🚨 JAPAN'S STOCK MARKET IS IN HUGE TROUBLE.
Retail margin trading in Japan reached a 36-year high.
Last time the leverage was this high, the Japanese stock market crashed 80% and didn't hit a new ATH for 34 years.
Crypto trading activity is declining:
Daily trading volume across the 44 spot crypto exchanges tracked by Kaiko fell to ~$15 billion last week, the lowest level of the year.
This marks a -70% decline from January peak levels.
By comparison, in February, there were 2 trading days when volume exceeded $100 billion.
As a result, the average daily volume trend has fallen -50% since December 2025, to $20 billion, the lowest this year.
Meanwhile, trading volume remains heavily concentrated, with the 6 largest exchanges accounting for more than 60% of total activity.
Crypto market liquidity is drying up.
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How safe if your Bitcoin seed phrase?
The difference between 40 bits and 256 bits is not a small upgrade.
It is the difference between minutes and longer than the age of the universe.
When I say “Never Sell Your Bitcoin,” I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.
JUST IN: 🇯🇵🇨🇳 Japan and China are rapidly cutting U.S. Treasury holdings.
Japan dumped $96 billion over the past three months to $1.14 trillion - lowest since April 2025.
China keeps trimming its portfolio in its long-term shift away from U.S. debt.
We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on https://t.co/uGbtzwJ4Pu. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line.
ALERT: 🇺🇸🇯🇵The US and Japan may be preparing a MAJOR shock for global markets.
A "joint operation" to strengthen the yen expected to be announced tomorrow.
If the US sells dollars to buy yen, the dollar weakens and USD/JPY falls. Normally, this supports Bitcoin, gold and tech stocks.
But there is a major catch:
A rapid yen rally could unwind one of the world’s largest carry trades.
Investors who borrowed cheap yen to buy stocks, crypto and other higher-yielding assets may be forced to sell.
At the same time, a stronger yen pressures Japanese exporters by reducing the value of overseas earnings.
A gradual yen recovery is bullish for risk assets.
A disorderly surge could trigger a global selloff.
The speed of this move is everything.
NEW: 🇺🇸 President Trump is reportedly reviewing the new bipartisan ethics proposal that could clear the final hurdle for the CLARITY Act crypto bill.
A decision could follow soon.
🚨 DeepSeek Code Is Coming
> DeepSeek is building a dedicated AI coding agent powered by its new Harness framework
> The project is designed for autonomous software engineering, including planning, tool use, and code execution
> Harness will provide long-running agent workflows with memory and repository awareness
> Recent V4-Flash benchmarks were already evaluated using DeepSeek Harness, signaling it’s a core part of DeepSeek’s roadmap
> The company is positioning it as a direct competitor to Claude Code and OpenAI Codex
> Closed beta testing is expected to begin soon
Can DeepSeek Code become the biggest open-source coding agent? 👀
🚨 NEXT WEEK IS GOING TO BE SUPER VOLATILE
Market reaction to yen intervention, SpaceX's massive unlock, and the Clarity Act deadline could shake the markets.
Here's the full week.
MONDAY: ISM Manufacturing PMI. Another possible yen intervention by the US and BOJ.
TUESDAY: JOLTS job openings. SpaceX also reports its first-ever earnings as a public company.
WEDNESDAY: ISM Services PMI and BOJ June meeting minutes, which will tell how hawkish the BOJ is right now.
THURSDAY: SpaceX's $100B+ unlock will happen. $SPCX has crashed 42% from its high with only a 4% float. Imagine what happens after the unlock.
FRIDAY: US unemployment rate, Berkshire earnings, and the last day for the Clarity Act to pass before the August recess.
If any of these goes against the markets, you know what will happen next.