⏫ CRYPTO ™

Believe in yourself!
$ilikecrypto

[The Kobeissi Letter @KobeissiLetter]

Key Events This Week:

1. ADP Employment Change data - Tuesday

2. Tesla, $TSLA, Alphabet, $GOOGL, Report Earnings - Wednesday

3. Initial Jobless Claims data - Thursday

4. Intel, $INTC, Reports Earnings - Thursday

5. July S&P Global Manufacturing PMI data - Friday

6. July New Home Sales data - Friday

Earnings season is officially in full-swing.

[Elon Musk @elonmusk]

@PeterDiamandis I said SpaceX will be worth more than Earth if we achieve our goals.

Obviously true.

[DonAlt @DonAlt]

The ultimate paid group
Trump is the perfect CT grifter

He's launched multiple NFTs
A meme coin
A "utility" coin
And now a paid group

And all of that in one cycle
Impressive really

[unfolded. @cryptounfolded]

FTX will distribute roughly $900 million to creditors starting July 31 as its fifth payout wave, with funds arriving in three business days via BitGo, Kraken, or Payoneer. This follows the $2.2 billion March distribution and brings total repayments since 2025 to nearly $10 billion.

The move advances bankruptcy resolution for convenience and non-convenience classes, with retail creditors set to recover 118-142% of 2022 claim values. It underscores steady estate progress but highlights criticism over non-in-kind asset returns rather than direct crypto restitution.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: SpaceX, $SPCX, is in talks to provide compute power to the US Pentagon, per WSJ.

The two sides are reportedly discussing an agreement which would cost up to “several billion Dollars.”

[Eleanor Terrett @EleanorTerrett]

The @FinancialCmte will hold a field hearing at 10 AM ET in New York examining how the Clarity Act could unlock innovation. The hearing is informational and does not affect the Senate’s consideration of the bill.

Meanwhile, updated legislative text remains elusive following yesterday’s meeting between President Trump and Senate Republicans on ethics.

Industry leaders tell me they’re now preparing for the rollout of text to slip into next week.

[Kris @kris]

Thrilled to announce our first institutional funding round with a $400 million strategic investment from Citadel Securities valuing https://t.co/dwRH3Ycaul at $20 billion. An incredible milestone 10 years in on our journey and the beginning of a new phase of growth. Grateful to our team who got us here, our customers and community who supported us in both bull and bear and finally to our new partners for their trust. Together we will capture new opportunities at this critical juncture for the industry and win. Onwards!

[Watcher.Guru @WatcherGuru]

JUST IN: Citadel Securities invests $400 million into cryptocurrency exchange Crypto․com at a $20,000,000,000 valuation.

[Coinbase 🛡️ @coinbase]

Asked @cobie if he wants to run the Coinbase account too.

[Watcher.Guru @WatcherGuru]

JUST IN: Visa launches new platform to provide crypto stablecoin services to over 200 million merchants.

[Elon Musk @elonmusk]

Grok Build is now open source

[Kraken @krakenfx]

WE'RE GIVING AWAY 2 TICKETS TO THE #FIFAWORLDCUP 2026™ FINAL 🏆🏟️👀

1. Follow @KrakenFX
2. Repost this post

24 hours only. Winner will be contacted via DM. Keep them open. You'll have 2 hours to respond or we'll redraw.

T&Cs apply. Good luck!!

[Market Bubble @MarketBubble]

JUST IN: @cobie to take over management of Base app

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 President Trump to meet with US Senators tomorrow to discuss Crypto Clarity Act.

[Neeraj K. Agrawal @NeerajKA]

CLARITY hearing Friday 👇

[Eric Balchunas @EricBalchunas]

Vanguard. BlackRock, JPM and more to participate in trial run of tokenized securities led by the DTCC, starting with $MSFT, $QQQ, $SPY $SHV with a formal program launching in October. DTCC will use off both the current way and tokenized options via @Vlajournaliste

[Eleanor Terrett @EleanorTerrett]

🚨🧵NEW: Pulse check on the Clarity Act after a flurry of developments over the past 24 hours.

Here’s the latest:

Industry sources tell me updated Clarity Act text could drop soon, though they’re also preparing for it to slip to later this week as ethics negotiations continue.

[Eleanor Terrett @EleanorTerrett]

It’s a “critical week” for the Clarity Act, says White House Crypto Council Executive Director Patrick Witt, as the crypto industry prepares to mark the one-year anniversary of the GENIUS Act becoming law.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 President Trump calls for the Senate to pass the crypto Clarity Act.

[The Kobeissi Letter @KobeissiLetter]

Key Events This Week:

1. Markets React to Strait of Hormuz Closure - Today, 6 PM ET

2. June CPI Inflation data - Tuesday

3. June PPI Inflation data - Wednesday

4. June Retail Sales data - Thursday

5. July Philly Fed Manufacturing Index - Thursday

6. July MI Inflation Expectations data - Friday

7. July MI Consumer Sentiment data - Friday

8. ~10% of S&P 500 Companies Report Earnings

We have a highly eventful week ahead of us.