ilqdty daily2 min readRead the latest
fed governor waller says he backs a december hike and floated a half-point
october's consumer prices land at 8:30am et and decide how seriously the market takes him.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 74,237 | -1.5% | -4.1% |
| $ETH | 2092.2 | -2.0% | -8.0% |
| $SOL | 84.5 | -2.5% | -8.9% |
| BTC.D | 60.3% | ||
| F&G | 32 fear |
01Crypto4 stories
- the nyse picked avalanche to settle trades on its planned tokenized stock venueCoinDesk
- coinbase's national trust bank charter took effect, so it can now hold crypto under federal rulesCointelegraph
- mara, a bitcoin miner, sold 40% of its bitcoin for $1.1 billionCoinDesk
- elizabeth warren will chair the senate banking committee after democrats took the senateThe Block
02Macro3 stories
03Trends3 stories
- on solana, pumpfun took $1.21M in fees in a day and the ten trending coins traded $27M combined, down from $69M on monday. $BORLY (+73953%) ran to a $1.8M cap and $STONK (-4%) still leads at $38.3M
- on hyperliquid, kinetiq's elysium chain went live with pumpfun and fomo trading on day oneThe Defiant
- on ethereum, a gta 6 meme coin called dacity went from $7M to $23M overnightCoinGecko
04Today3 stories
- 8:30am et: october consumer prices, 0.3% expected for the month after 0.6% in september. a hot one makes the december hike close to certain
- 1pm et: the treasury sells 10-year notes, a read on what buyers demand to lend long
- after the close: coreweave reports, a test for the debt behind ai data centers
05My view
the nyse picked a blockchain to settle stock trades and coinbase became a federally chartered custodian. both happened in a week when every major coin closed red, which tells me the big players are building through the drop.
the selling has a name, mara, and stablecoin supply is still shrinking at $292.0B. so the next buyer has to come from outside crypto.
big wallets on hyperliquid are 17 short to 2 long on bitcoin. if the drop stops, some of them close, and closing a short means buying.
the risk is this morning's print. waller already floated the half-point, so a hot number gives him cover and pushes the ten-year up from 4.86% toward its october high of 5.31%. that is where stocks and crypto fall together.
as of this morning bitcoin held above sunday's low at $73,510. im still bullish into the print.
cpi first, then the auction. today decides how real december is. lock in.