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

both Amazon and Apple mega Beat

*APPLE 3Q EPS $1.57, EST. $1.43
*APPLE 3Q REV. $94.04B, EST. $89.3B
*APPLE 3Q IPHONE REVENUE $44.58B, EST. $40.06B
*APPLE 3Q GREATER CHINA REV. $15.37B, EST. $15.19B

*AMAZON SEES 3Q NET SALES $174.0B TO $179.5B, EST. $173.24B
*AMAZON 2Q EPS $1.68, EST. $1.33
*AMAZON 2Q AWS NET SALES $30.87B, EST. $30.77B
*AMAZON 2Q OPER INCOME $19.17B, EST. $17B

Strategy (MSTR) Q2 earnings call will be Livestreamed - here is link to it 🫡

Starts in 7 minutes

https://www.youtube.com/live/Jez7rIVeClE

Live now (sorry for spam, busy days)

holy shit SOL @ 160 already

dipping my toes in - tiny position for now

exiting that long at 204 doesnt look so gay anymore hmm (i got so many DMs calling me names)

not doing victory laps just yet but man, does it feel good when billionaires take a weekend off

then show up on Monday US Open and send it all higher (ETFs & TradFi & TreasuryCo’s)

dev talking about price - bearish

Good day in the Stock Market (Dow + 585.06, 1.34%, S&P 500 + 91.93, 1.47%, NASDAQ + 403.45, 1.95%), but there will be many more days like this. America is very rich again, and stronger than ever before. Thank you for your attention to this matter!

Huge

relevant context is that this will take many months and possibly 1-2 yrs to be “live” (fully finalized & launched)

regardless, this is imo one of biggest pro-crypto headlines we have seen in years

TLDR: 401ks great but will take a bit of time

we will get to dump on seniors/retirees/boomers

cute :3

I will be taking profits on my longs probably today/tomorrow (before weekend)

very solid intra-week moves captured & will see how market reacts to next weeks CPI print

we were blessed with incredible amount of good headlines & tradfi pretty much at ATH again

TradFi back to All-Time-Highs
VIX 15-16 handle, DXY back 97-98 handle

Feels like every bad or good headline in macro leads to tradfi pushing significantly higher

I am taking profits on my pretty much bottom buys as per this TG chat. Trump is signing the 401k EO in a bit.

Happy weekend

I already regret taking profit...

Trump putting his "people" into FED (Miran) & forcing Tech Giants into "Pay to play" model

Will see if I can get positioned again around CPI, if not ill cry "only being 100% spot long BTC"

Whilst ETH, does seem like a much better option with tens of billions of dollars of buying pressure for ETH

To put some numbers in perspective

3.2% of all ETH was purchased by ETFs & Treasury companies in past few weeks & almost 30% of all ETH is staked === it does not take a lot of money to move ETH upwards violently.