17235
Fastest Breaking Markets Updates Crypto • Finance • Technology • War
*FED LOWERS BENCHMARK RATE 50 BPS TO 4.75%-5.0% TARGET RANGE
*FED SEES RATES AT 4.4% AT END OF 2024, 3.4% IN 2025
Ethena frontend compromised ⚠️
Ethena: The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice.
The protocol is unaffected and funds are safe — Please do not interact with any site or application purporting to be the Ethena frontend.
**If you're connected, please refrain from signing transactions and disconnect your wallet immediately.
Most uncertain FOMC Meeting on record in 4hrs:
*Markets are pricing in a 60% chance of a 50bps rate cut, the most uncertain spread in over 15 years. However, economists are leaning towards a 25bps cut, with only 9 out of 114 economists polled by Bloomberg expecting 50bps and 113 expecting 25bps. Wells Fargo advises investors to look beyond the 25bps vs 50bps debate and instead prioritize the Fed's forward guidance. They argue that neither outcome would be shocking and point to minimal market reactions to similar scenarios in 2001 and 2007. Wells Fargo suggests keeping an eye on the 2-year U.S. Treasury yield as a key indicator.
SENIOR ISRAELI MILITARY OFFICIALS ARE PREPARING FOR A 3RD HEZBOLLAH WAR WHICH IS EXPECTED TO BEGIN ALMOST IMMEDIATELY: ISRAELI CHANNEL 14
Context: Israel's Pager Attack On Hezbollah: link
*Pagers used by Hezbollah exploded near simultaneously in Lebanon and Syria on Tuesday, killing at least 9 people – including an 8-year-old girl & wounding more than 2,800
*This extraordinary networked attack in Lebanon exploited a zero-day vulnerability physically implanted into the pager devices together with explosives.
S&P 500 HITS NEW ATH
*S&P 500 BRIEFLY HIT NEW INTRADAY RECORD HIGH
Don’t expect much from stocks for the next decade: JPMorgan
Читать полностью…
Market returns month before 50bps Fed Rate Cuts and after: @infinityhedge
Читать полностью…
The Week Ahead | Q3 END | @infinityhedge
**A 36-hour monetary rollercoaster will start with the FED's probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome of the BOJ’s first meeting since it raised borrowing costs and helped sow the seeds of a global selloff.
Macro:
*Lawsuit against TikTok ban set to begin on 16 [A court will hear arguments about whether the US GOV. can ban TikTok, based on evidence it doesn’t want anyone — including the social media company — to see]
*US: Fed Interest Rate Decision on 18 [25-vs-50 basis point rate cut discussion (50:50 odds, It is the first meeting in years where there's serious uncertainty about the rates decision)]
*Japan: Trade data on 18
*UK: BoE rate decision on 19
*US: Initial jobless claims on 19
*Japan: CPI on 20
*Japan: BoJ Interest Rate Decision 20
*China: loan prime rates on 20
*US Labor Department, BLS: State Employment & Unemployment, Monthly Report on 20
*US: GDP (QoQ) (Q2) on 26
*US: PCE on 27
Crypto:
*Trump's World Liberty Financial Project Launch on 16
*Sky [MakerDAO] to launch its new SKY governance token and USDS stablecoin on 18
*Terraform Labs's Chapter 11 bankruptcy reorganization hearing on 19
*Final SEC decision deadline for Bitcoin ETF Options is 21: infinityhedge
*Carolyn Ellison [former CEO of Alameda Research] is set to be sentenced on 24
*Hamster Kombat (HMSTR) TGE, Airdrop and exchange listings [Binance, etc] on 26
*Changpeng Zhao aka 'CZ' expected to release from prison on 29
*Uniswap v4's launch set for Q3
Events:
*Token2049 Singapore Event [18-19]: [Speakers: Vitalik Buterin, Charles Hoskinson, Anatoly Yakovenko, Richard Teng, Balaji Srinivasan, Snowden, Nic Carter, Eric Wall, Mert Mumtaz, Jason Choi, and Founders or CEOs: EigenLayer, Polymarket, Aave Labs, Ethena Labs, Electric Capital, infinityhedge?, Wintermute, DWF Labs, Circle, Chainlink, Monad, Render Network, Akash Network, Helium Foundation, Securitize, Polygon, NEAR, Curve, etc....
*Solana Breakpoint Event [19-21]
*European Blockchain Convention [25-26]
Token Unlocks: $700M-$800M [till month end]
⊷ ARB: $50M: 2.6% on 16
⊷ ID: $27M: 18.2% on 22
⊷ OP: $48.6M: 2.6% on 30
⊷ SUI: $70M: 3.2% on Oct. 1
**TIA: ~$850M: 83% of float on Oct. 30
**What Bloomberg Economics Says:
“We think Fed Chair Jerome Powell supports a 50-basis point cut. However, the lack of a clear signal from New York Fed President John Williams before the pre-meeting blackout period makes us think Powell doesn’t have the full committee’s support.”
Morning Update: Fed Funds Futures Now Show 58% Probability of 50bps Rate Cut vs 42% for 25bps
Earnings/Charts/Articles ⬎
*JPMorgan Sees 50bps Easing by Fed Next Week
*Evercore Sees 50bps Easing by Fed Next Week
*Cit Sees 25bps Easing by Fed Next Week
*Goldman Sachs Sees 25bps Easing by Fed Next Week
*BofA Sees 25bps Easing by Fed Next Week
*Wells Fargo Sees 25bps Easing by Fed Next Week
**It is the first meeting in years where there's serious uncertainty about the rates decision
MicroStrategy acquired 18.3k BTC for ~$1.11B in cash at ~$60.4K/BTC between Aug. 6 and Sept. 12
Читать полностью…
TRUMP SAYS THERE WILL NOT BE ANOTHER DEBATE WITH KAMALA HARRIS.
Читать полностью…
OpenAI releases o1 [The rumored ‘Strawberry’ model], its first Model with ‘reasoning’ abilities: link
Читать полностью…
Justin Sun: cbBTC (Coinbase Wrapped BTC) lacks Proof of Reserve, no audits, and can freeze anyone's balance anytime. Essentially, it’s just 'trust me.' Any U.S. government subpoena could seize all your BTC. There’s no better representation of central bank Bitcoin than this. It’s a dark day for BTC.
Читать полностью…
Grayscale will announce the launch of the U.S.’s first XRP trust, a so-called "closed-end" fund that will offer accredited investors direct exposure to XRP: Fox Business
*A trust and an ETF are two different investment products. An ETF must be approved by the SEC since it is marketed directly to retail investors, while a trust’s structure and sales pitch to so-called accredited investors gets a lighter regulatory touch. Even so, a trust can become an ETF with the right regulatory approvals; two of Grayscale’s single-asset investment trusts – bitcoin and ether – have evolved into ETFs this year.
OpenAI Said To Discuss Raising Funds At $150 Billion Valuation - Bloomberg
*Set To Raise About $6.5 Billion From Investors
*Also Discussing Raising $5 Billion In Debt From Banks
Israel blew up thousands of personal radios (Walkie-Talkies) which were used by Hezbollah members in Lebanon in a second wave of its intelligence operation which started on Tuesday with the explosions of Hezbollah pager devices
Читать полностью…
BlackRock and Microsoft plan $30B fund to invest in AI infrastructure: FT
*The Fund would be one of the biggest investment vehicles ever raised on Wall Street.
CFTC IS SCRUTINIZING OFFSHORE BETTING PLATFORMS WITH US TRADERS: BBG
“If anyone, Polymarket or otherwise, conducts themselves in a way that breaks the law, we will use our civil enforcement authority to make sure that conduct stops”Читать полностью…
Crypto VC Fund Dragonfly Seeking to Raise a $500 Million Fund: Bloomberg
The firm has garnered $250 million so far and aims to close the fundraising by next year’s first quarter.
MicroStrategy to Raise $700M [upto $805M] in Convertible Notes to Refinance $500M Debt and Buy More Bitcoin
MicroStrategy Announces $700M Private Offering Of Convertible Senior Notes Due 2028: link
*S&P 500 OPENS 0.1% LOWER, NASDAQ DOWN 0.7%
*APPLE DOWN 3.5%
*NVIDIA DOWN 3.5%
*COINBASE DOWN 4% *MICROSTRATEGY DOWN 5.5%
Officials believe the shots fired at Trump International Golf Club were intended for former President Donald Trump, according to sources familiar on the matter: CNN
FBI said it is investigating a possible assassination attempt on Donald Trump in Florida. A suspect was detained.
Sam Bankman-Fried Files Appeal to Overturn Fraud Conviction
Читать полностью…
We will see more SEC actions [Enforcement] [like the recent eToro Settlement] over the next few weeks, as the SEC’s fiscal year ends Sept 30: Blockchain Association, CEO
Читать полностью…
Binance announced the 58th project on Binance Launchpool - Hamster Kombat (HMSTR): link
*Binance will list HMSTR at 2024-09-26 12:00 (UTC)
eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets except Bitcoin, Bitcoin Cash, and Ether: link
Читать полностью…
*US JOBLESS CLAIMS 230K IN SEPT. 7 WEEK; EST. 227K
*US CONTINUING CLAIMS 1.85M IN AUG. 31 WEEK; EST. 1.850M
August CPI
*MoM: 0.2% [Est. 0.2%, Prev. 0.2%]
*YoY: 2.5% [Est. 2.5%, Prev. 2.9%]
*Core MoM: 0.3% [Est. 0.2%, Prev. 0.2%] ⚠️
*Core YoY: 3.2% [Est. 3.2%, Prev. 3.2%]
*TRADERS BET FED TO START RATE CUTS WITH 25 BPS NEXT WEEK, SEE 100 BPS TOTAL OF RATE CUTS THIS YEAR