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 ⚠️

The Week Ahead: infinityhedge

Mon/21:
*Coinbase will launch U.S. Perpetual-Style Futures
*Saylor expected to announce BTC purchase
*Google AI announcement expected (gold medal at IMO)

Tue/22:
*Powell remarks on capital framework for large banks (8:30am)
*Fed Bowman fireside chat with Sam Altman
*UK Chancellor R. Reeves appears before the House of Lords Economic Affairs Committee.
*U.S. Digital Asset Markets Working Group expected to release first crypto policy report: May include recommendations on funding a strategic Bitcoin reserve

Wed/23:
*Trump’s speech on AI priorities at “Winning the AI Race” event
*Jack Dorsey's Block will be added to S&P 500
*Google, Tesla, IBM earnings

Thu/24:
*EU-China summit
*ECB interest rate decision
*U.S. Jobless Claims, New Home Sales

Fri/25:
*China's largest AI conference (Huawei’s hypernode, Unitree, deepseek?, Alibaba, Tencent, etc)

TBA/Whole Week: U.S. Earnings week, AI week

More about the week Ahead and What Happened last week:
https://infinityhedge.substack.com/p/the-7-days-6e4

*POLYMARKET TO RETURN TO U.S. MARKET AFTER $112 MILLION ACQUISITION OF REGULATED DERIVATIVES EXCHANGE QCX: BBG

*BLUE ORIGIN ANNOUNCES SIX PEOPLE FLYING ON NS-34 MISSION

*BLUE ORIGIN SAYS CREW INCLUDES CRYPTO ENTREPRENEUR JUSTIN SUN

*JUSTIN SUN PLACED A WINNING BID OF $28 MILLION FOR THE FIRST SEAT ON BLUE ORIGIN’S SHEPARD ROCKET IN 2021

CANTOR FITZGERALD, A FINANCIAL SERVICES COMPANY LED BY THE SONS OF US COMMERCE SECRETARY HOWARD LUTNICK, IS CREATING A WAY FOR INVESTORS TO BET THAT PRESIDENT DONALD TRUMP’S SIGNATURE TARIFFS WILL BE STRUCK DOWN IN COURT: WIRED

*In a letter seen by WIRED, a representative from Cantor said the firm was willing to trade tariff refund rights for 20 to 30% of what companies have paid in duties.

*Cantor Fitzgerald is letting clients essentially bet that Trump’s tariffs will be struck down in court.

POLYMARKET IS DECIDING WHETHER TO INTRODUCE ITS OWN STABLECOIN OR ACCEPT A REVENUE SHARING DEAL WITH CIRCLE: COINDESK SOURCES

*POLYMARKET CONSIDERS STABLECOIN LAUNCH TO CAPTURE YIELD FROM USD RESERVES

*Polymarket is locking a lot of stablecoin value in their betting pools and so they want some kind of mechanism to get the yield: Source

META HIRES THREE GOOGLE AI RESEARCHERS WHO WORKED ON GOLD MEDAL-WINNING MODEL: THE INFORMATION

GOLDMAN SACHS AND BNY JOIN FORCES TO TRANSFORM $7.1 TRILLION MONEY MARKET INDUSTRY WITH DIGITAL TOKENS: CNBC

CLIENTS OF BNY WILL BE ABLE TO INVEST IN MONEY MARKET FUNDS WHOSE OWNERSHIP WILL BE RECORDED ON GOLDMAN’S BLOCKCHAIN PLATFORM.

THE PROJECT HAS ALREADY SIGNED UP BLACKROCK, FIDELITY INVESTMENTS AND FEDERATED HERMES, AS WELL AS THE ASSET MANAGEMENT ARMS OF GOLDMAN AND BNY.