Express News | Wass: Whether AI Leads to Inflation Depends on the Federal Reserve
U.S. June PPI cooled more than expected, signaling a temporary easing of inflationary pressures.
Driven by a sharp decline in energy prices, U.S. producer prices unexpectedly fell by 0.3% month-over-month in June, marking the first drop in nearly a year. Although the notable easing of wholesale inflationary pressures has provided the Federal Reserve with some breathing room, recurring tensions in the Middle East continue to introduce uncertainty into the inflation outlook.
Express News | US June PPI YoY +5.5% Vs +6.2% Forecast, Prior +6.5%
Express News | The U.S. Department of the Treasury recently sanctioned multiple cryptocurrency addresses linked to Cuba.
Waller's Congressional Debut Clashes with Surprising CPI Data! 'Zero-Tolerance' Testimony Undermined by Unexpected Figures, Immediately Easing Rate Hike Pressure
Wash stated that Federal Reserve policymakers have 'zero tolerance' for high inflation and reiterated their commitment to curbing price growth, which has remained elevated for five years.
Express News | US Jun. CPI YoY +3.5% Vs +3.8% Forecast, Prior +4.2%
Express News | Markets are nearly fully pricing in expectations of a Fed rate hike before September.
Express News | Trump called on the Senate to pass the Clarity Act as soon as possible in honor of the late Senator Lindsey Graham.
Cashed out over $1.4 billion in crypto! Has Trump already 'rebalanced his portfolio'? While fueling global market volatility, he is aggressively buying traditional stocks and bonds.
Trump's latest financial report shows that his traditional stock-and-bond portfolio has quadrupled. After cashing out $1.4 billion from high-risk ventures, his team swiftly channeled the profits into safe-haven markets. By positioning in traditional assets amid political turbulence, his business empire has completed a new round of wealth extraction.
Goldman Sachs Q2 Outlook on U.S. Semiconductor Stocks: Fundamentals Remain Strong, but Market Tolerance for Errors Has Declined
Goldman Sachs' Q2 outlook on U.S. semiconductor stocks and key highlights to watch in their second-quarter earnings reports. Goldman Sachs' core thesis: fundamentals still have room for upward revision, but the bar for trading has been raised. This aligns with yesterday’s July market outlook regarding earnings season logic: “The key point this earnings season is that expectations are already very high, leaving little margin for error. Exceptionally high expectations mean the market not only requires companies to beat estimates but also to significantly raise guidance.” (Related reading: July U.S. Equity Outlook: AI trades enter a 'gear-shifting phase,' transitioning from broad enthusiasm to an ROI reckoning.) In its Q2 preview commentary on U.S. semiconductor stocks, Goldman Sachs stated that the central variable of earnings season has shifted from 'this
Can the CLARITY Act still pass this year? What obstacles remain?
The CLARITY Act failed to pass by July 4, and the window for its enactment before the midterm elections is rapidly closing. If the bill does not pass before the midterms, and Democrats gain control of Congress afterward, they are likely to demand significant revisions to the legislation.
White House Proposes Strategic Bitcoin Reserve, Marking a Turning Point in U.S. Crypto Policy
If a reserve mechanism is established, it would effectively eliminate market concerns about price volatility caused by government sales of seized assets, clarifying Bitcoin’s role as a long-term store of value rather than a short-term asset available for liquidation.
Visa data: Stablecoin transaction volume reached a record high of $1.79 trillion in June, with USDC accounting for 70% of total volume in the first half of the year.
July 7 news report, according to Coindesk: Visa’s on-chain dashboard data shows that Circle’s USDC accounted for approximately 70% of adjusted stablecoin transaction volume in the first half of the year, further widening its lead over Tether’s USDT, which accounted for about 25%. In June alone, adjusted stablecoin transaction volume reached a record $1.79 trillion, up 63% from May and 125% higher than June 2025, bringing the total transaction volume for the first half of the year to $8.82 trillion. Editor
The most absurd disconnect in global markets: Oil prices have returned to pre-war levels, yet other assets are acting as if they don’t see it?
① As the oil supply shock from the Persian Gulf nears its end, international oil prices have already fallen sharply back to pre-war levels, yet some cross-asset segments of global markets remain surprisingly fixated on the Federal Reserve’s 'rate-hike narrative.' ② Robin J. Brooks, a senior fellow at the Brookings Institution, reiterated in a report released over the weekend that market pricing of the Fed’s future policy stance is significantly misaligned with reality.
Holds 4% of the world's Bitcoin! Markets closely watch MSTR's 'Bitcoin selling rationale' as its stock price has plunged 75% in a year.
Strategy's core valuation metric, mNAV, has fallen below 1, indicating that the market is valuing the company below the value of its Bitcoin holdings. This fundamentally undermines its business model of exchanging premium-priced shares for Bitcoin. The company has already broken its 'never sell Bitcoin' pledge and begun liquidating holdings to pay dividends. Markets are highly alert to the risk of a systemic sell-off crisis that could be triggered if its cash reserves run dry.
Express News | The Clarity Act failed to be signed into law by July 4, making the Senate’s August 7 recess a critical deadline.
OUSD’s Major Debut Triggers Sharp Decline in Circle, Reshaping the Stablecoin Landscape
OUSD has emerged as a strong contender, not only disrupting Circle's dominant position in the compliant stablecoin market but also prompting the market to reassess the deeper ambitions behind the integration of traditional finance and the crypto sector. Meanwhile, Circle’s current pressures have exposed underlying concerns about the growth trajectory of this established stablecoin giant.
Open USD’s Ambition and Doubts: Stablecoins Aren’t Built on Logo Walls
The real impact of Open USD is not the issuance of a new coin, but rather its challenge to the reserve yield allocation rights previously enjoyed by Circle and Tether.
Nonfarm payrolls 'fizzle out'; Citi: The case for rate hikes has 'vanished,' expects Fed to resume rate cuts in October
Citi notes that U.S. nonfarm payrolls added only 57,000 jobs in June, significantly below expectations, with the three-month average plummeting to 111,000. The decline in the unemployment rate is 'illusory,' primarily driven by a sharp drop in labor force participation. 'The case for further rate hikes has vanished'—as oil prices retreat, wage growth cools, and core PCE inflation may be revised downward by 20 to 30 basis points, multiple sources of inflationary pressure are dissipating simultaneously. The Federal Reserve will resume cutting rates in October and deliver one more cut by year-end, bringing the policy rate range down to 3.0%–3.25%.
The cryptocurrency industry has become the largest political donor in the United States, having contributed nearly $200 million to this year's midterm elections.
① During the U.S. midterm elections in November this year and the preceding state primaries, more than one-third of corporate political contributions came from the cryptocurrency industry, making it the largest source of political funding among U.S. businesses; ② Following a surge in political donations by the crypto industry in 2024, the United States has enacted its first federal regulatory bill governing stablecoins; ③ The Clarity Act has stalled in the Senate, as Democrats express concerns that it fails to restrict lawmakers from profiting through cryptocurrency-related activities.