> JUST IN: BINANCE SAYS ON-CHAIN TOKENIZED ASSETS HAVE GROWN 589% TO $31 BILLION SINCE 2025.
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> $1 TRILLION ERASED FROM STOCK MARKET TODAY AS THE DOLLAR INDEX $DXY HITS A 13-MONTH HIGH
GLOBAL TECH SELLOFF SLAMS CHIPMAKERS AS FEARS GROW THE AI RALLY HAS RUN TOO HOT, NASDAQ CLOSES DOWN 2%, NVIDIA FALLS 4%, MEMORY NAMES DROP 10%+
THE DROP STARTED IN ASIA WITH SOUTH KOREA’S KOSPI CRASHED 10%, TRIGGERING CIRCUIT BREAKERS TWICE, WITH SK HYNIX AND SAMSUNG BOTH DOWN 12%. THEN IT CROSSED THE OCEAN WITH MICRON, SANDISK AND ARM ALL OFF 10%
MONEY ROTATED INTO DEFENSIVES LIKE WALMART AND J&J. THE FEAR IS THE AI WINNERS AREN’T EXPENSIVE, THEY’RE “CROWDED,” AND HYPERSCALER SPENDING MAY BE PEAKING.
ALL EYES ON MICRON’S EARNINGS WEDNESDAY, THE TEST OF WHETHER THE CHIP SUPERCYCLE HOLDS.
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GLOBAL TECH SELLOFF SLAMS CHIPMAKERS AS FEARS GROW THE AI RALLY HAS RUN TOO HOT, NASDAQ CLOSES DOWN 2%, NVIDIA FALLS 4%, MEMORY NAMES DROP 10%+
THE DROP STARTED IN ASIA WITH SOUTH KOREA’S KOSPI CRASHED 10%, TRIGGERING CIRCUIT BREAKERS TWICE, WITH SK HYNIX AND SAMSUNG BOTH DOWN 12%. THEN IT CROSSED THE OCEAN WITH MICRON, SANDISK AND ARM ALL OFF 10%
MONEY ROTATED INTO DEFENSIVES LIKE WALMART AND J&J. THE FEAR IS THE AI WINNERS AREN’T EXPENSIVE, THEY’RE “CROWDED,” AND HYPERSCALER SPENDING MAY BE PEAKING.
ALL EYES ON MICRON’S EARNINGS WEDNESDAY, THE TEST OF WHETHER THE CHIP SUPERCYCLE HOLDS.
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> JUST IN: GOOGLE $GOOGL ADDED TO THE DOW JONES INDUSTRIAL AVERAGE, REPLACING VERIZON $VZ.
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> JUST IN: 🇺🇸 US HOUSE OFFICIALLY PASSES BILL TO BAN THE FEDERAL RESERVE FROM CREATING A CBDC UNTIL 2030.
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> WHILE CORPORATE TREASURY FIRMS REMAIN NET BITCOIN BUYERS, THEIR DAILY PURCHASES HAVE DROPPED FROM PEAKS ABOVE $500 MILLION EARLIER THIS SPRING TO MINIMAL LEVELS THIS MONTH, REMOVING A KEY SOURCE OF DEMAND — LINK
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> JUST IN: 🇺🇸 PRESIDENT TRUMP ORDERS DOJ TO LAUNCH INVESTIGATION INTO BIG OIL COMPANIES FOR ARTIFICIALLY INFLATING GAS PRICES.
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> CBOE LAUNCHES PREDICTION MARKET SUITE WITH BINARY OPTION CONTRACTS ON S&P 500 — LINK
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> THIS FRIDAY 8 AM UTC, 162 K $BTC ARE SET TO EXPIRE ON DERIBIT WITH A NOTIONAL VALUE OF $10.16 BILLION.
MAX PAIN PRICE $72,000, PUT/CALL RATIO: 0.81
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MAX PAIN PRICE $72,000, PUT/CALL RATIO: 0.81
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> CORPORATE $BTC TREASURY BUYING HAS SLOWED SHARPLY, FALLING FROM $500M+ PER DAY IN SPRING TO NEAR ZERO THIS MONTH | DATA:
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> GULF STATES ARE NEGOTIATING A NEW SECURITY PACT WITH IRAN, MOVING OUT FROM UNDER THE US UMBRELLA, THE QATARI PM SAYS | PER FT
A SEPARATE ISRAELI REPORT ALLEGES QATAR HAS QUIETLY EXPANDED ECONOMIC AND MILITARY COOPERATION WITH IRAN SINCE 2018. TEHRAN AND DOHA HAVE GROWN CLOSER FOR YEARS, BUT A FORMAL REGIONAL SECURITY FRAMEWORK THAT SIDELINES WASHINGTON WOULD MARK A MAJOR SHIFT IN THE GULF'S POSTURE.
DEVELOPING
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A SEPARATE ISRAELI REPORT ALLEGES QATAR HAS QUIETLY EXPANDED ECONOMIC AND MILITARY COOPERATION WITH IRAN SINCE 2018. TEHRAN AND DOHA HAVE GROWN CLOSER FOR YEARS, BUT A FORMAL REGIONAL SECURITY FRAMEWORK THAT SIDELINES WASHINGTON WOULD MARK A MAJOR SHIFT IN THE GULF'S POSTURE.
DEVELOPING
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> ISRAEL'S DEFENCE MINISTER: ISRAEL WILL NOT WITHDRAW FROM SOUTH LEBANON, EVEN IF THE U.S. DEMANDS IT
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> TRUMP'S WEDNESDAY SCHEDULE
🔸 8:00 AM — EXECUTIVE TIME
🔸 12:00 PM — SIGNS THE 21ST CENTURY ROAD TO HOUSING ACT (CAPITOL)
🔸 1:00 PM — SENATE STEERING COMMITTEE LUNCH (CAPITOL)
🔸 3:30 PM — MEETING WITH NATO SECRETARY GENERAL (OVAL OFFICE)
🔸 5:00 PM — POLICY MEETING (OVAL OFFICE)
🔸 8:30 PM — REMARKS AT THE GREAT AMERICAN STATE FAIR (NATIONAL MALL)
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🔸 8:00 AM — EXECUTIVE TIME
🔸 12:00 PM — SIGNS THE 21ST CENTURY ROAD TO HOUSING ACT (CAPITOL)
🔸 1:00 PM — SENATE STEERING COMMITTEE LUNCH (CAPITOL)
🔸 3:30 PM — MEETING WITH NATO SECRETARY GENERAL (OVAL OFFICE)
🔸 5:00 PM — POLICY MEETING (OVAL OFFICE)
🔸 8:30 PM — REMARKS AT THE GREAT AMERICAN STATE FAIR (NATIONAL MALL)
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