Oman if it obstructs efforts to reopen the Strait of Hormuz.
🇮🇷 Iran has set a deadline of several weeks; otherwise, it will impose an indefinite blockade and shift toward further attacks.

📈 Market Reaction:
🛢 Brent crude surged nearly 3% to above $90.
🔴 U.S. stocks fell, Bitcoin recovered to around $64K, while gold held above $4,400.

Tensions continue to escalate, and risks to global oil supply remain extremely high.

@BackcomGlobal

💰 Strategy & Bitmine: Two Treasury Giants Are “Holding Cash” More Than “Stacking Coins”

🟢 Strategy
🖤 Raised $333.7M through MSTR stock sales.
🖤 Repurchased $132.2M worth of STRC shares.
🖤 Increased its USD reserve to $4.8B (enough to cover 2.8 years).
🖤 No BTC purchases for the 8th consecutive week.
🟢 Bitmine (Tom Lee)
🖤 Bought only an additional 9,926 ETH (~$19M).
🖤 5th consecutive week of accumulating at a slower pace.
🖤 Still expects ETH/BTC to rise strongly, driven by tokenization and AI.

➡️ The two major treasury players are prioritizing cash preservation and slower accumulation while market uncertainty remains high.

@BackcomGlobal

🔥🔥🔥 Japan, China, and the UK Sold Off $61 Billion in U.S. Treasuries in June

🏙 The three largest foreign creditors of the United States collectively sold a total of $61 billion in U.S. Treasury securities in June:

🇯🇵 Japan posted the biggest reduction.
🇨🇳 China also cut its holdings significantly (to the lowest level since 2008).
🏴󠁧󠁢󠁥󠁮󠁧󠁿 The UK reduced its holdings more modestly.

⚡️ This move came at a time when U.S. borrowing costs were at their highest level since 2007, reflecting growing caution among major foreign investors toward U.S. public debt.

@BackcomGlobal

🔥🔥🔥 Trump Posts Image Declaring Hormuz “New U.S. Territory”

🏙 President Trump has just posted an image/map on Truth Social declaring the Strait of Hormuz as new U.S. territory.

📌 He also stated:

🖤 There are currently no negotiations with Iran underway or scheduled.
🖤 The naval blockade remains fully in effect.
🖤 Hormuz is open and operating normally.
🖤 All naval mines have been removed or detonated.

👍 This statement further escalates tensions with Iran.

@BackcomGlobal

🔥 SEC Officially Proposes Its First Crypto Rulebook

📌 The SEC has just released a draft of Regulation Crypto Assets — its first regulatory framework specifically designed for the cryptocurrency market. Here are the 5 key points:

1️⃣. Easier fundraising: Projects may raise up to $75 million per year without going through full securities registration.
2️⃣. Support for smaller projects: A separate exemption would allow projects to raise up to $5 million over a four-year period.
3️⃣. A path out of “security” status: Tokens may no longer be treated as securities once the development team fulfills the commitments outlined in its roadmap under a safe harbor mechanism.
4️⃣. Preemption of state-level barriers: State securities regulations would no longer apply to offerings that qualify under this framework.
5️⃣. Strong focus on transparency: Projects would still be required to disclose key information to help protect investors.

The proposed rules are now open for 60 days of public comment before the SEC makes a final decision.

@BackcomGlobal

📈 Markets Red for the 3rd Straight Session – BTC Bucks the Trend

🔴 U.S. stocks fell for a third consecutive session. The Dow Jones and S&P 500 edged lower, while the Nasdaq dropped more sharply (-1.3%) as tech stocks led the sell-off.

📌 Main reason: Government bond yields in the U.S., Japan, Germany, and France simultaneously climbed to multi-decade highs, pushing borrowing costs higher.

💰 Gold slipped back toward the $4,300 area.
🪙 Bitcoin moved against the broader trend, briefly reaching $65K.

➡️ High yields continue to weigh heavily on risk assets, while BTC is showing relative strength of its own.

@BackcomGlobal

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🔥 UK July CPI Expected to Accelerate, Strengthening the Case for a BoE Rate Hike

🏴󠁧󠁢󠁥󠁮󠁧󠁿 UK CPI inflation for July is expected to rise to 2.9% YoY, up from 2.5% in June, exceeding the Bank of England’s (BoE) previous forecast.
🟣 If the data comes in as expected, it would strengthen the case for the BoE to raise interest rates in the coming months, particularly at the September meeting.

✅ The CPI release will be a key factor in determining the direction of the British pound and shaping expectations for the BoE’s monetary policy outlook.

@BackcomGlobal

🔥🔥🔥 Gold Rebounds From Weekly Low as USD Weakens

💰 Gold prices are recovering from their lowest level of the week, climbing back above $4,350.
⚡️ The main driver is a weaker U.S. dollar ahead of the release of the July FOMC Meeting Minutes. Markets are waiting for further signals on the Fed’s interest rate stance before making a clearer directional bet on gold.

➡️ The FOMC Minutes will be a key factor in determining whether gold’s recovery can continue.

@BackcomGlobal

🔥🔥🔥 Markets Explode: Gold Hits $4,500 – BTC Nears $70K

🟡 Gold surged nearly 3%, reaching $4,500.
🟡 Bitcoin jumped sharply from around $64K to nearly $70K, pulling altcoins broadly higher.
🖤 Nearly $3 billion in crypto positions were liquidated over the past 24 hours — the highest level since October last year.

📌 Main Drivers:
1️⃣ A series of positive remarks from Trump at the crypto summit.
2️⃣ The U.S. doubled the size of its bond buybacks, from $2B to at least $4B per operation, in an effort to ease upward pressure on yields.

📈 Markets are reacting strongly to signals of easier liquidity conditions and increased support from the U.S. side.

@BackcomGlobal

🔥🔥🔥 Trump Officially Joins Crypto Meeting

✊ President Trump will attend the crypto meeting at 11:30 AM on August 20 (California time – PDT), alongside:
🟣 SEC Chair
🟣 CFTC Chair
🟣 Representatives from both traditional finance (TradFi) and crypto exchanges

🖤 The meeting comes just one day after the SEC unveiled its new crypto regulatory proposal, while the CFTC is also expected to introduce related proposals soon.

With the CLARITY Act still stalled, the White House is taking a more active role in accelerating efforts to finalize the regulatory framework for the crypto industry.

@BackcomGlobal

🔥🔥🔥 U.S. Dollar Hits a 3-Month Low 💵

🔴 The U.S. dollar has fallen to its lowest level in 3 months.

📌 Main reasons:

🖤 The U.S. Treasury doubled the size of its long-term bond buybacks.
🖤 Treasury yields cooled, reducing the attractiveness of the U.S. dollar.

The Treasury’s intervention is putting clear short-term pressure on the greenback.

@BackcomGlobal

🔥🔥🔥 Surging Treasury Yields Force the U.S. Treasury to Step In

🔴 Investors are becoming increasingly concerned about long-term U.S. debt and are selling older bonds → bond prices fall, while yields surge to their highest levels in nearly 20 years.

🇺🇸 Treasury Secretary Scott Bessent decided to act: doubling the size of long-term bond buybacks from $2 billion to at least $4 billion per operation.

📈 The market reacted immediately:
🖤 10-year and 30-year Treasury yields dropped sharply.
🖤 U.S. stocks turned green again.

@BackcomGlobal

👍 Is Trump Sending Positive Signals to the Market?

🏙 President Trump has just stated:
🖤 The U.S. has full control of the Strait of Hormuz.
🖤 Iran is actively negotiating, despite repeated denials from Iranian officials.
🖤 A new trade deal with Canada is close to being reached.

📈 Markets reacted quickly, with Bitcoin briefly posting a sharp flash pump.

The story about “paying $100K to get early access to news on Truth Social” is once again being discussed. 😄😄😄

@BackcomGlobal

🔥🔥🔥 CFTC Brings Positive News for Crypto

🤝 During this morning’s meeting, the CFTC Chair delivered several positive signals:

🖤 The crypto market will soon have clearer market-structure rules — the CFTC is committed to moving forward whether or not the CLARITY Act is passed.
🖤 The agency is considering rules that would allow crypto exchanges to offer margin and leveraged trading.
🖤 The basic regulatory framework is already in place.
🖤 The CFTC Chair is optimistic that the CLARITY Act could pass the Senate in the September 15 vote.
🖤 The GENIUS Act has helped provide clearer distinctions between securities and commodities.
🖤 The U.S. is determined to lead in technology and crypto innovation.

🇺🇸 The U.S. is showing strong support for crypto. Bitcoin has surged sharply, nearly reaching the $74K–$75K range after two important days of meetings.

@BackcomGlobal

🔥🔥🔥 BTC Breaks Above $75K, Gold Hits $4,500 – U.S. Stocks End in the Red

💰 Bitcoin surged by more than $10K (around 17%) in just two days, breaking above $75K.
💰 Gold climbed above $4,500.
📉 U.S. stocks closed the session in the red.

Crypto and gold are clearly benefiting from recent liquidity and policy signals, while traditional equities remain under pressure.

@BackcomGlobal

🔥 U.S. Treasury Secretary to Hold Press Conference on August 24

🏙 Scott Bessent is expected to announce the toughest sanctions package in history targeting Iran.
🟣 This marks the next step in Washington’s strategy to intensify economic pressure.
🟣 The U.S. is maintaining its naval blockade and has ended negotiations.

🇮🇷 Economic pressure on Iran is being raised to an unprecedented level.

@BackcomGlobal

🔥🔥🔥 CFTC Begins Building Its Own Crypto Regulatory Framework

🟢 CFTC Chair Michael Selig said he has directed agency staff to begin developing a crypto regulatory framework.
🟢 The CFTC will use its existing authority, without waiting for Congress to act.
🟢 Goal: To prepare for the possibility that the CLARITY Act remains stalled in the Senate.

🇺🇸 The CFTC is taking the initiative instead of waiting for CLARITY — a positive signal for the U.S. crypto market. 🪙

@BackcomGlobal

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