πΊπΈπ #macro Powell continues:
- Slowing labor market led to rate cut;
- After the rate cut, the Fed is "in a good place"
- At the next meeting, we will look at the labor market and inflation growth data to determine if policy is being implemented correctly;
- We can't say the labor market is solid now;
- Interest rate remains at a high level.
- Slowing labor market led to rate cut;
- After the rate cut, the Fed is "in a good place"
- At the next meeting, we will look at the labor market and inflation growth data to determine if policy is being implemented correctly;
- We can't say the labor market is solid now;
- Interest rate remains at a high level.
π°πββοΈ Cryptocurrency venture capital firm Archetype launches $100 million fund to back blockchain startups. coindesk
Crypto Pro Updates
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π΅οΈββοΈ #ASTER From Gate withdrew 24 million ASTER worth >$46.5 million
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π Top #DePIN projects without own token (yet)
Track them now for testnets, partners, and potential early-user rewards
Track them now for testnets, partners, and potential early-user rewards
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ββπ #BNB YZi Labs denied the news about the planned involvement of external investors
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β #FTT FTX Recovery Trust filed a lawsuit in the U.S. Bankruptcy Court for the District of Delaware against Genesis Digital Assets, seeking the return of approximately $1.15 billion in assets allegedly invested in BTC and illegally transferred by Sam Bankman-Fried (SBF) using commingled and misappropriated FTX customer funds.
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π #BTC CQ: Quarterly correlation Bitcoin vs Gold is a background sentiment indicator for the market.
Currently Signal: Risk-Off (BTCπ, Goldπ). When correlation is > 0, BTC and Gold move in the same direction.
Currently Signal: Risk-Off (BTCπ, Goldπ). When correlation is > 0, BTC and Gold move in the same direction.
π½π CFTC: Stablecoins will be used as collateral in US derivatives markets. #stablecoin
π°π€ #USDT Tether plans to raise $20 billion and reach a $500 billion valuation.
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ππ #BTC social sentiment shows rising FUD with more mentions of $70K-$100K drops. Fewer calls for $130K-$160K surges indicate contrarian buy signal.
π΅οΈββοΈ Over 30,000 #BTC ($3.39B at $113K) were moved to exchanges at a loss as short-term holders capitulate.
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π£ #BTC Michael Saylor says Bitcoin will be 10X bigger than gold. Would put Bitcoin at $12M per coin.
π€ #FTT The SBF account tweeted "GM" and later clarified that it wasn't SBF personally posting, but a friend of his.