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FOMC Minutes Summary 🚨
• All officials supported keeping rates unchanged.
• Most expect rate cuts later this year if inflation continues to ease.
• A couple of policymakers said they could support a cut as soon as July.
• Some members see no rate cuts in 2026 due to persistent inflation risks.
• Tariffs are still expected to push prices higher, but the timing and magnitude remain uncertain.
• The Fed expects slower economic growth ahead.
• Inflation and labor market risks have eased but remain elevated.
• The Fed will continue to make decisions meeting by meeting, based on incoming data.
JUST IN 🚨: Iran has reportedly suspended talks on a final settlement with the US, according to TASS.
At the same time, Iranian state media says Tehran will strike "enemy targets" at a ratio of at least 2-to-1 following the latest U.S. strikes.
Trump has also warned that more U.S. strikes on Iran could come tonight.
Expect volatility in the market.
AscendEX's shutdown is raising major concerns! 🚨
The exchange says withdrawals may or may not be processed, while publicly known hot wallets appear to lack sufficient liquid assets to cover millions of dollars in verified user claims.
On-chain investigator ZachXBT says affected users should report the matter to law enforcement and financial regulators in their respective countries.
🇮🇳 India is once again pushing for a crypto ban! 🚨
According to a Reuters report citing internal government documents, the RBI has urged policymakers to:
• Bar banks and regulated financial institutions from holding or trading crypto assets.
• Keep private stablecoins out of India's financial system.
• Prevent cryptocurrencies from becoming a mainstream payment method, citing risks to financial stability and monetary sovereignty.
The documents also show India's Income Tax Department warned that offshore crypto trading makes tax evasion harder to detect and enforce.
India is home to 39 million crypto holders with an estimated $2.1B in digital assets.
Reuters also reports that fewer than 25% of 645,000 crypto traders disclosed their holdings in FY2023 tax filings.
This is not a new ban. Crypto trading remains legal in India, and the government has yet to decide on its long-term regulatory framework despite the RBI's recommendation.
Source: Reuters
TRUMP SAYS THE US-IRAN CEASEFIRE IS "OVER" 🚨
"To me, I think it's over. I don't want to deal with them anymore."
"They're scum... They're sick people."
Markets dumped following the remarks.
$BTC dumped below $62k 🔻
Trust is becoming Polymarket's biggest risk.
Over $418M has been traded across markets that later faced serious resolution disputes.
The biggest disputes:
• Zelenskyy lawsuit: $242M
• Strategy Bitcoin sale: $79M
Others include Ronaldo crying, UFO files, US–Venezuela, Ukraine minerals, Fort Knox, and Barron Trump's DJT token.
As legal challenges emerge, the spotlight is shifting from prediction accuracy to who decides the final outcome.
Over $100 BILLION has exited South Korean stocks in 2026 🚨
Foreign investors have pulled more than $100B from Korean equities this year as funds lock in profits and reduce exposure to the AI-driven rally.
The KOSPI has now fallen nearly 20% from its June peak.
The selling has come despite continued strength in AI leaders like Samsung and SK Hynix.
The outflows are driven more by portfolio rebalancing and crowded AI positioning than a deterioration in fundamentals.
US-Iran Tensions are BACK! ⚠️
The U.S. has launched a new wave of strikes on Iran after Tehran targeted three commercial vessels in the Strait of Hormuz.
The strikes came just hours after Washington revoked Iran's oil sanctions waiver, cutting off new oil sales.
Targets reportedly included Iranian air defences, anti-ship missile sites, coastal surveillance systems, and drone launch positions.
Oil immediately spiked more than 5% as markets priced in the risk of further escalation around the world's most important oil chokepoint.
ARGENTINA'S 3RD GOAL JUST CREATED A $1.1 MILLION WIN. 🤯
The top bettor on Polymarket just banked $1.1M after Argentina beat Egypt.
Prediction markets are wild. 🔥
JUST IN 🚨: Iran has reportedly struck a third commercial vessel in the Strait of Hormuz, according to U.S. officials cited by Axios.
The latest incident follows attacks on two commercial ships earlier today and comes just after a one-week U.S.-Iran agreement to halt attacks in the Strait expired, raising fears of renewed escalation along one of the world's most critical shipping routes.
China's central bank just recorded its biggest gold purchase since Oct. 2023. 🚨
The PBOC added 480,000 troy ounces (approx. 15 tonnes) in June, lifting total gold holdings to 75.44 million ounces (2,346 tonnes) and extending its buying streak to 20 consecutive months.
The move came despite gold posting its worst monthly decline since 2008, reinforcing that Beijing is still steadily diversifying its reserves.
Japan's bond market may be one of the biggest macro risks investors are overlooking.
• Japan's 10-year government bond yield just hit its highest level since 1996.
• 20-year yields are also sitting at multi-decade highs.
• The recent selloff has been driven by inflation fears, fiscal spending concerns, and a weaker yen.
The problem is supply and demand.
Japan plans to mobilize over ¥370 trillion ($2.3T) in public and private investment through 2040, fueling expectations of higher government borrowing.
The Bank of Japan is reducing its bond purchases after years of being the market's largest buyer. Private investors now have to absorb much more issuance.
Meanwhile...
• The yen remains near multi-decade lows.
• Higher inflation is increasing pressure on the BOJ to keep raising rates.
• Higher rates mean even higher borrowing costs for a country with debt exceeding 200% of GDP.
Why does this matter globally?
Japan has been the world's cheapest source of funding for decades.
If Japanese yields continue climbing, investors may unwind yen-funded carry trades and repatriate capital from overseas markets.
That could pressure:
• US Treasuries
• Global equities
• Crypto
• Emerging markets
Japan's bond market isn't just a domestic story anymore.
It's becoming a global liquidity story.
One market to watch very closely over the coming months.
$BTC Analysis Update 🚨
Bitcoin is holding above the $62,600 support after rejecting the $64,000 resistance zone.
Key levels to watch:
🟢 Support: $62,600
🔴 Resistance: $64,000
A sustained hold above $62.6K could lead to another attempt at reclaiming $64K.
A clean breakout above that level would likely open the door for further upside.
Losing $62.6K on strong volume could send $BTC back toward the $61.2K area, which is the next significant support.
Until one of these levels breaks convincingly, expect volatility but avoid assuming a trend continuation.
Someone just turned $4.4M into $21.2M by exploiting BONK's own governance. 🤯
Here's how it happened 👇
• Quietly accumulated 882.3B $BONK over two days, spending around $4.4M.
• That was enough to cross the 879.9B voting quorum.
• Submitted a proposal to send 4.426T $BONK ($21.2M) from the treasury to a wallet he controlled.
• Voted "YES" with all his tokens.
• The proposal passed.
• $21.2M was automatically transferred to his wallet.
That's a $16.8M profit from gaming the governance system.
Around 40B $BONK has already been sent to exchanges, while most of the funds remain in the attacker's wallet.
KOSPI BLOODBATH 🚨
South Korea's KOSPI plunged nearly 6.7%, forcing the Korea Exchange to briefly halt program selling as panic swept through the market.
Samsung: -9%
SK Hynix: -9%
Together, the two memory giants erased roughly ₩280 trillion ($200B+) in market value today.
Iran has attacked another commercial vessel 🚨
A tanker sailing southbound east of Limah, Oman, was struck on its port side, sparking a fire, according to UKMTO.
Axios, citing a U.S. official, reports that Iran fired at least two missiles at ships transiting the Strait of Hormuz.
Trump rang the NYSE and Nasdaq opening bells from the Oval Office to mark the launch of Trump Accounts, new tax-advantaged investment accounts for U.S. children.