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Market Outlook for the week of 7th- 11th July

A light week lies ahead, as is typically the case following the NFP release. On Monday, there are no significant economic events scheduled for the FX market. On Tuesday, the highlight will be the RBA monetary policy announcement in Australia while on Wednesday, attention will turn to the RBNZ monetary policy announcement, followed…

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Elon Musk launches US political party to fight ‘one-party system’

Billionaire investor offers no significant details but suggests key congressional races will be initial targets

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Secret Service seizes $400M in crypto, cold wallet among world’s largest

Secret Service quietly amasses one of the world’s largest crypto cold wallets with $400 million seized, exposing scams through blockchain sleuthing and VPN missteps.

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$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham

Arkham says the massive Bitcoin whale transfer might be due to a wallet upgrade, but others in the industry have their own theories.

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Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital

Galaxy Digital warns Robinhood’s plan to tokenize stocks on its new chain could divert liquidity from NYSE and other major exchanges.

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OKX CEO apologizes after ‘false positives’ lock users out of accounts

The CEO of OKX says that "false positives" are among the biggest challenges the crypto exchange faces in ensuring global compliance.

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Hamas gives ‘positive’ response to Trump proposal for Gaza ceasefire

US president says there could be ‘deal next week’ after militant group expresses willingness to enter new round of talks

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Mark Cuban Predicts AI Will Create The First Trillionaire And ‘It Could Just Be One Dude In The Basement’

Mark Cuban predicts AI will create the world's first trillionaire, citing its potential for innovation and efficiency. read more

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Germany June construction PMI 44.8 vs 44.4 prior

Germany's construction sector remains in contraction territory, but at least the rate of decline slowed towards the end of Q2. That is helped by a stronger upturn in both civil engineering and commercial activity. However, even that hasn't been enough to offset the drag from residential activity - which remains a big factor in weighing…

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China issues final ruling on EU brandy probe, to impose duties up to 34.9%

China is playing hardball here as they are not going to endorse the reported tentative deal with French cognac makers from last week. For some background: China reportedly seeks to tie French cognac deal with EV tariff talks The duties will be implemented for a period of five years starting from 5 July. However, there…

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