ilqdty daily2 min readRead the latest
coinbase asked the SEC for permission to run single-stock perpetual futures 24/7, so your tesla position would never close again
AMC's CEO called tokenized shares vile the same week, and the stock jumped 21% overnight.
| Markets | Level | 7d |
|---|---|---|
| $BTC | 80,957 | +3.9% |
| $ETH | 2,523 | +3.2% |
| $SOL | 103.87 | -0.3% |
| F&G | 74 greed |
01Crypto4 stories
- US spot bitcoin ETFs took $731 million thursday, the biggest day since january 14@Cointelegraph
- south korea will tokenize stocks, bonds and funds in three stages starting february 2027@CoinDesk
- standard chartered is the first globally systemic bank offering institutional bitcoin and ether spot trading in the UAEstandard chartered
- the IMF says el salvador's $100 million bitcoin addition came from donations, not public moneyIMF staff-level agreement
02Macro4 stories
- fed governor waller signaled he wants to hold, and september hike odds fell from 63.2% to 50.4%reuters
- the ISM services prices index hit 72.6%, the highest since august 2022ISM
- the yen jumped over 2%, touching 155.28 per dollarCNBC
- big funds are hedging only 41% of their foreign assets, the lowest since 2015bloomberg
03Today2 stories
- 8:30am ET, the US august jobs report. consensus is about 53,000 jobs and 4.1% unemployment, and it decides whether the fed hikes on september 16 or sits still
- monday is US labor day. stocks and bonds closed, nothing prints, so today's number sits unchallenged for three days
04My view
$27.7 million of leveraged positions got closed out by force in the last day, and 54% of that was shorts. the single biggest one was $4.1 million on $HYPE. people betting against the strongest coin on the board got run over.
here's what doesn't add up. waller talks dovish and hike odds drop to 50.4%, but the ISM services prices index just printed its highest reading in four years. one of those two is wrong about inflation, and the jobs number at 8:30 picks the winner.
buyers are in control while the dollar stays quiet and ETF money keeps showing up at $731 million a day. i'm watching the yen, because a 2% move in a funding currency is where the last few risk unwinds started. the read flips if that keeps going and the dollar bids with it.
long weekend ahead. get the number, then go outside.