🔴The AI bubble is now larger than almost every market bubble in history:
The 'AI Big 10', comprising the Magnificent 7 plus Broadcom, AMD, and Micron, now accounts for a record 40% of total US stock market capitalization.
This matches the peak concentration of the Nifty Fifty bubble of the 1970s and the 2000 Dot-Com Bubble.
Including the upcoming mega IPOs of OpenAI, Anthropic, and SpaceX, AI-related market concentration would surge to ~48%, surpassing every major bubble on record.
The only bubble in history with greater concentration was the Railroad bubble of the 1880s, which peaked at 63%.
Is the AI bubble near its end, or is there further room to run?
🔴BofA Bull & Bear indicator is screaming SELL again:
This metric rose to 8.0 this week, up +0.4 points, triggering a sell signal for equities for the first time since February 2026.
The indicator has surged +1.7 points over the last 4 weeks, driven by tech and emerging market debt inflows, a record monthly increase in fund manager equity allocations, and a drop in cash levels to 3.9%.
5 of the indicator's 6 components are now bullish or very bullish, with none being bearish.
Historically, there have been 17 sell signals since 2002, with global stocks averaging a loss of -2% to -3% over the following 2 to 3 months, and maximum drawdowns of -15% to -20%.
Two days ago, I was scrolling through my timeline and saw someone talking about the number of cryptocurrencies in the market exceeding 50 million, and I was shocked! 😳
The number of people who believe that America is issuing a regulatory law for the crypto market and that these coins will be eliminated, restoring liquidity to major cryptocurrencies, honestly left me stunned. I kept wondering how this rumor spread.
📍First, America has issued legislation to regulate the operations of exchanges and stablecoin companies.
📍Second, no law will be issued, neither now nor in the future, to regulate the market because it's impossible to regulate. Anyone with $20 can create their own cryptocurrency because the technology the market is built on isn't monopolized and is available to everyone.
Third, many coins are banned from all cryptocurrency platforms, yet they are among the largest coins in the market, such as Monero (monero:native), which ranks 16th among the largest cryptocurrencies.
Tell me in the comments if you believed the rumor! 🧐
AI Coins have been the strongest this week, but most alts are still pretty weak. Few exceptions there like $HYPE & $ZEC which are close to all time highs.
Besides some of these outliers, there are no major narratives at play right now.
🚨NEW: TRADERS CAN NOW BET ON SPACEX BEFORE ITS IPO
World's largest crypto exchange, Binance, is launching Pre-IPO perpetual futures, starting with Elon Musk's SpaceX.
The product, SPCXUSDT, will let users trade expectations around SpaceX's future IPO valuation, targeting $1.75T to $2T, before the company officially goes public.
On this day in 2021, crypto witnessed one of the biggest panic sell events in market history.
Nowadays, even a 10–15% dump feels brutal, but exactly 5 years ago, Bitcoin crashed nearly 31% in a single day. Ethereum, BNB, XRP, ADA, and almost every major coin got absolutely destroyed that day.
The main reason behind the crash was China heavily intensifying its crackdown and ban on crypto mining and trading.
Anyone who survived that event probably still remembers the fear, liquidations, and chaos across the entire market. 😭
🚨Foreign investors are SELLING Japanese super-long bonds:
Foreign investors sold -¥81.3 billion, or -$512 million, in Japanese government bonds with maturities of more than 10 years in April, the first outflow since December 2024.
This added further pressure to a bond market already under significant stress, with the 30-year JGB yield rising to its highest level since its debut in 1999.
This comes as growing concerns over fiscal expansion and fears that the Bank of Japan is falling behind the inflation curve are driving foreign investors to reduce their super-long JGB exposure.
Foreign investors have become an increasingly important buyer of Japanese government bonds as the Bank of Japan scaled back its own purchases, making their retreat all the more significant for the market.
The fragility of the world's 3rd largest bond market is deepening.
Hyperliquid now controls 43% of the cryptocurrency fee market, generating $11 million in weekly revenue, surpassing Ethereum (13%) and Solana (10%).
🎰 The casino is the winner now.
⬆️ Do you know what I mean by this? Platforms and quick trading are now earning more than the underlying technology projects themselves. It's as if the crypto market has transformed into a "casino" that relies more on trading and risk than long-term investment.
Hyperliquid is reaping huge profits and fees from the sheer volume of trading and speculation, to the point where it has surpassed Ethereum and Solana in fees.
🚨 America is heading into a new legal battle… but this time over “prediction markets.”
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Minnesota after the state approved the first complete ban on prediction markets in U.S. history.
The law is set to take effect on August 1st. The move has sparked a huge debate between regulators and companies involved in cryptocurrencies and financial betting…