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BigBreakingWire
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Drake bets $1.5 million $USDT on Argentina to beat Spain in the FIFA World Cup final. He will win $5,175,000 if Argentina wins.
The effective US tariff rate has fallen from a peak of 11% to around 6-7%, based on monthly Census data calculating duties collected as a share of total US goods imports, according to Apollo Chief Economist.
Binance will launch the SPCXUSD1 perpetual futures contract on July 20 at 09:00 UTC, offering up to 25x leverage.
The contract is tied to SpaceX shares and will be settled in USD1, the stablecoin associated with World Liberty Financial.
USD1 is backed by U.S. Treasuries and has a market capitalization of around $4.2 billion.
SpaceX shares have fallen sharply since their June launch, dropping below the $150 opening price to a record low in early July.
The contract is tied to SpaceX shares and will be settled in USD1, the stablecoin associated with World Liberty Financial.
USD1 is backed by U.S. Treasuries and has a market capitalization of around $4.2 billion.
SpaceX shares have fallen sharply since their June launch, dropping below the $150 opening price to a record low in early July.
Senator Elizabeth Warren urged President Donald Trump to disclose his crypto-related income for Jan. 1–July 15, 2026, with a July 23 deadline.
The request comes ahead of the Senate's vote on the CLARITY Act, a key bill aimed at establishing a regulatory framework for digital assets.
Trump's 2025 financial disclosure reported over $1.4 billion in crypto-related income, mainly from the Official Trump (TRUMP) memecoin and World Liberty Financial.
Warren said the disclosure would help address concerns over potential conflicts of interest as lawmakers consider major crypto legislation.
The request comes ahead of the Senate's vote on the CLARITY Act, a key bill aimed at establishing a regulatory framework for digital assets.
Trump's 2025 financial disclosure reported over $1.4 billion in crypto-related income, mainly from the Official Trump (TRUMP) memecoin and World Liberty Financial.
Warren said the disclosure would help address concerns over potential conflicts of interest as lawmakers consider major crypto legislation.
$XRP XRP is trading near $1.08, holding above the $1.03–$1.05 support zone but below the 50-day SMA at $1.135.
The technical setup remains bearish, with XRP trading below all three major moving averages and forming a series of lower highs.
Open interest and Binance's estimated leverage ratio have declined, indicating traders are reducing leveraged exposure and adopting a more cautious stance.
The technical setup remains bearish, with XRP trading below all three major moving averages and forming a series of lower highs.
Open interest and Binance's estimated leverage ratio have declined, indicating traders are reducing leveraged exposure and adopting a more cautious stance.
🔴 Hedge funds increased Brent crude long positions by 75,996 contracts to 357,154, marking the largest weekly increase since 2016 in the week ended July 14.
Shipping through the Strait of Hormuz nearly stalled, with only 3 commodity vessels crossing on Thursday and no large crude or LNG tankers transiting for the second consecutive day.
The U.S. launched a seventh straight night of strikes on Iran, while Tehran warned it would "crush" regional targets if attacks on its infrastructure continue.
Rising geopolitical tensions and disruption fears have fueled bullish positioning in the oil market.
Shipping through the Strait of Hormuz nearly stalled, with only 3 commodity vessels crossing on Thursday and no large crude or LNG tankers transiting for the second consecutive day.
The U.S. launched a seventh straight night of strikes on Iran, while Tehran warned it would "crush" regional targets if attacks on its infrastructure continue.
Rising geopolitical tensions and disruption fears have fueled bullish positioning in the oil market.
U.S. spot Bitcoin ETFs recorded $79.15 million in net inflows on July 17, reflecting continued investor demand.
U.S. spot Ethereum ETFs saw $28.04 million in net outflows, highlighting a one-day divergence in fund flows between the two largest cryptocurrencies.
The figures represent daily fund flows and do not reflect changes in total assets under management (AUM).
U.S. spot Ethereum ETFs saw $28.04 million in net outflows, highlighting a one-day divergence in fund flows between the two largest cryptocurrencies.
The figures represent daily fund flows and do not reflect changes in total assets under management (AUM).
An Ondo-linked wallet transferred 26.05 million ONDO tokens worth $9.79 million to Coinbase.
Over the past six weeks, around 116 million ONDO tokens worth about $30.2 million have been moved from an Ondo-linked wallet to Coinbase.
While large exchange transfers often raise concerns about potential selling, the transactions do not necessarily indicate an imminent sale and may be for custody or market-making purposes.
Over the past six weeks, around 116 million ONDO tokens worth about $30.2 million have been moved from an Ondo-linked wallet to Coinbase.
While large exchange transfers often raise concerns about potential selling, the transactions do not necessarily indicate an imminent sale and may be for custody or market-making purposes.
ONDO-7.98%
COINUS-2.09%
🚨 Ethereum spot ETFs recorded $36.7 million in net inflows, indicating demand exceeded redemptions during the session.
BlackRock's iShares Ethereum Trust (ETHA) led the inflows, continuing to drive overall Ethereum ETF flows due to its large asset base.
The inflows reflect continued investor interest in Ethereum, though a single day's data does not confirm a longer-term trend.
BlackRock's iShares Ethereum Trust (ETHA) led the inflows, continuing to drive overall Ethereum ETF flows due to its large asset base.
The inflows reflect continued investor interest in Ethereum, though a single day's data does not confirm a longer-term trend.
BREAKING: Trump administration told Israel it plans to send dozens of extra U.S. aerial refueling planes as Trump considers expanding military operations against Iran. Trump has not made a final decision, but officials say an escalation could happen in the coming days. He is weighing strikes on Iranian infrastructure, more attacks on nuclear facilities, and the underground Pickaxe Mountain site.
Source: Axios
Source: Axios
Trump Media reportedly considering $100,000 monthly fees for faster access to Truth Social posts, per FT.
$DJT.US
$DJT.US
DJTUS+0.36%
US stock futures traded lower as the Philadelphia Semiconductor Index neared a 20% decline from its June peak, approaching bear market territory.
The PHLX Semiconductor Index closed around 11,841, down nearly 19% from its June 22 record high.
Selling pressure was amplified by leveraged ETF rebalancing and continued hedge fund selling, creating a feedback loop that accelerated losses.
Nvidia led the decline in pre-market trading, weighing on Nasdaq 100 futures, according to Bloomberg.
The PHLX Semiconductor Index closed around 11,841, down nearly 19% from its June 22 record high.
Selling pressure was amplified by leveraged ETF rebalancing and continued hedge fund selling, creating a feedback loop that accelerated losses.
Nvidia led the decline in pre-market trading, weighing on Nasdaq 100 futures, according to Bloomberg.
South Korean Retail Investors Reverse ETF Bets Amid Market Rout
KOSPI fell 6.37%, while SK Hynix plunged 11.53% on July 16.
Retail investors bought KODEX SK Hynix 2x ETF (₩265B), KODEX Leverage ETF (₩197.4B) and TIGER SK Hynix 2x ETF (₩124.1B).
They sold KODEX 200 Futures Inverse 2x ETF (₩136.3B), SOL SK Hynix Futures Inverse 2x ETF (₩96.4B) and KODEX Inverse ETF (₩46.9B).
Flows completely reversed from July 15, highlighting aggressive dip-buying despite the high risks of leveraged single-stock ETFs.
KOSPI fell 6.37%, while SK Hynix plunged 11.53% on July 16.
Retail investors bought KODEX SK Hynix 2x ETF (₩265B), KODEX Leverage ETF (₩197.4B) and TIGER SK Hynix 2x ETF (₩124.1B).
They sold KODEX 200 Futures Inverse 2x ETF (₩136.3B), SOL SK Hynix Futures Inverse 2x ETF (₩96.4B) and KODEX Inverse ETF (₩46.9B).
Flows completely reversed from July 15, highlighting aggressive dip-buying despite the high risks of leveraged single-stock ETFs.
🚨 BREAKING: South Korean retail investors are aggressively buying leveraged semiconductor ETFs despite the recent selloff in Samsung Electronics and SK Hynix shares.
From June 16 to July 15:
Retail investors bought ₩4.24 trillion of 2x SK Hynix ETFs and ₩1.61 trillion of 2x Samsung Electronics ETFs.
Foreign investors also turned buyers, adding ₩859.5 billion in SK Hynix leveraged ETFs and ₩724.2 billion in Samsung leveraged ETFs.
Institutional investors moved the other way, selling ₩5.17 trillion of SK Hynix-related ETFs and ₩2.27 trillion of Samsung-related ETFs.
Total net inflows into 16 single-stock ETFs reached ₩7.34 trillion, led by leveraged SK Hynix and Samsung products, signaling strong dip-buying sentiment among retail investors.
From June 16 to July 15:
Retail investors bought ₩4.24 trillion of 2x SK Hynix ETFs and ₩1.61 trillion of 2x Samsung Electronics ETFs.
Foreign investors also turned buyers, adding ₩859.5 billion in SK Hynix leveraged ETFs and ₩724.2 billion in Samsung leveraged ETFs.
Institutional investors moved the other way, selling ₩5.17 trillion of SK Hynix-related ETFs and ₩2.27 trillion of Samsung-related ETFs.
Total net inflows into 16 single-stock ETFs reached ₩7.34 trillion, led by leveraged SK Hynix and Samsung products, signaling strong dip-buying sentiment among retail investors.
CNN reports President Trump bought $200,000–$500,000 worth of Nvidia (NVDA) shares just days before praising the company’s US AI supercomputer project on Truth Social on April 15, 2025, calling it a "very big and exciting announcement."
In the post to his 9+ million followers, Trump said all necessary permits for Nvidia and similar companies would be expedited and quickly delivered.
CNN says Trump promoted more than 20 companies on Truth Social shortly after buying their shares, and in some cases announced potential government actions that could benefit those investments.
The White House denied Trump used his office for personal gain, saying his investments are managed by external financial managers and that Trump and his family do not control individual trades.
In the post to his 9+ million followers, Trump said all necessary permits for Nvidia and similar companies would be expedited and quickly delivered.
CNN says Trump promoted more than 20 companies on Truth Social shortly after buying their shares, and in some cases announced potential government actions that could benefit those investments.
The White House denied Trump used his office for personal gain, saying his investments are managed by external financial managers and that Trump and his family do not control individual trades.
🚨 Yemen's Houthis are preparing to close the Bab el-Mandeb Strait, a key shipping route, mirroring Iran's strategy at the Strait of Hormuz.
This could force ships to reroute around Africa and disrupt global trade.
The group is waiting for the right moment to act as part of a broader Iranian strategy to pressure the US and its allies.
Source: The Telegraph
This could force ships to reroute around Africa and disrupt global trade.
The group is waiting for the right moment to act as part of a broader Iranian strategy to pressure the US and its allies.
Source: The Telegraph
🔴 Traffic through the Strait of Hormuz has been disrupted again, raising the risk of another major supply shock in global oil markets.
The IMF said a similar disruption between March and May removed around 4 million barrels per day (bpd) of oil supply, with the shortfall largely offset by drawing down global inventories.
The IEA responded with its largest-ever strategic release, supplying about 400 million barrels from emergency reserves, while major oil-consuming countries also cut refinery runs and relied on domestic stockpiles.
The IMF warned that much of this inventory buffer has now been used, leaving global oil markets more vulnerable if another supply disruption occurs.
The IMF said a similar disruption between March and May removed around 4 million barrels per day (bpd) of oil supply, with the shortfall largely offset by drawing down global inventories.
The IEA responded with its largest-ever strategic release, supplying about 400 million barrels from emergency reserves, while major oil-consuming countries also cut refinery runs and relied on domestic stockpiles.
The IMF warned that much of this inventory buffer has now been used, leaving global oil markets more vulnerable if another supply disruption occurs.
Japan Passes Landmark Crypto Law, Reclassifies Bitcoin as Financial Product
• Japan's parliament passed amendments to the Financial Instruments and Exchange Act, reclassifying cryptocurrencies like Bitcoin as financial products alongside stocks and bonds.
• The law introduces insider trading bans, mandatory issuer disclosures, and increases the maximum prison term for unregistered crypto operators from 3 years to 10 years.
• Lawmakers also approved a plan to cut crypto tax rates from as high as 55% to a flat 20% by 2028.
• The legislation also paves the way for domestic spot crypto ETFs as early as 2027, shifting digital assets from a payments framework to securities-grade regulation.
$BTC
• Japan's parliament passed amendments to the Financial Instruments and Exchange Act, reclassifying cryptocurrencies like Bitcoin as financial products alongside stocks and bonds.
• The law introduces insider trading bans, mandatory issuer disclosures, and increases the maximum prison term for unregistered crypto operators from 3 years to 10 years.
• Lawmakers also approved a plan to cut crypto tax rates from as high as 55% to a flat 20% by 2028.
• The legislation also paves the way for domestic spot crypto ETFs as early as 2027, shifting digital assets from a payments framework to securities-grade regulation.
$BTC
🇯🇵 Japan Inflation Expectations Rise; 40-Year Bond Yield Hits 3.815%
• 90.4% of Japanese households expect prices to be higher in one year vs 83.7% previously; average inflation expectation at 13.1%, median 10.0%.
• 86.1% expect prices to be higher in five years vs 82.6% previously; average inflation expectation at 10.8%, median 5.0%.
• Bank of Japan's June quarterly survey indicates households continue to expect elevated inflation over both the short and long term.
• Japan's 40-year government bond yield rose 6 bps to 3.815% after the survey.
• 90.4% of Japanese households expect prices to be higher in one year vs 83.7% previously; average inflation expectation at 13.1%, median 10.0%.
• 86.1% expect prices to be higher in five years vs 82.6% previously; average inflation expectation at 10.8%, median 5.0%.
• Bank of Japan's June quarterly survey indicates households continue to expect elevated inflation over both the short and long term.
• Japan's 40-year government bond yield rose 6 bps to 3.815% after the survey.
The U.S. International Trade Commission (ITC) has launched a Section 337 investigation into certain DRAM (dynamic random-access memory) devices and related downstream products and components.
The investigation, Case No. 337-TA-1511, was officially instituted on July 15. Named respondents include Samsung Electronics, Google, and NVIDIA.
The ITC will set a target completion date within 45 days of starting the investigation.
Any ITC remedial orders will take effect upon issuance and become final after 60 days, unless blocked by the U.S. Trade Representative on policy grounds.
The investigation, Case No. 337-TA-1511, was officially instituted on July 15. Named respondents include Samsung Electronics, Google, and NVIDIA.
The ITC will set a target completion date within 45 days of starting the investigation.
Any ITC remedial orders will take effect upon issuance and become final after 60 days, unless blocked by the U.S. Trade Representative on policy grounds.
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