Prominent trader: Bitcoin remains range-bound and is approaching the bear market low.

Prediction market platform Polymarket puts the probability of Bitcoin rising to $70,000 in August at 26%. Additionally, the probability of Bitcoin hitting $65,000 is 80%, while the probability of it falling to $60,000 is 56%.

This week, the combined market capitalization of six U.S. tech giants that have released earnings reports has shifted nearly $2 trillion, as investors pick winners based on cloud business growth and returns on AI capital expenditures. Alphabet, Amazon, and Microsoft together added nearly $1.5 trillion in market value, with Microsoft rising by over $600 billion, and both Amazon and Alphabet gaining more than $400 billion each. Meanwhile, Apple’s market cap shed over $350 billion, Meta fell by around $85 billion, and Tesla dropped roughly $7 billion. Although Apple exceeded expectations for revenue, earnings, and iPhone sales, it projected this quarter’s revenue growth at 9% to 11% — below analysts’ forecast of 12% — and noted that storage chip shortages and competition for wafer manufacturing capacity will continue to limit supply. Its stock closed down more than 7% on Friday. Amazon’s second-quarter AWS revenue rose 37% year-over-year, marking its fastest growth rate since 2021, driving its stock up over 15% on Friday. The company also raised its 2026 capital expenditure forecast from $200 billion to $220 billion. Microsoft rose 15% on Thursday, while Meta fell 8%, reflecting a clear divergence in the market’s assessment of the two firms’ AI investment returns. Jefferies stated that U.S. tech giants’ AI spending over the next 12 months is approaching $800 billion. The current market debate is no longer over whether real demand for AI exists, but whether long-term profits can support such large-scale investments.

According to Onchain Lens monitoring, roughly 4 hours ago, a Hyperliquid trader’s long position of 47,610 BRENTOIL was liquidated, incurring a loss of approximately $277,600. Six days earlier, another BRENTOIL position held by the same trader was also liquidated, resulting in a loss of about $288,500. The combined loss from these two liquidations totals roughly $566,100, while the trader’s cumulative historical losses stand at around $2.86 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 100 BTC from BitMEX, valued at approximately $6.34 million. Another wallet linked to the same entity received 5.055 BTC, worth around $318,530. Combined, the two withdrawals total 105.055 BTC, with a total value of roughly $6.66 million.

According to the Financial Times, Apple’s internal security team has seen a surge in vulnerability reports as numerous researchers use AI models to hunt for software flaws, leading the company to limit the number of vulnerabilities researchers can submit simultaneously in June and impose a 30-day cooling-off period. Apple said some AI-generated reports fabricate security risks, straining its review system. Italian cybersecurity startup Bynario said it used OpenAI’s ChatGPT to uncover over 50 vulnerabilities in the latest MacBook operating system in three weeks, including a privilege escalation attack chain that could let attackers gain full control of Apple computers. However, due to Apple’s report submission limits, the firm was temporarily unable to file the relevant vulnerabilities. Apple said it has since reached out to Bynario and begun reviewing the findings. The company noted that every security report still requires manual verification, and it is also using AI internally to categorize the flood of submissions. Researchers can apply for higher submission quotas to ensure critical vulnerabilities reach the security team. Bynario estimates the privilege escalation flaw it discovered could be worth between $100,000 and $200,000 on the cybercriminal black market. Apple launched a new bug bounty program last year, offering up to $5 million for discovering the most severe and complex threat categories in its software. Apple’s system security update released this week also revealed that tools from Anthropic and OpenAI helped identify multiple device vulnerabilities, with the number of fixes this cycle roughly five times that of previous update periods. Security firm Sophos noted that AI is boosting the efficiency of real vulnerability discoveries while generating a large volume of low-quality reports, shifting the challenge for bug bounty programs from "finding flaws" to rapid verification, prioritization, and response.

According to CNN, Trump announced the cancellation of planned strikes on Iran, stating that Iran and other Middle Eastern countries had requested a delay. Earlier, sources said Saudi Arabia’s Crown Prince had called Trump to express concerns. Military analyst and former U.S. Air Force Colonel Cedric Leighton believes both Saudi Arabia and Iran have ample reason to avoid further escalation of regional conflict. Leighton noted that Saudi Arabia is facing economic pressure from a potential disruption to the Strait of Hormuz, and as a key U.S. ally in the Gulf, its diplomatic mediation played an important role in Trump’s decision to pause the strikes. He also pointed out that Iran is under pressure from both the Strait’s blockade and economic damage, and after five months of conflict, it may also be seeking time while striving to maintain its survival. “If there is indeed diplomatic pressure from Iran, I think this may reflect that Iran is trying to buy time,” Leighton said. “They are indeed under significant pressure both economically and militarily. But at the same time, I also know that Iran is doing its utmost to survive,” he added.