Google AI announcement expected (gold medal at IMO)
Tue/22:
Powell remarks on capital framework for large banks (8:30am)
Fed Bowman fireside chat with Sam Altman
UK Chancellor R. Reeves appears before the House of Lords Economic Affairs Committee.
U.S. Digital Asset Markets Working Group expected to release first crypto policy report: May include recommendations on funding a strategic Bitcoin reserve
Wed/23:
Trump’s speech on AI priorities at “Winning the AI Race” event
Jack Dorsey's Block will be added to S&P 500
Google, Tesla, IBM earnings
Thu/24:
EU-China summit
ECB interest rate decision
U.S. Jobless Claims, New Home Sales
Fri/25:
China's largest AI conference (Huawei’s hypernode, Unitree, deepseek?, Alibaba, Tencent, etc)
TBA/Whole Week: U.S. Earnings week, AI week
What Happened:
Crypto:
Joe Lubin-backed SharpLink Gaming moves to sell $5 billion more worth of common stock to fund ETH purchases
Strategy acquired 4,225 BTC, now holds 601,550 BTC
Crypto Asset Manager Grayscale Files Confidentially for US IPO, Nasdaq submits SEC filing to add staking to BlackRock's ETHA Ethereum ETF,
Standard Chartered launches crypto trading for clients, bitcoin and ether trading
Peter Thiel’s Founders Fund Holds 9.1% Stake in Ether Treasury Company BitMine
Kraken, via Ink, will offer onchain loans to their users through a white-labeled Aave market operated by Ink.
The Ether Machine plans to Hold Over $1.5B in Ether, It will be backed by a group of crypto investors including exchanges Kraken and Blockchain .com contributing more than $800 million in equity financing at $10 a share, Sources Say — WSJ
SEC’s Atkins Says Changes to 401(k) Plans Must Be Reviewed Carefully
What Bloomberg Economics Says...“While the soft CPI might appear to boost the odds of a September rate cut, we expect a hot June print for the Fed’s preferred inflation gauge — the core PCE deflator, due out July 31. PCE prints may stay elevated all summer, reflecting lagged effects of the equity-market rally since mid-April.”
Average trading volume for high-yield bonds (Junk Bonds) has hit a record $17.1 billion a day so far this year, according to JPMorgan analysts.
JPMorgan is expanding its research—to private companies.
India’s SEBI Allows Jane Street to Resume Trading, Report Says
Other:
Mark Zuckerberg said the company is building several massive data centers to power its artificial intelligence efforts with the first one expected to come online next year. Zuckerberg wrote that the first data center is called Prometheus and is coming online in '26, and that the company is building multiple more titan clusters. Also Meta hired Mark Lee and Tom Gunter, a pair of key artificial intelligence researchers who worked at Apple for its Superintelligence Labs team.
Google to invest $25 billion in data centers and AI infrastructure across largest U.S. electric grid
