On July 20, BNP Paribas Wealth Management maintained a neutral outlook on global stock markets and advised investors to strengthen diversified allocations. In light of persistent inflation in the U.S. and slowing economic momentum, the institution adjusted its previous expectation of the Fed keeping interest rates unchanged this year to anticipate a rate hike to 4.0% in December. The bank also upgraded the Japanese stock market to 'overweight' and raised the ratings for European, South Asian, and Southeast Asian stock markets to 'neutral', emphasizing the importance of diversification to cope with market volatility in the second half of the year.
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BNP Paribas: Fed Rate Hike Expectations Restart, Possible Increase to 4.0% in December
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US Military Launches New Round of Strikes on Iran
On July 21, the U.S. Central Command stated on July 20 local time that at 4:00 p.m. Eastern Time that day, the U.S. military began a new round of strikes on Iran as directed by the president. The U.S. Central Command said the operation aims to further degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz. -
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BitMine Adds 7,430 ETH Last Week, Buys Back Approximately 5.5 Million Common Shares
As of July 19 Eastern Time, BitMine's total holdings of cryptocurrency, cash, and its 'Moon Project' amounted to $11.5 billion. BitMine holds 5,777,468 ETH (an increase of 7,430 ETH from the previous week), representing 4.8% of Ethereum's total supply of 120.7 million ETH. Additionally, it holds 207 BTC, $180 million in Beast Industries shares, $58 million in Eightco Holdings (Nasdaq: ORBS) shares, and $385 million in unencumbered cash. As of July 19, 2026, the total amount of ETH staked by Bitmine is 4,917,189 (valued at $9.2 billion based on ETH price of $1,879 per ETH). Bitmine Chairman Tom Lee stated, 'Bitmine repurchased approximately 5.5 million common shares last week at an average price of $15.6156 per share. We believe that repurchasing common shares will enhance shareholder value.' -
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Starmer Officially Steps Down as UK Prime Minister: My Work is Complete
UK Prime Minister Starmer delivered a farewell speech at Downing Street, stating, "My work is complete. Over the past six and a half years, I have led our party out of the historic defeat of 2019, transforming it into a party capable of facing the nation, and we achieved an overwhelming victory in the 2024 election. Since then, it has been the honor of my life to serve as Prime Minister for you and this great country. I believe that today’s Britain is stronger and fairer than it was two years ago. However, what I will always remember is the humbling aspect of this job, which is being able to witness the greatest things of this country in action from the front row. Every day, I see countless acts of resilience—resilience, perseverance, integrity, and compassion from those who serve the nation." Starmer concluded, "We must remember the greatness of Britain. As we debate how to solve problems, there are certain things we inherit from our nation and character that give us the confidence to believe we can make the country better. We can create a Britain where every child can go further based on their talents, and if we do not succumb to division, we can unite different people under a common banner. Therefore, as I now pass the baton to Andy Burnham, I wish him all the best. He has my full support... I thank the people of Britain for the opportunity to serve. I leave with dignity, I leave with a smile, and I am proud of all we have achieved." (Jinshi) -
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