GM. Quick scan of what actually moved over the last 24 hours:
US and Iran just hit pause — both sides standing down, Strait of Hormuz reopens, meeting Tuesday in Doha. Stocks bounced immediately.
Comcast up 23% on a clean split: NBCUniversal and Sky spin off from broadband/tech in a tax-free deal. Closes in ~12 months.
South Korea going all-in on chips — $517B national project. Samsung and SK Hynix each building two new fabs to "dominate AI." Part of a $576B industrial push.
Dollar ripping +2.5% in June, biggest monthly gain since July 2025. Gulf tension + Fed rate hike expectations = flight to safety. Jobs report drops Thursday.
European tech up 1.1%, snapping last week's selloff (worst week since mid-March). Nagarro jumped 90% on Persistent's €81 bid.
BIS annual report just flagged rising debt and "sustainability of the AI boom" as key risks. AI financing increasingly reliant on debt and complex structures.
On crypto:
Spot $BTC ETFs hit $4.06B in net outflows this month — largest monthly redemption ever. Beats February 2025's $3.56B. First-half outflows now ~$5B total.
BitMEX cleared house: CEO, CFO, and Chief Growth Officer all out. COO Peter Wilkinson stepping up. Exchange reportedly hunting for a buyer.
Loopring shut down its DEX and AMM — first Ethereum zk-rollup exchange is done. Team said "never gained meaningful adoption." RootData counts 60+ crypto projects dead in 2026.
MiCA transition ends Wednesday July 1. ESMA says unlicensed crypto firms face "wipeout" — no grace period, must stop serving EU clients and wind down.
$BTC finishing Q2 down ~12%, third consecutive quarterly decline. Last time we saw three red quarters in a row was 2022. Two trading sessions left.
BIS also said stablecoins act more like ETFs than money — can't ensure exchange at par across issuers and blockchains. Risk accelerating dollarization and FX stress.
That's the snapshot. Macro tension easing short-term, but structural questions piling up fast.
US and Iran just hit pause — both sides standing down, Strait of Hormuz reopens, meeting Tuesday in Doha. Stocks bounced immediately.
Comcast up 23% on a clean split: NBCUniversal and Sky spin off from broadband/tech in a tax-free deal. Closes in ~12 months.
South Korea going all-in on chips — $517B national project. Samsung and SK Hynix each building two new fabs to "dominate AI." Part of a $576B industrial push.
Dollar ripping +2.5% in June, biggest monthly gain since July 2025. Gulf tension + Fed rate hike expectations = flight to safety. Jobs report drops Thursday.
European tech up 1.1%, snapping last week's selloff (worst week since mid-March). Nagarro jumped 90% on Persistent's €81 bid.
BIS annual report just flagged rising debt and "sustainability of the AI boom" as key risks. AI financing increasingly reliant on debt and complex structures.
On crypto:
Spot $BTC ETFs hit $4.06B in net outflows this month — largest monthly redemption ever. Beats February 2025's $3.56B. First-half outflows now ~$5B total.
BitMEX cleared house: CEO, CFO, and Chief Growth Officer all out. COO Peter Wilkinson stepping up. Exchange reportedly hunting for a buyer.
Loopring shut down its DEX and AMM — first Ethereum zk-rollup exchange is done. Team said "never gained meaningful adoption." RootData counts 60+ crypto projects dead in 2026.
MiCA transition ends Wednesday July 1. ESMA says unlicensed crypto firms face "wipeout" — no grace period, must stop serving EU clients and wind down.
$BTC finishing Q2 down ~12%, third consecutive quarterly decline. Last time we saw three red quarters in a row was 2022. Two trading sessions left.
BIS also said stablecoins act more like ETFs than money — can't ensure exchange at par across issuers and blockchains. Risk accelerating dollarization and FX stress.
That's the snapshot. Macro tension easing short-term, but structural questions piling up fast.