🚫 Is Elon Musk set to challenge the banking system? The world's richest person has launched a trial of his new platform, X Money (currently available only in the US and exclusively for Premium users). In essence, it is an all-in-one app for storing money, investing, and making payments. He also promises insurance against theft or hacking (up to $10 million), high interest rates on deposits, cashback (higher than that of other banks), and physical metal cards. Musk has already secured the necessary operating licenses and plans to expand into the global market. #X #ElonMusk
• In January 2025, Michael Saylor appeared on the cover of Forbes as the symbol of the “king of Bitcoin.” • Strategy shares have fallen 80% since then. • Investors joke about the curse of the famous publication’s cover: after high-profile publications, companies always face a sharp dump.
$USDT is in second place by capitalization It seems that the whole market is waiting for $BTC at 40-50k. Judging by the chats and channels, many have started selling cars and houses, 100% are preparing to buy back the bottom.
🔥 News of the Day 🏳️🌈 Buterin announced a 40% cut to the $ETH Foundation budget. 🎈 Claude is experiencing service disruptions. 👊 Clarity Act hearings are scheduled for July 17. 👧 THORChain has resumed operations after a month-long hiatus. 😢 Machi Big Brother was liquidated 7 times in 10 hours. 😄 US markets lost over $1.2 trillion in market cap at the opening bell. 🍻 Trump: "19 million barrels of oil passed through the Strait of Hormuz yesterday."
At 3:30 PM we have a lot of data on the US economy. The main one is Initial Jobless Claims. As I wrote earlier in the week, these are the most important indicators, so we expect volatility!