Cosmos has been on fire this week:
- $12 mil of $ntrn added to $atom CP
- $DYDX launched (biggest derivative dex)
- $TIA launched (modular blockchain era is here)
- $nBTC launched (BTC to cosmos)
- #ibc coins doing double & tripple digit returns
- #ibc client development for Avalanche on its way
Cosmos szn baby 🧑🚀🌌
The innovations in crypto are fundamentally ambitious experiments in solving coordination problems. Some may fail but those that succeed will have a far reaching and profound impact in areas beyond technology. You improve coordination and you unlock nonlinear value.
Tomorrow, the Fed meets for the first time since September 20th.
Currently, markets are pretty much set on NO CHANGE in rates tomorrow, at 95%.
However, interest rate outlook remains far from clear with a ~36% chance of another rate hike ahead.
The base case shows rate CUTS beginning in June 2024, up from September 2024 after the last Fed meeting.
Guidance from the Fed and the Fed statement are, by far, the most important things tomorrow.
We will covering it real time and providing analysis and updates as it occurs tomorrow.
Turn on our post notifications at @KobeissiLetter for real time Fed/market updates.