WS #9079
The risk-off narrative from the prior window remains dominant with no material change in the last 30 minutes. No new counter-signals, de-escalation, or non-dominant-narrative developments have emerged. The tech/crypto selloff continues without a clear catalyst for reversal, and geopolitical tensions remain elevated. No new data points warrant updating the previous synthesis.
Key developments
- Bitcoin breaks below $60,000 to new 52-week low; crypto crash deepens
- Semiconductor selloff intensifies: INTC -8%, QCOM -8%, AMD -7.6%
- Iranian drone strikes Erbil oil refinery; IAEA reports serious incident at Zaporizhzhia nuclear plant
- S&P rules out quick index entry for SpaceX IPO, space stocks crash
- Oracle's AI capex could hit $100 billion as Stargate expands; stock falls
- Anthropic proposes coordinated pause on advanced AI development
- USMCA trade deal renewal to blow past July 1 milestone, auto tariff haggling ahead