Market wrap: Bitcoin liquidations, Fed policy shifts, and corporate earnings

Bitcoin liquidations surged to $238 million as U.S. President Donald Trump hinted at intensified military action against Iran, triggering risk aversion in crypto markets.

Federal Reserve Chairman Kevin Warsh is reportedly considering reducing the number of scheduled policy meetings, which has raised concerns about potential market volatility.

A major Coldcard wallet exploit drained $70M in Bitcoin, causing market fear and pushing the price below $63,000.

The Southern Company (SO) reported Q2 earnings that beat EPS estimates but missed revenue forecasts, with EPS at $1.13 vs $1.01 expected.

President Donald Trump has once again criticized the Federal Reserve over interest rates, accusing the central bank of being influenced by policies that may be contributing to inflation.

British American Tobacco reported Q2 earnings that beat estimates on EPS but missed on revenue, with figures showing a slight decline in revenue compared to expectations.

More Markets news →