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BigBreakingWire
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Strategy sold 3,588 BTC for $216 million between June 29–July 5, leaving 843,775 BTC in holdings.
Sale proceeds were used to fund preferred stock payments; cash reserves stood at $2.55 billion.
Q2 included an $8.31 billion unrealized loss and an $8.32 billion digital asset loss.
Digital asset carrying value was $49.67 billion as of June 30.
No shares were sold under the ATM program, and no share repurchases were made.
$MSTR $BTC
Sale proceeds were used to fund preferred stock payments; cash reserves stood at $2.55 billion.
Q2 included an $8.31 billion unrealized loss and an $8.32 billion digital asset loss.
Digital asset carrying value was $49.67 billion as of June 30.
No shares were sold under the ATM program, and no share repurchases were made.
$MSTR $BTC
Morgan Stanley: Money is rotating out of semiconductor stocks and into hyperscalers such as Microsoft, Amazon and Meta Platforms, supported by their strong core businesses and AI data-center demand.
Strategists led by Michael Wilson said momentum is fading in some large-cap stocks, which could keep major U.S. equity indices under short-term pressure as sector rotation continues.
The team also warned that recent weakness may lead investors to lower expectations for future AI spending by hyperscalers.
Morgan Stanley maintained its year-end S&P 500 target of 8,000, implying about 7% upside from current levels.
Strategists led by Michael Wilson said momentum is fading in some large-cap stocks, which could keep major U.S. equity indices under short-term pressure as sector rotation continues.
The team also warned that recent weakness may lead investors to lower expectations for future AI spending by hyperscalers.
Morgan Stanley maintained its year-end S&P 500 target of 8,000, implying about 7% upside from current levels.
Japan's former FX chief: Yen should strengthen to around ¥130 per dollar, up to 20% appreciation possible
Former Japan FX official Tatsuo Yamazaki said the yen should appreciate by as much as 20% to around ¥130 per $1, adding that estimates of a 10% undervaluation may be too conservative.
Yamazaki said the key issue is changing market expectations rather than economic fundamentals.
He warned Japanese authorities have moved beyond verbal warnings and are prepared to intervene, raising the risk of forced covering of yen short positions.
Former Japan FX official Tatsuo Yamazaki said the yen should appreciate by as much as 20% to around ¥130 per $1, adding that estimates of a 10% undervaluation may be too conservative.
Yamazaki said the key issue is changing market expectations rather than economic fundamentals.
He warned Japanese authorities have moved beyond verbal warnings and are prepared to intervene, raising the risk of forced covering of yen short positions.
🚨 Crypto Becomes Key Sanctions Evasion Tool for Iran, Russia & North Korea: Report
Chainalysis: Crypto addresses linked to sanctioned entities received over $100B in 2025, nearly 8x the previous year's total.
Russia legalized crypto payments for foreign trade on July 1, while Iran and North Korea used crypto exchanges and hacking to support military funding.
The U.S. Treasury sanctioned four major Iranian crypto exchanges in June and said it seized around $1B in Iranian crypto assets.
WSJ: Iran, Russia, and North Korea increasingly relied on cryptocurrency as key financial infrastructure to bypass Western sanctions.
Chainalysis: Crypto addresses linked to sanctioned entities received over $100B in 2025, nearly 8x the previous year's total.
Russia legalized crypto payments for foreign trade on July 1, while Iran and North Korea used crypto exchanges and hacking to support military funding.
The U.S. Treasury sanctioned four major Iranian crypto exchanges in June and said it seized around $1B in Iranian crypto assets.
WSJ: Iran, Russia, and North Korea increasingly relied on cryptocurrency as key financial infrastructure to bypass Western sanctions.
🚨 BREAKING: Korean chip stocks are facing growing risks due to unusually high leverage in single-stock ETFs.
SK Hynix leveraged ETFs hold about $19 billion in assets, more than 4 times the stock's average daily trading volume. Samsung Electronics leveraged ETFs hold around $12.4 billion, also far above normal trading volumes.
This level of leverage is much higher than seen in stocks like Micron Technology, Tesla, and NVIDIA, making the Korean market more vulnerable to sharp price swings.
If SK Hynix shares fall, leveraged ETFs could be forced to sell, triggering more selling and increasing market volatility. Hong Kong-listed 2x leveraged SK Hynix ETFs add to this risk.
SK Hynix is expected to launch a U.S. listing next week at an implied $29 billion valuation, which could attract new investors, but analysts say the heavy leverage remains a key downside risk if market sentiment weakens.
SK Hynix leveraged ETFs hold about $19 billion in assets, more than 4 times the stock's average daily trading volume. Samsung Electronics leveraged ETFs hold around $12.4 billion, also far above normal trading volumes.
This level of leverage is much higher than seen in stocks like Micron Technology, Tesla, and NVIDIA, making the Korean market more vulnerable to sharp price swings.
If SK Hynix shares fall, leveraged ETFs could be forced to sell, triggering more selling and increasing market volatility. Hong Kong-listed 2x leveraged SK Hynix ETFs add to this risk.
SK Hynix is expected to launch a U.S. listing next week at an implied $29 billion valuation, which could attract new investors, but analysts say the heavy leverage remains a key downside risk if market sentiment weakens.
🚨 JAPAN'S 10-YEAR BOND YIELD HITS HIGHEST LEVEL SINCE 1996 AMID INFLATION, FISCAL RISK CONCERNS
Japan's 10-year JGB yield rose for a sixth straight session to 2.79%, near Friday's 2.81% intraday high, the highest since October 1996.
Rising energy-driven inflation, a weaker yen, and concerns over higher government spending continue to push bond yields higher.
Ken Miyajima said fears of fiscal expansion and cautious monetary policy are keeping long- and ultra-long bond yields elevated.
Investors are watching demand at this week's 30-year and 5-year Japanese government bond auctions.
Japan's 10-year JGB yield rose for a sixth straight session to 2.79%, near Friday's 2.81% intraday high, the highest since October 1996.
Rising energy-driven inflation, a weaker yen, and concerns over higher government spending continue to push bond yields higher.
Ken Miyajima said fears of fiscal expansion and cautious monetary policy are keeping long- and ultra-long bond yields elevated.
Investors are watching demand at this week's 30-year and 5-year Japanese government bond auctions.
🚨 Bank of Korea Warns on Risks From Single-Stock Leveraged ETFs
Bank of Korea says leveraged ETFs tied to Samsung Electronics and SK Hynix could increase market concentration and amplify price volatility.
The central bank noted the two companies account for more than 50% of Korea's equity market capitalization and trading turnover.
It warned these products could magnify inflows and outflows, increase retail investor losses during market declines, and intensify share price swings through ETF rebalancing and redemptions.
The Bank of Korea said it will step up monitoring of single-stock leveraged ETFs and their impact on the stock market and financial system.
Bank of Korea says leveraged ETFs tied to Samsung Electronics and SK Hynix could increase market concentration and amplify price volatility.
The central bank noted the two companies account for more than 50% of Korea's equity market capitalization and trading turnover.
It warned these products could magnify inflows and outflows, increase retail investor losses during market declines, and intensify share price swings through ETF rebalancing and redemptions.
The Bank of Korea said it will step up monitoring of single-stock leveraged ETFs and their impact on the stock market and financial system.
Tesla caps employee AI tool spending at $200/week starting July 6; excess needs manager approval. Spending on Musk-owned XAI's Grok is exempt. Grok has low uptake; most staff use ANTHROPIC's Claude. Several other US tech firms have similar AI spending controls.
$TSLA $SPCX
$TSLA $SPCX
$BTC - RBI Backs Tough Crypto Curbs, Ban Still Under Consideration
Top RBI officials have urged a parliamentary panel to keep banks and regulated financial institutions completely insulated from crypto assets and privately issued stablecoins, supporting a prohibition-leaning approach.
The Parliamentary Standing Committee on Finance is expected to submit its report on virtual digital assets soon after holding its seventh meeting on the issue.
#BitcoinFallsOver50%FromOctoberHigh
Top RBI officials have urged a parliamentary panel to keep banks and regulated financial institutions completely insulated from crypto assets and privately issued stablecoins, supporting a prohibition-leaning approach.
The Parliamentary Standing Committee on Finance is expected to submit its report on virtual digital assets soon after holding its seventh meeting on the issue.
#BitcoinFallsOver50%FromOctoberHigh
🇯🇵 Japan says it stands ready to act against excessive FX volatility; officials decline to comment on specific yen levels as markets watch for possible BOJ rate hike and intervention.
Citi: Brent crude could fall to $60 per barrel by the end of the year as risks around the Strait of Hormuz ease.
Analyst Francesco Martoccia said oil market fundamentals are returning to normal, with shipping activity recovering and the spot crude market weakening.
The bank also noted that global oil inventory draws have been much smaller than expected, reducing concerns over supply shortages.
Citi expects some near-term volatility as shipping routes normalize, insurance costs adjust and logistics improve, but says rising vessel traffic suggests commercial operators now see the disruption risk as manageable.
Analyst Francesco Martoccia said oil market fundamentals are returning to normal, with shipping activity recovering and the spot crude market weakening.
The bank also noted that global oil inventory draws have been much smaller than expected, reducing concerns over supply shortages.
Citi expects some near-term volatility as shipping routes normalize, insurance costs adjust and logistics improve, but says rising vessel traffic suggests commercial operators now see the disruption risk as manageable.
The Korea Printed Circuit Board and Semiconductor Packaging Association (KPCA) says Samsung and SK Hynix pushed substrate suppliers to cut prices. They asked vendors to reverse the 3%–4% average increase agreed in Q1. The chipmakers cited easing pressure on raw materials like gold and copper. They said H2 pricing should return to pre-hike levels.
KPCA says Samsung and SK Hynix are pressing substrate suppliers to lower quotes. They want to roll back the average 3–4% price rise agreed in Q1. Both firms cite eased volatility in raw materials like gold and copper. They say H2 supplier prices should revert to pre-increase levels.
🇰🇷 BREAKING: SK Hynix plunges nearly 15% after Meta's AI cloud plans spark overcapacity fears. Asian chip stocks tumble, erasing about $290B in market value from SK Hynix and Samsung ahead of SK Hynix's planned Nasdaq ADR listing.
🚨 Global equity fundraising hits $729.4B in H1 2026, led by record SpaceX IPO
Global equity issuance reached $729.4B in H1 2026, the second-highest first-half total on record.
SpaceX raised about $86B in the largest IPO ever, debuting on Nasdaq at a valuation above $2T.
Tech equity deals totalled a record ~$302B in H1 2026.
Global M&A value jumped 30% YoY to $2.6T, supported by a lighter regulatory environment.
$SPCX
Global equity issuance reached $729.4B in H1 2026, the second-highest first-half total on record.
SpaceX raised about $86B in the largest IPO ever, debuting on Nasdaq at a valuation above $2T.
Tech equity deals totalled a record ~$302B in H1 2026.
Global M&A value jumped 30% YoY to $2.6T, supported by a lighter regulatory environment.
$SPCX
🇰🇷 South Korea says current economic conditions differ from the 1997 Asian financial crisis, with USD liquidity remaining ample. Authorities are weighing measures to boost overnight FX market liquidity, while saying USD/KRW levels do not reflect economic fundamentals and confirming close coordination with Japan on foreign-exchange policy.
TD Securities says a joint US-Japan currency intervention to support the yen now looks increasingly likely.
The firm noted Japan's top currency official, MIMURA, repeatedly mentioned the US in a Wednesday interview, suggesting Tokyo is seeking Washington's backing for coordinated action.
According to TD Securities, a joint intervention would have a much bigger impact than Japan acting alone, with USD/JPY potentially falling by well over the typical 5-yen move seen in past interventions.
The firm also believes MIMURA's comments were a warning to currency traders against pushing USD/JPY beyond the 163 level.
The firm noted Japan's top currency official, MIMURA, repeatedly mentioned the US in a Wednesday interview, suggesting Tokyo is seeking Washington's backing for coordinated action.
According to TD Securities, a joint intervention would have a much bigger impact than Japan acting alone, with USD/JPY potentially falling by well over the typical 5-yen move seen in past interventions.
The firm also believes MIMURA's comments were a warning to currency traders against pushing USD/JPY beyond the 163 level.
🚨 FT: OpenAI is discussing selling a 5% stake to the Trump administration; the company is valued at around $852 billion.
OpenAI is reportedly seeking administration support to overcome political and regulatory hurdles.
CEO Sam Altman has argued public ownership is the best way to share AI gains and proposed the idea in early talks.
The proposal could extend to other U.S. AI firms, while OpenAI and Anthropic have delayed advanced model releases amid U.S. government review.
OpenAI is reportedly seeking administration support to overcome political and regulatory hurdles.
CEO Sam Altman has argued public ownership is the best way to share AI gains and proposed the idea in early talks.
The proposal could extend to other U.S. AI firms, while OpenAI and Anthropic have delayed advanced model releases amid U.S. government review.
🚨 OCBC Slashes Brent Oil Price Forecasts Through Q2 2027
OCBC Group Research cut its Brent crude forecasts through Q2 2027 after oil shipments and tanker traffic through the Strait of Hormuz rebounded following the US–Iran memorandum of understanding.
The bank said expectations of supply normalization have pushed oil prices back toward pre-conflict levels, reviving concerns of a potential global supply glut.
Revised Brent forecasts: Q3 2026 $75/bbl (from $85), Q4 2026 $75 (from $80), Q1 2027 $73 (from $75), Q2 2027 $71 (from $75).
OCBC Group Research cut its Brent crude forecasts through Q2 2027 after oil shipments and tanker traffic through the Strait of Hormuz rebounded following the US–Iran memorandum of understanding.
The bank said expectations of supply normalization have pushed oil prices back toward pre-conflict levels, reviving concerns of a potential global supply glut.
Revised Brent forecasts: Q3 2026 $75/bbl (from $85), Q4 2026 $75 (from $80), Q1 2027 $73 (from $75), Q2 2027 $71 (from $75).
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