U.S. CPI just came in:

Forecast:

CPI y/y: 3.6%
CPI m/m: 0.3%

Core CPI y/y: 4.1%
Core CPI m/m: 0.3%

Actual:

CPI y/y: 3.7%
CPI m/m: 0.4%

Core y/y: 4.1%
Core m/m: 0.3%

With Core CPI being at expectations we should see a bullish continuation in traditional stocks for now.

SEC has decided to accept and to move forward grayscale spot bitcoin etf.

Doesn’t mean it’s accepted
Still Bullish news

ETF IS APPROVED

JUST NOW

iShares from BlackRock

Be careful apparently this could be fake news even though there are sources

Someone is lying

Cointelegraph spreaded fake news. Statement from the SEC is pending for the legitmency of the etf

REMINDER: CELESTIA AIRDROP UPDATE

If you followed our airdrop guide you are certainly eligible!
Depending oh how much you played around with L2 networks and testnets you get more or less coins.

The claiming window for the Celestia airdrop has been extended until 8 AM UTC on October 18th.
You now have an additional 13 hours to claim the airdrop if you haven't already done so.

Currently, only 175,000 claims (30% of the total 584,232) have been secured.

Check this page and follow the steps there:
https://genesis.celestia.org

You can check your address without an wallet, to claim you need your Metamask or Kepler wallet installed.

It's official, the ECB has concluded it's two year "investigation phase" of the digital euro (CBDC) and decided to move to the next phase of the project.

This next phase will last again two years and was renamed from a "realisation phase" to a "preparation phase".

Ultimately, the EU's legislative bodies - the EU Parliament & the Council of the EU (EU member states) - will decide whether a digital euro will be launched or not.

A legislative process is currently ongoing and discussions on the EU Commission proposal have already started, but it will probably take some time (until after the EU elections in June 2024) until the EU institutions will vote on the topic.

What CBDC means is hopefully known to you…
Nothing good that’s for sure.

Over the years we have learned being flat is comfy AF. Measured dry powder available for when stuff gets frothy (plenty of time during the froth to enter) or when shit absolutely nukes for no reason and is heavily oversold just to buy spot.

Capitalising well on those few opportunities > being exposed all the time.

The mental toll it takes to constantly monitor positions and fight yourself doesn't weigh against laughing after a nuke buy and it doing 100% over several weeks. When you are thinking "omg how much worse can it get" buy. (NFA)

Sitting on your hands is the biggest skill you can develop as a trader. If you REALLY believe in something, accumulate it passively but have an exit strategy and NEVER EVER buy more than you can afford to lose.

And we mean, not even a day of sadness, a shrug, cup of coffee and move on.

So BTC went past the yearly high.
Overall everything seems bullish.

From a trading perspective this is a liquidity grab above the previous high. Eating everyone with an SL above it. Should go lower now theoretically.

CME gap is at 29.6XX

HOWEVER from a narrative perspective it’s bullish and strong (only crypto not tradfi).

With upcoming catalysts being:

1) BlackRock having to buy BTC on behalf of investors
2) The actual ETF release on traditional markets
3) Halving coming in approximately 164 days.


Let’s see how this plays out.

Public funds saw a $43m inflow into bitcoin today, that's 10% of the YTD total in one day!

And that’s why you are cautious with news.

The current FUD is actually not really a problem.
That a ticker is removed on the DTCC just makes sense if the product is not available yet.

We need stronger FUD like a delay or wording “not this year”/ macro crash to actually cause a news driven sell off.

BlackRock DTCC went back on the website. Huge manipulation dump and pump