BitMEX will cease operations starting September. Founded in 2014 by co-founder Arthur Hayes, it pioneered perpetual futures and introduced up to 100x leverage in May 2016, setting an industry standard.

✅@futures

Crypto flash

⚡️ JUST IN: Trump says the United States is talking with Iran "right now."

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Crypto flash

In crypto, everyone hates Trump, but not Kimchi. The Korean trader made around $40 million by going long on the TRUMP meme token in its first seconds and selling at peak hype. The coin hit an FDV of $80 billion early on.

Since then, Kimchi vanished from content, returning to X only a few times a year to post silent photos.

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Crypto flash

US chipmakers' stocks are falling after news that China has started its own chip production.

Chipmakers lost $1 trillion in market value.

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Crypto flash

The dollar has lost its purchasing power: 100 years ago, $1 bought 30 chocolates, today it only buys a pack of gummies.

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Crypto flash

⚡️ JUST IN: Mediators say they are close to a breakthrough on reviving the US-Iran MoU peace agreement.

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Crypto flash

Professor John Mearsheimer says the US has been at war two out of every three years since the end of the Cold War and is dependent on war.

He adds that Washington feels like a place always planning the next target.

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Crypto flash

Everybody has two lives.

And the second one starts when you realize you only have one.

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Crypto flash

⚡️ JUST IN: South Korea’s finance minister will hold an emergency market meeting after repeated $KOSPI circuit breakers and a 17% plunge in SK Hynix shares.

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Crypto flash

Trump says U.S. strikes will take place against Iran in response to attacks on U.S. targets in Jordan.

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Crypto flash

⚡️ JUST IN: US-owned LNG floating storage facility was hit by at least one Iranian drone during cargo unloading at Egypt’s Damietta port, causing an explosion at the terminal, Ambrey reports.

The situation was contained and affected vessels were moved outside port limits, while Egyptian authorities have not confirmed the drone attack, according to Inchcape.

✅@futures

Crypto flash

💵 Fed Decision Divides Market Ahead of Vote

Today’s Fed decision splits the market: futures show a 30% chance of a rate hike and 70% for a cut.

This gap hasn’t appeared since before March 2020, when consensus was near 99% for each meeting.

Trump pushes for cuts and backed replacing Powell with Worsha, aiming for easing. But the Iran war’s oil shock and some Worsha comments hint the Fed might hike, which would spook markets.

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Crypto flash

⚡️ JUST IN: FED leaves rates unchanged.

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Crypto flash

Trump said we will be hitting Iran hard today and that it's our turn.

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Crypto flash

⚡️ JUST IN: Iran launches ballistic missiles at a US base in Jordan.

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Crypto flash

Trading paradox:

The faster you want it, the longer it takes.

If you want maximum velocity, you must move as slowly as possible.

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Crypto flash

The bond vigilantes are back.

US 30yr yields are at their highest level since 2007!

Clearly the bond market wasn't impressed with that FOMC.

Higher long dated yields = higher mortgage costs

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Crypto flash

⚡️ JUST IN: Situational Awareness sold most of its stock portfolio to Citadel following significant losses in AI investments, according to WSJ.

The hedge fund, which had a net asset value of $45 billion on July 1st, is now reportedly in crisis mode.

✅@futures

Crypto flash

⚡️ JUST IN: Iran strikes US military assets in Bahrain.

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Crypto flash

I guarantee you have everything to become a profitable trader.

You just need to remove the urge of recovering losses quickly.

✅@futures

Crypto flash