Texas Factory: SpaceX officially filed plans for a massive $55 billion semiconductor device fabrication plant in Texas, named Terafab, with a total projected build-out reaching up to $119 billion.
Elon Musk’s recent major investment and corporate news in the USA centers on SpaceX, which completed the largest stock market debut in U.S. history. The space exploration and AI company raised $75 billion in its initial public offering (IPO), pushing its market valuation over $2 trillion and briefly propelling Musk to an estimated net worth of $1.1 trillion.
We did something nobody knew': Trump details secret US operations near Strait of Hormuz
Key Details of the OperationStealth Ship
Transits: For roughly 45 days, the US Navy quietly escorted merchant traffic along a southern route—the furthest point from Iranian weapons—running completely dark without navigation lights at night.Destruction of Iranian Radar: Trump disclosed that the US military systematically disabled Iran’s air defense radar capabilities to keep the transits hidden.
He claimed the US struck the infrastructure on three consecutive nights, forcing Tehran to repeatedly attempt to rebuild their systems.
Massive Oil Movement: The secret mission successfully facilitated the passage of over 200 commercial ships and moved more than 100 million barrels of oil into the open market.Market Stabilization: According to Trump, these clandestine flows are the primary reason global crude oil prices stabilized around $90 per barrel instead of surging past $200 amid the regional conflict.
"Wall of Steel" Blockade: Alongside escorting friendly tankers, Trump described the US naval presence as a tight blockade that successfully prevented unauthorized vessels from reaching Iranian ports.
Read In App"Everybody's Profiting": Trump Defends Earning More Than $1 Billion On Crypto
Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so.
US President Donald Trump on Wednesday defended earning around $1.2 billion from his family's cryptocurrency activities last year, saying "everybody's profiting" from his time in power.
"You know why I'm profiting, because the stock market's going up, everybody's profiting," Trump told reporters as he prepared to take his first flight on a new Air Force One plane gifted by Qatar.
Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so.
"I don't get involved in my personal (finances), we have funds that run my money," Trump said. "I've made a lot of money before I became president, and they invest my money, and I don't talk to them."
Trump also insisted that his wealth was due to his prior career, despite the fact that the earnings were related to crypto ventures launched during his first year back in the White House.
"I don't know if I've had a better career in politics or business, but I had a great career in business, and you know, you saw the cash, and you report the different things," he said.
"So we're all profiting. I'm profiting because I have a lot of money and a lot of cash."
According to financial disclosures released by the US Office of Government Ethics on Tuesday, Trump received nearly $550 million from his ties to the startup World Liberty Financial in 2025.
●Official Commodity Classification: The SEC and CFTC issued a joint interpretive guidance officially categorizing XRP as a "Digital Commodity" rather than a security. This follows the complete resolution of the five-year Ripple vs. SEC lawsuit, where both entities formally withdrew all remaining appeals.
●The CLARITY Act Progression: Congress is advancing the Digital Asset Market Clarity Act through the Senate Banking Committee. Bipartisan support for the bill aims to cement distinct federal boundaries between securities and commodities for digital assets.
Bitcoin (BTC) is pinning under pressure below $60,000 today, trading around $59,500 amid relentless ETF outflows, a multi-decade low for the Japanese yen, and capital shifting into high-growth AI semiconductor stocks.
1. Macro and Liquidity PressuresStronger US Dollar: The Japanese yen dropped to a 40-year low, pushing the US Dollar Index higher and squeezing crypto.ETF Bloodbath Continues: Spot Bitcoin ETFs experienced their largest outflows of the year, shedding over $1.7 billion.AI Technology Boom: Institutional capital is rotating away from speculative digital assets into traditional tech stocks.
2. Corporate and On-Chain RealitiesStrategy Overhang: MicroStrategy's new plan to potentially sell $1.25 billion in BTC has created a major market supply overhang.Holders Cost Basis: Long-term holder MVRV hit a 3-year low of 1.24, showing average holder entry points sitting near $48,400.Extreme Fear Sentiment: The Crypto Fear and Greed Index has plunged deeply into "Extreme Fear," currently registering a low score of 18.
3. Critical Technical Levels to WatchImmediate Resistance: BTC briefly crossed $60,100 early today before being rejected back down.Key Support Floor: Traders are tightly defending the $58,000–$58,100 zone to prevent a severe long-liquidation cascade.If you want to track this correction, tell me if you would like to:See a technical breakdown of the $58,000 support floorAnalyze the historical data of previous June corrections.
Europe's crypto reset: MiCA creates a single market as hundreds of firms face exit
The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients. From the start of July, the transitional window under the Markets in Crypto-Assets Regulation (MiCA) closes for good, and companies that have not secured authorisation must either stop serving European customers or wind down altogether.
Crude Prices Sink as Traders Bet on More Iranian Oil
August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply problems in the Middle East. The contract moved between a high of $78.14 and a low of $68.90 before finishing at $71.53. That was down $3.99, or 5.28 percent, from the week before.The selling went on for most of the week. Traders stopped focusing as much on the chance of oil supplies getting cut off in the Persian Gulf. Instead, they paid more attention to the idea that more Iranian oil could soon reach the world market. Even though weekly inventory numbers still looked tight, the latest news from the U.S.-Iran talks was seen as a big reason to expect easier supplies ahead.
Advancing Iran Agreement Removes More Geopolitical Risk Premium
The main reason for the price drop was more good news about the agreement between the United States and Iran. The deal aims to end the recent fighting and let normal oil shipping start again through the Strait of Hormuz. Reports during the week said the two sides were working out final details on how and when the important shipping route would reopen. They were also talking about letting Iran sell more of its oil again under a special waiver from U.S. sanctions. $CL $BZ $XAUT #TradebStocks SolanaRisesTo$72 BitcoinTests$58000#AAVERises8.9% #SOLRises9% #NvidiaReplacesAppleAtopRussell1000 USCrudeSettlesAt$69.23Down3.74%
Oil falls 1% as investors focus on Hormuz flows after peace talks
June 23 (Reuters) - Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks. Brent crude futures fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.
Gold lacks bullish conviction near $4,200 as Fed hike bets and Iran risks underpin USD
Gold snaps a three-day losing streak to over a one-week low, though it lacks bullish conviction. Easing concerns about inflation and higher interest rates offer some support to the commodity. The Iran uncertainty and a hawkish Fed underpin the USD, capping gains for the precious metal.
Gold (XAU/USD) maintains its bid tone near the $4,200 mark through the first half of the European session on Monday and, for now, seems to have snapped a three-day losing streak, to a more than one-week low set the previous day. Crude Oil prices turn lower after mediators – Qatar and Pakistan – announced a formal 60-day roadmap aimed at securing a final US-Iran peace deal. This helps ease concerns around inflation and higher interest rates, offering some support to the precious metal.$USDC
Crude comeback: 20 million barrels leave Iran port after peace breakthrough
After months of disruption, oil exports from Iran finally picked up after Tehran and Washington reached a peace deal. According to shipping data cited by Bloomberg a wave of 11 tankers carrying 20 million barrels of crude