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22:48
Branchout Food has reached a project cooperation agreement with the second largest warehouse club in the United States, with expected annual revenue of approximately 8 million dollars.
The signing of this agreement marks significant progress for the company in expanding its retail channels and is expected to provide a stable source of income. This cooperation will further enhance the coverage of Branchout Food products in major retail channels. By leveraging the large membership base and sales network of warehouse clubs, it is expected to significantly drive up the sales of the company’s related products. This project demonstrates market recognition of the company’s innovative food solutions and provides strong support for its future performance growth. Through deep collaboration with major retailers, Branchout Food will continue to expand its brand influence and consolidate its market position in the food technology sector. This strategic move is expected to have a positive impact on the company’s financial performance and create long-term value for shareholders.
22:48
Bitcoin once fell more than 3%, approaching the $58,000 mark; Strategy (MSTR.US) gave back part of the previous trading day's gains.
As investors reassess the impact of Strategy (MSTR.US) adjusting its financing strategy, the market is concerned that one of the largest corporate holders of Bitcoin may not continue to purchase Bitcoin on a large scale in the future, putting pressure on the cryptocurrency market.
22:18
Traders increase short positions in federal funds rate futures, taking risks by betting on a July rate hike
This previously unimaginable move could be disrupted by a series of economic data. The probability of an interest rate hike at next month's policy meeting remains relatively low, with interest rate swaps currently pricing in about 9 basis points of increases—equivalent to an approximately 36% chance of a 25 basis point hike. Nevertheless, this probability has risen significantly; before the new Federal Reserve Chairman, Kevin Walsh, shifted the focus to price stability, the probability was nearly zero. Since the policy meeting on June 17, open interest in August federal funds futures—which measures the scale of new trading positions held by investors—has risen rapidly. The swift accumulation of new positions is broadly skewed toward the sellers, indicating traders are shorting the contract; if the probability of a rate hike continues to rise, these positions will benefit. Even if options traders previously sought to hedge against the rate hikes already priced into the market, these bets have been increasing. These bets may face a test as early as Thursday, when labor market data will be released. Any signs of weakening employment growth could reduce the chance of a July rate hike, putting the newly established short positions at risk.
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