💸 The Fed's balance sheet fell by $15.8 billion in one week.
▪️Williams, Fed Chairman:
- The latest macro data brings us closer to a disinflationary trend - this is what we want to see.
▪️Daley, Fed Chairman:
- I want to make sure that inflation is trending down before I vote for a rate cut.
▪️Goolsby, Fed Chairman:
- There have been several months of good macro data on inflation - the struggle is still ongoing, but confidence is emerging in the disinflation process.
▪️Bloomberg:
- The Fed is preparing to cut rates in September, because... J. Powell's attention is shifting to the labor market.
▪️IMF:
- The Fed should not cut rates until the end of 2024. It is necessary to increase taxes in order to slow down the growth of the US national debt.
- July 31: Pause.
- September 18: decrease by 25 bp. up to 5.00-5.25%.
- November 7: decrease by 25 bp. up to 4.75-5.00%.
- December 18: decrease by 25 bp. up to 4.50-4.75%.
- January 29, 2025: Pause.
EB8CT7NX
@Сryptoz ₿
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⚡️Trump is selling almost a million dollars each of seats for his speech at the Bitcoin Conference 2024.
The price for a seat at the roundtable is set at $844,600, which is the maximum campaign contribution allowed by law. For the right to take a photo with a presidential candidate - $60 thousand per person, or $100 thousand per couple.
SQTSALSP
@Сryptoz ₿
The price for a seat at the roundtable is set at $844,600, which is the maximum campaign contribution allowed by law. For the right to take a photo with a presidential candidate - $60 thousand per person, or $100 thousand per couple.
SQTSALSP
@Сryptoz ₿
👍10❤🔥6❤5
Ethereum ETFs from 21Shares, Fidelity, VanEck, Franklin and Invesco are officially listed on the Cboe exchange - document
C6LQ01F3
@Сryptoz ₿
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🇺🇸 7 US states against “excessive crypto regulation” SEC!
The Iowa Attorney General and representatives from the states of Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma filed an amici curiae over the SEC's attempt to over-regulate the crypto industry.
“A regulatory power grab will stifle innovation and prevent citizens from being protected from fraud + harms the free market.”
IO96ADDQ
@Сryptoz ₿
The Iowa Attorney General and representatives from the states of Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma filed an amici curiae over the SEC's attempt to over-regulate the crypto industry.
“A regulatory power grab will stifle innovation and prevent citizens from being protected from fraud + harms the free market.”
IO96ADDQ
@Сryptoz ₿
❤10👍5
A test transaction has been completed so far.
1QTOCMC6
@Сryptoz ₿
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#gossip
💸 Elon Musk will take part in the Bitcoin 2024 conference (July 25-27) - FOX
X1VBBVSH
@Сryptoz ₿
X1VBBVSH
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#onchain
🐃 Matrixport: The influx of fiat into cryptocurrency is increasing - a growth driver for the crypto market.
X32VXGX3
@Сryptoz ₿
🐃 Matrixport: The influx of fiat into cryptocurrency is increasing - a growth driver for the crypto market.
X32VXGX3
@Сryptoz ₿
❤🔥10👍5❤3
⚽️ English football club Real Bedford bought 67 BTC ($4.5 million)
Real Bedford has 82.7 BTC ($5.4 million) on its balance sheet
9DEPH77D
@Сryptoz ₿
Real Bedford has 82.7 BTC ($5.4 million) on its balance sheet
9DEPH77D
@Сryptoz ₿
👍12❤6👌2
#calendar
⚡️ Calendar of key events for this week
Monday 22 July:
- nothing important
Tuesday 23 June:
- nothing important
Wednesday 24 July:
🇺🇸 USA - Manufacturing/Services/Composite PMI (July) - 16:45
🇨🇦 Canada - Interest Rate Decision - 16:45
Thursday 25 June:
🇺🇸 USA - GDP (2Q 2024) - 15:30
🇺🇸 USA - Durable Goods Orders (June) - 15:30
🇺🇸 USA - Initial Jobless Claims - 15:30
🇺🇸 USA - Fed balance sheet - 23:30
Friday 26 July:
🔥 USA - PCE Price index (June) - 15:30
ZQJ3BSSP
@Сryptoz ₿
⚡️ Calendar of key events for this week
Monday 22 July:
- nothing important
Tuesday 23 June:
- nothing important
Wednesday 24 July:
🇺🇸 USA - Manufacturing/Services/Composite PMI (July) - 16:45
🇨🇦 Canada - Interest Rate Decision - 16:45
Thursday 25 June:
🇺🇸 USA - GDP (2Q 2024) - 15:30
🇺🇸 USA - Durable Goods Orders (June) - 15:30
🇺🇸 USA - Initial Jobless Claims - 15:30
🇺🇸 USA - Fed balance sheet - 23:30
Friday 26 July:
🔥 USA - PCE Price index (June) - 15:30
ZQJ3BSSP
@Сryptoz ₿
❤8👍5
#finflows
📊 Coinshares: Report on cryptocurrency financial flows.
✔️ Capital inflow into the crypto industry for the week = $1,353,000,000.
▫️Capital inflow into #BTC-related crypto products = $1,277,000,000.
▫️Inflow of capital into crypto products related to #ETH = $45,300,000.
▫️Capital inflow into crypto products related to #SOL = $9,600,000.
▫️Last week there was a slight influx of capital into crypto products related to #LTC, #LINK, #XRP, #BNB and #ADA.
F6WOSKV2
@Сryptoz ₿
✔️ Capital inflow into the crypto industry for the week = $1,353,000,000.
▫️Capital inflow into #BTC-related crypto products = $1,277,000,000.
▫️Inflow of capital into crypto products related to #ETH = $45,300,000.
▫️Capital inflow into crypto products related to #SOL = $9,600,000.
▫️Last week there was a slight influx of capital into crypto products related to #LTC, #LINK, #XRP, #BNB and #ADA.
F6WOSKV2
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#opinion
🧐 JPMorgan – “Any short-term rise in the crypto market in July will likely NOT be the start of a new long-term uptrend.”
Bank analysts predict a recovery of the crypto market in August.
G7WR7ND0
@Сryptoz ₿
Bank analysts predict a recovery of the crypto market in August.
G7WR7ND0
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#rwa
🤝 #SOL Hamilton Lane announced the launch of a tokenized fund on the Solana blockchain
Hamilton Lane manages $900,000,000,000+ in assets
J6336914
@Сryptoz ₿
🤝 #SOL Hamilton Lane announced the launch of a tokenized fund on the Solana blockchain
Hamilton Lane manages $900,000,000,000+ in assets
J6336914
@Сryptoz ₿
👍9❤3❤🔥2
Bloomberg analysts predict capital inflows of $5-6 billion in the first year after listing. (Eric Balchunas)
LS1X76J5
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🇺🇸 US macro data:
▪️ GDP (q/q) (Q2)
FACT: 2.8%
FORECAST: 2.0%
PREV: 1.4%
▪️ GDP deflator (q/q) (Q2)
FACT: 2.3%
FORECAST: 2.6%
PREV: 3.1%
▪️ Number of initial applications for unemployment benefits
FACT: 235K
FORECAST: 237K
PREV: 245K
▪️ Basic Durable Goods Orders (MoM) (June)
FACT: 0.5%
FORECAST: 0.2%
PREV: -0.1%
▪️ Durable Goods Order Volume (MoM) (June)
FACT: -6.6%
FORECAST: 0.3%
PREV: 0.1%
U72K9T9J
@Сryptoz ₿
▪️ GDP (q/q) (Q2)
FACT: 2.8%
FORECAST: 2.0%
PREV: 1.4%
▪️ GDP deflator (q/q) (Q2)
FACT: 2.3%
FORECAST: 2.6%
PREV: 3.1%
▪️ Number of initial applications for unemployment benefits
FACT: 235K
FORECAST: 237K
PREV: 245K
▪️ Basic Durable Goods Orders (MoM) (June)
FACT: 0.5%
FORECAST: 0.2%
PREV: -0.1%
▪️ Durable Goods Order Volume (MoM) (June)
FACT: -6.6%
FORECAST: 0.3%
PREV: 0.1%
U72K9T9J
@Сryptoz ₿
👍12❤5
#opinion
😮 VanEck's Crazy Prediction: “Bitcoin for $2,900,000 by 2050”!
▫️Bitcoin market capitalization will grow to $61,000,000,000,000 by 2050.
▫️$2,900,000 — the cost of BTC in the base scenario. If bullish - $52,386,207!
▫️Central banks will start holding 2.5% of their reserves in BTC.
▫️Bitcoin will be used for settlements in 10% of global international trade and 5% of global domestic trade
WZPUCMOG
@Сryptoz ₿
▫️Bitcoin market capitalization will grow to $61,000,000,000,000 by 2050.
▫️$2,900,000 — the cost of BTC in the base scenario. If bullish - $52,386,207!
▫️Central banks will start holding 2.5% of their reserves in BTC.
▫️Bitcoin will be used for settlements in 10% of global international trade and 5% of global domestic trade
WZPUCMOG
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#inside
🤔 Fortune: Kamala Harris is likely to express her position on the crypto industry in the coming weeks + her husband is a crypto enthusiast.
The campaign team has already begun to study cryptocurrency.
Ripple CEO: "Kamala Harris should distance herself from the Democratic Party's crypto skeptics."
"Democrats are losing votes because they are against the crypto industry (and therefore against innovation). It's time to catch up with other countries on crypto regulation."
VL3GUU79
@Сryptoz ₿
🤔 Fortune: Kamala Harris is likely to express her position on the crypto industry in the coming weeks + her husband is a crypto enthusiast.
The campaign team has already begun to study cryptocurrency.
Ripple CEO: "Kamala Harris should distance herself from the Democratic Party's crypto skeptics."
"Democrats are losing votes because they are against the crypto industry (and therefore against innovation). It's time to catch up with other countries on crypto regulation."
VL3GUU79
@Сryptoz ₿
👍14❤3✍2
💵 The Fed's balance sheet has shrunk by $2.8 billion in one week!
The Fed chairmen are now in a "quiet period" - the meeting will take place on July 31.
▪️Bill Dudley, former head of the New York Fed:
- The Fed should cut the rate, preferably next week.
📌 Market expectations (#FedRate):
- July 31: Pause.
- September 18: cut by 25 bps to 5.00-5.25%.
- November 7: cut by 25 bps to 4.75-5.00%.
- December 18: cut by 25 bps to 4.50-4.75%.
- January 29, 2025: cut by 25 bps to 4.25-4.50%.
+ The earnings season continues in the US.
0I2S0QUL
@Сryptoz ₿
The Fed chairmen are now in a "quiet period" - the meeting will take place on July 31.
▪️Bill Dudley, former head of the New York Fed:
- The Fed should cut the rate, preferably next week.
📌 Market expectations (#FedRate):
- July 31: Pause.
- September 18: cut by 25 bps to 5.00-5.25%.
- November 7: cut by 25 bps to 4.75-5.00%.
- December 18: cut by 25 bps to 4.50-4.75%.
- January 29, 2025: cut by 25 bps to 4.25-4.50%.
+ The earnings season continues in the US.
0I2S0QUL
@Сryptoz ₿
👍11❤4❤🔥2🎅1