Trump reported large bond purchases in March in his latest disclosure filing.
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Bank of America: US equity funds experienced their largest weekly outflow since March, and "sell signals" have persisted for six weeks.
According to BlockBeats, Bank of America's latest weekly report, released on July 3, showed that US equity funds experienced a net outflow of $17.2 billion in the week ending July 1, marking the largest weekly net redemption since March 2026 and the second consecutive week of net outflows. Meanwhile, the Bank of America Bull/Bear Indicator rose from 9.1 to 9.5, remaining in the "extremely bullish" zone. Michael Hartnett, Bank of America's chief investment strategist, stated that the "sell signal" triggered by the indicator on May 20 remains in effect. Bank of America data shows that since 2002, the indicator has triggered "sell signals" 17 times, with global stock markets subsequently experiencing an average decline of 2% to 3% over the following 2 to 3 months, resulting in an accuracy rate of approximately 60% and a historical maximum drawdown of 15% to 20%. In terms of fund flows, investment-grade bonds attracted $17.2 billion in inflows this week, marking the 13th consecutive week of net inflows; high-yield bonds saw inflows of $3.4 billion, the largest weekly inflow since May 2025. Technology funds saw inflows of $14.3 billion this week, with year-to-date inflows potentially reaching a record $152 billion. Meanwhile, Japanese equity funds attracted $1.9 billion this week, the largest weekly inflow in nearly seven weeks. Amid outflows from US stocks, the semiconductor sector faced significant pressure, with the Philadelphia Semiconductor Index falling 11% over the past two trading days. JPMorgan strategists pointed out that the extreme overperformance of US semiconductor stocks relative to AI and hyperscale cloud computing companies has created an unsustainable valuation gap, which is expected to eventually narrow. Commodities and gold continued to be under pressure, with gold seeing outflows of $3 billion this week, marking the 7th consecutive week of outflows; cryptocurrencies saw outflows of $2 billion, the largest weekly outflow since November 2025.
A summary of the latest situation in the Middle East: Trump approves plan to strike Iran; Iran believes the US will cause peace talks to fail.
BlockBeats reports the following is a summary of the latest situation in the Middle East on July 8th: Conflict Situation: Trump approved the strike plan against Iran. US officials stated that the strike against Iran was a "punitive action, not a reciprocal response," and that the operation "will not end anytime soon." A US official stated that the strike launched by the US against Iran on Tuesday was four to five times larger and more powerful than the strike launched 10 days earlier. The US revoked a general license authorizing the sale of Iranian oil, allowing related final transactions to continue until midnight Eastern Time on July 17th. This move is reportedly in response to Iran's recent firing on three merchant ships in the Strait of Hormuz. The Iranian Foreign Ministry stated that some merchant ships were sailing without coordination and had turned off or tampered with AIS signals, hindering safe navigation in the Strait of Hormuz. It urged regional countries and shipping companies to avoid any actions that violate the memorandum. The U.S. Central Command stated that its forces have initiated a series of powerful strikes against Iran in response to Iranian targeting and attacks on commercial shipping operated by civilian crews in international waterways. Iran's Foreign Ministry condemned the U.S. Treasury Department's revocation of the temporary suspension of sanctions on Iranian oil sales. U.S.-Iran Negotiations: Iranian Foreign Minister Araqchi stated that if the threats persist, negotiations for a final agreement will not begin; please honor your commitments. Iran's Supreme Leader's advisor, Rezaei, stated that it is clear the U.S. will cause the negotiations to fail. Lebanese diplomatic sources indicated that Lebanon refused to hold the sixth round of Lebanon-Israel talks in Rome, insisting that negotiations should continue in Washington. Strait of Hormuz: A liquefied natural gas (LNG) carrier was attacked in the Gulf of Oman. Multiple explosions occurred in the southern Iranian port city of Sirik. Explosions were heard on Qeshm Island and Bandar Abbas in southern Iran. British Maritime Authority: The threat level in the Strait of Hormuz has been raised to "serious".
Trump insists there is "no problem" with his enormous cryptocurrency gains.
PANews reported on July 3 that, according to Bloomberg, US President Trump responded to financial disclosures in a CNBC interview on Thursday regarding his family's crypto business profits of at least $1.4 billion, stating, "There's nothing illegal about it, there's no problem with it," and indicating he was unaware of the specifics of his crypto business. Trump said, "I could have known, but I don't know," while also stating that his investments are managed by large institutions, and he doesn't even know who the managers are. In the interview, Trump stated his goal is to ensure the US remains a leader in the crypto space, saying, "Anything we do, I want to be number one, and we're number one in crypto." Critics point out that Trump has not divested assets during his term and may have used his presidency for personal gain. Disclosure documents show that Nvidia, Microsoft, Netflix, and ExxonMobil are among the most frequently traded stocks in his portfolio.
Trump pardoned 11 people, none of whom were on the SBF list; his remarks at today's celebration became the focus.
According to Mars Finance, on July 4th, US President Trump signed a pardon order the day before Independence Day (July 3rd local time), pardoning 11 people, including several convicted of violating the Clean Air Act. Trump called these people "victims of persecution by the Biden administration," imprisoned or facing imprisonment for repairing their own cars, saying, "I'm going to set them all free now." Notably, SBF, the founder of FTX and one of the most watched potential pardon recipients in the crypto space, has not yet been included in the announced pardon list. Today (July 4th) marks the 250th anniversary of the founding of the United States, and Trump will be attending events in multiple locations. The White House had previously discussed a large-scale pardon of 250 people as part of the celebrations. However, these are still under consideration and have not been officially announced. The market is paying close attention to Trump's statements today. The pardon competition under the Trump administration has significantly escalated, with the president exercising unprecedented personal control over the pardon process, frequently using the pardon power to support allies and advance his own political agenda. Pardons are handled by a small team consisting of White House Special Counsel David Warrington, Chief of Staff Susie Wiles, and U.S. Pardons Attorney Ed Martin. Most cases are initially reviewed by Warrington and Martin in coordination with the Department of Justice. The shortlisted candidates are then submitted to Wiles for review, and Warrington and Wiles then submit the final selection to Trump for decision.
Trump will earn over $600 million from his Solana Meme cryptocurrency by 2025; Gillibrand reiterates calls for ethical reform of digital assets.
Odaily Odaily reports that Fox Business crypto reporter published an article on the X platform stating that following the release of President Trump's financial disclosure documents, Senator Gillibrand has reiterated his call for ethical reforms to ban presidents, members of Congress, and their spouses from issuing or sponsoring digital assets. The financial disclosure documents show that President Trump earned over $600 million from his Solana Meme coin in 2025. This announcement comes as Senator Gillibrand's long-standing advocacy for stronger ethical rules comes under increased scrutiny, following reports that his son has raised funds to launch a crypto derivatives exchange.
SecondFi has released an update on the latest theft incident: "Isolation Mode" will be launched this week, and a secure wallet export function is planned for release next week.
PANews reported on July 8th that SecondFi, the Cardano wallet service provider, released an update on the latest theft incident, stating that an "isolation mode" will be launched this week, allowing users to check if their wallet address is involved in the incident and submit a support ticket. Next week, they plan to launch a secure wallet export function, providing a safer wallet migration path for users of different skill levels. SecondFi reiterated that it will provide potential asset recovery solutions for wallets confirmed to be affected through its process, expected to be through zero-knowledge proof-based recovery tools with defined eligibility and terms. The official statement also emphasized that they will not request private keys or seed phrase, and users should only operate through the official website support and designated checking tools.