SAME FED DECISION. DIFFERENT TRUMP RESPONSE. ๐
Powell holds rates:
Criticism.
Warsh holds rates:
"It's all right. Whatever."
"We have a very good guy over there now."
The tone couldn't be more different.
HUGE: ๐ด๐ฒ OMAN LAUNCHES A STATE-BACKED BITCOIN MINING POOL
This is another sign that sovereign capital is moving from watching Bitcoin to participating in the network.
A real sentiment tailwind for miners and long-term $BTC adoption ๐
JUST IN: ๐จG7 LEADERS CALL FOR COORDINATED EFFORT AGAINST ๐ฐ๐ต NORTH KOREA'S CRYPTO THEFTS
Crypto remains a prime funding target for North Korea: Lazarus Group was blamed for Bybitโs $1.5B breach, while DPRK-linked actors stole an estimated $1.34B in 2024.
CZ DONATED $2M TO PRISON EDUCATION AFTER SERVING TIME IN THE ๐บ๐ธ US
The Binance founder has made four $500,000 donations over the last 2 years to Prison Professors to support free educational resources for people in federal prison.
Wonder if the curriculum includes crypto ๐
RAY DALIO WARNS DEMAND FOR U.S. DEBT IS FALLING ๐ธ
The U.S. spends about $7 trillion a year but only brings in around $5 trillion.
According to Dalio, the country needs to keep issuing debt while demand for that debt is falling.
When confidence in government debt starts to weaken, investors tend to look for assets outside the traditional financial system.
That's one reason Bitcoin exists.
WATCH: THE MOMENT THE IRAN DEAL BECAME OFFICIAL
President Trump signs the agreement at the Palace of Versailles alongside French President Emmanuel Macron.
๐จBREAKING: US-IRAN HAVE AGREED TO THE PEACE FRAMEWORK
Per Axios and U.S. officials, the US and Iran have now both signed the โMemorandum of Understanding."
Effective immediately, the ceasefire:
- Reopens the Strait of Hormuz
- Lifts the naval blockade
- Provides sanctions waivers for oil sale
- Launches a 60-day window for nuclear negotiations
IS CME AFRAID OF KALSHI? ๐คฏ
CME plans to sue the CFTC after regulators approved Bitcoin perpetual futures for Kalshi.
CME says it's about protecting investors.
But from the outside, it looks like a major incumbent pushing back against a new competitor.
What do you think?
JUST IN: ๐บ๐ธCFTC CHAIR DEFENDS APPROVING PERPETUAL FUTURES IN U.S.
Mike Selig argues instead of forcing traders to roll positions, regulated perpetual futures can give investors cleaner access under U.S. oversight.
"Incumbents are always going to fear the future, but we're looking forward."
SAME FED DECISION. DIFFERENT TRUMP RESPONSE. ๐
Powell holds rates:
Criticism.
Warsh holds rates:
"It's all right. Whatever."
"We have a very good guy over there now."
The tone couldn't be more different.
BLACKROCK SAYS THE REAL FED STORY ISN'T INTEREST RATES
Most investors are asking:
"Will rates go up or down?"
BlackRock is asking a different question:
"Will the Fed keep supporting markets with liquidity?"
That may end up being more important for stocks and Bitcoin than the next rate cut.
๐จBREAKING: US-IRAN HAVE AGREED TO THE PEACE FRAMEWORK
Per Axios and U.S. officials, the US and Iran have now both signed the โMemorandum of Understanding."
Effective immediately, the ceasefire:
- Reopens the Strait of Hormuz
- Lifts the naval blockade
- Provides sanctions waivers for oil sale
- Launches a 60-day window for nuclear negotiations
TOKENIZED ETFS SMASH ATH -- $ETH DOMINATING WITH 74.5% ๐
Across 8 chains, RWA capital is choosing Ethereum as the default settlement layer while Solana takes 15% and BNB Chain holds 5.1%.
The institutions have chosen.
๐บ๐ธ JUST IN: ILLINOIS GIVES CRYPTO ANOTHER REASON TO LEAVE.
Governor Pritzker signs new 0.2% digital asset privilege tax that will apply to exchanges, transfers, custody, and storage beginning January 1, 2027.
Wouldn't be surprised if this pushes users, brokers, and crypto innovation out of the state.
๐บ๐ธ NEW FED CHAIR = NEW MARKET TEST
The S&P 500 has been lower in every new Fed chairโs first 90 days, with an average -12% drawdown.
Kevin Warsh chairs his first FOMC today, and crypto usually feels macro volatility first.
๐จ JUST IN: ๐บ๐ธWARSH PROMISES TO DELIVER PRICE STABILITY
"We recognize that inflation has been running well ahead of the Fed's long-stated inflation goal of 2%."
JUST IN: ๐บ๐ธ FED CHAIR WARSH SAYS THE FED HAS OFFICIALLY "DROPPED" FORWARD GUIDANCE.
Warsh has long criticized that forward guidance (like dot plots) reduces Fed flexibility and has contributed to past policy errors.
JUST IN: AUTHOR OF GENIUS ACT EYES JULY FOR THE CLARITY ACT
Sen. Bill Hagerty says, "[The CLARITY Act] is creating the type of certainty that's necessary to bring the entire digital asset framework into full-blown opportunity here in America." ๐
๐บ๐ธ NEW FED CHAIR = NEW MARKET TEST
The S&P 500 has been lower in every new Fed chairโs first 90 days, with an average -12% drawdown.
Kevin Warsh chairs his first FOMC today, and crypto usually feels macro volatility first.
๐จ CONGRESS BANS CREATION OF A CBDC -- AT LEAST UNTIL 2030.
The U.S. House and Senate have released the final bipartisan bill to ban the Fed from issuing a CBDC, with a passing vote of 89-10.
A major win for the case that open, private money rails should -stay- open.
๐บ๐ธ JUST IN: ILLINOIS GIVES CRYPTO ANOTHER REASON TO LEAVE.
Governor Pritzker signs new 0.2% digital asset privilege tax that will apply to exchanges, transfers, custody, and storage beginning January 1, 2027.
Wouldn't be surprised if this pushes users, brokers, and crypto innovation out of the state.