💸 USDT Trading at 8.5% Premium in India

USDT is selling in India at an 8.5% premium over the dollar rate. It trades near 103 rupees versus the official 94.65 rupees per dollar.

Raids on firms using USDT to bypass currency rules have cut liquidity on local platforms, causing a shortage. The usual premium of 3–4% has more than doubled.

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Robert Kiyosaki predicts gold will rise to $35,000 within 5 years.

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💰 Major Firms Launch New Stablecoin Open USD

Visa, Mastercard, Blackrock, Stripe, Coinbase, and BNY are launching Open USD (OUSD). It offers free minting, revenue share from reserves (interest minus fees), and joint governance.

Unlike USDT and USDC, no single issuer controls it. Launch is planned for later in 2026.

Meanwhile, CRCL shares face a dump and capitulation, threatening their survival.

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US chipmakers deliver their best quarter ever in US stocks.

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⚡️ JUST IN: U.S. private employers added 98,000 jobs in June, below the 118,000 forecast.

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Trump bought Axon Enterprise shares two weeks before the company secured a $220 million contract from ICE, sending its stock soaring.

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Hedge funds raised long US dollar positions to the highest since January.

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Michael Burry, the investor who predicted 51of the last 2 US stock market crashes, shorted shares of NVDA, TSLA, AMAT, and CAT.

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BTC has dropped 54% from its October peak, the largest and longest decline since 2022.

Options traders bet on BTC falling to $50,000.

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Speculators raised short positions in the yen to near-record levels, says CFTC. Bank of Japan vows strong action.

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⚡️ JUST IN: U.S. officials believe Israel may have plotted to kill Iran's top negotiators during peace talks, according to NYT.

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Bank of Japan intervened in the currency market to support the yen after USD/JPY hit a 40-year high of 162.84 and then plunged to 160.90 within hours.

The nearly 1.18% drop in a few hours is an unusual market move, following $72-73 billion spent on interventions in April and May.

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🔥 Global stock market cap hits a record $166 trillion with a 23.6% year-on-year rise

This represents a $32 trillion increase, well above the long-term average. Since the 2020 pandemic low, global markets have surged by $94 trillion, or 131%.

The global equity market has grown at a 7.0% compound annual growth rate over the last 20 years. As a share of global GDP, market cap now stands at a record ~134%.

Global equities are experiencing one of the strongest rallies in history.

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Trump earned more from cryptocurrency than any public American crypto company.

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