MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

Economists surveyed by Reuters expect the U.S. headline CPI annual rate to fall to 3.4% in July from 3.5% in June, while the core CPI annual rate will drop to 2.5% from 2.6% last month. Citigroup economists argue that, as anticipated, if inflation readings soften for the second consecutive month, it will signal more than one month of cooling inflationary pressures, effectively ruling out the possibility of a September interest rate hike. However, economists also forecast that core services inflation in July will rise slightly, with prices increasing 0.3% month-on-month, after being flat from May to June. Bank of America analysts note that the rebound in the core services metric could keep a September rate hike on the table. Analyst Kate Duguid said that if the latter view prevails and inflation data comes in below expectations, the Federal Reserve may delay a rate hike until December or later. (Jin10)

According to HTX market data, Bitcoin has broken through the $65,000 mark, with a 0.05% increase in the past 24 hours.

Strategy founder Michael Saylor has once again shared updates related to Bitcoin Tracker, with the caption "Doing Business." Per historical patterns, Strategy usually discloses its Bitcoin purchase news the day after such posts. However, the firm has not increased its Bitcoin holdings recently; instead, it sold 1,637 BTC last week, bringing its total holdings down to 842,138 BTC.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that the newly created wallet 0x615…d69d5 transferred 2 million USDC as margin, then opened a 4x leveraged long position of 10,962.78 XMR at an average entry price of $383.23. The position is valued at approximately $4.18 million, making it the second-largest XMR position on Hyperliquid, accounting for 10.5% of the platform’s XMR open interest. Additionally, the address has placed limit buy orders totaling $1.082 million in the $378.2 to $381.4 range, and will add to its position if XMR’s price drops.

Silicon Valley investor and co-host of *The All-In Podcast*, David Friedberg, said Starlink alone could generate roughly $40 billion in annual revenue, with most of that converting to free cash flow—potentially hitting $30 billion in free cash flow within a year—and Starlink’s market value could reach $1 trillion in 18 months. Elon Musk responded that Starlink’s potential is “far more than that.” As AI and robotics advance, bandwidth demand will surge, with their data transmission needs being orders of magnitude higher than humans’. Even if the communications market only doubles in size, Musk forecasts Starlink will capture at least 25% of the market outside China, corresponding to annual revenue exceeding $500 billion. Long-term, Starlink could carry over 50% of global internet traffic, with annual revenue potentially surpassing $1 trillion, and no obvious barriers to achieving this have been identified so far.

Crypto KOL Ansem recently posted that PUMP’s price was $0.001675 when he first wrote about it, and stood at $0.002544 as of his latest update. He forecasts that PUMP will return to its all-time high and rally further. Ansem’s investment thesis is that PUMP ranks among the three most profitable projects in the crypto industry, holding $2 billion in cash. Due to market bias against tokenization, its circulating market cap is around $1 billion, translating to a price-to-earnings ratio below 2.8x. Meanwhile, rising on-chain activity will benefit PUMP. He notes that if tokens issued on its platform deliver leading returns to retail investors in the next cycle, the adoption of its mobile app will provide an additional boost. Ansem projects that PUMP will enter the top 10 by crypto market capitalization within two years.