TRUMP, ASKED ABOUT DEPORTING MUSK, SAYS HAVE TO TAKE A LOOK

(I will post more, but refuse to post the regular stuff like "oooh ETFs are buying, Saylor is buying"

yeah no shit, they are and will continue to do so)

Interesting argument I made people make is that we have a brand new Quarter (Q3) and H2 that could lead to some rebalancing in tradfi portfolios (might explain the BTC & ETH strength today)

happy weekend & see you next week

i reckon the massive bid (on everything) is front-run of "Big Beautiful Bill" vote which Final Vote is early thursday morning (today)

since the bill leads to massive Money BrrRrrr (printing)

https://x.com/saylor/status/1942548308481700128

watching "Bitcoin Treasuries Digital Conference"

(first guy speaking has thick french accent so be careful)

Bitcoin flipped Amazon in Market Cap

Bitcoin is just incredible. Being a stubborn BTC maxi has paid off.

Today there will be Genius Act & Clarity Act vote (one of the two, at least), we are currently in something White House themselves called "Crypto Week"

TLDR: Good for ETH, DeFi, legislation yada

If you have NEVER seen Genius Act or Clarity act
-> run this link thru ChatGPT, just ask it "Explain like im 5"

As for Macro/TradFi, I think we have a bit of "free ride" until July 30th which is FOMC, 31st is PCE and August 1st NFPs

We are also in earnings season, link to bookmark is below for overview

I wonder if some publicly traded company discloses holdings of crypto

https://www.nasdaq.com/market-activity/earnings

I am not a fan as using Trump as source for anything - but

TRUMP: GENIUS ACT WILL BE PASSED TOMORROW, SPOKE TO ALL HOLDOUTS TODAY

-> It has to pass this week, because starting Tuesday there will be a long break until September

Has to pass this week 🙏

Trifecta of who is benefiting from this passing

Circle probably best "indicator"

Tether just minted another 1B $USDT

That's 3B $USDT minted in under 24 hours

If you are interested in Genius act/clarity act vote (later today - expected in 2.5 hrs ish)

Follow Eleanor Terrett (posts on notifications - can unfollow after/if it passes) she does great job reporting in real time

Given how slow the vote was yesterday, I do expect this to pass after many many hours later after voting starts

https://x.com/EleanorTerrett/status/1945900819867701289

Clarity Vote has PASSED 🥳 now vote on Genius Act

unfollowing Eleanor (sorry)!

SBET (Sharplink - ETH treasury company) announced 5b shelf offering (read as: going to buy 5b worth of ETH thru ATM program)

has a meeting on July 24th -> we will know more information about their strategy/approach to accumulating ETH

I think it will be very telling what to anticipate with regards to ETH price action medium-term

if you have nothing better to do with your time on Sunday, here is link to SEC filing

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001981535/000164117225020054/form8-k.htm

on July 31st: Microstrategy earnings - expecting some surprises from Saylor as well regarding new vehicles/products and ponzinomics

SEC APPROVES CONVERSION OF BITWISE 10 CRYPTO INDEX FUND INTO AN ETF (BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, DOT)

GOLDMAN SACHS AND BANK OF NEW YORK MELLON HAVE CREATED THE ABILITY FOR INSTITUTIONAL INVESTORS TO PURCHASE TOKENIZED MONEY MARKET FUNDS, CNBC HAS LEARNED

CLIENTS OF BNY, THE WORLD’S LARGEST CUSTODY BANK, 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 FUND TITANS INCLUDING BLACKROCK, FIDELITY INVESTMENTS AND FEDERATED HERMES, AS WELL AS THE ASSET MANAGEMENT ARMS OF GOLDMAN AND BNY.

Solana Bull-case for Q4 (please read - Q4, not Q3!)

TLDR version: ETFs will get approved in October, more Solana Treasury Companies to prop up & Q4+Q1 crypto seasonality

Longer version: We have all seen what happens to a coin when it gets solid ETF inflows, first with BTC and in last 2 months with ETH (whose majority of inflows came in last few weeks + SBET + Tom Lee & other treasury Cos buying billions worth of ETH)

Despite Crypto Twitter taking victory laps, the real buying pressure comes exclusively from these few entities that actually buy massive size.

As for SOL, the final SEC deadline is October 10th, one of the issuers is Fidelity which is a Juggernaut. Solana was for past few months dealing with significant negative narratives
- FTX/Alameda estate unlock (they are pretty much done)
- Extractive memecoin ecosystem (namely Pump Fun team dumping 1b worth of SOL and recently raising another 1.3b for their ICO?)

Unlocks are done, Pump Fun is dying by every single metric from Volume to Protocol Revenue to their shitcoin being significantly below ICO price (god bless)

Why Q4 and Q3?
Due to August seasonality for TradFi, I suspect we might get a slight pullback in TradFi & BTC over next few weeks which I personally think would only be healthy (as someone who is still very much net-long right now)

That correction, however, I plan to bid pretty hard into Q4 (read as middle of September/ early October), I understand this is a very "far in the distance" prediction so obviously we shall see how things play out. Mind you, BTC is still at 118k but altcoins already nose-dive. I want to buy the blood if BTC actually goes down a few %. The usual bull market correction where BTC goes -10% but alts -30% or more.

So lets say markets do correct a little bit, I want to bet on SOL (or XRP, if you fancy) due to them getting ETFs.

Recent SOL trades:
1) I recently closed my SOL long at 204 (https://x.com/RunnerXBT/status/1947572935054475659)
2) I plan to close my SOL short around 165-175 area (knowing my paperhands, probably at 175)
3) Start looking for longs in low 150s-160s and just scale down (dependant of relative strenght against BTC & BTC PA)
- generally where there will be relevant H4/D1 moving averages and "meme levels"

Thank You for Your Attention to This Matter!