Do you need to catch up on the news? Here’s our selection of today’s 10 most notable stories:
🔸 President Trump has repeatedly been calling Kevin Warsh, former Federal Reserve chair, to ask for advice on issues such as the war with Iran and the economic impact of AI, the WSJ reports.
🔹 In recent days, hackers used social-engineering calls to attack major Wall Street firms, including Point72, Two Sigma, and Citadel, Reuters reports.
🔸 Sam Blackshear, Chief Technology Officer (CTO) of Mysten Labs, is stepping down to join Anthropic and work on defensive security research; Evan will take responsibility for defining Mysten’s technical vision.
🔹 President Trump says oil prices are falling, but that “maybe we’ll have to raise them again.”
🔹 Russian President Vladimir Putin has enacted Russia’s first comprehensive law regulating cryptocurrency exchange platforms, digital deposits, and custody of digital assets, according to TASS.
🔹 Senator Tillis says the White House is already reviewing the bipartisan ethics proposal he and Senator Gallego sent last week, according to Brendan Pedersen of Punchbowl.
🔹 Nikita Bier, Head of Product at X, is stepping down from her current role but will remain at the company as an advisor.
🔹 Western Union has launched a wallet and a card for *stablecoins* (stable currencies) backed by Visa in 37 markets, enabling users to hold, send, and spend USDPT on the Solana blockchain.
🔹 Senate Majority Leader John Thune filed a motion to end debate and move to a vote on the college sports bill, indicating that no bipartisan agreement on the CLARITY Act yet exists.
🔹 LUMMIS: “I think we will manage to vote on the CLARITY Act before the August recess.”
Arthur Hayes bought another 10.9 million $ENA for a value of $985,000, bringing the total of his purchases to 22.64 million $ENA ($2 million) in the last five days.
President Trump has repeatedly been calling the Federal Reserve President, Kevin Warsh, to ask for advice on issues such as the war with Iran and the economic impact of artificial intelligence, according to the WSJ.
Ukrainian astronomers claim to have detected more than 20 giant UFOs near the Moon—some allegedly as large as Manhattan—suggesting that the Moon could serve as a «UFO base».
Russia has just taken an important step toward the adoption of cryptocurrencies.
Starting September 1, the regulated trading of cryptocurrencies will be legal through authorized platforms, following the signing of the new law by President Putin.
While others are developing regulatory frameworks, the United States risks losing its leadership if progress stalls.
The global race for leadership in the field of cryptocurrencies is accelerating.
The United States has lifted certain sanctions related to Iran, according to the website of the U.S. Department of the Treasury.
The U.S. Treasury Department removed the Iraqi airline Fly Baghdad and two aircraft linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) from its sanctions list.
Broader U.S. sanctions against Iran remain in effect.
THE FUEL THAT MOVES ALL PRICES HAS JUST TURNED NEGATIVE.
The G10 Excess Liquidity Leading Indicator has flipped to NEGATIVE territory for the first time since 2024.
What does HISTORY say? This data is SOLID in one key detail:
Historically, it leads the behavior of the semiconductor index, the $SOX, by about SIX MONTHS. Let’s get back to basics, because the concept is simpler than it sounds: 🔹 The indicator compares two speeds: how fast the amount of money grows in G10 economies, and how fast the real economy of those countries grows. 🔹 If money grows FASTER than the economy, there’s extra cash. And that extra cash doesn’t just sit there: it goes looking for returns in stocks, bonds, and crypto. That’s “excess liquidity.” 🔹 If money grows SLOWER than the economy, the opposite happens: it’s not enough for everything. And then asset prices stop having a buyer force pushing them.
Today we’re on the second side. For the first time in two years.
And why does it hit semiconductors specifically?
🔸 Because they’re the most liquidity-sensitive asset on the planet. They’re growth companies, with valuations that depend on future earnings and with massive capital investments. 🔸 When there’s extra cash, they’re the first to take off. When cash runs short, they’re the first to fall. 🔸 And it’s not theory—you’re already seeing it. Korea with the battered KOSPI, Taiwan with its third-worst historical drop, Nvidia, Micron, and SanDisk in the red. 🔸 The sector is falling apart BEFORE the indicator finishes showing the effect.
If the historical relationship holds, what this data signals is a weak six-month stretch ahead for chip stocks.
The U.S. Treasury announces a quarterly refinancing of $125.0 billion, raising $28.7 billion in cash.
Next week’s sales include $58.0 billion in 3-year notes, $42.0 billion in 10-year notes, and $25.0 billion in 30-year notes.
The size of coupon and floating-rate bond auctions will remain unchanged for at least several quarters, easing fears of a near-term supply crunch for bonds and Treasury yields.
Up to 912 million shares of SpaceX could be put up for sale tomorrow when the first lock-up period expires following the company's IPO, which will be an important test for investor demand.
Treasury Secretary Scott Bessent urges the Federal Reserve to help defend the Japanese yen after the U.S. Treasury’s intervention failed to stabilize the currency.
Bessent asks the Fed to expand its FIMA dollar lending program, which would allow the Bank of Japan to support the yen without selling U.S. Treasury bonds.
Analysts warn that this move could unsettle markets, increase concern over the yen, and test the Fed’s independence.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.