*TESLA 2Q ADJ EPS 40C, EST. 42C

*TESLA 2Q REV. $22.50B, EST. $22.64B

*TESLA 2Q FREE CASH FLOW $146M, EST. $760M

CHINA, US TO EXTEND TARIFF PAUSE AT SWEDEN TALKS BY ANOTHER 90 DAYS: SOURCES

TRUMP: WE HAVE REACHED A DEAL WITH EU

TRUMP: WE AGREE TARIFF OF 15% STRAIGHT ACROSS FOR AUTOS

TRUMP: EU AGREES TO OPEN UP COUNTRIES TO TRADE AT 0% TARIFF

TRUMP: EU TO BUY HUNDREDS OF BILLIONS OF USD IN MILITARY GEAR

TRUMP: EU WILL MAKE $600B IN U.S. INVESTMENTS

TRUMP: EU WILL BUY $150B IN U.S. ENERGY

EU'S VON DER LEYEN: AGREED ON 15% TARIFFS ACROSS BOARD

TRUMP: STEEL, ALUMINUM STAYING THE WAY IT IS (IT'S A WORLDWIDE THING, NO CHANGE)

LUTNICK ON EU, CHIPS: IN TWO WEEKS WILL COME OUT WITH 232

TRUMP: CONFIRMATION TARIFF LETTERS TO COME BEFORE AUG. 1

The Week Ahead: infinityhedge | Big Week

Mon/28
*U.S. Treasury’s Quarterly Refunding Announcement (QRA)
*Saylor expected to announce BTC purchase
*US, China 3rd trade talks (expected to extend tariff pause by another 90 days per SCMP sources)
*‘Harmonic’ Mathematical Superintelligence Announcement

Tue/29:
*IMF Economic Outlook Update
*U.S. JOLTS
*Earnings: PayPal, Visa, Spotify, MARA Holdings

Wed/30:
*U.S. ADP, Q2 GDP
*U.S. Treasury QRA (borrowing estimate)
*FOMC Meeting: Fed expected to keep rates unchanged but all eyes will be on Powell to see whether he’ll respond to Trump’s relentless pressure, change his tune
*Earnings: Meta, Microsoft, Robinhood, arm
*Ethereum’s 10th anniversary celebration
*U.S. Digital Asset Working Group will release report: may include recommendations on funding a strategic Bitcoin reserve

Thu/31
*BoJ Interest Rate Decision: expected to keep rates unchanged
*U.S. PCE
*Earnings: Apple, Amazon, Reddit, MicroStrategy, Coinbase, Riot

Fri/01
*Trump Tariffs Deadline, tariff letters
*U.S. ISM, NFP report
*Hong Kong’s stablecoin bill takes effect (similar to the GENIUS Act)
*Earnings: Exxon, chevron

Sat/02: Berkshire Hathaway earnings

Whole Week: Trade-Tariffs Week, Earnings Week, Economy Week, Crypto policy Week, Roman Storm trial

More about the week Ahead and What Happened last week:
https://infinityhedge.substack.com/p/the-7-days-e5e

180 LIFE SCIENCES TO RAISE $425M TO LAUNCH ETHEREUM TREASURY AND REBRAND TO ETHZILLA

*180 LIFE SCIENCES PIPE TRANSACTION EXPECTED TO CLOSE AUGUST 1, 2025

*ETHZILLA CORPORATION SECURES $425 MILLION FROM 60 INSTITUTIONAL INVESTORS INCLUDING HARBOUR ISLAND, ELECTRIC CAPITAL, POLYCHAIN CAPITAL, GSR, OMICRON TECHNOLOGIES, KONSTANTIN LOMASHUK (CO-FOUNDER LIDO AND P2P ORG), SREERAM KANNAN (FOUNDER, EIGENLAYER), MIKE SILAGADZE (FOUNDER, ETHER FI), DANNY RYAN (CO-FOUNDER, ETHEREALIZE), VIVEK RAMAN (CO-FOUNDER, ETHEREALIZE), SAM KAZEEMANIAN (CO-FOUNDER, FRAX), GRANT HUMMER (CO-FOUNDER OF ETHEREALIZE), ROBERT LESHNER (FOUNDER, COMPOUND AND SUPERSTATE), TARUN CHITRA (FOUNDER, GAUNTLET) AND SEVERAL OTHER PROMINENT ETHEREUM ECOSYSTEM FOUNDERS AND LEADERS.

*ELECTRIC CAPITAL TO SERVE AS EXTERNAL ASSET MANAGER FOR ETHZILLA TREASURY

*180 LIFE SCIENCES PLANS UP TO $150 MILLION DEBT OFFERING FOLLOWING PIPE CLOSURE

META IS GOING TO LET JOB CANDIDATES USE AI DURING CODING TESTS

META TOLD EMPLOYEES THAT IT IS GOING TO ALLOW SOME CODING JOB CANDIDATES TO USE AN AI ASSISTANT DURING INTERVIEW

*STRATEGY CLOSES $2.52B STRC IPO, BUYS 21,021 BITCOINS AT $117,256 WITH PROCEEDS

INFINITYHEDGE

WHITE HOUSE OFFICIAL SAYS WEDNESDAY'S CRYPTO REPORT FOCUSES ON REGULATORY FRAMEWORK NOT STRATEGIC BITCOIN RESERVE ACQUISITION PLAN

BIG DAY TODAY: INFINITYHEDGE

*US GDP Advance Q2: Est. 2.4%
*BoC Rate Decision (Est. hold rates)
*US Treasury QRA (what Bessent going to do?)
*FOMC (rates to remain unchanged, Powell vs Trump in Press Conference, powell expected to win)

Earnings:
*META: capex, Superintelligence team update, potential open-source strategy change
*Microsoft: capex, OpenAI partnership update, guidance
*Robinhood: info on Crypto plans & integration

*White House Crypto report on regulatory framework (SBR is not the point of discussion in this report): report is expected to recognize the need for the SEC to develop a framework for tokenization & lay out what the White House would like to see from market structure legislation working its way through Congress. Timing: 2:30PM EST

*Tornado Cash developer Roman Storm Trial
*Ethereum’s 10th anniversary celebration

ICYMI:
*SEC Approved In-Kind Redemptions For BTC & ETH ETFs, EToro Plans to Tokenize Stocks on Ethereum, Samourai Wallet founders plan to change pleas to guilty, Potential 51% attack on Monero by Qubic, Plasma raised $373M in ICO, Interactive Brokers considering stablecoin integration & Kraken Aims To Raise $500M funding at $15B valuation

TRUMP SAYS INDIA WILL BE PAYING A TARIFF OF 25% PLUS ADDITIONAL PENALTY STARTING AUGUST 1 FOR BUYING FROM RUSSIA

*US Q2 GDP ADVANCE: 3% Q/Q, EST. 2.4%

*US SETS QUARTERLY REFUNDING AT $125B, IN LINE WITH ESTIMATES

*TREASURY PROJECTS STEADY NOMINAL AUCTION SIZES FOR AUG-OCT

*US SEES STEADY AUCTIONS FOR `AT LEAST NEXT SEVERAL QUARTERS'

*TREASURY TO DOUBLE FREQUENCY OF LONG-END NOMINAL BUYBACKS

FED LEAVES RATES UNCHANGED

FED GOV. WALLER AND BOWMAN DISSENTED IN FAVOR OF RATE CUT, FIRST TIME IN OVER 30 YEARS TWO OFFICIALS HAVE DISSENTED

FOMC STATEMENT

FED REMOVES LANGUAGE SAYING UNCERTAINTY HAS DIMINISHED

POWELL: TARIFF PASSTHROUGH TO PRICES MAY BE SLOWER THAN THOUGHT

TRADERS NO LONGER FULLY PRICE IN A FED RATE CUT IN OCTOBER

POWELL: WHAT WE SEE NOW IS VERY BEGINNING OF TARIFF INFLATION

POWELL PRESS CONFERENCE SUMMARY:

*POWELL: ECONOMY CALLS FOR MODESTLY RESTRICTIVE STANCE FOR NOW

POWELL: ECONOMY NOT BEHAVING AS THOUGH MODESTLY RESTRICTIVE POLICY IS HOLDING IT BACK

POWELL: EXPECT TO HAVE MORE INFORMATION IN COMING MONTHS

POWELL: ON THE DISSENTS, WHAT YOU WANT IS A CLEAR EXPLANATION AND WE HAD THAT TODAY; PEOPLE THOUGHT CAREFULLY ABOUT THIS AND PUT THEIR POSITIONS OUT THERE

POWELL: GDP WAS RIGHT IN LINE WITH WHAT WE EXPECTED, BUT STILL DIFFICULT TO INTERPRET BECAUSE OF NET EXPORTS SWINGS

POWELL: STATEMENT ABOUT UNCERTAINTY REFLECTS CHANGE SINCE LAST MEETING, IT HAD NOT DIMINISHED FURTHER SINCE JUNE MEETING

POWELL: MANY UNCERTAINTIES LEFT TO RESOLVE; FEELS LIKE THERE'S MUCH MORE TO COME

POWELL: COULD SAY FED LOOKING THROUGH INFLATION BY NOT HIKING

*POWELL: TARIFF PASSTHROUGH TO PRICES MAY BE SLOWER THAN THOUGHT

*POWELL: WHAT WE SEE NOW IS VERY BEGINNING OF TARIFF INFLATION

POWELL: REASONABLE BASE CASE IS SHORT-LIVED TARIFF INFLATION IMPACT

POWELL: CONSUMER SPENDING HAD BEEN VERY VERY STRONG FOR LAST FEW YEARS AND NOW MAYBE IT HAS FINALLY SLOWED DOWN

POWELL: DON'T SEE FISCAL BILL AS PARTICULARLY STIMULATIVE

*POWELL: WE DON'T CONSIDER COST TO GOVERNMENT OF RATE CHANGES

*POWELL: INFLATION IS FURTHER FROM OUR GOAL THAN EMPLOYMENT

POWELL: TOTALITY OF DATA SHOW YOU'VE GOT A SOLID LABOR MARKET

TRADERS PRICE IN LESS THAN 50% CHANCE OF SEPTEMBER RATE CUT

*MICROSOFT 4Q EPS $3.65, EST. $3.37

*MICROSOFT 4Q REV. $76.44B, EST. $73.89B

*MICROSOFT 4Q INTELLIGENT CLOUD REV. $29.88B, EST. $29.1B

*MICROSOFT'S AZURE SURPASSED $75B IN REV. THIS YEAR, UP 34%

*META 2Q EPS $7.14, EST. $5.89

*META 2Q REV. $47.52B, EST. $44.83B

*META SEES 3Q REV. $47.5B TO $50.5B, EST. $46.2B

*META SEES FY TOTAL EXPENSES $114B TO $118B, SAW $113B TO $118B

*META SEES 2025 CAPEX $66B-$72B VS PRIOR $64B-$72B