📈Ithaca Protocol Market Update 

► Weak CPI, 4 months in a row, no impact from tariffs yet; 2 cuts now priced this year

► BUT crude oil + 5% as ‘ less confidence on Iran deal ‘ and Israel chomping at the bit for a strike; US embassy partial evacuation in Baghdad

► Bessent makes the case for a 2trln stablecoin market and his plans / hopes to leverage this to extend dollar dominance 

► Casey Newton making the case for ‘ pro-athlete ’ type hires at Meta for ‘ AGI Development ’

► US / China deal verdict ‘ weaker than expected ’ with China holding more cards than the administration was giving them credit for; July 9th looming as a headline now for fresh derisking ahead of it