Crypto poised for boost if Fed cuts rate by 50 bps, says hedge fund boss
If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann. Go to Source
Inflation
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Peter Schiff: Fed Is About to Make Major Policy Mistake That Will Crush US Dollar, Reignite Inflation
Economist and gold advocate Peter Schiff has issued a strong warning that the Federal Reserve is on the verge of repeating its past policy errors. He explained that the Fed’s anticipated actions, particularly interest rate cuts, “will be followed by a return to QE, another repeat mistake that will engender more debt and send consumer … Read more
Former Commerce Secretary Warns US Headed for Recession
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, … Read more
JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie … Read more
Elon Musk Warns US Laws and Regulations Will Worsen Every Year Without Major Reform
Tesla and Spacex CEO Elon Musk has warned that without substantial government reform, laws and regulations will worsen annually, potentially stifling major initiatives. He has reiterated his call for significant U.S. government changes and agreed to help former President Donald Trump lead a new government efficiency commission, an idea he proposed. Musk believes reducing wasteful … Read more
Turkey’s $200 limit on cash payments: What does it mean for crypto?
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%. Go to Source
Does Bitcoin’s negative funding rate signal that bears are in total control?
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience. Go to Source
Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI
The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On … Read more
Bitcoin price shows strength above its recent lows — Here is why
A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains. Go to Source
Crypto products post $726M outflows amid rate cut uncertainty
CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10. Go to Source