1. Breaking News: The Israel Defense Forces conducted a large-scale airstrike on 20 Hezbollah positions, using 8 fighter jets for a rapid operation against 20 Hezbollah positions in the southern suburbs of Beirut. Civilians were warned to evacuate before the attack

2. Nationwide air raid alerts in Ukraine, prior to which the Russian Ministry of Defense vowed to retaliate against recent ATACMS attacks in Ukraine

3. According to Sentimentrader data, for every $1 invested in U.S. leveraged short ETFs, nearly $12 is invested in leveraged long ETFs, which is the second highest level in 14 years (Figure 1)

4. A certain country's central bank secretly purchased 60 tons of gold, adding upward pressure to the tense gold market. This year, massive purchases of gold by Western institutional investors and Eastern central banks have led to a significant increase in gold prices. Interest rate cuts and geopolitical tensions will sustain this bull market

5. Is the U.S. economy in recession? Despite the stock market nearing historical highs, economic indicators are raising alarms. The ratio of the Leading Economic Index #LEI to the Coincident Economic Index #CEI has dropped to the lowest level since the financial crisis and has declined for 31 consecutive months. Historically, this ratio has been a strong indicator of an impending recession (Figure 2)

6. In the second quarter of 2024, the index stock buyback volume rose by 35% to $236 billion, approaching historical highs. 52% of large stock buybacks were conducted by the top 20 companies in the index, and the buybacks are driving up stock prices, which will be beneficial for cryptocurrencies

7. Japan and China are the largest holders of U.S. Treasury bonds. Japan holds $1 trillion in U.S. Treasury bonds, while China has sold U.S. Treasury bonds in 6 out of the last 7 quarters, holding $731 billion. The third largest holder is the UK, which holds $680 billion in U.S. bonds

8. Bitcoin $BTC's inflow is as strong as during its launch at the beginning of 2024, with these funds steadily increasing since the fourth quarter. The U.S. elections have had no impact on this upward trend. Although the U.S. is cautious about interest rate cuts, let's think about what would happen if the U.S. implemented quantitative easing

9. Incredible, paper-handed panic sold nearly $4 billion worth of Bitcoin to the exchanges, the largest amount ever, leading to a cascade of liquidations, while smart money would choose to buy in at this time (Figure 3)

10. Brazilian Congressman Eros Biondini submitted a bill to establish a Bitcoin strategic reserve, proposing to allocate up to 5% of international reserves to Bitcoin, which could allow them to purchase up to $3 billion worth of Bitcoin

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