Here’s your 2-minute no-fluff roundup of what actually matters:
💰 Tesla’s Bitcoin Hits $1.2B After Rule Change
Tesla’s BTC stash surged in value as Bitcoin rallied 30%, now worth $1.2B.
The driver? A new FASB rule allowing companies to mark digital assets to market each quarter.
➡️ With 11,509 BTC, Tesla is now the 10th-largest public holder.
➡️ Q2 earnings: $0.40 EPS, in line with estimates.
📉 Market Pullback or Next Leg Up?
• $BTC around $117,959
• $ETH at $3,620
• SOL (-6%), XRP (-8%) cooling off
Meanwhile, global M2 money supply trends continue to back the long-term Bitcoin breakout thesis.
📜 Regulation Watch: Key Week Ahead
• Crypto Working Group report drops July 30 — could mention Strategic Digital Reserves
• U.S. Senate draft bill aims to modernize crypto: ICOs, token oversight & securities law in focus
• KeyBank joins Fidelity & BlackRock in launching spot crypto custody and trading
Regulatory clarity is finally turning real.
🏦 Institutions Are Coming — For Real
• 84% of GPs/LPs are optimistic about crypto
• 85% plan allocations in 2025
Fueling this shift: infrastructure, product-market fit & regulatory momentum
Fidelity just upgraded its BTC ETF to allow in-kind settlements — moving Bitcoin, not just dollars.
🔥 Solana: The Quiet Contender
• Joe McCann is raising $1B for a Solana-focused treasury firm after closing his previous fund
• Solana TVL is nearing ATH — a signal of renewed DeFi inflows
• Could spark a major capital rotation
Corrections don’t kill bull markets — they reset them. Stay sharp. 📈