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!

Recent SOL trades:
2) SOL short - good enough, will look for longs if BTC actually loses that little consolidation its been past 14D

Happy weekend

TRUMP CONSIDERING STIMULUS CHECKS FOR LOW INCOME AMERICANS: PRESS POOL

(Pump Fun token holders are qualified)

WHITE HOUSE DIGITAL ASSET REPORT WILL BE PUBLICLY RELEASED THIS WEDNESDAY

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

Saylor Average price moved 71750 to 73277

Really big day today, expecting a lot of volatility & headlines

A very smart decision to "sit this one out" if you dont have much experience daytrading

also Tariff deadline coming up, NFPs and PCE

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 (not SBR)
*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

NASDAQ new ATH

*MICROSOFT 4Q EPS $3.65
*MICROSOFT 4Q REV. $76.44B, EST. $73.89B
*MICROSOFT 4Q INTELLIGENT CLOUD REV. $29.88B, EST. $29.1B

FOMC & GDP nothingburger, markets fully recovered any and all intraday dips, white house report on crypto released

cue the "nothing ever happens meme"

*META 2Q EPS $7.14, EST. $5.89
*META 2Q REV. $47.52B, EST. $44.83B

a busy day yesterday, but a little more coming up Today & Tomorrow

Thursday 31st: USA PCE & Apple + Amazon earnings

Friday August 1st: USA NFPs MSTR earnings + Tariffs deadline

I think the usual "slowdown" in ETF inflows to BTC/ETH is normal before such hectic week, if these events are nothingburger (like they are 95% of the time), i expect them to return on Monday onwards

(apparently due to my Telegram room being "popular") Telegram (the app itself) decided to sometimes show you some Ads

I want to make it crystal clear I do not need 5-10-15 USD per month in their "50/50% fee split program", but also I cant turn off these Ads unless I reach "level 50" which ... requires me to pay lol

Michael Saylor:
Most important event in history of Strategy (later today)

https://x.com/saylor/status/1950889350683906293