Track the evolution of major financial and economic events
Bitcoin ETFs experienced outflows totaling $8.95 billion over the past two months, with $296 million in net outflows recorded in the 24 hours leading up to July 3. On July 9, Bitcoin spot ETFs posted a fresh net outflow of $85 million, marking the end of a streak of outflows totaling $2.7 billion without a clear recovery in demand.
Ondo Finance tokenized Micron shares and BlackRock’s IVV ETF on the Ethereum blockchain using the SEC's custodial model, though these tokens remain unavailable to US investors. Meanwhile, the Intercontinental Exchange (ICE) announced the August launch of new futures contracts despite JPMorgan's warnings regarding rising competition and retail adoption risks. Additionally, BlackRock’s BUIDL fund saw significant growth, with total assets under management reaching $2.87 billion, highlighting strong institutional demand for tokenized Treasuries.
FirstEnergy Corp is focusing on regulated electric utility operations and grid modernization to ensure stable returns. On July 3, AES Indiana announced plans to replace approximately 70,000 legacy streetlights with LED units by 2026. On July 7, FirstEnergy Corp began a multi-year investment cycle aimed at enhancing grid reliability and modernizing infrastructure.
On July 2, TradingView expanded its market coverage by adding real-time data for Hyperliquid and Trade[XYZ]. On July 3, the Hyperliquid crypto asset is facing a critical technical decision point at the $75 level. Hyperliquid is noted as one of the few large-cap crypto assets maintaining a long-term bullish trend. On July 4, Hyperliquid recorded $116 million in net inflows within a single 24-hour period.
Blackstone's private equity fund for wealthy clients recorded its best monthly performance in May. The fund's strong performance was largely driven by its investment in AI startup Anthropic. The Destiny Tech100 Fund (DXYZ) provides liquid access for non-qualified investors to invest in major private tech firms like SpaceX and Anthropic. AI startup Anthropic has confidentially filed with the SEC to go public through an initial public offering.
On July 2, Leverage Shares launched the 2x Long SKHX and 1x Short SKHZ ETFs for SK Hynix. On July 6, hedge fund Situational Awareness joined UK investor Baillie Gifford in backing the US IPO of South Korean memory maker SK Hynix. On July 7, Corgi announced plans to list a 2x Long SK Hynix ETF on July 13, tracking double the daily performance of the chipmaker. The new ETF will have an expense ratio of 0.50%, among the lowest for single-stock leveraged ETFs.
Bitcoin's price climbed back above the $60,000 threshold on July 2 following a downturn in June. On July 3, Bitcoin is attempting a short-term recovery after weeks of sustained selling pressure. Buyers have defended a key support zone, but the broader trend remains fragile. A genuine recovery depends on breaking above major technical resistance levels, specifically the $72,000 mark.
Meta's stock price surged following reports of a new cloud computing business unit for external customers. The company is investing approximately $9 billion to build its first large-scale Canadian data center in Alberta with a 1 gigawatt capacity. Additionally, Meta plans to launch a new AI chip in September, aiming to double its computing capacity to further support AI technologies.
On July 2, Securitize, a crypto firm specializing in asset tokenization, went public and saw its stock rise by 3% on its debut. The company raised $400 million following its merger with a special-purpose acquisition vehicle. On July 4, Securitize tokenized $295 million in stock on the Solana blockchain at the time of its IPO. However, on July 7, BlackRock-backed Securitize saw its share price drop by 40% following its public market debut.
Bitcoin Core developer Jon Atack warned users to pause transactions during the second week of August 2026 due to potential network reorganization risks linked to the BIP-110 activation window. The warning was posted on X on June 29, 2026. In another development, a motion to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, valued at approximately $229 billion, was filed. Additionally, Bitcoin Standard Treasury Company and Cantor Equity Partners have postponed their planned SPAC merger to renegotiate the terms of the agreement.
The largest U.S. power grid, PJM, is facing record electricity demand due to a heat dome and the expansion of data centers. On July 2, the grid began rerouting power traffic and dispatching costly fossil fuel plants to prevent outages. On July 3, electricity prices tripled on the PJM Interconnection grid, which serves 67 million people across 13 states, as power demand surged to approximately 163 gigawatts, nearing the all-time record set in 2006. On July 6, New Jersey lawmakers passed a bill directing the Board of Public Utilities to establish a dedicated tariff for data centers with 50MW capacity or more.
ICE shares rose 2.9% following the announcement of plans to launch GPU compute futures contracts with NATIVX. This move aims to enter the high-tech market driven by demand for artificial intelligence computing. On July 6, ICE reported a 20% year-over-year increase in total open interest for June and the second quarter of 2026. On July 7, UBS lowered its price target for ICE shares from $205 to $190 but maintained a 'Buy' rating despite the reduction, which is attributed to weaker-than-expected trading volumes in Q2 2026.
PepsiCo is scheduled to report its financial results next week, with Wall Street expecting earnings growth. Analysis suggests the company may not possess the ideal combination of factors for a likely earnings beat. Financial markets are awaiting PepsiCo's earnings results amid uncertainty over a potential beat. The annual Sun Valley Conference, gathering tech and media leaders, is set to begin on the same day.
Hub Group faces a securities class action lawsuit following mixed Q2 2026 results, where earnings per share missed estimates despite revenue exceeding expectations. The lawsuit alleges that the company issued materially false and misleading financial statements between 2023 and 2026. Hub Group has admitted that its past financial reports were unreliable and has taken corrective actions against two senior executives.
General Mills' stock surged 8.5% after the company reported Q4 adjusted earnings of $0.95 per share, beating estimates of $0.82. Management highlighted exceptional growth in the cat food segment amid the 'humanization' of pets trend. The company also announced a restructuring plan aiming to cut costs by $3 billion by mid-2030.
Robinhood launched its public blockchain, Robinhood Chain, on July 1 to compete in the DeFi sector with tokenized stocks and decentralized lending products. The expansion included a 7% APY offer for the USDG stablecoin within its Earn program. Within its first week of launch, the new chain reached a significant milestone of $1 billion in decentralized exchange (DEX) volume.
On July 2, Tesla reported Q2 delivery numbers that exceeded analyst expectations. On July 7, Tesla announced significant growth in electric vehicle deliveries in its most recently completed quarter.
The USD/JPY pair experienced a steep decline and broke the 161.51 support level, confirming a short-term top at 162.83. The intraday bias for USD/JPY has shifted to the downside, targeting the 38.2% retracement level at 159.84. The pair found technical support at a previous resistance area around the 161.00 level.
The EU has initiated a review of the MiCA regime, informally called MiCA 2.0, with a consultation period ending in September. Lawyers and industry executives expect EU regulators to enforce MiCA differently, as unauthorized crypto companies must wind down operations. The UK's FCA's new crypto framework has been praised for its focus on global liquidity and institutional adoption. The authorization and compliance process for crypto firms is expected to be daunting and complex.
The Indian government plans to sell stakes in 8 state-owned companies, including major insurers and banks, to raise billions of dollars. This move aims to plug the fiscal gap caused by the oil shock following the closure of the Strait of Hormuz. The government also plans to sell up to a 5.04% stake in Cochin Shipyard through an Offer for Sale. Additionally, India has scrapped import duties on some parts used to make mobile phones and other electronic devices, which previously stood at 5% and 7.5%.
The total number of Bitcoin ATMs declined sharply in the first half of 2026, with the United States accounting for 96% of the global decrease. Key factors include the state of Tennessee implementing a ban on these machines and FBI data identifying Bitcoin ATMs as a final stop in an $11 billion cryptocurrency scam pipeline.
The EUR/USD pair is nearing its weekly high at 1.1435. Technical analysis indicates a fading of the bearish momentum that was previously affecting the pair. On July 6, the pair surpassed the 38.2% Fibonacci retracement level of the recent downward move but faces selling pressure. Bears remain active near the 1.1675 resistance and the 100-period simple moving average.
A Nasdaq-listed Korean media company confirmed the liquidation of its entire Bitcoin treasury to pivot toward AI infrastructure and maintain its listing status. Concurrently, the IPO market saw significant activity as Bleichroeder Acquisition Corp. III completed a $345 million offering and Mercator Acquisition Corp. priced its $150 million IPO. Additionally, pharmaceutical firm Apnimed has filed for a U.S. initial public offering to fund the development of its sleep apnea treatment.
Japan's SBI Group announced it will shut down its Bitcoin mining pool on July 31 after more than five years of operation. On the same day, Yield Guild Games announced it is cutting 35 jobs and shutting down its YGG Play platform, as the company plans to pivot toward AI data services and datasets due to weak crypto gaming demand.
