Backcom.io Global

🇺🇸 TRUMP THREATENS HIGHER TARIFFS ON CANADA OVER “WILDFIRE SMOKE POLLUTING U.S. AIR” 👍 President Donald Trump has strongly criticized Canada for what he described as poor forest management, which has allowed wildfires to spread and send heavy smoke pollution into the United States. 👇 He stated:

🟡 Canada has been “deliberately careless,” with the same problem happening every year and costing the U.S. billions of dollars. 🟡 He will call the Canadian Prime Minister today to address the issue. 🟡 “That cost will have to be added to the tariffs Canada is already paying!”

This is the latest move under Trump’s “America First” policy, using tariffs as a tool to pressure other countries over environmental and border-related issues. @BackcomGlobal

🔥🔥🔥 TRUMP CONSIDERS A “MASSIVE STRIKE” ON IRAN — U.S. TO SEND REFUELING AIRCRAFT FOR ISRAEL 🏙 According to Axios, the Trump administration has informed Israel that the United States will send dozens of aerial refueling aircraft to the region, preparing for the possibility of a large-scale attack on Iran. 📌 Key details: 🟣 Trump is considering tougher military options, including bombing Iran’s power plants and nuclear facilities. 🟣 He could order an intensification of attacks within the next few days. 📈 Market reaction: 🛢 Brent crude oil surged to $88 per barrel immediately after the news, amid fears of supply disruptions from the Middle East. 💵 U.S.–Iran tensions continue to escalate, directly affecting global energy prices and related currency pairs, including USD and CAD. @BackcomGlobal

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🔥🔥🔥 CLARITY ACT FACES RISK OF A PROLONGED DELAY 📄 The latest draft of the CLARITY Act — the Digital Asset Market Clarity Act — is expected to be released today, but it has still not secured support from Democratic senators. 🔴 The main sticking point is the ethics provision, which would restrict senior government officials — including the President — from trading crypto or personally benefiting from digital assets. Democrats view this as a mandatory condition for supporting the bill, while the White House and Republican lawmakers have yet to reach an agreement. 👇 Current situation:

🟡 The bill needs at least 60 votes in the Senate to overcome a filibuster. 🟡 If lawmakers fail to reach a compromise before Congress begins its August recess, the legislative process could be pushed back until after the midterm elections — meaning the crypto community may have to wait much longer for regulatory clarity.

@BackcomGlobal

🔥🔥🔥 ASIA DEEPENS CRYPTO INTEGRATION INTO TRADITIONAL FINANCE 🇯🇵 Japan: Plans to classify cryptocurrencies as financial assets, paving the way for spot crypto ETFs and a flat 20% tax rate on crypto gains. 🇰🇷 South Korea: Plans to tokenize government bonds starting in 2027, while accelerating the adoption of stablecoins and blockchain technology across its financial system. ➡️ Asia is shifting from merely “regulating” crypto to actively “integrating” it into traditional finance. This is a positive signal for institutional capital inflows and long-term market growth! @BackcomGlobal

📉 QUICK MARKET UPDATE — JULY 17, 2026 💰 Crypto: 🟡 BTC pulled back to the $63,000–$64,000 range following its recent rally. 🟡 ETH declined to around $1,800. 📉 U.S. Stocks: 🔴 U.S. markets closed in the red. Semiconductor stocks faced heavy selling pressure amid concerns that AI-related stocks have become overheated and that the current pace of massive AI spending may not be sustainable. ⚡️ Federal Reserve: 🟣 Despite recent encouraging inflation data, Dallas Fed President Lorie Logan warned that the Fed should consider raising interest rates slightly at an earlier stage, rather than waiting for inflationary pressure to intensify and then being forced to act more aggressively. 🦿 Geopolitics: 🔴 The U.S. continued airstrikes on Iran for a sixth consecutive night, while neither side has shown signs of entering serious negotiations. 🔴 In his speech this morning, Trump was expected to briefly mention Iran, but the main focus remained on election issues and domestic security. 📈 Escalating U.S.–Iran tensions and growing concerns over excessive AI hype are putting pressure on financial markets. Investors should closely monitor volatility and maintain disciplined risk management. @BackcomGlobal

🔥🔥🔥 TRUMP ACCUSES CHINA OF INTERFERING IN U.S. ELECTIONS 👍 President Donald Trump was expected to address election security during his primetime speech last night, accusing China of interfering in U.S. elections, including attempts to gain access to voter data. 📄 According to recently declassified U.S. intelligence documents: 🟣 Since 2020, U.S. intelligence agencies had known that China was analyzing voter registration data from multiple states to study public sentiment surrounding the presidential election. 🟣 There are also allegations that intelligence agencies, including the CIA, limited the sharing of this information with Trump during his first term. ⚠️ Important context:

🔴 Previous assessments concluded that China had considered interference but did not carry out an operation aimed at changing the outcome of the 2020 election. 🔴 The exact scale — including the number of states and voter records involved — has not been publicly disclosed in detail. 🔴 The allegations come alongside the U.K.’s accusation that China hacked approximately 40 million voter records.

📈 Rising U.S.–China tensions could lead to tougher policies on tariffs, technology, and trade. Investors should closely monitor potential volatility in BTC, technology stocks, and safe-haven assets. @BackcomGlobal

🇺🇸 U.S. PUSHES TO REVIVE THE KIRKUK–BANIYAS OIL PIPELINE

🟢The United States is urging Iraq and Syria to rebuild the oil pipeline connecting Kirkuk to the Mediterranean port of Baniyas, aiming to reduce dependence on the Strait of Hormuz. 🟢The project would allow Iraqi oil to be exported directly to the Mediterranean, reducing the risk of disruptions caused by a potential Iranian blockade of the current shipping route. 🟢U.S. companies such as Chevron and KBR could potentially participate in the project, which is expected to take approximately two to three years to complete.

✅ This represents a strategic move by the United States amid the ongoing tensions in the Middle East. @BackcomGlobal

🇺🇸 TRUMP TO MEET SENATORS AT THE WHITE HOUSE TO “CLEAR THE FINAL HURDLE” FOR THE CLARITY ACT 🏙 President Donald Trump is expected to meet with a group of senators at the White House to discuss progress on the CLARITY Act — the Digital Asset Market Clarity Act. ✅ The main goal of the meeting is to resolve the bill’s final sticking point: an ethics provision related to Trump’s business ties to the crypto industry. Addressing this issue is considered essential to securing support from several Democratic senators. 👇 Current situation: 🟣The CLARITY Act has already passed the House of Representatives and is now in its final stages in the Senate. 🟣The Senate is moving quickly in an effort to pass the bill before the August recess. 🟣If approved, it would become the first comprehensive U.S. regulatory framework for digital assets, clearly defining which assets fall under the jurisdiction of the SEC and which are overseen by the CFTC, while creating a clearer legal environment for crypto exchanges, custody services, and stablecoins. ☺️ Trump is reportedly pushing hard to help the bill cross the finish line. @BackcomGlobal

🔥 TRUMP IMPOSES A 25% TARIFF ON BRAZILIAN GOODS 👍 President Trump has ordered a 25% tariff on most goods imported from Brazil, effective July 22. 📌 Reason: The Lula administration has allegedly failed to negotiate in good faith, while its economic policies are seen as harmful to both countries. 🇧🇷 Brazil has announced that it will use its reciprocity law to retaliate. ⚡️ This marks a new escalation in Trump’s tariff strategy. Brazilian exports such as coffee, beef, and soybeans could face price impacts. @BackcomGlobal

🇺🇸 PRESIDENT TRUMP: THE U.S. SHOULD HAVE THE LOWEST INTEREST RATES IN THE WORLD 🇺🇸 President Donald Trump has once again reaffirmed his strong stance on monetary policy:

🟣He said he still respects Federal Reserve Chair Kevin Warsh, whom he appointed and who took office in May 2026, but wants the Fed to cut interest rates more aggressively and more quickly. 🟣His reasoning: Many other countries are currently able to borrow at interest rates of only around 1%–1.5%, while the United States is still maintaining rates at approximately 3%–4%. The federal funds rate is currently in a target range of 3.5%–3.75%. 🟣Trump argued that, thanks to the large inflows of capital into the U.S. resulting from his tariff policies, America deserves to have the lowest interest rates in the world in order to reduce borrowing costs, support economic growth, and ease the financial burden on individuals and businesses.

📈 In addition, he claimed that the U.S. trade deficit has fallen sharply, by approximately 68% over the past year, due to tariff policies designed to protect domestic production. @BackcomGlobal

⚡️ Williams (New York Fed): Inflation May Have Already Peaked 🏙 He forecasts inflation to fall to around 3.25% by the end of this year, before continuing to decline toward 2% by 2028. 👇 Reasons for easing concerns:

🟣 The shock from tariffs has diminished 🟣 Oil prices may have already peaked 🟣 AI-related spending could gradually cool 🟣 Inflation expectations remain stable

➡️ The probability of the Fed raising interest rates later this month has fallen to only around 10%. @BackcomGlobal

⚡️⚡️⚡️ U.S. Producer Inflation (PPI) – June 2026 🟣 PPI Y/Y: 5.5% (Forecast: 6.2% | Previous: 6.5%) 🟣 PPI M/M: -0.3% (Forecast: 0.0% | Previous: 1.1%) 🟣 Core PPI Y/Y: 4.7% (Forecast: 5.2% | Previous: 4.9%) 🟣 Core PPI M/M: 0.2% (Forecast: 0.3% | Previous: 0.4%) 👉 Following the CPI report, June PPI inflation also came in below expectations and lower than the previous month. As a result, the probability of the Fed raising interest rates at its late-July meeting continues to decline. @BackcomGlobal

🇰🇷 South Korea Adds Crypto to National Asset Category Under New Law 🏛 The South Korean government is developing the National Asset Basic Act to modernize the management of state assets. 📰 According to the proposal from the Ministry of Economy and Finance, the new law will officially add digital assets (virtual assets) and intellectual property (IP) to the category of national assets, on par with land and real estate.

🟣 This law will replace the old legal framework that has existed since 1950. 🟣 The main goal is to shift from passive management to value creation for state assets, while also creating a clearer legal framework for virtual assets.

✅ If passed, this will be a major step forward in recognizing crypto as an official type of asset within South Korea’s legal system. @BackcomGlobal

🔥🔥🔥 Trump Threatens to “Flatten” Iran’s Power Plants and Bridges Next Week 🟥 In an exclusive interview with Fox News, President Donald Trump issued an extremely tough military threat against Iran. ✊

He stated that the US military will continue launching heavy attacks today, tomorrow, and the day after to ramp up pressure. If Iran still refuses to negotiate, the US will shift to targeting energy infrastructure, and next week will destroy “all of Iran’s power plants and bridges.”

🔴 Trump affirmed: The attacks will only stop when he sees “enough.” @BackcomGlobal

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🔷 TOM LEE’S BITMINE JUST BOUGHT ANOTHER 6,000 ETH! 📉 On-chain data from Lookonchain shows that Bitmine, chaired by Tom Lee, purchased another 6,000 ETH worth approximately $11.18 million from FalconX just a few hours ago. 🖤 Bitmine has been accumulating aggressively in recent months: 🟣 Its holdings have now surpassed 5.7 million ETH, equivalent to nearly 4.8% of the total circulating supply. 🟣 It is now one of the world’s largest publicly listed corporate holders of ETH, with a clear long-term strategy of making Ethereum its primary treasury asset. ✅ Tom Lee continues to maintain an extremely bullish outlook on ETH, especially as the Ethereum ecosystem receives positive momentum from Layer-2 networks, including the recently launched Robinhood Chain. @BackcomGlobal

💎 TETHER FREEZES MORE THAN $130 MILLION IN IRAN-LINKED DIGITAL ASSETS 🇺🇸 The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has taken another major step in its financial crackdown on Iran. 👇 According to official information: 🔴 Tether froze four wallet addresses on the TRON network holding approximately $131 million in USDT. 🔴 The wallets are believed to be linked to the Central Bank of Iran (Bank Markazi) and the Islamic Revolutionary Guard Corps (IRGC) — both of which are under U.S. sanctions. 🔴 The funds were reportedly connected to payment service provider DTC Pay and crypto exchange Bitso. ➡️ U.S. Treasury Secretary Scott Bessent confirmed that the move is aimed at cutting off Iran’s illicit financial flows, adding that Washington will continue tracking and blocking illegal revenue channels linked to the Iranian regime. ✅ This is part of what is described as one of the toughest sanctions campaigns ever imposed on Iran’s digital asset infrastructure, following previous large-scale freezes involving hundreds of millions of dollars. @BackcomGlobal

🔥🔥🔥 TRUMP CALLS EMERGENCY MEETING: PREPARING FOR A “LARGE-SCALE ATTACK” ON IRAN 🔴 According to Axios, President Trump has called an urgent meeting at the White House to discuss a major military campaign targeting Iran. 📌 Key details:

🟣 The planned attack is expected to be far broader and more powerful than the current airstrikes around the Strait of Hormuz. 🟣 Attendees include Vice President JD Vance, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, adviser Steve Witkoff, and other senior national security officials. 🟣 The main agenda: Developing detailed plans for airstrikes against strategic targets inside Iranian territory.

👍 Trump issued a tough warning: “Iran had better make a deal, or they won’t have anything left.” @BackcomGlobal

💰 BTC SURGES BACK TO $65,000 AFTER NEARLY ONE MONTH! 📊 Last night (July 14), U.S. June CPI data came in significantly better than expected: 🔴 Monthly CPI fell 0.4% (forecast: -0.1%) 🔴 Annual CPI rose 3.5% (forecast: 3.8%, and lower than the previous month) ➡️ The probability of a Fed rate hike at the end-of-month meeting dropped sharply from around 41% to just 15%. Markets immediately breathed a sigh of relief, with capital flowing strongly back into risk assets. 📈 Immediate market reaction: 🟣 Bitcoin jumped from the $62,300–$62,800 range to touch $65,000, gaining more than 3.5% during the session. 💰 The total crypto market added approximately $80 billion in market capitalization. ⚡️ 24-hour derivatives liquidations reached around $360–$370 million, with 81% coming from Short positions → a clear Short Squeeze! @BackcomGlobal