🇺🇸 U.S. jobless claims declined to 203K, coming in below the projected 208K. Continuing claims also eased to 1.778M, lower than the expected 1.790M.

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🇮🇳 Indian investors poured a record $457 million into foreign stocks and bonds in just one month — the highest ever in a single month.

📱 See source

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🚨 Moonwell hit by an estimated $8.7M exploit on Base. The attacker manipulated MAMO’s price to borrow high-value assets.

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📢 Charles Schwab announces that its cryptocurrency clients will soon gain the ability to trade Solana (SOL), Avalanche (AVAX), and Chainlink (LINK).

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🔼$HYPE reaches a new all-time high of $84.

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Bitcoin ETFs See Strong Inflows This Week

Institutional interest holds firm, with sustained buying in ETFs. 👀

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🇸🇬 Genius Group Announces Ambitious $827M Bitcoin Acquisition Plan

➡️ Singapore-listed Genius Group has unveiled plans to build a $827 million Bitcoin treasury over the next five years, with the goal set for FY2031.

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🇺🇸🇻🇪 The Trump administration is reportedly nearing a deal to acquire ownership stakes in over a dozen Venezuelan oil fields—an agreement that could more than double U.S. oil reserves.

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🇺🇸🇮🇷 The Trump administration has informed mediators it will not reaccept the terms of the June MOU agreement with Iran.

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💥 Quick Market Update!

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💜 Happy Raksha Bandhan! ⭐️

Wishing all siblings joy, prosperity, and unforgettable moments this Raksha Bandhan.

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✨Happy Raksha Bandhan! Wishing you and your loved ones a joyful celebration filled with warmth, laughter, and unforgettable memories

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📢 The Trump family-affiliated World Liberty Financial is launching a new crypto bank, reportedly backed by Sheikh Tahnoon bin Zayed al Nahyan, UAE National Security Adviser. He holds a 49% stake via an investment group.

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🚨 BITCOIN JUST SAW ITS BIGGEST WEEKLY SURGE IN HISTORY

Bitcoin achieved its largest weekly dollar gain ever, marking a major milestone.

It also logged its strongest percentage rise since March 2023, according to Galaxy Research.

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💰Bitcoin’s 90-day correlation with gold has surged from nearly zero to over 50%.

➡️ Meanwhile, its correlation with the Nasdaq 100 has dropped from above 60% to about 33%.

➡️ According to Grayscale’s Zach Pandl, this shift signals growing interest in Bitcoin’s scarcity and its role as a store of value.

➡️ Mounting U.S. debt and expanding fiscal deficits are putting the “debasement trade” back in the spotlight.

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🇺🇸 U.S. Wages Drop to 43% of National Income

➡️ Wages and salaries now make up just about 43% of national income—hovering near the lowest share since record-keeping began in 9.

➡️ At the same time, corporate profits are hitting all-time highs.

➡️ This widening imbalance helps clarify why GDP can climb even as many Americans feel increasingly squeezed financially.

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📢 Dunamu, the company behind Upbit, has partnered with Visa to create innovative financial and payment solutions centered on stablecoins and AI.

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Public Citizen reports investor losses of at least $4.7 billion across cryptocurrency ventures linked to Trump. 👇

📱 https://x.com/wiseadvicesumit/status/2093213106378097083

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