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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Retail traders trying to trade against smart money:

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Fix the leak.

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Trump earned his first billion in crypto only at 80 years old.

Relax, you still have plenty of time.

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🇹🇷 Turkish Lira Nears Total Devaluation

The Turkish lira has lost 99.995% of its value against the US dollar since its peak. Despite Turkey selling nearly $26 billion in gold and bonds this year to support it, the lira keeps hitting record lows weekly.

Meanwhile, Turkey ranks among the top countries for stablecoin adoption, especially USDT, with TRY/USDT one of the most traded pairs.

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China is decades ahead of Europe and the US in development, installing rooftop rainwater collection systems that lower temperatures by 5-8 °C for residents.

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Trump claimed that every time his children invest in stocks or make purchases, they have insider information.

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US officials say Iran has attacked two commercial vessels in the Strait of Hormuz.

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Trump said recent short sellers are in big trouble and will get crushed.

Meanwhile, Michael Burry recently opened a major short position against the U.S. market, including TSLA, NVDA, and SOXL.

✅@futures

⚡️ JUST IN: SpaceX and $SPCX are being added to the Nasdaq 100 today.

This is the fastest inclusion in the index’s history.

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A guy lost $11.6 million on World Cup bets on a polymarket, hitting only 4 out of 15.

His biggest loss was $5 million betting against Morocco in the round of 16.

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🗣️ Michael Burry on Bearish Thinking and Market Predictions

Michael Burry, who recently took a large public short position on a US fund, stated that "most people think in three dimensions, bears think in six."

✅@futures

⚡️ JUST IN: US is revoking Iran's new general license to export oil after Iran attacked three commercial vessels in the Strait of Hormuz.

The US described Iran's actions as "wholly unacceptable" and warned they will face consequences.

✅@futures