Two well-known analysts are warning at the same time about risks to overvalued U.S. markets. Bloomberg Intelligence strategist Mike McGlone speaks of a possible "once-in-a-lifetime reversal," while Bridgewater founder Ray Dalio forecasts negative real returns on U.S. equities for years ahead. Both argue that markets are badly overheated.

A busy week lies ahead on the US economic calendar, with more inflation data expected, while the rhetoric in the Middle East is mounting again.

Polymarket stands accused of faking wins to draw in users, hackers drained the Secret Network bridge of $4.7 million, and a large Japanese pension fund decided to allocate 1% of its assets to cryptocurrency — those and other stories from the morning of June 22 in our recap.

Venture capital funds have poured $12.3 billion into defense technology startups since the start of 2026, nearly double the amount raised over the same stretch last year. Conflicts in Ukraine and the Middle East have exposed an urgent demand for weapons systems that are cheaper and faster to build. That demand has turned military hardware

The crypto market will welcome tokens worth more than $735 million in the final week of June 2026. Major projects, including Humanity (H), MegaETH (MEGA), and Sahara AI (SAHARA), will release significant new token supplies. These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch. 1.