Crypto Disclosures, June CPI, & New OpenAI Models

View from the Arch #140

July 14, 2026

This Week at Arch: Extend your loan in one click

Coming up on the end of your term? You can just keep going.

Arch loans function like a line of credit. Within 3 months of your term ending, a Rollover button shows up in your loan dashboard. Click it, pick a new term up to 12 months, and your loan keeps running. No principal due. No reapplying. And you can do it as many times as you want.

If you're on a deferred interest loan, this is where the two products click together. Roll forward and your accrued interest comes along with it, straight into the principal of the new term. Your cash never has to leave your hands to service the loan.

To sum it up:

  • No principal due. Extend the term without paying anything down or refinancing.

  • Terms up to 12 months. Pick what fits, then do it again when that one's up.

  • Nothing out of pocket. The origination fee gets folded into your new loan balance.

  • AutoPay resets clean. We switch AutoPay off when you roll, so you can set it back up around your new statement dates.

  • Same protections. LTV monitoring, margin call notices, and collateral top ups all carry over.

  • Your Bitcoin stays yours. Segregated custody at Anchorage Digital, a federally chartered bank, never lent out or rehypothecated.

To be eligible you'll need to be under 65% LTV on Bitcoin (60% ETH, 50% SOL and XRP) with no pending payments. Want to roll early? Ping the team in the app and we can turn it on for you.

This Week in Crypto

Bitcoin spent the week rallying and losing ground, only to end up basically where it started.

  • BTC touched nearly $64,000 on July 10 on the back of dollar weakness and some Asian equity strength - its best weekly gain in a couple weeks.

  • But then it gave back ground yesterday as the ETF complex reversed.

  • Eyes are now on the CPI print and the July 28-29 Fed meeting.

President Trump’s crypto disclosure is now making the CLARITY Act a little more complicated.

  • The Office of Government Ethics released the President's annual financial disclosure on July 1. The filing shows roughly $1.4B in crypto-related income for the year - over $500M from World Liberty Financial token sales, $635M in $TRUMP memecoin licensing royalties, plus stablecoin and equity proceeds on top.

  • It's also now the single biggest obstacle to the CLARITY Act, since the bill's ethics provision - the one about government officials profiting off the industry they're regulating - is now a concrete talking point.

    • That’s not the only point still in contention, though. Three other disputes remain unresolved - a law-enforcement fight over DeFi developer liability protections, stablecoin yield, and CFTC vacancies.

This Week in TradFi

President Trump reinstated a naval blockade on Iranian shipping through the Strait of Hormuz this week - and dropped in a Truth Social post that the U.S. would be charging a 20% protection tax on all cargo passing through.

  • Oil responded immediately - Brent jumped to $84 and WTI to $78, Brent’s biggest single-day jump in years.

  • Equities sold off - the S&P fell 0.8% and the Nasdaq 1.6%.

Inflation came in cooler:

  • June CPI rose 3.5% YoY against expectations of 3.8%, and consumer prices fell 0.4% MoM.

Banks posted their best quarter ever, and stocks fell anyway:

  • JPMorgan reported its strongest profit level on record this week, and Bank of America and Wells Fargo both beat earnings.

  • All three stocks still dropped - JPMorgan 2.5%, Wells nearly 2%, and BoA smaller.

IBM warned that preliminary Q2 results missed expectations:

  • The stock lost roughly a quarter of its value in a single session, dragging Workday, Autodesk, Salesforce, and Microsoft down with it.

This Week in Tech

OpenAI shipped three new models:

  • OpenAI rolled out its GPT-5.6 family on July 9 - flagship Sol, mid-tier Terra, budget Luna - after clearing a U.S. government review, with pricing aggressively undercutting the field (Sol runs $5/$30 per million tokens).

  • The models come with beefed-up agentic capabilities in coding, biology, and cybersecurity.

Meta wants out from under Nvidia:

  • Meta greenlit production of its own custom AI chip this week, joining the growing list of hyperscalers deciding that renting compute at Nvidia's markup is no longer a permanent arrangement.

  • This lands amid reporting that Goldman Sachs expects the four major hyperscalers to spend a combined $725B on AI infrastructure this year.

SK Hynix has the best Nasdaq debut (but then a terrible Monday):

  • SK Hynix listed on Nasdaq Friday in one of the largest foreign IPOs in memory, popping on debut.

  • But then its Seoul-listed shares fell more than 15% on Monday, their worst day on record.

Arch is building a next-gen wealth management platform for individuals holding Alternative Assets. Our flagship product is the crypto-backed loan, which allows you to securely and affordably borrow against your crypto.

Disclaimer: None of the above is financial advice, seriously.