Backcom.io Global

🇷🇺 Russia Passes Landmark Digital Currency Law 🏙 Russia’s parliament, the State Duma, has officially passed the Digital Currency and Digital Property Rights Law — Bill No. 1194918-8. 🖤 The law establishes Russia’s first comprehensive legal framework for: 🟣 Crypto exchanges 🟣 Brokers 🟣 Custodians 🟣 Digital asset management companies 🖤 Crypto is officially recognized as property and will receive legal protection, including in cases involving bankruptcy, divorce, and asset disputes. 🖤 The law allows crypto to be used in cross-border commercial payments, which could help Russian businesses reduce the impact of international sanctions. 🖤 However, the use of crypto as a domestic payment method remains strictly prohibited, with the Russian ruble remaining the country’s only legal currency. 🖤 The law is expected to take effect on September 1, 2026, after receiving President Vladimir Putin’s signature, which is widely viewed as a procedural formality. This marks a major step in Russia’s efforts to legalize and regulate the crypto industry, improving transparency while supporting international payments. Stay tuned for further updates after President Putin signs the bill! 📈 @BackcomGlobal

📈 QUICK MARKET UPDATE – JULY 22, 2026

🟣 Brent crude remains firmly above $91 as U.S.–Iran tensions continue. 🟣 The U.S. has carried out strikes on Iran for the 11th consecutive night, but Iran remains defiant and has shown little interest in reaching a deal. 🟣 Trump has threatened a major strike on Pickaxe Mountain, a key Iranian nuclear site. However, the market appears increasingly numb to such threats: whenever Trump publicly signals an attack, traders tend to believe it is less likely to happen. 🟣 U.S. stocks rallied strongly, led by semiconductor names: 👉 SK Hynix, Micron, and SanDisk all surged nearly 10%. 🟣 The market is entering Q2 earnings season, with tomorrow’s focus turning to the AI sector. Major companies are pouring billions of dollars into AI, but profits have yet to match the scale of their investments. 🟣 Bitcoin continues to rise, reaching a five-week high and moving toward $67K. 👉 Key drivers: Renewed ETF inflows + expectations that Trump will push the CLARITY Act forward.

Keep a close eye on AI earnings reports and developments in the Strait of Hormuz! @BackcomGlobal

🔥🔥🔥 Trump Preparing a New Round of 10% Global Tariffs? ⚡️ According to the Financial Times, President Trump’s 10% global tariff is set to expire after 150 days at the end of this week. He is reportedly preparing to introduce a new round of tariffs on dozens of countries, most likely keeping the rate at 10%. 🔴 Economic advisers have tried to persuade him to delay or adjust the plan to avoid another inflation shock and further damage to the U.S. economy, especially ahead of the midterm elections. However, the Trump administration is still looking for ways to push tariff rates even higher. 📈 This marks the latest development in Trump’s aggressive trade policy and could trigger significant volatility across global markets. @BackcomGlobal

🔥 OKX Appoints Former New York Governor Andrew Cuomo to Its Board of Directors 🤑 Crypto exchange OKX has officially appointed Andrew Cuomo, the former Governor of New York, to its Board of Directors. 🖤 Cuomo has reportedly advised OKX since 2023 on legal strategy and expansion plans involving financial institutions in the United States. His appointment is expected to strengthen OKX’s position and deepen its connections within the U.S. political and financial landscape. 👉 Why it matters:

🟣 Enhances OKX’s institutional credibility as the exchange expands further into the U.S. market. 🟣 Provides stronger support for asset-tokenization initiatives and partnerships with traditional financial exchanges, including ventures involving ICE, the parent company of the NYSE.

✅ This is a major strategic move by OKX as it seeks to compete more aggressively in the highly competitive U.S. market. @BackcomGlobal

🇺🇲🇨🇦 Trump Signs Executive Order Imposing an Additional 50% Tariff on Many Canadian Goods 🇺🇸 President Trump has signed an executive order imposing a 50% tariff on a wide range of Canadian products under Section 338 of the Tariff Act of 1930, citing what he described as Canada’s unfair treatment of U.S. goods, particularly automobiles, dairy products, and alcohol. 👇 Affected products include: 🟡 Automobiles, dairy products, alcohol, lumber, paper, clothing, electronics, and more. 🟡 Exemptions: Energy products, critical minerals, and fish. ⚡️ The tariffs are expected to take effect 30 days from now, around mid-August, unless the two countries reach an agreement. Canada argues that the move violates the USMCA and says it will intensify negotiations to seek a solution. 🔴 This is the latest development in escalating U.S.–Canada trade tensions and could significantly disrupt North American supply chains. @BackcomGlobal

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🔥🔥🔥 Trump Set to Decide the Fate of the Strait of Hormuz ✊ According to Axios, President Trump is expected to choose between two possible scenarios in the coming days:

1⃣ Diplomatic option: Accept a proposed 10-day ceasefire from mediators, reopen the Strait of Hormuz, and resume negotiations. 2⃣ Military option: Coordinate with Israel to launch a large-scale attack aimed at forcing Iran to make concessions.

👉 The situation is currently leaning toward Scenario 2, as the United States has carried out airstrikes for 10 consecutive nights but has still failed to reopen the Strait of Hormuz. The U.S. and Israel are moving additional forces into the region and preparing for a possible expansion of the conflict. ⚡️ Meanwhile, mediators including Qatar, Egypt, and Pakistan are urgently trying to prevent further escalation, amid fears that oil prices could surge sharply. ❗️ Tensions remain extremely high, and developments are moving rapidly. The entire world is closely watching Trump’s next decision. @BackcomGlobal

🔥🔥🔥 Trump Approves Ethics Provision, Clearing the Way for the CLARITY Act to Move Forward! 🇺🇸 After months of intense debate, President Donald Trump officially approved a proposed ethics provision for the Digital Asset Market Clarity Act (CLARITY) this morning, Vietnam time. This is being viewed as a major breakthrough that could help move the bill toward a vote in the Senate. 📌 Key points:

🟣 Ethics provision: The measure would restrict the President, Vice President, and senior federal officials from profiting from crypto while in office. This has been a mandatory demand from Democrats, particularly after Trump reportedly earned more than $1.4 billion from crypto last year. 🟣 Next steps: The amended text is expected to be released within the next few days. The Senate must complete its vote before the August summer recess. If approved, the bill will return to the House of Representatives for consideration of the revised version before being sent to President Trump to sign into law. 🟣 Market impact: The probability of the CLARITY Act passing in 2026 on Polymarket surged from 32% to 46% immediately after the news.

⚡️ The CLARITY Act is a key piece of legislation designed to clarify the regulatory framework for crypto in the United States, including a clearer division of authority between the SEC and CFTC, while creating a more transparent and industry-friendly environment. Reaching an agreement on the ethics provision is being seen as the necessary bipartisan compromise required to break the political deadlock. 💰 This is extremely positive news for the broader crypto market, raising hopes for clearer regulation and potentially attracting greater institutional capital into the United States! @BackcomGlobal

🔥🔥🔥 Bitmine Continues Accumulating ETH, Targeting 5% of the Total Supply! 🏙 According to the latest report from Bitmine Immersion Technologies ($BMNR), the company led by Chairman Tom Lee continues to aggressively execute its Ethereum accumulation strategy:

🟡 Purchased an additional 7,430 ETH, worth approximately $14 million, over the past week. 🟡 Total holdings increased to 5.8 million ETH, equivalent to around 4.8% of Ethereum’s total supply. 🟡 Average purchase price: $3,364 per ETH. 🟡 Share buyback: The company allocated capital to repurchase $86 million worth of common stock, demonstrating strong confidence in its intrinsic value. 🟡 MAVAN staking platform: The platform is expanding to serve institutions and ecosystem partners, with the majority of Bitmine’s ETH holdings — amounting to millions of tokens — already staked and generating stable revenue.

✅ Bitmine is now very close to achieving its “Alchemy of 5%” target — becoming the world’s largest Ethereum holder. Its combined strategy of accumulating ETH, staking through MAVAN, and repurchasing shares is strengthening the company’s position as the “Strategy of Ethereum.” @BackcomGlobal

🔥🔥🔥 Strategy (MSTR) Buys No Additional BTC, Sells Shares to Aggressively Build Cash Reserves! 📰 According to its latest SEC 8-K filing, Strategy continues pursuing its “barbell” strategy — Bitcoin + cash — under Michael Saylor’s leadership:

🟣 No BTC purchases for the fourth consecutive week: Holdings remain unchanged at 843,775 BTC, with an average acquisition cost of approximately $75,476 per BTC. 🟣 Sold $263.5 million worth of #MSTR shares: Through its ATM program, Strategy sold approximately 2.73 million Class A shares. 🟣 Significantly increased cash reserves: Added around $225 million, bringing total USD reserves to $3.225 billion. 🟣 Clear objective: Ensure the company can cover dividend and interest payments for up to 22 months, even if Bitcoin trades sideways or experiences a sharp decline. 🟣 No BTC sales: Strategy is prioritizing equity issuance rather than touching its Bitcoin treasury — which remains the largest corporate BTC holding in the world.

➡️ Strategy is building an extremely strong cash shield to protect its long-term Bitcoin HODL position. This is a cautious, long-term move rather than a short-term race to accumulate more BTC. @BackcomGlobal

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🇯🇵 JAPANESE LOGISTICS COMPANY PLANS TO PAY WORKERS IN STABLECOINS 😀 AZ-COM Maruwa Holdings, one of Japan’s major logistics companies, is planning to integrate JPYC, a stablecoin pegged 1:1 to the Japanese yen, into its internal payment system. ➡️ The main goal is to streamline compensation payments for thousands of delivery partners and freelance workers, replacing traditional bank transfers. ✔️ Key benefits:

🟣 Faster payments: Transactions can be completed almost instantly, significantly reducing waiting times compared with traditional banking. 🟣 Lower costs: Reduced transaction fees, especially when processing payments for a large number of partners. 🟣 Greater transparency and convenience: Payments are easier to track and better aligned with the logistics industry’s digital transformation. 🟣 Improved partner satisfaction: Workers and delivery partners can receive funds more quickly and manage their finances more flexibly.

This is a pioneering move by a large-scale Japanese logistics company, reflecting the growing adoption of stablecoins for corporate payroll and B2B payments in a country traditionally known for its cautious approach to crypto.JPYC, a tightly regulated Japanese yen stablecoin, is gradually expanding into more real-world use cases. @BackcomGlobal

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🇫🇷 FRANCE TIGHTENS RESTRICTIONS: ORDERS A COMPLETE BLOCK ON POLYMARKET ACCESS 🔴 France’s national gambling regulator, the ANJ, has ordered internet service providers to block access to the prediction market platform Polymarket. The decision was issued on July 16, 2026, aiming to prevent French users from continuing to access the platform despite previous trading restrictions. 🔴 Since November 2024, Polymarket had already geo-blocked users in France, allowing them only to view market information. However, the measure proved ineffective: in June 2026 alone, the platform still recorded more than 578,000 visits from France, generated by over 205,000 unique users. 📌 ANJ’s official reasons:

🟣 Polymarket’s homepage displays live betting odds, which is considered promotion of unlicensed gambling. 🟣 Concerns over its highly addictive nature and the lack of player protection tools, such as betting limits and self-exclusion features. 🟣 Some prediction markets may be vulnerable to manipulation.

Violations may result in fines of up to €100,000. The blocking order will remain in place until Polymarket fully complies with French law. @BackcomGlobal

🔴 U.S. ECONOMIC CALENDAR (UTC) WEEK 03 – JULY 2026 This week, the market will focus on the U.S. labor market, manufacturing and services activity, and the health of the housing market. Key events to watch: 🟣 12:30 UTC, Thursday: Initial Jobless Claims 🟣 13:45 UTC, Friday: S&P Global Manufacturing PMI – July 🟣 13:45 UTC, Friday: S&P Global Services PMI – July 🟣 13:45 UTC, Friday: S&P Global Composite PMI – July 🟣 14:00 UTC, Friday: New Home Sales – June 🖤 The market is currently paying close attention to the Fed’s interest rate outlook ahead of the upcoming July 29 meeting. This week’s labor market and business activity data could influence expectations over whether the Fed will keep rates unchanged or make an adjustment. View News Source Wishing everyone a successful trading week! 😎 @BackcomGlobal

🔥 Senator Elizabeth Warren Calls on Trump to Disclose His 2026 Crypto Income 🇺🇸 U.S. Senator Elizabeth Warren (Democrat) has sent a request to President Donald Trump, urging him to voluntarily release an updated report on his crypto-related income by July 23. 👇 Why:

🟡 Trump’s 2025 financial disclosure showed that his family earned more than $1.4 billion from crypto ventures, including World Liberty Financial and the TRUMP memecoin. 🟡 The request comes just before the Senate is expected to debate the CLARITY Act — a major bill aimed at establishing a clearer regulatory framework for the U.S. crypto industry, including shifting certain authority from the SEC to the CFTC, as well as rules for DeFi and stablecoins.

⚡️ Warren emphasized the need for strict ethics rules to prevent the President, Vice President, senior officials, lawmakers, and their families from profiting from crypto and creating potential conflicts of interest. ✅ The move once again highlights Warren’s tough stance on the crypto industry and her concerns over Trump’s influence on crypto policy. @BackcomGlobal

🔥🔥🔥 Robinhood Chain’s “King” Launchpad Abruptly Shuts Down After Generating Over $12 Million in Fees 🪶 Noxa — the launchpad that once dominated the memecoin ecosystem on Robinhood Chain — has officially shut down without warning after only a few days of explosive growth. 🖤 Major achievements before the shutdown:

🟣Generated more than $12 million in protocol fees 🟣Surpassed Pump.fun in revenue for five consecutive days 🟣Supported the launch of more than 60,000 tokens, including the popular memecoin $CASHCAT

👉 Official reason: The project said the ecosystem had become flooded with low-quality tokens, spam bots, and poor-quality launches. On July 11, it paused new token minting. The website then suffered repeated Cloudflare-related outages, before the platform ultimately redirected all fees to creators. ❗️However, the sudden shutdown has sparked widespread community backlash and suspicions of a “soft rug.” Following the news, several major memecoins on the chain plunged more than 30% from their peaks, with $CASHCAT suffering a sharp decline within 24 hours. @BackcomGlobal

🔥 FTX ANNOUNCES FIFTH DISTRIBUTION – APPROXIMATELY $900 MILLION FOR CREDITORS 🏙 FTX has officially announced that its Fifth Distribution will begin on July 31, 2026. 💰 Total amount: Approximately $900 million 🛩 Eligible recipients: Holders of allowed claims in both the Convenience Class and Non-Convenience Class who have completed all required pre-distribution procedures.

✅ This distribution is part of FTX’s ongoing process to return assets to victims and creditors following the exchange’s collapse. ✅ Those affected by the FTX bankruptcy should check their accounts and ensure all required procedures have been completed to receive the payment.

@BackcomGlobal

🇺🇸 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 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