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🇺🇸 39 U.S. Banking Associations Launch Nationwide “BankChain” ✅ 39 banking associations representing thousands of U.S. banks have formed the BankChain Alliance. 👉 Goal: Build a nationwide blockchain network owned, designed, and governed by the banking industry itself.

🖤 The network will support payments, tokenized deposits, stablecoins, and automated settlement. 🖤 It is not intended to operate as a closed system and is designed to be interoperable with other networks. 🖤 The project is expected to launch in 2027 and is currently seeking technology partners.

➡️ Traditional U.S. banks are proactively upgrading to blockchain so they do not get left behind. @Backcom_io

Japanese Yen Edges Higher as USD Buyers Turn Cautious Over Hormuz 🟢 The Japanese Yen strengthened slightly against the U.S. dollar. 🖤 USD buyers are showing caution as more optimistic signals emerge around easing tensions in the Strait of Hormuz. 🖤 Markets are now waiting for Tokyo CPI data and speeches from Jackson Hole. 💴 The Yen has not strengthened sharply, but the USD also lacks enough confidence to break higher as Hormuz risks begin to ease. @Backcom_io

🇺🇸 U.S. Government Just Moved 24.41 BTC From an Alameda-Linked Wallet 🔴 The U.S. transferred 24.41 BTC, worth around $1.9 million. 🖤 The Bitcoin came from a wallet holding seized assets linked to Alameda Research. 🖤 The funds were not sent directly to an exchange, but transferred to another wallet. ⚠️ The move is too small to shake the market, but it will still make traders watch closely to see whether the U.S. is preparing to “sell” or simply reorganizing its holdings. @Backcom_io

🤝 Iran and Oman Reach Revenue-Sharing Agreement for the Strait of Hormuz

🟣 Iran and Oman have reached an agreement on revenue sharing in the Strait of Hormuz. 🟣 The two sides also discussed territorial waters and a mechanism for managing the shipping route. 🟣 The agreement does not mean the Strait of Hormuz will immediately reopen fully. 🟣 Broader progress still depends on tensions between the U.S. and Iran.

This is a sign of easing tensions, but Hormuz cannot simply be “fully reopened” because of a revenue-sharing agreement alone. @Backcom_io

🔥 Brent Crude Breaks Above $90 as U.S.–Iran Tensions Remain Elevated 🛢 Brent crude briefly climbed above $90. 🇺🇸 The U.S. continues to focus on pressuring Iran through economic sanctions. 🇮🇷 Iran has shown willingness to negotiate, but remains unwilling to make concessions. As both sides continue to hold firm, oil prices remain supported by geopolitical risk. @Backcom_io

📈 Slightly Hotter PCE Leaves Markets Pausing 🟢 The pressure was not significant, but it was enough to keep several major assets moving sideways.

🖤 Bitcoin fell to around $77K before recovering. 🖤 Gold slipped slightly below $4,600. 🖤 U.S. stocks traded sideways before closing slightly in the red. ⚡️ Nvidia was in focus: shares fell 1.6% before the close, then jumped +4% after reporting better-than-expected results.

❗️ The data was not “hot” enough to reverse the market trend, but it was enough to make investors more cautious. @Backcom_io

🔥🔥🔥 U.S. July PCE Comes In “Hotter” Than Expected 🇺🇸

🖤 PCE Y/Y: 3.7% (Forecast = 3.6%, Previous = 3.7%) 🖤 PCE M/M: 0.2% (Forecast = 0.1%, Previous = -0.1%) 🖤 Core PCE Y/Y: 3.3% (Forecast = 3.3%, Previous = 3.3%) 🖤 Core PCE M/M: 0.2% (Forecast = 0.2%, Previous = 0.1%)

➡️ U.S. PCE inflation in July came in slightly hotter than expected. 🔴 Expectations for the Fed to keep interest rates unchanged in September edged up from 60% → 64%. 📈 Markets are still waiting for further signals from Jackson Hole and upcoming economic data. PCE was not “hot” enough to reverse expectations, but it was strong enough to keep the Fed from rushing into easing. @Backcom_io

🔥 Trump-Linked USD1 Officially Launches On Canton Network 🏙 The USD1 stablecoin (backed by President Trump) has been issued natively on the Canton Network. 🖤 Canton is a blockchain built specifically for major financial institutions on Wall Street. 🖤 Native issuance allows USD1 to support payments and tokenized asset (RWA) transactions for traditional financial institutions. ✊ The Trump-linked stablecoin is moving deeper into Wall Street’s traditional financial infrastructure. @Backcom_io

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🔥🔥🔥 Trump Slams Canada: “One of the Hardest Countries to Deal With” 🖤 Trump accused Canada of “taking advantage of” the U.S. for decades. 🖤 He said Canada imposes tariffs of up to 400% on U.S. farmers and various other products. 🖤 He also criticized Canada for refusing to certify Gulfstream aircraft for 10 years until he personally intervened. 🖤 The U.S. runs an average trade deficit of around $60 billion per year with Canada. 🖤 Trump described Canada as one of the most difficult and unreasonable countries to work with. 🔴 The U.S.–Canada trade war has yet to cool down, with trade tensions continuing to escalate. @Backcom_io

🔷 Bitmine “Switches Back On” Aggressive ETH Accumulation 🔴 Over the past week, Bitmine purchased an additional 32,447 ETH (~$81 million), ending a 5-week stretch of relatively modest accumulation.

🖤 It now holds 5.85 million ETH (worth around $14.6 billion), with an average purchase price of $3,355/ETH. 🖤 Bitmine is now only about 200K ETH away from its target of holding 5% of the total ETH supply. 🖤 Tom Lee said ETH’s 30% gain in one week resembles previous “major breakout” periods in May 2025 and July 2021, after which ETH went on to gain more than 160%.

Bitmine is accelerating its ETH accumulation, and Tom Lee believes the recent surge could mark the beginning of another major rally. @Backcom_io

🔥 Brent Oil Falls to $88 on Rumors of a U.S.–Iran Deal 🟣 Brent crude has dropped to around $88. 🟣 Markets are reacting to rumors that the U.S. and Iran have reached an agreement. 🟣 Oil flows through the Strait of Hormuz have increased again, reinforcing hopes that tensions may be easing. 🇺🇸-🇮🇷 Diplomatic hopes are pushing oil prices lower, but geopolitical risks have not completely disappeared. @Backcom_io

📈 Market Momentum Slows 🟡 Gold remains steady around $4,600. 🟡 U.S. stocks closed the session in the green. 🟡 Bitcoin slipped slightly to around $78K. 🖤 Altcoins remain weaker as BTC.D has climbed above 60%. 🪙 Capital is increasingly concentrating in Bitcoin, putting noticeable correction pressure on altcoins. @Backcom_io

🚨 Tens of Billions of Dollars Spent to “Rescue” the Yen — Still Barely Making a Dent 🔴 The U.S. and Japan have poured tens of billions of dollars into intervention efforts, but the Yen has yet to recover meaningfully. 🖤 The Yen Carry Trade remains highly active, putting both Tokyo and Washington in a difficult position. 🖤 Meanwhile, the crypto market is benefiting from the U.S. move to double its long-term Treasury bond buybacks. 🖤 How Japan and the U.S. handle the Yen could directly affect U.S. Treasury yields, global liquidity, and even Bitcoin. 📌 The effort to rescue the Yen has yet to succeed, but the underlying Carry Trade dynamics are still shaping the direction of global financial markets. @Backcom_io

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Bessent Ready to “Deploy” Nearly $1 Trillion to Buy Bonds 🏙 Treasury Secretary Scott Bessent said the U.S. could use part of the nearly $1 trillion held in the TGA (Treasury General Account). 👉 Purpose: To fund a long-term bond buyback program aimed at easing Treasury yields. ✔️ This is money already available from tax revenues, not newly printed money. 🇺🇸 The U.S. is using “cash already in the vault” to stabilize the bond market — a more aggressive move than expected. @Backcom_io

🤩 Iran Warns: “The Enemy Should Expect an Attack” 🏙 Iranian Economy Minister Madanizadeh issued a tough statement. 🖤 Said the enemy should be prepared for a retaliatory strike. 🖤 The warning came shortly after the U.S. announced a major sanctions package targeting networks supporting Iran. 🔴 Tehran’s warning is pushing U.S.–Iran tensions to a new level. @Backcom_io

🔥🔥🔥 U.S. Unleashes Its Strongest “Economic Strike” Yet Against Networks Helping Iran

🖤 The U.S. has announced a new sanctions package targeting more than 60 individuals and entities accused of helping Iran sell oil, move money, and evade sanctions. 🖤 The network stretches across China, Hong Kong, the UAE, Singapore, and the EU. 🖤 Treasury Secretary Bessent warned that any institution helping Iran launder money could be cut off from the U.S. dollar system. 🖤 Countries that continue maintaining close ties with Tehran also risk facing broader economic isolation.

🇮🇷 Iran has vowed to respond more forcefully than ever. The economic confrontation surrounding Iran is entering its most intense phase yet. @Backcom_io

🔥🔥🔥 BTC Breaks Above $80K After 102 Days! 🟣 Bitcoin has surpassed $80K for the first time in more than three months. 🖤 More than $600 million was liquidated within 24 hours. 🖤 Altcoins are following the rally, but their momentum remains relatively limited. 💰 The $80K milestone is back — the market is now testing how sustainable this rally really is. @Backcom_io

🔥🔥🔥 DXY Falls Below 99 as USD Faces Pressure From U.S. Fiscal Concerns 💵 The Dollar Index (DXY) has fallen to around 98.80, moving close to its lowest level in roughly three months. 👉 Key reasons:

🖤 The U.S. Treasury has increased the size of its long-term bond buybacks to $4 billion per operation, raising concerns over the fiscal outlook and the strength of the U.S. dollar. 🖤 Markets have lowered expectations that the Fed will continue raising interest rates, with the probability of a hike at the next meeting falling to around 41%. 🖤 Concerns over U.S. public debt and the budget deficit continue to weigh on the greenback.

📉 A weaker USD is supporting gold, Bitcoin, and several major currencies. @Backcom_io