FORBES: 🟠 “We are witnessing game theory play out in real-time as nations and organizations adapt to the growing significance of #bitcoin in the global financial system.” 🔥
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The new Ethereum ETFs after the first week saw $1.18bn of inflows, although the massive outflows from incumbent Grayscale have meant a net outflow of $338m.
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The Week Ahead: July- Aug
Big Week: ETF flows, Rates, GDP, inflation data, jobs report, earnings coming
Macro:
> Spain, Germany, France, Italy and Eurozone Q2 GDP on 30
> Fed Interest Rate Decision on 31 [forecast: no change in rates]
> BoJ Interest Rate Decision on 31 [forecast: rate hike]
> BoE Interest Rate Decision on Aug 1 [forecast: rate cut/no change]
> U.S. Nonfarm payrolls on Aug 2 [forecast: 178k+]
> U.S. Unemployment Rate on Aug 2 [forecast: 4.1%]
Earnings:
> AMD and Microsoft on 30
> Meta on 31
> Amazon, Apple, MicroStrategy and Coinbase on Aug 1
Crypto:
> Vitalik Buterin speaks at EDCON 2024 on July 29
> Eclipse Mainnet this week [it's Ethereum’s first SVM L2]
Unlocks:
> $ZETA: 19%: $33M on Aug 1
> $W: 33%: $170M on Aug 3
*More info/charts in comments 👇
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🟠 Donald Trump's speech at Bitcoin 2024:
1:36 - Shoutouts.
7:00 - Bitcoin rose from an idea to the 9th most valuable asset in the world.
10:00 - The US must lead in tech, science, manufacturing, AI, space, and power generation.
16:20 - The Biden/Harris administration waged war on crypto for over 3 years.
25:00 - The Biden/Harris' anti-crypto crusade will end. He will fire Gary Gensler on day one!
27:57 - Operation Chokepoint 2.0 will end and a Bitcoin and Crypto Presidential Advisory Council will be created.
29:28 - He will defend the right to self-custody, freedom of transaction, freedom of association, and freedom of speech. No CBDC!
30:25 - The behavior of the US government is the threat to the dollar, not Bitcoin!
38:30 - Inflation is a national disgrace.
43:30 - Make the US the lowest-cost energy producer in the world and turn it into a Bitcoin mining powerhouse.
44:20 - He will build a strategic national Bitcoin stockpile!
46:00 - He will commute the sentence of Ross Ulbricht.
h/t Balaji
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ICYMI: 🟠 Michael Saylor's 21-year forecast has a Bitcoin price of $13M as the base case 🔥
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🇺🇸 Bitcoin Miner Marathon Digital has purchased $100 million worth of #BTC
They now hold over 20,000 BTC 🙌
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JUST IN: 🇺🇸 SENATOR LUMMIS PROPOSES US TO BUY 1 MILLION #BITCOIN OVER 5 YEARS 🔥
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Bitcoin Now Up 2% At $68,347 After Trump Ends Campaign Address To Bitcoin Conference: Reuters
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Senator Cynthia Lummis proposes U.S. buy 1 million Bitcoin over 5 years — link
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Okay guys, more footage of Trump will be coming in the next hours/days, Im gonna go touch grass was a pleasure reporting this speech for you all see ya!
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TRUMP SAYS HE WILL CREATE A STRATEGIC NATIONAL BITCOIN STOCKPILE IF ELECTED - RTRS
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Digital asset investment products saw a relatively muted $245m of inflows last week, although this obscures a mixed picture for various digital assets.
Bitcoin saw further healthy inflows of $519m, bringing its month-to-date inflows to $3.6bn — link
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ICYMI: 🇺🇸 SENATOR LUMMIS PROPOSES US TO BUY 1 MILLION #BITCOIN OVER 5 YEARS!
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🟠 Cantor Fitzgerald launches bitcoin-backed lending product. Starting with $2b 🔥
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BREAKING: 🇺🇸 Senator Cynthia Lummis announces legislation for a Strategic #Bitcoin Reserve for the USA❗️
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Trump speech recap:
- US to become crypto capital of the world
- To create strategic Bitcoin reserve for US
- To fire Gary Gensler on day 1
- Views stablecoins as pro dollar
- To end Operation Chokepoint 2.0
- To bring Bitcoin mining to the US
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