Piotrek Z.

Bored AF Ape #BTC #NFT

[Piotrek Z. @PiotrekApe]

@bLuesMaLeasy3 @ishazinCrypto You have to use other e-mail.

[Nomad Fulcrum @nomadfulcrum]

🧩 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗥𝗪𝗔𝘀 𝗜𝘀 𝗧𝗵𝗲 𝗪𝗮𝘆

Throwback to when Nomad Fulcrum CEO @PawelSynapse discussed the future of #tokenization with @MarioNawfal at @CCCCampus

Paweł and Mario are Bullish on Tokenized #RWAs. Are You?

[Nomad Fulcrum @nomadfulcrum]

💭 @elonmusk wants to put the U.S. treasury on the blockchain. @nomadfulcrum want to put RWAs on the blockchain. Makes Sense.

[Nomad Fulcrum @nomadfulcrum]

https://t.co/NmLcONOarj

[Nomad Fulcrum @nomadfulcrum]

🚨𝗖𝗼𝗿𝗲 𝗣𝗖𝗘 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗛𝗼𝗹𝗱𝘀 𝗦𝘁𝗲𝗮𝗱𝘆 𝗔𝗺𝗶𝗱 𝗮 𝗕𝘂𝘀𝘆 𝗗𝗮𝘆 𝗳𝗼𝗿 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🔊

It was a mixed trading day ahead of Thanksgiving. U.S. core PCE inflation for October came in as expected at +0.3% MoM and +2.8% YoY, signaling persistent but stable inflation. Personal income and consumption both exceeded forecasts, with income rising +0.6% and consumption at +0.4%. However, initial jobless claims fell slightly, while continuing claims hit a 3-year high, hinting at a softening labor market.

Major U.S. indices saw declines, with the S&P 500 and NASDAQ down -0.38% and -0.59%, respectively, while gold gained +0.15%. Treasury yields fell, with the 10-year down -5.2 basis points to 4.249%. The U.S. dollar weakened broadly, with the DXY falling -0.89% and sharp losses against the JPY (-1.28%) and NZD (-1.03%).

Forex action was lively. EURUSD climbed above its 38.2% retracement, closing near 1.0563, while GBPUSD surged past its 200-hour moving average, ending at 1.2678. USDJPY saw sharp losses, dropping below November’s previous low to 151.155. NZDUSD rallied despite no surprises from the RBNZ, testing key resistance at 0.5904.

Bitcoin rebounded, adding +4.7% to trade at $96,328 after yesterday’s dip. Oil prices remained steady, with WTI crude settling at $68.72. As the day winds down, market dynamics remain nuanced, with inflation data, labor trends, and currency movements shaping the outlook.

[Piotrek Z. @PiotrekApe]

@nomadfulcrum LOL 😂😂😂

[Nomad Fulcrum @nomadfulcrum]

🚨Biden's odds plummet as Demoratic lawmaker calls for Presidential race withdrawal.

Lloyd Doggett becomes the first Democrat to publicly urge President Biden to step down from the 2024 race. Doggett’s statement, referencing Lyndon Johnson’s historical decision to withdraw, emphasized Biden’s transformational yet transitional role and called for a new generation of leadership. This marks a significant moment, especially with reports suggesting Obama has also pressured Biden to step aside, though Biden hasn’t shown signs of considering it.

This development is creating uncertainty in financial markets, as Biden’s withdrawal would drastically alter the political landscape. With Tim Ryan endorsing Kamala Harris, market analysts face a complex scenario. While current odds should be viewed cautiously due to thin trading, the coming days promise heightened volatility and strategic repositioning as investors grapple with the potential impact on policy directions and economic stability.
@POTUS @federalreserve @VP @KamalaHarris

[Nomad Fulcrum @nomadfulcrum]

6/ The central bank's role in stabilizing the economy is crucial, but it now faces the tough task of balancing its books while continuing to support economic growth. What are the potential solutions? Stay tuned for more updates. 📊

[Nomad Fulcrum @nomadfulcrum]

5/ If the BOJ becomes a money-losing entity, its independence could be threatened, impacting its ability to manage monetary policy effectively. The situation calls for careful consideration of future monetary strategies.

[Nomad Fulcrum @nomadfulcrum]

🚨Bank of Japan's $3 Trillion Problem

1/ 🧵 The Bank of Japan (BOJ) is facing a significant financial challenge. As interest rates rise, the cost of the deposits it holds is increasing, potentially leading to financial losses. Let's dive into the details. 👇

[Nomad Fulcrum @nomadfulcrum]

JUST IN: A U.S. judge has sided with the #CFTC, reinforcing its authority to regulate #cryptocurrencies as commodities. This ruling underscores the CFTC's ability to oversee digital assets like #Bitcoin and #Ethereum.

This decision could significantly reshape the regulatory landscape for #DigitalAssets, setting a precedent for how other cryptocurrencies might be classified and managed. It highlights the ongoing efforts by regulatory bodies to bring clarity and oversight to the rapidly evolving crypto market.

Stay tuned for more updates on how this ruling could influence cryptocurrency regulation. #Crypto #Regulation #Commodities

[Nomad Fulcrum @nomadfulcrum]

📈The US jobs report showed Non-Farm Payrolls rising by a greater-than-expected 206K vs. the 190K estimate.

However, the details are concerning. Revisions for the prior two months were -111K, negating the current growth. The unemployment rate climbed to 4.1%, the highest since November 2021, and average hourly earnings YoY dropped to 3.9%, the lowest since June 2021. The gains were largely due to a 70K rise in government jobs and 82K in private education and health, accounting for 74% of the total gain. Meanwhile, temporary help fell by -48K, and professional and business services declined by -17K. Leisure and hospitality, a key post-pandemic job grower, rose by only 7K.

Initially, the forex market saw the dollar strengthen, but gains reversed as yields fell. The USD ended as the second weakest major currency, particularly declining against the GBP, CHF, and NZD. US debt market yields dropped, especially on the shorter end, as rate cut expectations increased. The 2-year yield fell by 8.7 bps, the 10-year by 6.9 bps. For the week, yields saw significant drops, aiding a stock market rally that pushed the NASDAQ to record levels daily.

Dow rose 0.17%, S&P 0.55%, and NASDAQ 3.5%—its best week since April. Despite this, Bitcoin plunged nearly $6000 to $56,718. Crude oil prices rose by $1.62 (1.99%) for the week, despite a drop today of $0.72 (-0.86%).

#NFP #Forex #Economy #FedPolicy #StockMarket #Bitcoin #Oil

[Nomad Fulcrum @nomadfulcrum]

Reaction of the people once they figure out that @nomadfulcrum team arrived to Brussels for @EthCC is priceless!

[Nomad Fulcrum @nomadfulcrum]

🚨Japanese Banks Urge BOJ to Halve Bond Purchases by 2026, Potentially Disrupting Global Debt Markets 📈📉

Japanese banks are reportedly urging the Bank of Japan (BOJ) to halve its monthly bond purchases by 2026. Sources indicate private banks are calling for a reduction to around ¥3 trillion in two years, with further tapering to ¥2 trillion by March 2026. The BOJ discussed this with bond market participants and will announce its decision on tapering on July 31. This suggests a gradual approach to reducing bond purchases, even if initial cuts are substantial. Such moves could have significant implications for the global debt market and the Japanese yen, which continues to hit record lows against other currencies. #BOJ #Japan #MonetaryPolicy #BondMarket #Forex

[Nomad Fulcrum @nomadfulcrum]

𝗠𝗼𝗿𝗲 𝗣𝗮𝗶𝗻 𝗔𝗵𝗲𝗮𝗱 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝘆: 𝗪𝗲’𝗿𝗲 𝗡𝗼𝘁 𝗘𝘅𝗶𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗲𝗿𝗶𝗼𝗱 𝗼𝗳 𝗥𝗮𝘁𝗲 𝗛𝗶𝗸𝗲𝘀 𝗛𝘂𝗿𝘁𝗶𝗻𝗴; 𝗪𝗲’𝗿𝗲 𝗘𝗻𝘁𝗲𝗿𝗶𝗻𝗴 𝗜𝘁 🚨

A note from Piper Sandler emphasizes that the economy is just beginning to feel the full impact of the Federal Reserve’s rate hikes. Despite starting the rate hiking cycle 10 quarters ago in March 2022, Piper Sandler’s analysis of cycles dating back to 1958 shows it typically takes this long before a recession begins. Buckle up; the pain from rate hikes is only just starting to hit. Tomorrow’s inflation data from the U.S. market could be a turning point for the economy and a signal for the start of interest rate cuts. #FOMC #QE #FED #USD

[Nomad Fulcrum @nomadfulcrum]

📊 The Nasdaq hits a new record high for the 5th straight day, closing at 17,192.53. Despite the S&P 500 snapping its 4-day record streak, both indices ended the week higher, with the Nasdaq up 3.24%, its best weekly gain since April 22. The S&P 500 rose 1.58%, but the Dow Jones fell 0.54%. The Russell 2000 dropped 1% for the week.

📈Weekly winners: Broadcom (+23.35%), Adobe (+12.87%), CrowdStrike (+10.45%), Shopify (+9.87%), and Nvidia (+9.09%).

📉 Major losers: Celsius (-17.87%), Trump Media (-17.2%), Raytheon (-17.17%), Paramount (-15.32%), and Beyond Meat (-12.52%).

#Nasdaq #SP500 #DowJones #Russell2000

[Nomad Fulcrum @nomadfulcrum]

Real OG on board! Worth keeping an eye on! 🫵🏻

[Nomad Fulcrum @nomadfulcrum]

🚨Fed's Logan: 'Several More Months' of Better CPI Needed 📈

In response to May's encouraging CPI data, Fed's Logan emphasized the need for sustained improvement, stating, "We need several more months to be confident inflation is heading to 2%." Logan highlighted the importance of closely monitoring upcoming data and mentioned the Fed's current ability to be patient on policy. Despite market expectations of a 60% chance of a rate cut in September, Logan's cautious stance suggests a cut is unlikely unless employment and equity markets decline sharply. #FederalReserve #CPI #Inflation @federalreserve

[Nomad Fulcrum @nomadfulcrum]

🚨 CONSENSYS CONFIRMS THE SEC HAS CLOSED ITS SECURITIES INVESTIGATION INTO $ETH 🚨

✅ SEC Drops Investigation

The Securities and Exchange Commission (SEC) has officially notified Consensys that it will not pursue charges alleging that sales of Ether (ETH) are securities transactions. This marks a significant development for Ethereum and its stakeholders.

🔍 Investigation Details

The SEC's investigation, which began under the approval of Gurbir Grewal, Director of the Division of Enforcement, on March 28, 2023, focused on Ethereum 2.0 and the buying and selling of Ether. The probe aimed to determine whether these transactions should be classified as securities.

🛡️ Consensys' Defense

Consensys, the blockchain software company behind Ethereum, argued that the approval of spot Ether exchange-traded funds (ETFs) implied ETH tokens were considered commodities, not securities. They emphasized that this approval should logically lead to the conclusion that ETH transactions are outside the purview of securities regulations.

📜 Wells Notice and Response

In April, Consensys received a Wells notice from the SEC, indicating a planned enforcement action against the company. However, in a decisive move on June 7, Consensys sent a letter to the SEC, requesting confirmation that the approval of spot ETH ETFs in May would signify the end of the investigation into Ethereum 2.0.

📈 Market Reaction

Following the news of the SEC dropping its investigation, the price of Ethereum ($ETH) surged by 3.5%. This positive market reaction reflects the community's relief and optimism regarding Ethereum's regulatory clarity.

🌐 Broader Implications

The closure of this investigation is a pivotal moment for Ethereum and the broader cryptocurrency market. It underscores the evolving regulatory landscape and the growing recognition of cryptocurrencies as commodities rather than securities.

📰 Stay Informed

As the regulatory environment continues to develop, it's crucial for stakeholders and investors to stay informed about the latest developments. The closure of this SEC investigation marks a significant milestone in the journey toward greater regulatory clarity for cryptocurrencies.

#Ethereum #Consensys #CryptoNews #Blockchain #Regulation #SEC #Cryptocurrency #ETH

[Nomad Fulcrum @nomadfulcrum]

🇨🇭Further Insights from SNB Chairman Jordan

SNB Chairman Jordan highlighted the dual direction of FX interventions, noting the recent appreciation of the Swiss franc. This impacts monetary conditions and influences the inflation outlook. Jordan emphasized that the exchange rate plays a crucial role and that the policy rate will be adjusted to maintain price stability.

Interestingly, Jordan's narrative has shifted since May, where he previously identified a weaker franc as a main inflation source. Now, his focus is on the franc's appreciation, suggesting the SNB may back off from interventions. This change signals a more nuanced approach to managing the currency's strength and its impact on inflation.
#SNB #Forex #SwissFranc #MonetaryPolicy #Inflation