Here's your daily market update as of June 29, 2026:

🎯 Market Mood: Mixed
📰 Main Narrative: A renewed US-Iran ceasefire and South Korea's trillion-dollar chip investment plan lifted risk appetite, while AI application software rallied even as semiconductors took profits and crypto stayed pressured by ETF outflows.
1️⃣ Macro & TradFi Pulse
🌐 A senior US official confirmed the US and Iran agreed to halt mutual attacks, with a meeting set for Tuesday in Doha to resolve Strait of Hormuz disputes, easing oil supply concerns and pushing crude lower.
📈 South Korea unveiled a "Three Major Projects" investment plan, with Samsung and SK expected to commit over $650 billion across the next decade, providing a long-term catalyst for the global AI chip supply chain.
🏦 Gavekal noted that Kevin Warsh's appointment and the reappointment of 11 regional Fed presidents have eased market fears over monetary policy independence, reducing tail-risk premiums for risk assets.
2️⃣ Crypto Market Signals
₿ $BTC held around $59,575 as geopolitical easing failed to spark a strong rebound, with liquidations dropping sharply to $184 million and ETFs posting a $445 million net outflow on Friday's close.
🧩 $ETH held relatively steady near $1,570, with total crypto market cap slipping to $2.13 trillion as the market entered a low-volatility repair phase after recent leverage flushouts.
🧩 Samson Mow said he believes the cycle bottom has formed, though views remain split, with 10x Research eyeing $55,000 and Arthur Hayes suggesting BTC could fall toward $40,000 in the coming months.
3️⃣ Risk, Regulation & Infrastructure
⚖️ House Speaker Mike Johnson said a housing bill containing a temporary CBDC ban until 2030 will be sent to Trump on Monday for signing, after he refused to sign an earlier version pushing for election-related legislation.
🔐 Cathie Wood's ARK Invest bought roughly $10.19 million in Coinbase shares while adding to $SPCX and $CRCL positions, lifting crypto concept stocks with $HOOD up 6% and $COIN up 4%.