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The most significant event for the US market is the sharp 3% drop in the Nasdaq-100 index driven by a broad tech stock selloff, which has triggered turbulence across major indices like the S&P 500 and prompted widespread debate over whether to buy the dip or perceive an AI bubble.

Technology Selloff: Nasdaq-100 drops 3% and S&P 500 deep in the red as tech stocks struggle, prompting debate over an AI bubble.
Micron Technology Bullish Forecast: Top analyst calls predict Micron could reach $1,500 amidst the tech downturn.
SpaceX Valuation Target: Analyst Keith Fitz-Gerald predicts SpaceX will reach a $500 valuation, with options showing post-IPO reckoning.
IBM Software Business: JPMorgan urges investors to buy IBM as its software business is seen as underappreciated by the market.
AI and Quantum Gains: Palantir and Zeta Global partner on AI marketing, while Quantinuum leads a quantum stock rally following executive orders.
"Buy the Dip" Strategy: Despite the sell-off, Melius Research's Ben Reitzes advises investors to buy chip dips, echoing Lou Basenese's call.
Mag 7 Momentum Fading: CIO Mackenzie Investments notes momentum is fading for major "Mag 7" stocks, contributing to the market decline.
Geopolitical Tensions: Iran and Oman move to assert control over the Strait of Hormuz, adding risk to the trading environment.
Unusual Bond Market Volatility: The bond market has experienced sudden volatility, with experts citing reasons for its persistence.
Corporate & Regulatory Moves: Coca-Cola fights a $20 billion IRS tax bill, while Meta and EssilorLuxottica offer new AI-integrated glasses.

Although the provided source text contains multiple headlines about Japan's stock market, financial regulations, and economic indicators, the most significant event highlighted is the Tokyo Stock Exchange's (TSE) drop to 2,565 yen, signaling a 9-day setback and market overheating concerns.

EU Parliament Committee Approves Creation of Digital Euro; First Time Major Central Banks Agree for 2029 Issuance
Five Executives Resign Amid Suspicion of Suspicious Involvement; Uri Credit Union Promotes Sound Management
Car Insurance Rates to Rise Up to 14%; Payments Increase Due to High Component Costs
Long-Term Interest Rates Rise to 2.675%; US Rate Increase Spreads
Economic Expansion "Izanami" Matches Post-War Longest; Government Maintains June Recovery Outlook
Customs Declarations to Be Fully Digitized by 2030; Improves Convenience for Tourists
Tokyo Stock Exchange Closes Below 70,000 Yen; Market Heatedness Alarmed; Selling Expansion
Three Men Arrested for Loan Suspicion at 7–12 Times Legal Interest Rate; Police Report to Court
NY Yen Reaches 39-Year Lowest Level; Finance Minister Likely to Discuss with US Treasury Secretary
JR Hokkaido Launches New Tourist Train "Red Star"; Sapporo to Abashiro in About 7 Hours

The most significant event in the crypto market is Vitalik Buterin's announcement that the Ethereum Foundation will cut its budget by 40% in a major reset, signaling a strategic realignment amid leadership challenges.

Chainlink partners with 47 South Korean and European banks to accelerate international money transfers.
Ethereum Foundation reduces its budget by 40% and cuts 20% of its staff amid leadership changes.
Bitcoin drops below $60,000, signaling pressures from the Fed, ETFs, and AI, with potential further declines.
The SEC delays tokenizing stocks, a decision that is viewed as a relief for the crypto industry.
Deutsche Bank predicts Bitcoin may need to plunge 15% or more to establish a market bottom.
Former Robinhood Crypto COO Tanya Denisova joins stablecoin issuer Agora as head of operations.
The CLARITY Act's path through the U.S. Senate remains unclear as it approaches the August recess.
The European Central Bank's digital euro advances after winning a key vote in the European Parliament.
Franklin Templeton completes a $250 million acquisition deal and establishes a new Franklin Crypto division.
Ripple secures preliminary approval for RLUSD in Luxembourg, boosting its position while XRP holds at $1.10 support.

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