Watch Swift’s Chief Innovation Officer @TomZschach and @SergeyNazarov at The Chainlink Forum in NYC, where they discussed the importance of interoperability in capital markets, Swift and Chainlink’s long-standing collaboration to build the critical infrastructure for enabling digital asset markets at scale, and what’s next for the digital asset industry.
Full video ↓
🇺🇸 JUST IN: House fuses the Anti-CBDC bill into the CLARITY Act.
Crypto market oversight + stopping a Fed CBDC now bundled in one bill headed to Senate. 👀
🚀 ALTCOIN ETF PLAY: VanEck is filing for a #Hyperliquid spot staking ETF in the U.S. and an ETP in Europe - making $HYPE one of their youngest token targets amid rising institutional interest.
🇰🇬 JUST IN: Kyrgyzstan’s Parliament approved a bill to set up a Strategic Bitcoin Reserve.
Another nation officially moving to put #Bitcoin on the balance sheet. 🚀
📊 MACRO WATCH: PPI cooled today, giving markets a lift. The bigger test comes tomorrow with CPI, a softer print could push the Fed toward a larger cut.
Next week’s Fed odds:
🔹 25bps = 90%
🔹 50bps = 10% and climbing
If 50bps gains traction, #Bitcoin and crypto could get rocket fuel. 🚀
US consumer sentiment is weakening again.
The Consumer Sentiment Index fell -3.1 points in August, to 58.6, below expectations of 62.0 points.
Current conditions dropped -7.1 points, to 60.9, one of the lowest readings since January 2023.
Expectations declined -0.5 points, to 57.2, the lowest since May.
The decline was primarily driven by increasing worries among Americans about inflation.
As a result, consumer sentiment is now near the lows seen during the 2008 Financial Crisis.
Sentiment remains depressed.
👀 PLOT TWIST: JPMorgan - home of longtime #Bitcoin critic Jamie Dimon - now says crypto adoption is still in the early phases but trending bullish.
Why? Despite growth, institutions only hold 25% of $BTC ETPs, and most firms haven’t allocated yet - though 85% say they will by 2025. 🚀