Powell Speaks, Markets Soar
Powell’s Jackson Hole speech opened the door to a September cut, stating “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” The speech somewhat framed tariffs as a one-time price shock and flagged rising downside risks to jobs. Crypto, the alts, and stocks all ripped higher on the pivot with the S&P 500 up +1.6% by late morning and Nasdaq +2%. Read more →
BTCs 10-Year Forecast… Part Deux
On Wednesday we previewed Bitwise’s upcoming report in which the company predicted that BTC would be the top performing asset over the next 10 years. Readers loved it – it was the most clicked story in the past 30 days. Today, we have the full report for you, digging into how they got to their prediction of $1.3 million BTC by 2035, and a host of other data and details. Read more →
Wall Street Begins Settling in BTC
Bitwise $BITB ( ▼ 5.04% ) just executed one of the first in-kind creations since the SEC’s July 29 greenlight – letting authorized participants deliver bitcoin for ETF shares instead of cash. What’s the big deal? Without getting too technical, this removes market slippage and desk fees. As a result, investors will see tighter spreads, better tracking, and lower all-in expenses. It also brings crypto ETPs much more in line with commodity ETFs. Expect more issuers to flip the switch as in-kind becomes standard. Read more →
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