Trump responds to whether the "Trump account" includes Bitcoin: "It might happen."

The Kobeissi Letter has stated it now believes the S&P 500 is poised to break above 8,000 points, as chip stocks have quietly emerged as the new leading sector in this bull market. While many stocks in the "Magnificent Seven" have fallen more than 20% from their recent highs, semiconductor stocks have taken over market leadership. Year-to-date, 8 of the top 10 performing stocks in the S&P 500 belong to the chip sector. Though large-cap tech stocks, which have led the market since 2022, have weakened, the S&P 500 is currently only about 1% below its all-time high. This marks the first time since 2022 that the market has risen led by sectors outside the Magnificent Seven, while the Magnificent Seven have moved in the opposite direction. The Letter views this rotation as positive, as the Magnificent Seven are poised to retake their leadership role. As large-cap tech stocks begin to reclaim leadership, and whether semiconductors continue to outperform or cool off, the S&P 500 is on track to rise above 8,000 points, with asset holders set to continue benefiting.

According to market data from BIT (bit.com), crypto-related stocks in the US equities market rose broadly during intraday trading. BitMine (BMNR) gained 8.25%, Circle (CRCL) rose 7.18%, MARA increased 6.21%, Sharplink (SBET) climbed 5.93%, Robinhood (HOOD) advanced 4.48%, and Bullish (BLSH) was up 2.76%.

According to HTX market data, Bitcoin has broken through $63,000, posting a 1.13% gain in the last 24 hours.

According to data from Coinglass, total liquidations across the crypto network hit $221 million over the past four hours, including $124 million in long position liquidations and $97.34 million in short position liquidations.

Federal Reserve Governor Waller said that monetary policy formulation should not mechanically apply historical experience, but rather assess policy effects based on the current economy’s "initial conditions." When discussing forward guidance, Waller noted that it remains a valuable tool capable of influencing markets in advance and accelerating policy transmission. For example, after the FOMC signaled in September 2021 that it would tighten policy in the future, even though actual interest rate hikes did not begin until March 2022, the two-year U.S. Treasury yield had already risen by nearly 200 basis points cumulatively by then, with the market completing part of the policy transmission in advance. However, Waller also pointed out that when forward guidance is too forceful or rigid, it may instead undermine policy flexibility and delay policy adjustments. He mentioned that the FOMC’s September 2020 conditions for exiting the effective lower bound on interest rates were not adjusted even after inflation surged well above 2% and the unemployment rate fell rapidly in 2021, unnecessarily delaying the timing of interest rate hikes. Waller stated that forward guidance can help accelerate monetary policy transmission, but if it lacks flexibility, it may also hinder policy transmission; in some cases, the best option is to not use forward guidance at all.

Last week, Strategy sold 3,588 BTC at an average price of $60,197, generating proceeds of roughly $216 million. The company’s average cost basis for Bitcoin purchases is nearly $75,651, meaning this sale incurred an approximate $55 million realized loss.