The Week Ahead: infinityhedge

Mon/14:
*Tornado Cash co-founder Roman Storm Trial Begins
*Saylor expected to announce BTC purchase
*Trump’s major statement on Russia

Tue/15:
*China Q2 GDP
*JPMorgan Chase, Wells Fargo, Citigroup and Blackrock report earnings.
*U.S. CPI

Wed/16:
*U.S. PPI
*Four-day International Supply Chain Expo in China begins. Nvidia will take part for the first time, Jensen Huang to hold media briefing
*Coinbase: “the next chapter of Base” announcement
*Proposal to make World Liberty Financial's WLFI Token Tradable expected to pass
*Tesla to open its first official store in India
*Bank of America, Morgan Stanley, Goldman Sachs and ASML report earnings.

Thu/17:
*U.S. Unemployment Claims, Retail Sales
*Netflix, TSMC, United Airlines and Pepsi report earnings.
*Plasma Token ‘XPL’ Public Sale

Fri/18:
*Japan CPI
*US UoM. Consumer Sentiment
*Token Unlock: TRUMP: $850M (44.8%)

TBA/Whole Week:
*U.S. Bank Earnings, Grok AI will be coming to Tesla vehicles
*Crypto Week: discussions and potential votes on: GENIUS Act (stablecoin bill), CLARITY Act (crypto market structure bill), Anti-CBDC Surveillance State Act.
*DWF CEO to share exact composition of the ‘USDf’ Stablecoin

More about the week Ahead and What Happened last week:
https://infinityhedge.substack.com/p/the-7-days-254

*GRAYSCALE INVESTMENTS CONFIDENTIALLY SUBMITTED DRAFT IPO REGISTRATION TO SEC: BBG

NVIDIA EXPECTS LICENSE TO SELL H20 GPU TO CHINA AGAIN

NVIDIA +4% PREMARKET

U.S. JUN CPI: 2.7% Y/Y, EST. 2.6%

*US JUNE CORE CPI RISES 0.2% M/M; EST. +0.3%
*US JUNE CONSUMER PRICES RISE 2.7% Y/Y; EST. +2.6%
*US JUNE CONSUMER PRICES RISE 0.3% M/M; EST. +0.3%
*US JUNE CORE CPI RISES 2.9% Y/Y; EST. +2.9%

HOUSE REPUBLICANS HAVE FAILED TO CLEAR A PROCEDURAL MOTION THAT WOULD ALLOW CONSIDERATION OF A PAIR OF CRYPTO BILLS

NO CRYPTO WEEK ⚠️

CANTOR FITZGERALD NEARS $4B SPAC DEAL WITH ADAM BACK

*Cantor Equity Partners 1, a blank cheque vehicle that raised $200M in cash in an IPO in Jan, is in late-stage talks with Adam Back, founder of Blockstream Capital, to buy more than $3B in the BTC. Back is in discussions to contribute as much as 30k BTC. It would be part of a broader deal with Partners 1, in which it would raise as much $800M in outside capital to make further purchases of the BTC, putting the overall deal at $4B+

*Back & Blockstream would contribute BTC in exchange for shares in the Cantor vehicle, which would be renamed BSTR Holdings.

*Cantor’s combined crypto purchases between its two vehicles, BSTR Holdings and Twenty One Capital, could reach nearly $10B this year.

*TRUMP LIKELY TO FIRE POWELL SOON, WHITE HOUSE OFFICIAL SAYS: BBG

TRUMP HAS NOT MADE A FINAL DECISION AND COULD CHANGE HIS MIND

*TRUMP DRAFTED LETTER TO FIRE FED CHAIR POWELL: NYT

GOLD UP 1.4%
BTC DOWN 0.4%
SPX DOWN 0.8%
DXY DOWN 1%

TRUMP: NOT PLANNING TO FIRE POWELL

TRUMP: CHANGE COMING IN 8 MONTHS, HASSETT SOMEONE WE'D CONSIDER FOR FED CHAIR

TRUMP NOT DRAFTED A LETTER TO FIRE POWELL: WHITE HOUSE OFFICIAL

U.S. HOUSE REPUBLICANS PASSED PROCEDURAL MOTION TO ADVANCE CRYPTO BILLS

CRYPTO WEEK ON

U.S. HOUSE PASSES CRYPTO MARKET STRUCTURE BILL 'CLARITY ACT', SENDING TO SENATE: INFINITYHEDGE

U.S. HOUSE PASSES 'GENIUS ACT' STABLECOIN BILL

U.S. HOUSE PASSES ANTI-CBDC SURVEILLANCE ACT

TRUMP IS PREPARING TO OPEN THE $9T US RETIREMENT MARKET TO CRYPTO, GOLD, AND PRIVATE EQUITY

TRUMP IS EXPECTED TO SIGN AN EXECUTIVE ORDER AS SOON AS THIS WEEK THAT WOULD OPEN UP 401K PLANS TO ALTERNATIVE INVESTMENTS BEYOND TRADITIONAL STOCKS AND BONDS

COINBASE HITS NEW ATH, RISES ABOVE $430 FOR THE FIRST TIME SINCE 2021

*TRUMP SEEKS 15-20% MINIMUM TARIFF ON ALL EU GOODS: FT

*TRUMP ALSO REJECTS REDUCING 25% SECTORAL DUTIES ON EU CARS, SAY DIPLOMATS

*ONE U.S. OFFICIAL TOLD FT THE ADMINISTRATION NOW LOOKING AT A RECIPROCAL TARIFF RATE THAT EXCEEDS 10%, EVEN IF A DEAL REACHED

INDIAN CENTRALIZED EXCHANGE 'COINDCX' WAS DRAINED FOR ~$44.2M ALMOST 17 HOURS AGO: ZACHXBT | CYVERS ⚠️

Addresses:
6peRRbTz28xofaJPJzEkxnpcpR5xhYsQcmJHQFdP22n

3btch8cSVp3Uh2SiY9DeiRNYUBmFiBNHZQzDyecJs7Gu

0xEF0c5b9E0E9643937D75C229648158584A8CD8D2

CoinDCX CEO: one of our internal operational accounts - used only for liquidity provisioning on a partner exchange - was compromised due to a sophisticated server breach. Wallets used to store customer assets are completely safe. CoinDCX will be bearing the full amount from our treasury reserves.

NOTE: On This Exact Date (18th July) Last Year, Wazirx, Another Indian Crypto Exchange, Was Also Hacked For $235m ⚠️