📅 ASIA WRAP — Mon 6 Jul

Geopolitical tensions and energy supply concerns dominate Asia markets

⚡ TOP STORIES
1. China Launches Nuclear-Capable Missile in South Pacific
2. ISM Services PMI
3. World Absorbs Iran Oil Loss Amid Depleted Stocks
+ 3 more in image ↑

🛢 PULSE DXY ▼0.3%

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🔴 BREAKING

Bitcoin bulls shake off Strategy's $216M $BTC sale as price overtakes $64K

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling, per CoinTelegraph.

01:55 UTC · Jul 7

🔴 BREAKING

Bitcoin Falls After $64,000 Amid $213 Million $BTC Sale

The token touched $64,400 overnight before easing back, still up about 6% on the week. A fresh missile strike on a Qatari gas ship in the Strait of Hormuz lifted oil and tested the late-June peace deal as Asian tech sold off again, per CoinDesk.

04:33 UTC · Jul 7

🔴 BREAKING

$XRP stalls near $1.14 as breakout attempt struggles for volume

Buyers defended the session lows and pushed $XRP back toward resistance, but muted overall volume left traders waiting for confirmation above $1.13-$1.14, per CoinDesk.

04:46 UTC · Jul 7

🔴 BREAKING

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China’s crude oil demand is expected to peak this year, according to executives from the country’s largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis. The world’s top oil importer would record slowing demand as reduc, per SCMP.

06:00 UTC · Jul 7

🔴 BREAKING

US Futures Decline Ahead of Fed Minutes, Earnings

US stock futures dip after Wall St rally as traders await Fed mins, earnings, per Investing.com.

01:58 UTC · Jul 7

🔵 CRYPTO

Bitcoin Falls as Japan Raises Interest Rates

Japanese bond yields continue to rise, lifting their U.S. counterparts and posing a potential headwind for risk assets, per CoinDesk.

07:50 UTC · Jul 7

🔴 BREAKING

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significant, per OilPrice.com.

09:30 UTC · Jul 7

🔵 CRYPTO

Binance Launches Bitcoin Covered-Call Yield Product for Holders

The product, called $BTC Yield, is designed exclusively for people who already hold bitcoin, per CoinDesk.

08:20 UTC · Jul 7

🔴 BREAKING

July’s $BTC rally loses steam 🛑

Bitcoin’s 8.4% advance in July stalled as open interest declined to $32 billion and spot demand weakened. Price retreated from a two-week peak of $64,500. Source:, per CoinDesk.

10:44 UTC · Jul 7

🔴 BREAKING

Bitcoin holds above $63k as traders weigh fresh Iran tensions, tech selloff

Bitcoin holds above $63k as traders weigh fresh Iran tensions, tech selloff, per Investing.com.

07:33 UTC · Jul 7

🔵 CRYPTO

Traders Sue Polymarket Over 'No' Ruling on Strategy Bitcoin Sale

The plaintiffs say Polymarket added a rule after the fact, turning their winning "Yes" bet on Strategy's Bitcoin sale into a loss, per Decrypt.

11:34 UTC · Jul 7

🔴 BREAKING

$BTC at $63,500 after six-day rally 📈

Wintermute and Bitfinex reported weak ETF demand. K33 data shows 50% of Bitcoin supply is at a loss. Thin summer liquidity noted, per The Block.

12:43 UTC · Jul 7

🔴 BREAKING

Trump on Ukraine war: I think we're going to be settling

I think we can settle the war in Ukraine, hopefully soon I think they both want a deal Hope it is settled soon Trump ran his campaign on ending the Ukraine war in 24 hours. We're still waiting but a real deal would be another drag on oil prices. This article was written by Adam B, per ForexLive.

13:04 UTC · Jul 7

🔴 BREAKING

Germany Plans $1.7 Billion Strategic Natural Gas Reserve

Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today, Reuters reported that the strategic government-owned reserve would require up to $1, per OilPrice.com.

13:30 UTC · Jul 7

📅 ASIA WRAP — Tue 7 Jul

Asia markets navigate rate hikes and geopolitical tensions

⚡ TOP STORIES
1. Bitcoin Falls as Japan Raises Interest Rates
2. Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War
3. Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
+ 3 more in image ↑

🛢 PULSE US10Y ▲2.5%

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🔴 BREAKING

Strike Launches Bitcoin Loans to Mitigate Liquidation Risk

Collateral can be partially liquidated, however, if a borrower misses an interest or maturity payment and fails to pay within a grace period, per The Block.

20:48 UTC · Jul 7

🔴 BREAKING

US oil prices jump after US military launches strikes against Iran

US oil prices jump after US military launches strikes against Iran, per Reuters.

22:55 UTC · Jul 7

⏰ MACRO ALERT — IN 1 HR

🇳🇿 Official Cash Rate

📊 Actual: Pending (forecast 2.50%)
📉 Previous: 2.25%

📚 The Official Cash Rate is the interest rate set by the Reserve Bank of New Zealand, announced eight times a year, to encourage non-inflationary growth.

Jul 8, 02:00 AM · Reserve Bank of New Zealand

🔴 BREAKING

Oil Surges as US Strikes Targets in Iran Following Ship Attacks

Oil Surges as US Strikes Targets in Iran Following Ship Attacks Bloomberg.com, per Bloomberg.

22:01 UTC · Jul 7

🔴 BREAKING

US strikes Iran targets after reinstating oil sanctions 🛢️

The US has launched military strikes on Iranian targets following the reinstatement of oil sanctions. The sanctions were reimposed after recent shipping attacks in the region, per, per Investing.com.

01:11 UTC · Jul 8