> CITADEL SECURITIES INVESTS $400 MILLION IN CRYPTO. COM AT $20 BILLION VALUATION — LINK
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> JUST IN: CITADEL SECURITIES INVESTS $400 MILLION INTO CRYPTOCURRENCY EXCHANGE CRYPTO․COM AT A $20,000,000,000 VALUATION.
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> LARGEST U.S. RETAIL MARKET MAKER CITADEL SECURITIES INVESTS $400 MILLION IN CRYPTO COM AT A $20 BILLION VALUATION
CITADEL SECURITIES HAS INVESTED $400 MILLION IN CRYPTO COM AT A $20 BILLION VALUATION, MARKING THE CRYPTO EXCHANGE’S FIRST INSTITUTIONAL FUNDING ROUND. CRYPTO COM SAID THE CAPITAL IS EXPECTED TO ACCELERATE ITS EXPANSION ACROSS ASSET CLASSES, INCLUDING TOKENIZED SECURITIES AND DERIVATIVES. — LINK
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CITADEL SECURITIES HAS INVESTED $400 MILLION IN CRYPTO COM AT A $20 BILLION VALUATION, MARKING THE CRYPTO EXCHANGE’S FIRST INSTITUTIONAL FUNDING ROUND. CRYPTO COM SAID THE CAPITAL IS EXPECTED TO ACCELERATE ITS EXPANSION ACROSS ASSET CLASSES, INCLUDING TOKENIZED SECURITIES AND DERIVATIVES. — LINK
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> KUWAIT DEFENCE MINISTRY SAYS IRANIAN 'AGGRESSION' ON THURSDAY TARGETED NUMBER OF VITAL FACILITIES, RESULTING IN MATERIAL DAMAGE
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> 🇺🇸 TRUTH SOCIAL TO SELL FASTER ACCESS TO PRESIDENT TRUMP'S POSTS FOR TRADERS AND INVESTORS, WSJ REPORTS.
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> IRAN'S SEMI-OFFICIAL TASNIM SAYS U.S FIGHTER JETS LAUNCHED MISSILE ATTACK ON IRANSHAHR AIRPORT
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> JUST IN: SPACEX $SPCX CLOSES BELOW ITS IPO PRICE FOR THE FIRST TIME SINCE IT WENT PUBLIC.
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> JUST IN: 🇺🇸 CRYPTO CLARITY ACT EXPECTED TO BE RELEASED TODAY DOES NOT HAVE SENATE DEMOCRAT SUPPORT, POLITICO REPORTS.
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> IRANIAN ARMY SAYS IT TARGETED U.S. HELICOPTERS, RECONNAISSANCE AIRCRAFT AT SAKHIR BASE IN BAHRAIN IN DRONE ATTACK - TASNIM
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> HIGHLIGHT CLIP FED CHAIR: WE'RE NOT BAILING OUT ANYBODY, INCLUDING CRYPTO
FED CHAIR: WE'RE NOT BAILING OUT ANYBODY, INCLUDING CRYPTO
FEDERAL RESERVE CHAIR KEVIN WARSH SAID AT A JULY 14 HEARING OF THE U.S. HOUSE FINANCIAL SERVICES COMMITTEE THAT THE FED DOES NOT WANT TO BE IN THE BAILOUT BUSINESS, AND HOPES REFORMS CAN REDUCE EXTREME RISKS SO THE FINANCIAL SYSTEM IS NOT IN A POSITION WHERE ANYONE NEEDS TO BE BAILED OUT, INCLUDING THE CRYPTO INDUSTRY.
HOWEVER, WHEN PRESSED ON WHETHER THE FED WOULD PROVIDE SUPPORT IF STABLECOINS OR THE CRYPTO MARKET FACED A RUN, WARSH DID NOT MAKE A CLEAR COMMITMENT THAT THERE WOULD BE NO BAILOUT UNDER ANY CIRCUMSTANCES. — LINK
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FED CHAIR: WE'RE NOT BAILING OUT ANYBODY, INCLUDING CRYPTO
FEDERAL RESERVE CHAIR KEVIN WARSH SAID AT A JULY 14 HEARING OF THE U.S. HOUSE FINANCIAL SERVICES COMMITTEE THAT THE FED DOES NOT WANT TO BE IN THE BAILOUT BUSINESS, AND HOPES REFORMS CAN REDUCE EXTREME RISKS SO THE FINANCIAL SYSTEM IS NOT IN A POSITION WHERE ANYONE NEEDS TO BE BAILED OUT, INCLUDING THE CRYPTO INDUSTRY.
HOWEVER, WHEN PRESSED ON WHETHER THE FED WOULD PROVIDE SUPPORT IF STABLECOINS OR THE CRYPTO MARKET FACED A RUN, WARSH DID NOT MAKE A CLEAR COMMITMENT THAT THERE WOULD BE NO BAILOUT UNDER ANY CIRCUMSTANCES. — LINK
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> USDT TRADING IN VENEZUELA NOW RIVALS THE COUNTRY'S OIL EXPORTS
BETWEEN JUNE 11 AND JULY 13, ABOUT 1.389 BILLION USDT WAS TRADED ON BINANCE’S PEER-TO‑TO MARKET IN VENEZUELA, AVERAGING ROUGHLY USD 44 MILLION A DAY. ECOANALÍTICA, A VENEZUELAN ECONOMIC RESEARCH FIRM, ESTIMATED THAT THE VOLUME WAS EQUIVALENT TO ABOUT 75 % OF THE COUNTRY’S MONTHLY OIL EXPORTS AND REPRESENTED A SIGNIFICANT SHARE OF THE CENTRAL BANK’S FOREIGN‑CURRENCY SUPPLY IN JUNE. USDT’S LOCAL OVER‑THE‑COUNTER PRICE HAS RISEN TO ABOUT 840 BOLIVARS, ROUGHLY 15.5 % ABOVE THE OFFICIAL EXCHANGE RATE. — LINK
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BETWEEN JUNE 11 AND JULY 13, ABOUT 1.389 BILLION USDT WAS TRADED ON BINANCE’S PEER-TO‑TO MARKET IN VENEZUELA, AVERAGING ROUGHLY USD 44 MILLION A DAY. ECOANALÍTICA, A VENEZUELAN ECONOMIC RESEARCH FIRM, ESTIMATED THAT THE VOLUME WAS EQUIVALENT TO ABOUT 75 % OF THE COUNTRY’S MONTHLY OIL EXPORTS AND REPRESENTED A SIGNIFICANT SHARE OF THE CENTRAL BANK’S FOREIGN‑CURRENCY SUPPLY IN JUNE. USDT’S LOCAL OVER‑THE‑COUNTER PRICE HAS RISEN TO ABOUT 840 BOLIVARS, ROUGHLY 15.5 % ABOVE THE OFFICIAL EXCHANGE RATE. — LINK
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> TOKEN BUYBACKS CANNOT RESCUE WEAK VALUATIONS, ANSEM SAYS
CRYPTO TRADER ANSEM SAID TOKEN BUYBACKS DO NOT NECESSARILY PROVIDE LASTING SUPPORT FOR VALUATIONS, POINTING TO THE SHARP GAP BETWEEN HYPERLIQUID AND PUMP.FUN. THE TWO PLATFORMS GENERATE ABOUT USD 800 MILLION AND USD 440 MILLION IN ANNUALIZED REVENUE, RESPECTIVELY, AND BOTH USE PART OF THEIR PROFITS TO REPURCHASE TOKENS, YET HYPE CARRIES A FULLY DILUTED VALUATION OF ROUGHLY USD 65 BILLION VERSUS ABOUT USD 1.4 BILLION FOR PUMP. ANSEM ARGUING THAT HYPERLIQUID CONSISTENTLY REWARDS CORE USERS WHILE PUMP.FUN’S STILL‑UNFULFILLED AIRDROP PROMISE HAS WEAKENED ITS “TRUST PREMIUM.” — LINK
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CRYPTO TRADER ANSEM SAID TOKEN BUYBACKS DO NOT NECESSARILY PROVIDE LASTING SUPPORT FOR VALUATIONS, POINTING TO THE SHARP GAP BETWEEN HYPERLIQUID AND PUMP.FUN. THE TWO PLATFORMS GENERATE ABOUT USD 800 MILLION AND USD 440 MILLION IN ANNUALIZED REVENUE, RESPECTIVELY, AND BOTH USE PART OF THEIR PROFITS TO REPURCHASE TOKENS, YET HYPE CARRIES A FULLY DILUTED VALUATION OF ROUGHLY USD 65 BILLION VERSUS ABOUT USD 1.4 BILLION FOR PUMP. ANSEM ARGUING THAT HYPERLIQUID CONSISTENTLY REWARDS CORE USERS WHILE PUMP.FUN’S STILL‑UNFULFILLED AIRDROP PROMISE HAS WEAKENED ITS “TRUST PREMIUM.” — LINK
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> BITCOIN ETFS DRAW $79 MILLION AS ETHER FUNDS RETURN TO OUTFLOWS
ACCORDING TO SOSOVALUE DATA, U.S. SPOT BITCOIN ETFS RECORDED TOTAL NET INFLOWS OF USD 79.15 MILLION ON JULY 16, LED BY BLACKROCK’S IBIT WITH USD 33.44 MILLION. SPOT ETHEREUM ETFS POSTED TOTAL NET OUTFLOWS OF USD 28.04 MILLION, ALTHOUGH BITWISE’S ETHW RECORDED THE LARGEST SINGLE-DAY INFLOW AT USD 2.28 MILLION. BLACKROCK IS THE WORLD’S LARGEST ASSET MANAGER, WHILE BITWISE IS A LEADING CRYPTO-FOCUSED ASSET MANAGEMENT FIRM. — LINK
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ACCORDING TO SOSOVALUE DATA, U.S. SPOT BITCOIN ETFS RECORDED TOTAL NET INFLOWS OF USD 79.15 MILLION ON JULY 16, LED BY BLACKROCK’S IBIT WITH USD 33.44 MILLION. SPOT ETHEREUM ETFS POSTED TOTAL NET OUTFLOWS OF USD 28.04 MILLION, ALTHOUGH BITWISE’S ETHW RECORDED THE LARGEST SINGLE-DAY INFLOW AT USD 2.28 MILLION. BLACKROCK IS THE WORLD’S LARGEST ASSET MANAGER, WHILE BITWISE IS A LEADING CRYPTO-FOCUSED ASSET MANAGEMENT FIRM. — LINK
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> HIGHLIGHT CLIP TOM LEE: S&P 500 COULD TOP 8,000 BY YEAR-END
TOM LEE: S&P 500 COULD TOP 8,000 BY YEAR-END
BITMINE CHAIRMAN TOM LEE SAID IN A JULY 14 CNBC INTERVIEW THAT THE S&P 500 COULD RISE ABOVE 8,000 BY YEAR-END, AS THE AI STORY REMAINS INTACT. HE DESCRIBED A POSSIBLE THREE-PHASE MARKET: THE S&P 500 COULD FIRST REACH 7,700, THEN SEE A NORMAL 10% TO 15% PULLBACK, BEFORE RALLYING ABOVE 8,000 BY YEAR-END.
ON GOLD AND SILVER'S RECENT WEAKNESS, LEE SAID LONG-TERM HOLDERS MAY BE TAKING PROFITS AFTER STRONG GAINS, AS BOTH ASSETS HAD OUTPERFORMED THEIR STORE-OF-VALUE ROLE AND BECAME RISK-ON ASSETS. — LINK
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TOM LEE: S&P 500 COULD TOP 8,000 BY YEAR-END
BITMINE CHAIRMAN TOM LEE SAID IN A JULY 14 CNBC INTERVIEW THAT THE S&P 500 COULD RISE ABOVE 8,000 BY YEAR-END, AS THE AI STORY REMAINS INTACT. HE DESCRIBED A POSSIBLE THREE-PHASE MARKET: THE S&P 500 COULD FIRST REACH 7,700, THEN SEE A NORMAL 10% TO 15% PULLBACK, BEFORE RALLYING ABOVE 8,000 BY YEAR-END.
ON GOLD AND SILVER'S RECENT WEAKNESS, LEE SAID LONG-TERM HOLDERS MAY BE TAKING PROFITS AFTER STRONG GAINS, AS BOTH ASSETS HAD OUTPERFORMED THEIR STORE-OF-VALUE ROLE AND BECAME RISK-ON ASSETS. — LINK
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