🇺🇦🇪🇺 The EU panics that peace may break out as the US presents its peace proposal to Zelensky.

Kallas still defines peace in terms of sanctions and weapons while refusing diplomacy. The aim of an “unconditional ceasefire” is to temporarily freeze the front, rearm, and prolong the war

🔗 Glenn Diesen (@Glenn_Diesen)

🇺🇦🇪🇺 Europe pushes back against Trump’s “peace plan” — EU foreign ministers reject any concessions at Ukraine’s expense

European countries are not prepared to support Donald Trump’s new peace proposal if it forces Ukraine into territorial concessions. Reuters reports this, citing today’s meeting of EU foreign ministers in Brussels.

Diplomats were clear: Europe will not approve any concessions from Kyiv. If Trump’s plan pressures Ukraine or demands the transfer of territory, the EU will not support it.

@CIG_telegram

🇺🇦🇪🇺 Chief EU diplomat, Kaja Kallas: The EU has a very clear two-point plan: first, weaken Russia; second, support Ukraine

"Supporting Ukraine is a bargain compared to a Russian victory"

Meanwhile, in the latest news from the front, Russian troops have reached the outskirts of Gulyaipole in Zaporozhye, the Ukrainians have failed to break the Myrnograd garrison out of encirclement, Russians have broken into the first neighbourhoods in Lyman in Donetsk and have made small advancements elsewhere. Plan failed successfully.

Kallas insists the plan is working because Russia's oil revenues "collapsed".

@CIG_telegram

📉 Today's market crash summarised:

S&P 500 wiped out $1.5 trillion in value from today's high.

Bitcoin dropped to $87,000.

Crypto market cap is below $2.95T.

🔗 Bull Theory

🪙 OG BITCOIN WHALE SOLD $1.3 BILLION BTC!

Owen Gunden, a $BTC holder since 2011, has now sold all 11,000 BTC worth $1.3 BILLION.

🔗 Coin Bureau

🪙 RUMOR: Few major crypto funds blew up during the October 10th flash crash that wiped out $19 billion.

They’re now being forced to sell Bitcoin and ETH to cover losses, which explains the relentless dumping. This also fits why Alt/Btc pairs are holding up well.

🔗 Ash Crypto

🪙 Bitcoin is now down 43% priced in gold.

A liquidity crisis is developing in crypto and spreading to other assets, including precious-metals mining stocks. Sell Bitcoin and crypto-related equities before they go much lower, and buy the dip in the miners before they go much higher!

🔗 Peter Schiff

🇯🇵 The Japanese central bank is losing control of the Yen again. When it hits the critical 160 level they will be forced to respond, which collapses the Yen carry trade fueling US stocks.

🔗 Financelot

🇯🇵 The Japanese yen is falling, it's at around $155 per dollar, the weakest level since mid January

There's a massive interest rate gap between the US and Japan. The Fed is holding rates around 3.75%-4.00% while Japan's rates are basically zero at 0.5%. This creates an insane opportunity for traders. They borrow yen at nearly 0%, convert it to dollars and stick those dollars in US Treasury bonds earning around 3.75%+.That's free money, so everyone piles into the trade. The more they sell yen to buy dollars, the weaker the yen gets

The Bank of Japan could raise rates to make yen borrowing more expensive and defend the currency but they're completely boxed in. Japan's economy just shrank 1.8% annualized last quarter, the first contraction in six quarters. Raising rates now would kill what little growth they have. So traders know the BOJ won't act which means they keep selling the yen with confidence.

Prime Minister Takaichi is about to announce 17-20 trillion yen in fiscal stimulus to prop up the economy. This actually makes the currency collapse worse. The bond market is already freaking out pushing Japanese government bond yields to multiyear highs. Why? Because everyone sees what's coming, massive deficits,more debt and a weaker yen to pay it all back. The real issue with Japan isn't a lack of spending, it's all structural. The population is aging, growth is stalled and deflation expectations are baked in. You can't print your way out of that. Spending more just signals you're desperate which tanks the yen further.

so what happens next? The yen keeps falling which makes imports more expensive pushing inflation higher. Also, wages aren't keeping up, they only grew 1.9% last month. So ordinary Japanese people get poorer. The government then feels pressure to spend even more stimulus to cushion the blow which weakens the yen again. It's a doom loop. If we hit 160 yen per dollar, the government might actually step in with currency intervention but that's just temporary market theater. The fundamentals don't support yen strength until the Fed cuts rates significantly or Japan gets its fiscal house in order and neither is happening soon.

🔗 Stock Market News

🇺🇸🪖🗺 — Multiple USAF reconnaissance units currently off the coast of Venezuela randomly all decided to turn on their transponders!