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Key TakeawaysThe House Financial Services Committee has set July 14 and July 17 hearings touching Fed policy and the CLARITY Act.Fed Chair Kevin Warsh will testify July 14, sharing the spotlight with the crypto market-structure push.Lummis is targeting a Senate floor... 
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Key TakeawaysCrypto liquidations topped $700 million on Tuesday as bitcoin fell under $62,000, wiping out June 22 gains.Long positions made up 80% of total losses, hitting bitcoin and ethereum for a combined $369 million.Analysts predict a nested bear flag structure... 
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Key TakeawaysWarsh testifies July 14 before the House Financial Services Committee, his first appearance as Fed chair.His debut policy meeting held rates at 3.5%-3.75% on June 17 in a 12-0 vote.Traders price a 49% chance of a September hike as crypto reacts to... 
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Key TakeawaysSpaceX (Nasdaq: SPCX) fell 16% yesterday to $154.60, a three-day loss of 23%.Musk’s net worth dropped about $150 billion in a day, leaving him worth roughly $1 trillion.Ark Invest bought 210,121 SPCX shares worth $32.5 million, betting on the dip. A... 
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Key TakeawaysThe Senate passed the ROAD to Housing Act 85-5 on June 22, banning a Fed CBDC through 2030.The measure bars the Federal Reserve from issuing a digital dollar directly or through intermediaries.The House could vote as soon as Tuesday, sending the bill to... Translate »
