China is still quietly stockpiling gold: China acquired +48 tonnes of gold in May via the London OTC market, the biggest monthly purchase in over a year, according to Goldman Sachs estimates. This is 4.8x more than the official +10 tonnes reported by China's central bank for May. Meanwhile, China's central bank officially added another +15 tonnes of gold in June, marking its largest monthly purchase in at least 2.5 years and its 20th consecutive month of reserve increases. Year-to-date, China has officially raised its gold reserves by +40 tonnes. Applying a more conservative 2.0x ratio to that year-to-date figure suggests China may have actually accumulated closer to ~80 tonnes of gold so far in 2026. China's real gold purchases are far above what official figures suggest.

🇺🇸 FBI arrests hacker for hiding crypto-stealing malware inside Steam video games. Once installed, the malware stole passwords, data and drained victims' crypto wallets.

JUST IN: 🇺🇸 Odds of crypto Clarity Act passing hit all-time low as Congress meets to discuss the bill.

JUST IN: 🇺🇸 Congress holds hearing to discuss Crypto Clarity Act.

BREAKING: Netflix stock, $NFLX, extends losses to over -11% after reporting weaker than expected earnings. The stock is now down -50% over the last 12 months and trading at its lowest level since August 2024.

The current bull run is historic: The S&P 500 is up +95% since the end of 2022, placing the current bull market within the strongest 10% at this stage of the cycle, in data going back to 1928. By comparison, the top 25% of historical bull markets gained roughly +50% over the same period. Meanwhile, the median bull market delivered just ~35% after 3.5 years. The current bull run has remained within the strongest 10% of historical bull markets for 2 years, excluding the March-April 2025 correction. Since the April 2025 low alone, the S&P 500 has surged +51%. Market momentum is incredibly strong.

BREAKING: US stock market futures extend losses as the US announces its sixth consecutive night of strikes on Iran.

JUST IN: 🇺🇸 Crypto Clarity Act expected to be released today does not have Senate Democrat support, Politico reports.

BREAKING: The largest US gold-backed ETF, $GLD, has recorded -$14.4 billion in outflows since March 1st. This is 50% more than the -$9.6 billion in outflows seen across all Bitcoin ETFs since the October peak. In March alone, investors withdrew -$8.5 billion from $GLD, the largest monthly withdrawal on record. This was followed by -$1.7 billion in April, -$872 million in May, and -$3.2 billion in June. Meanwhile, outflows have eased in July, with withdrawals tracking at -$46 million month-to-date. Is the gold market setting up for a comeback?

BREAKING: WHITE HOUSE TO MEET WITH SENATORS THURSDAY TO RESOLVE ETHICS CONCERNS IN THE CLARITY ACT

BREAKING: Micron, $MU, extends losses to -10% on the day as the selloff in memory stocks gains momentum. The stock has now erased $110 billion in market cap today.

BREAKING: President Trump says Iran called him "a while ago" and they "want to make a deal." The US stock market extends its rally to a new high of the day.

JUST IN: 🇰🇷 South Korea to include crypto under planned state asset management law.

JUST IN: 🇯🇵 Japan officially passes law recognizing crypto as "financial assets."

The biggest lesson of the AI era: never get comfortable. On June 2nd, IBM, $IBM, was up +13% for the year and trading at its highest level on record. Today, just 42 days later, $IBM fell -25% posting its biggest daily decline since 1968. The stock is now down -35% in 42 days erasing over -$100 billion in market cap. AI is rapidly transforming the global economy. Adapt or be left behind.

JUST IN: 🇺🇸🇬🇧 US and UK announce joint plan to support cross-border tokenized assets and crypto stablecoins.

JUST IN: $100,000,000 worth of crypto shorts liquidated in the past 60 minutes.

JUST IN: 🇺🇸 Senate has 24 days to pass the Crypto Clarity Act before leaving for summer recess.

🔥 NEW: SEC Chair Paul Atkins says the US must lead in AI, crypto and financial innovation by advancing the CLARITY Act.

JUST IN: 🇺🇸🇨🇳 President Trump says China wants to take "complete and total control" of crypto and AI.