marketmoves

🇺🇸 US Markets Brief

🎯 Trump Media and MicroStrategy boost bitcoin holdings; Opendoor surges; Fed faces heightened political scrutiny.

🔸 Trump Media $DJT disclosed a $2B bitcoin position—two-thirds of its liquid assets; shares rose 6–9%.

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🔸 MicroStrategy $MSTR purchased 6,220 bitcoin for $740M, bringing its holdings to over 600,000 BTC ($72B market value).
🔸 Opendoor $OPEN surged 635% in a month on retail-driven, meme-style trading and record options activity.

🔸 Bank of America $BAC now expects no Fed rate cuts in 2025, citing resilient spending and sticky inflation.
🔸 Polymarket acquired CFTC-licensed QCEX for $112M, enabling a regulated US relaunch of event-derivatives trading.

🔸 House Republican referred Fed Chair Powell to DOJ for alleged perjury tied to renovation cost disclosures.
🔸 US Leading Economic Index fell 0.3% in June, marking a third consecutive recession signal; GDP still seen up 1.6% in 2025.

🔸 Palo Alto Networks $PANW denied reports of advanced $8–10B acquisition talks for SentinelOne $S after initial market speculation.
🔸 Treasury Secretary Bessent called for a full review of the Federal Reserve, increasing scrutiny of Chair Powell amid a $2.5B HQ renovation.