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🤔 #XRP CEO Ripple - the trial with the SEC will end “very soon”. (Bloomberg)

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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.”

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❗️BTC began to be transferred from Mt․Gox wallets to the Bitstamp crypto exchange

A test transaction has been completed so far.

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#gossip
💸 Elon Musk will take part in the Bitcoin 2024 conference (July 25-27) - FOX

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#onchain
🐃 Matrixport: The influx of fiat into cryptocurrency is increasing - a growth driver for the crypto market.

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⚽️ English football club Real Bedford bought 67 BTC ($4.5 million)

Real Bedford has 82.7 BTC ($5.4 million) on its balance sheet

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#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

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#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.

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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.

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#etf #eth
🔥 The NYSE has approved the listing of the spot Ethereum ETF from Bitwise! – document

Trading is due to open on July 23. There has been no official “OK” from the SEC yet.

❗️UPD: NYSE approves listing of Grayscale spot Ethereum ETF – document

UTUML6CF
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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

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🔥 #ETH Spot Ethereum ETF trading will begin in 30 minutes!

Bloomberg analysts predict capital inflows of $5-6 billion in the first year after listing. (Eric Balchunas)

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🔥Clans have appeared in Blum

You can join and receive +10% of the farm points rate.

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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%

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#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

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🧐 Binance Founder to be Released on September 29!

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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."

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💵 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
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#conference
🇺🇸 Donald Trump:

▫️If cryptocurrency is going to shape the future, I want it minted, minted, and manufactured in the U.S.! "You won't have to move your families to China!" The U.S. will become "the crypto capital of the planet and the Bitcoin superpower of the world."

▫️Bitcoin is a miracle of human achievement. Cryptocurrencies will soar like never before if I am elected president of the United States.

▫️Bitcoin is not a threat to the dollar, the dollar is threatened by the current U.S. government. The threat to our currency is not from cryptocurrency, it is from Washington!

▫️Fire Gary Gensler... (the loudest applause in the hall)..."Wow, I didn't know he was that unpopular!"

▫️I will keep both the 200,000 BTC that are stored on the country's balance sheet and any future acquisitions...as a strategic asset of the United States.

▫️About Kamala Harris: "By the way, she is against cryptocurrencies. She is very much against..."

▫️"As long as I am the President of the United States, CBDC will never be issued"

▫️I will make sure that Elizabeth Warren, who is also known as "Pocahontas", keeps her hands off cryptocurrency.

▫️Bitcoin can exceed the market value of gold. Bitcoin for freedom, sovereignty and independence from government coercion and control.

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#calendar
⚡️ Key events calendar for this week

Monday 29 July:
- nothing important

Tuesday 30 July:

🇪🇺 EU - GDP (Q2)
🔥 US - JOLTS Job Openings (June)

Wednesday 31 July:

🇪🇺 EU - CPI (July)
🔥 US - Fed Rate Decision
🔥 US - Powell Conference

Thursday 1 August:

🇺🇸 US - Initial Jobless Claims
🇺🇸 US - ISM Manufacturing PMI (July)
🇺🇸 US - Fed Balance Sheet

Friday 2 August:
🔥 US - Nonfarm Payrolls (July)
🇺🇸 US - Unemployment Rate (July)

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🇺🇸 University of Wyoming to Launch 'Bitcoin Research Institute' in August to Publish 'High-Quality Academic Research' on BTC

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