UBS: MARKET OVERREACTING TO MIDDLE EAST TENSIONS

UBS says markets often overreact to geopolitical events, and the current Middle East crisis is no exception. Unlike past oil shocks, this conflict poses little threat to supply, with Iran making up just 1.6% of global output and no disruptions reported.

UBS advises buying market dips, expecting only a mild pullback. It remains bullish on global equities, defense, and gold—forecasting gold to reach $3,500/oz by end-2025.

Bottom line: UBS sees fears as overblown and expects markets to stay supported by policy, wages, and AI-driven growth.
(@WalterBloomberg)

IRAN SEEKS DE-ESCALATION, SIGNALS WILLINGNESS TO RESUME NUCLEAR TALKS

Iran is signaling it wants to ease tensions with Israel and resume nuclear negotiations, sending messages through Arab intermediaries to both Israel and the U.S., officials say. Tehran has told Arab leaders it's open to talks if the U.S. stays out of the fighting and warned it may escalate its nuclear program if diplomacy stalls.

Despite Iranian outreach, Israel continues its air campaign, targeting military leaders and nuclear sites, with little sign of stopping. Prime Minister Netanyahu has vowed to continue until Iran’s nuclear and missile programs are dismantled, though regime change isn't officially the goal.

Iran believes Israel lacks a clear exit strategy and hopes pressure will push Israel toward talks. Meanwhile, Gulf states are urging the U.S. to rein in Israel, warning the conflict could threaten regional stability and energy markets.
(@WalterBloomberg)

JP Morgan Files JPMD Trademark Hinting At Stablecoin: DB

🔗 velo.xyz

Arthur Hayes New Article “Assume The Position”

A discussion on the stablecoin mania brewing in public stock markets

> He argues that the booming stablecoin sector is wildly overhyped, noting Tether’s unbeatable distribution moat and Circle’s overvalued IPO.

> He warns that the next wave of listings will be Circle copycats and will be even more overvalued on a Price/AUC ratio than Circle.

> However, he stated the distribution channels for new entrants are closed.

Source: https://cryptohayes.substack.com/p/assume-the-position

Coinbase Seeking US SEC Approval To Offer Blockchain-based Stocks - RTRS: Tree

🔗 velo.xyz

US STRIKES ON IRAN ARE ON THE TABLE, INCLUDING NUCLEAR FACILITIES, ACCORDING TO TWO SENIOR WHITE HOUSE OFFICIALS CITED BY FOX NEWS
(@WalterBloomberg)

Finding it impossible to be bearish on crypto (yes, short term Summer chop probably, but zoom out).

A few thoughts:

The U.S. Senate just passed the GENIUS Act, the first comprehensive federal legislation for fiat-backed stablecoins.

Stablecoins already power the largest real-world use case in crypto:

• $250B+ live onchain
• Instant global settlement
• < $0.01 tx fees
• Open API for money

Now, it gets a legal foundation to go global. It's huge and not to be faded.

This lays the groundwork for trillions in stablecoin settlement volume. It's huge for DeFi.

Every bank, fintech, and payments processor now has a regulated, programmable digital dollar they can actually use.

The biggest bottleneck was legal clarity, which is now gone.

But stablecoins aren’t just for payments. They’re the gateway to speculation, as all the degens on here are aware.

They’re the liquidity base layer of the entire crypto economy.

At the same time, regulators are quietly easing capital rules for U.S. banks.

That frees up bank balance sheets.

More capital = more lending
More lending = lower rates
Lower rates = more risk appetite
More liquidity = stronger BTC tailwinds

BTC thrives when liquidity expands and stablecoins amplify that liquidity. TradFi + Crypto are now structurally aligned for it.

So in summary we have:

• Stablecoins getting federal clarity (DeFi to benefit)
• Banks regaining liquidity
• Borrowing costs likely heading lower
• BTC acting like a macro hedge with clear investor demand (I haven't even mentioned the BTC company treasury ponzi bubble that is growing)

Being bearish here requires me to fade regulatory clarity, institutional momentum, and macro tailwinds.

Find the right coins, have a little patience, and enjoy your Summer.

don't let ct fool you into thinking you have to double every few months or you're underperforming

https://x.com/Crypto_McKenna/status/1935322001184260267