Syz the moment

The White House confirmed it is now putting the legal and operational framework in place to formally manage the reserve. The US already holds 328,372 Bitcoin worth roughly $25 billion—about 1.56% of Bitcoin's circulating supply—making it the world's largest known government holder. What's remarkable? None of it was purchased. Every Bitcoin was seized through criminal and civil asset forfeitures, and the government has pledged not to sell a single coin. Meanwhile, a separate Digital Asset Stockpile will hold seized cryptocurrencies such as Ethereum and XRP. The bigger story is what comes next. Congress is considering the American Reserves Modernization Act, which would authorize the Treasury to acquire 1 million Bitcoin over five years with a minimum 20-year holding period. If approved, it would mark the first time a nation actively accumulates Bitcoin as a strategic reserve asset. Source: Bull Theory on X

Samsung and SK Hynix, which together make up 50% of the index, fell -6% and -4.5%. Source: Bull Theory

Its quarterly operating profit surged, powered by booming AI memory demand and higher DRAM prices. Analysts still expect memory shortages to persist through 2027. Yet the stock fell. Why? Because in today's market, good isn't good enough when perfection is already priced in. This marks an important shift. The first phase of the AI boom was driven by the obvious bottlenecks: semiconductors, memory, and AI infrastructure. Capital poured into the same names. Nvidia led. The semiconductor index soared. Now those trades are crowded. The fundamentals remain strong, but investors are asking a different question: Can earnings keep exceeding already sky-high expectations? AI isn't over. But the easy money from owning the obvious AI winners may be. Source: Bloomberg, James E. Thorne @DrJStrategy

Source: Charlie Bilello

Source: Barchart, Bloomberg

It's the largest reduction in over two decades. The sharp price cut comes as pressure grows on the world's largest crude exporter, as softer demand in Asia coincides with improving supply conditions following the easing of geopolitical tensions in the Middle East.Source: The Times Of India

Blue Owl Capital has fallen 56% over the past year, significantly underperforming major private credit peers. The decline reflects rising investor concerns, as redemption requests at its two largest private credit funds reached $4.7 billion in Q2, exceeding quarterly withdrawal limits. Its technology-focused fund faced particularly heavy pressure, with 38% of investors seeking to exit. The trend extends across the private credit industry, where record redemption requests totaled $15.6 billion in Q2, but only 38% were met, leaving $9.7 billion outstanding. These developments highlight growing liquidity risks, suggesting private credit may be entering its most challenging stress test yet. Source: Global Markets Investor

Source: zerohedge