Biden drops out of the presidential race and endorses Kamala Harris to replace him as nominee.

> Bill and Hillary Clinton endorse Kamala Harris.
> Obama says for now just want to express gratitude to Biden.
> Harris says she intends to win democratic nomination.
> "Biden for President" campaign committee has officially renamed itself to "Harris for President."

Musk updated his 𝕏 (Twitter) profile picture to laser eyes.

MtGox BTC: Bitstamp possibly next in line after Kraken's recent transfer: Report

> 40 min ago: MtGox made a test txn to a new address and to Bitstamp, hinting at possible payout.

The Week Ahead: July
Olympics: July 26 to August 11

Macro:
> Earnings: Tesla and Google on 23
> BoC Interest Rate Decision on 24
> U.S. GDP & Jobless Claims on 25
> U.S. PCE on 26

Crypto:
> Spot ETH ETFs are expected to be approved for trading on 23
> Russia plans vote on law allowing crypto for international trade payments on 23
> Asia’s First Inverse Bitcoin ETF by CSOP will list on Hong Kong Stock Exchange on 23
> Avail Mainnet on 23
> Illuvium official game launch on 25
> Bitcoin 2024 Event: Nashville July 25-27: Donald Trump Keynote at 7PM UTC on 27

Unlocks:
> $ALT: 42%: $105M on 25

Rumors:
> Trump might announce Bitcoin as a strategic reserve asset at Bitcoin Conference
> Musk might attend Bitcoin conference
> XRP-SEC settlement rumours based on SEC Closed-door meeting set for July 25.

*More info/charts in comments 👇

Nancy Pelosi endorses Kamala Harris for president

> schumer, jeffries to endorse harris as soon as today: CNN

Spot Ethereum ETFs get final sign off to begin trading Tuesday: TheBlock

Grayscale deposited 292k ETH worth ~$1B to Coinbase Prime

Now Coinbase sending grayscale ETH to different wallets in batches of 15k ETH

likely seed capital for Grayscale ETH Mini Trust, corresponds to ~10% of ETHE AUM: foobar

BlackRock: "Our clients are increasingly interested in gaining exposure to digital assets through exchange-traded products (ETPs) which provide convenient access, liquidity and transparency".

“Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries.”

MtGox moved BTC
> 37.4K BTC to 15yPUC (new wallet, Bitstamp?)
> 5.1k BTC to 1JbezD (MtGox)

MtGox moved 5.1k BTC ($340M) to Bitstamp exchange

Kamala Harris leads Donald Trump 44% to 42% in the national poll, a difference within the 3% point margin of error: Reuters/lpsos

> Harris and Trump were tied at 44% in a July 15-16 poll, and Trump led by 1% point in a July 1-2 poll, both within the same margin of error.

> Zerohedge on Reuters poll:
*Democrats surveyed: 426
*Republicans surveyed: 376
*As a reminder, this is why ALL Reuters/Ipsos polls in 2016 were wrong: they oversampled Democrats by 4-6%.

Spot ETH ETFs hits $1B in trading volume.

> Spot BTC ETFs did $4.6B in Volume on day one.

Earnings 2Q:

GOOGLE:
> REV. $84.74B, EST. $84.37B
> AD REV. $64.62B, EST. $64.53B
> CLOUD REV. $10.35B, EST. $10.09B
> EPS $1.89, EST. $1.84

TESLA:
> REV. $25.50B, EST. $24.63B
> ADJ EPS 52C, EST. 60C
> OPER INCOME $1.61B, EST. $1.81B
> FREE CASH FLOW $1.34B, EST. $1.92B
> TESLA NET PROFIT DOWN 45%

Bitcoin Conference Organizers are in talks with Kamala Harris team for her to speak at the event.

BlackRock's $500M Tokenized Fund Pitches for Ethena's RWA Investment Plan: Coindesk

S&P 500 streak without a 2% drop finally ended today after 356 days (longest streak since 2007) as it dropped 2.5%.

> U.S GDP (QoQ) (Q2) ACTUAL: 2.8% VS 1.4% PREVIOUS; EST 2.0%

*U.S INITIAL JOBLESS CLAIMS ACTUAL: 235K VS 243K PREVIOUS; EST 238K
*U.S CONTINUING JOBLESS CLAIMS ACTUAL: 1851K VS 1867K PREVIOUS; EST 1868K

VanEck's Bitcoin Price Scenario by 2050: report: July 24, 2024

2050 Price Targets:
Base case: $2.9M
Bear case: $130k
Bull case: $52M

A wallet linked to Ethereum Foundation (as per Arkham AI) moved 92K ETH after 7 years.

> WALLET IS NOT AN ETHEREUM FOUNDATION WALLET: TheBlock