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PCE Inflation 🇺🇸 July.PCE Y/Y: +2.6% (Forecast = 2.6%, Prev = 2.6%).Core PCE Y/Y: +2.9% (Forecast = 2.9%, Prev = 2.8%).

Join millions who have switched to Grok.

US PRELIM Q2 GDP +3.3% (CONSENSUS +3.1%).

US Producer Price Inflation 🇺🇸 July.PPI Y/Y 3.3% (Forecast = 2.5%, Prev = 2.3%).PPI M/M 0.9% (Forecast = 0.2%, Prev = 0.0%).Core PPI Y/Y 3.7% (Forecast = 2.9%, Prev = 2.6%).Core PPI M/M 0.9% (Forecast = 0.2%, Prev = 0.0%).

US CPI steady at 2.7%; core ticks up. July CPI held at 2.7% y/y (vs 2.8% expected) as energy fell 1.1% m/m and groceries dipped 0.1%. Core quickened to 3.1% y/y, the highest since February. Goods detail: household furnishings +0.4% m/m; apparel +0.1%. Stocks opened higher;

US CPI 🇺🇸 July. CPI Y/Y 2.7% (Forecast = 2.8%, Prev = 2.7%). Core CPI Y/Y 3.1% (Forecast = 3.0%, Prev = 2.9%).

Bitcoin reclaims $122,000.

China Moves to Cool Stablecoin Hype.Mainland regulators told brokers and institutes to stop publishing research and cancel seminars pushing stablecoins in late July and early August, citing fraud risks and financial instability. Meanwhile, Hong Kong’s stablecoin regime took

401(k)s Crack Open to Crypto. US Labor Dept has 6 months to re-evaluate rules so 401(k)s can include alternatives—crypto, real estate and private funds—beside stocks/bonds. $12.5T sits in 401(k)s today, heading to $15T in 5 years. Even a 1% crypto allocation would shift >$100B

Trump Taps Miran as Interim Fed Governor—Market Eyes on Politics and Rates. A surprise recess nomination: Stephen Miran, Harvard‑trained economist and current CEA chair, is set to fill the Fed seat vacated by Adriana Kugler through Jan 31, 2026, pending Senate confirmation.

Smooth $9B BTC Exit: Galaxy Digital, Strategy & Trump Media Step Up.Galaxy Digital just executed a historic 80K BTC (~$9B) sale in Q2, one of the largest ever—all absorbed by institutional buyers including Strategy (~21K BTC) and Trump Media (~18.4K BTC). Despite

US PCE Inflation 🇺🇸 (June). PCE Y/Y: +2.3 % (Forecast 2.5 %, Prior 2.3 %). Core PCE Y/Y: +2.8 % (Forecast 2.7 %, Prior 2.7 %).

BlackRock crypto chief Joseph Chalom joins SharpLink Gaming as Co‑CEO from July 24. He brings 20 years’ experience—most notably the $10 billion iShares Ethereum Trust. SharpLink now holds 360,807 ETH (~$1.3 bB) after buying ~80K ETH in one week.

Strategy launches $2.5 B “Stretch” preferred stock offering: .28 million STRC shares at $90, with a 9% annual dividend (~10% yield), dividends paid monthly from Aug 31. Mechanisms keep price near $100, and redemptions available if <25% remain. Settlement: July 29.

Christie’s Launches Crypto‑Only Real Estate Team. Christie’s International Real Estate has unveiled a new division fully dedicated to property deals using cryptocurrencies such as Bitcoin, with no bank involvement. The move follows a $65 million Beverly Hills sale completed

CPI Y/Y 2.7% (Forecast = 2.6%, Previous = 2.4%).Core CPI Y/Y 2.9% (Forecast = 2.9%, Previous = 2.8%).

Bitcoin reaches new all-time high of $119,000.

🔸Bolero—investment arm of a top-3 Belgian bank—will let clients trade BTC & ETH from Q3 after securing a crypto-service license.🔸Palmer Luckey, Joe Lonsdale & Peter Thiel file for a U.S. national charter for “Erebor Bank” to serve crypto firmsAsk ChatGPT.

🔸Ripple seeks a national bank charter and Fed account to bring RLUSD stablecoin under federal oversight and enable after-hours settlement.🔸New SOL-staking ETF from REX-Osprey debuts with $33.9 M volume, far below BTC & ETH ETFs.

🔸U.S. Financial Industry Association opposes tokenized equities, urges SEC to deny legal exemptions for crypto brokers like Robinhood & xStocks.🔸OpenAI disavows the “OpenAI token” on Robinhood—no real equity, no company approval.

🔸U.S. June jobs data turns NEGATIVE for the first time since Mar 2023; President Trump keeps pressuring Powell to resign.📝 Spot ETF flows 02/07.🔸BTC + $407.8M | Fidelity + $184M with 7 others; BlackRock inactive.🔸ETH – $1.6M | BlackRock – $46.6 M; Fidelity + $25.8M.