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FOMC STATEMENT

FED REMOVES LANGUAGE SAYING UNCERTAINTY HAS DIMINISHED

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INFINITYHEDGE

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

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infinityhedge

*DOJ TOLD TRUMP IN MAY HIS NAME IN EPSTEIN FILES: WSJ

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infinityhedge

GOLD UP 1.4%
BTC DOWN 0.4%
SPX DOWN 0.8%
DXY DOWN 1%

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infinityhedge

SILVER HITS 14-YEAR HIGH

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TESLA DOWN 7.5% PREMARKET

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infinityhedge

MUSK: TODAY, THE AMERICA PARTY IS FORMED TO GIVE YOU BACK YOUR FREEDOM

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The Week Ahead: infinityhedge

Mon:
*China manufacturing PMI, non-manufacturing PMI
*Saylor expected to announce another BTC purchase
*Singapore: Crypto exchanges serving only overseas customers to cease activities
*Bybit to launch testnet for Byreal (its own Solana-based DEX)
*ETHCC(June 30-July 3rd): fireside chat with Robinhood Crypto GM, vitalik, Offchain Labs at 7:45pm CEST (infinityhedge: Something big is surfacing, expected(speculations) new l2, even tokenizes stocks)

Tue:
*Fed Chair Powell Speech at 09:30 AM
*ISM Manufacturing PMI
*JOLTs Job Openings
*‘K-Scale Labs’ to start shipping open-source Personal Robots at $8,999.

Wed:
*Tesla expected to release Q2 vehicle sales figures
*Vitalik's Annual EthCC talk

Thu:
*Non Farm Payrolls
*ISM Services PMI
*U.S. Markets close early ahead of Independence Day

TBA/Whole Week: TradeFi: Vote on Big Beautiful Bill(Advances in Senate, debate on tax cut bill, also Bessent asked Congress to drop Sec 899), another round of musk vs trump?, trade deals?, “Liberation Day” tariffs resume

*More about the week Ahead and What Happened last week:
https://infinityhedge.substack.com/p/the-7-days-f81

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infinityhedge

U.S. EVACUATED AMERICAN DIPLOMATS AND THEIR FAMILIES FROM ISRAEL TODAY

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infinityhedge

IRAN'S SENIOR ARMY COMMANDER CALLS ON ISRAELIS TO EVACUATE HAIFA AND TEL AVIV IMMEDIATELY: IRANIAN MEDIA

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infinityhedge

*ISRAEL MILITARY DETECTS MISSILE LAUNCHES FROM IRAN TOWARDS ISRAEL

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infinityhedge

The Week Ahead: infinityhedge

Mon:
*Saylor expected to announce another BTC purchase
*The Trump Organization’s “Not our average” announcement

Tue:
*BoJ Interest Rate Decision (expected to keep rates on hold)
*U.S. Senate set for final vote on the stablecoin bill ‘GENIUS Act’ (if pass, will move on to the House of Representatives for further voting)

Wed:
*U.S. Jobless Claims
*U.S. Fed Interest Rate Decision (expected to keep rates on hold), Economic Projections, Press conference
What Bloomberg Economics Says:

Amid the uncertainty, the FOMC considers the optimal path is to stay put. We expect the median participant to signal just one 25-basis-point cut in 2025, down from two earlier this year — and a sizable minority may see no cuts at all. That’s a big gap from market pricing, which still leans toward 50 bps. Powell will try to thread the needle, acknowledging softer data but stressing the Fed is in ‘wait-and-see’ mode amid policy uncertainty.


Fri:
*China Interest Rate Decision
*Paris Air Show opens

TBA/Whole Week:
TradeFi: Israel vs Iran, unilateral tariff rates, Trade deals ?
*Crypto: Continued discussion around crypto bills

*More about the week Ahead and What Happened last week:
https://infinityhedge.substack.com/p/the-7-days-346

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infinityhedge

SHAHRAN OIL DEPOT IN WEST TEHRAN PER REPORTS

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infinityhedge

U.S. DEFENSE SECRETARY HEGSETH HAS AUTHORIZED THE VOLUNTARY DEPARTURE OF MILITARY DEPENDENTS FROM LOCATIONS ACROSS THE MIDDLE EAST

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infinityhedge

TESLA SHARES EXTEND LOSSES, LAST DOWN 8.2%

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infinityhedge

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

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infinityhedge

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

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infinityhedge

TRUMP IS PREPARING TO OPEN THE $9T US RETIREMENT MARKET TO CRYPTO, GOLD, AND PRIVATE EQUITY

TRUMP IS EXPECTED TO SIGN AN EXECUTIVE ORDER AS SOON AS THIS WEEK THAT WOULD OPEN UP 401K PLANS TO ALTERNATIVE INVESTMENTS BEYOND TRADITIONAL STOCKS AND BONDS

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infinityhedge

NVIDIA EXPECTS LICENSE TO SELL H20 GPU TO CHINA AGAIN

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infinityhedge

PUMP[.]FUN ICO ON JULY 12, 14:00UTC

*Price: $0.004
*Sale Cap: 150B Tokens ($600M)
*FDV: $4B
*Total Supply: 1T
*ICO Tokens Unlock on day1
*Restricted Regions: US & UK
*Exchanges For ICO: Bybit, Kraken, and others
*Binance will launch PUMPUSDT Perpetual Contact Pre-market Trading on July 10 (7:30 UTC)

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BINANCE'S CZ: "IF IT (TON GOLDEN VISA NEWS) IS REAL, WE WILL DEFINITELY TRY TO GET IT ON BNB TOO."

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OPENAI: “OPENAI TOKENS” ARE NOT OPENAI EQUITY; DID NOT PARTNER WITH ROBINHOOD, WERE NOT INVOLVED IN THIS, AND DO NOT ENDORSE IT

OPENAI: ANY TRANSFER OF OPENAI EQUITY REQUIRES OUR APPROVAL—WE DID NOT APPROVE ANY TRANSFER.

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infinityhedge

Iran is open to talks with the U.S., a senior diplomat says, even as the supreme leader rejects the idea: NYT

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infinityhedge

IRAN'S SUPREME LEADER KHAMENEI TO U.S.: THEY SHOULD KNOW THAT IRAN WILL NOT SURRENDER AND ANY U.S. STRIKE WILL HAVE SERIOUS IRREPARABLE CONSEQUENCES

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infinityhedge

CHINESE EMBASSY IN ISRAEL ADVISES CHINESE CITIZENS TO LEAVE ISRAEL THROUGH LAND BORDER CROSSINGS AS SOON AS POSSIBLE

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infinityhedge

*TRUMP ORGANIZATION WILL LAUNCH PHONES MADE IN AMERICA

*TRUMP ANNOUNCES PLANS TO LAUNCH NEW WIRELESS BRAND TRUMP MOBILE

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infinityhedge

ISRAEL ATTACKED FUEL STORAGE TANK SOUTH OF TEHRAN: IRAN'S SHANA

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infinityhedge

US STATE DEPT: U.S. CITIZENS SHOULD NOT TRAVEL TO IRAN FOR ANY REASON AND SHOULD DEPART IRAN IMMEDIATELY

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infinityhedge

*LUTNICK : WE ARE NOT GOING TO GIVE CHINA OUR BEST CHIPS

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infinityhedge

MUSK: WITHOUT ME, TRUMP WOULD HAVE LOST THE ELECTION

Such ingratitude

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