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Hundreds of Millions of Dollars in Bitcoin Transferred to IRGC, US Treasury Sanctions Iranian Exchange BitBank
Odaily News: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Tehran-based crypto exchange BitBank, alleging that the platform transferred hundreds of millions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps (IRGC). According to OFAC, BitBank is controlled by Iranian financier Babak Zanjani, who was designated in January of this year, and who used the platform to complete transfers between June and July. The designation was made pursuant to Executive Order 13902. The sanctions also cover three executives of BitBank's software developer Pishtaz Simorgh and its parent company Dot One. U.S. Treasury Secretary Bessent stated that using cryptocurrency to finance the Iranian regime does not fall outside OFAC's jurisdiction. OFAC also alleged that Hormuz Safe, a Tehran-based institution that sells safe passage through the Strait of Hormuz, has been transferring payments it received through BitBank since June; the institution was sanctioned in July. OFAC did not disclose the relevant wallet addresses.
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Federal Reserve's Hawkish Dot Plot Shocks Market: Gold Sees V-Shaped Rebound, Bitcoin's Key Range Settles at $64,000-$65,000
CryptoQuant analyst Axel Adler stated that Bitcoin weakened rapidly after the Federal Reserve held interest rates steady at 3.50%-3.75% and released a relatively hawkish dot plot, falling below the $64,000 mark and dropping about 4% from its intraday high.This meeting marked the Fed's fourth consecutive pause, but the latest dot plot indicates a significant shift towards a hawkish policy path: several officials now expect the possibility of further rate hikes this year, further diminishing the market's pricing of "rate cut expectations." Analysts believe this change has a greater impact than the rate decision itself, directly suppressing risk asset valuations.Market data shows that Bitcoin initially surged to around $66,400 following the announcement, before quickly reversing downward amid heavy selling pressure, hitting a low of approximately $63,870. Trading volume notably expanded, indicating active selling-driven declines. The price is currently consolidating near the lower end of the $63,600–$64,000 range, with no significant inbound capital from bargain hunting.In stark contrast is gold's performance. Spot gold rapidly recovered after briefly dipping to around $4,220, climbing back above the $4,300 level to trade near $4,321, demonstrating strong defensive attributes and capital absorption capacity. Even against a backdrop of easing geopolitical risks, safe-haven demand remains resilient.Market participants pointed out that the core divergence in this round of reaction lies in the repricing of asset attributes: gold completed a swift recovery under the same macroeconomic shock, while Bitcoin failed to reclaim the key level of $64,000, highlighting the higher sensitivity of risk assets to "higher-for-longer interest rates."Overall, the market is transitioning from a phase of "loose expectations supporting risk assets" to one of "hawkish path suppressing valuations," with short-term risk appetite clearly cooling. The key observation point is whether Bitcoin can re-enter the $64,000–$65,000 range with volume confirming stability; otherwise, a weak consolidation structure may persist.
Fed Hikes Rates for First Time in Three Years; Dot Plot Projects One More Increase This Year
On the 17th, the Federal Reserve implemented its first interest rate hike in three years. The latest dot plot indicates one more rate hike this year, with rates expected to remain unchanged through 2027. The long-term interest rate projection has been raised to 3.2%, and policymakers generally expect inflation to remain elevated over the coming years.
Federal Reserve's Hawkish Dot Plot Shocks Market: Gold Sees V-Shaped Rebound, Bitcoin's Key Range Settles at $64,000-$65,000
CryptoQuant analyst Axel Adler stated that Bitcoin weakened rapidly after the Federal Reserve held interest rates steady at 3.50%-3.75% and released a relatively hawkish dot plot, falling below the $64,000 mark and dropping about 4% from its intraday high.This meeting marked the Fed's fourth consecutive pause, but the latest dot plot indicates a significant shift towards a hawkish policy path: several officials now expect the possibility of further rate hikes this year, further diminishing the market's pricing of "rate cut expectations." Analysts believe this change has a greater impact than the rate decision itself, directly suppressing risk asset valuations.Market data shows that Bitcoin initially surged to around $66,400 following the announcement, before quickly reversing downward amid heavy selling pressure, hitting a low of approximately $63,870. Trading volume notably expanded, indicating active selling-driven declines. The price is currently consolidating near the lower end of the $63,600–$64,000 range, with no significant inbound capital from bargain hunting.In stark contrast is gold's performance. Spot gold rapidly recovered after briefly dipping to around $4,220, climbing back above the $4,300 level to trade near $4,321, demonstrating strong defensive attributes and capital absorption capacity. Even against a backdrop of easing geopolitical risks, safe-haven demand remains resilient.Market participants pointed out that the core divergence in this round of reaction lies in the repricing of asset attributes: gold completed a swift recovery under the same macroeconomic shock, while Bitcoin failed to reclaim the key level of $64,000, highlighting the higher sensitivity of risk assets to "higher-for-longer interest rates."Overall, the market is transitioning from a phase of "loose expectations supporting risk assets" to one of "hawkish path suppressing valuations," with short-term risk appetite clearly cooling. The key observation point is whether Bitcoin can re-enter the $64,000–$65,000 range with volume confirming stability; otherwise, a weak consolidation structure may persist.
World Uncertainty Index Rises to Third-Highest in History, Surpassing Levels Seen During the Dot-Com Bubble and Global Financial Crisis
the World Uncertainty Index has climbed to its third-highest level in history, with the current value surpassing those observed during the dot-com bubble and the global financial crisis. (Cointelegraph)Odaily Note: The World Uncertainty Index (WUI) is a forward-looking pressure indicator that primarily reflects the sense of uncertainty among economic agents (businesses, households, investors) regarding the future economic, political, and policy environment. It helps analyze how uncertainty impacts economic growth, investment decisions, and financial markets. The global WUI has reached historical highs multiple times over the past decade, particularly under the influence of overlapping multiple crises.
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Federal Reserve's Hawkish Dot Plot Shocks Market: Gold Sees V-Shaped Rebound, Bitcoin's Key Range Settles at $64,000-$65,000
CryptoQuant analyst Axel Adler stated that Bitcoin weakened rapidly after the Federal Reserve held interest rates steady at 3.50%-3.75% and released a relatively hawkish dot plot, falling below the $64,000 mark and dropping about 4% from its intraday high.This meeting marked the Fed's fourth consecutive pause, but the latest dot plot indicates a significant shift towards a hawkish policy path: several officials now expect the possibility of further rate hikes this year, further diminishing the market's pricing of "rate cut expectations." Analysts believe this change has a greater impact than the rate decision itself, directly suppressing risk asset valuations.Market data shows that Bitcoin initially surged to around $66,400 following the announcement, before quickly reversing downward amid heavy selling pressure, hitting a low of approximately $63,870. Trading volume notably expanded, indicating active selling-driven declines. The price is currently consolidating near the lower end of the $63,600–$64,000 range, with no significant inbound capital from bargain hunting.In stark contrast is gold's performance. Spot gold rapidly recovered after briefly dipping to around $4,220, climbing back above the $4,300 level to trade near $4,321, demonstrating strong defensive attributes and capital absorption capacity. Even against a backdrop of easing geopolitical risks, safe-haven demand remains resilient.Market participants pointed out that the core divergence in this round of reaction lies in the repricing of asset attributes: gold completed a swift recovery under the same macroeconomic shock, while Bitcoin failed to reclaim the key level of $64,000, highlighting the higher sensitivity of risk assets to "higher-for-longer interest rates."Overall, the market is transitioning from a phase of "loose expectations supporting risk assets" to one of "hawkish path suppressing valuations," with short-term risk appetite clearly cooling. The key observation point is whether Bitcoin can re-enter the $64,000–$65,000 range with volume confirming stability; otherwise, a weak consolidation structure may persist.
Fed Raises Rates by 25 Basis Points, Dot Plot Suggests Possible Additional Hike This Year
The Federal Reserve announced a 25 basis point rate hike, moving the target range to 3.75%-4.00%. The latest dot plot shows that 16 out of 18 officials support raising rates again within the year.
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Michael Saylor posts Bitcoin Tracker update again, may disclose increased holdings data next week
Odaily news: Michael Saylor, founder and Executive Chairman of Bitcoin treasury company Strategy, has once again released information related to the Bitcoin Tracker, captioning it “₿ig Dot Energy.” Based on past patterns, Strategy always discloses its increased Bitcoin holdings the day after releasing related information.
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Hundreds of Millions of Dollars in Bitcoin Transferred to IRGC, US Treasury Sanctions Iranian Exchange BitBank
Odaily News: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Tehran-based crypto exchange BitBank, alleging that the platform transferred hundreds of millions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps (IRGC). According to OFAC, BitBank is controlled by Iranian financier Babak Zanjani, who was designated in January of this year, and who used the platform to complete transfers between June and July. The designation was made pursuant to Executive Order 13902. The sanctions also cover three executives of BitBank's software developer Pishtaz Simorgh and its parent company Dot One. U.S. Treasury Secretary Bessent stated that using cryptocurrency to finance the Iranian regime does not fall outside OFAC's jurisdiction. OFAC also alleged that Hormuz Safe, a Tehran-based institution that sells safe passage through the Strait of Hormuz, has been transferring payments it received through BitBank since June; the institution was sanctioned in July. OFAC did not disclose the relevant wallet addresses.
Fed Rate Hike Dot Plot Signals Tightening; Gold Plunges as China and Japan Sell US Treasuries
The Federal Reserve announced a rate hike, with its dot plot signaling continued tightening this year, sending gold down more than $130 intraday. Trump once again called for rate cuts, while China and Japan simultaneously reduced their holdings of U.S. Treasury bonds.
Fed Hikes Rates for First Time in Three Years; Dot Plot Projects One More Increase This Year
On the 17th, the Federal Reserve implemented its first interest rate hike in three years. The latest dot plot indicates one more rate hike this year, with rates expected to remain unchanged through 2027. The long-term interest rate projection has been raised to 3.2%, and policymakers generally expect inflation to remain elevated over the coming years.
Fed Raises Rates by 25 Basis Points, Dot Plot Suggests Possible Additional Hike This Year
The Federal Reserve announced a 25 basis point rate hike, moving the target range to 3.75%-4.00%. The latest dot plot shows that 16 out of 18 officials support raising rates again within the year.
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Saylor's latest Orange Dot post hints that MSTR will not announce new BTC purchases tomorrow
Bitcoin News posted on X platform, stating that Saylor's latest Orange Dot post hints that MSTR will not announce new BTC purchases tomorrow.