MARKET:
The FOMC raised rates by 75 bps, which didn’t surprise anyone, but they also noted rates will rise through 2023 before coming back down into 2024. While this provides clarity for the market, clearly investors will continue to be defensive and risk off in the near term. Midterm relief rally? Maybe…but the Fed is continuing their mission to bring inflation down.
Bold prediction from me - crypto bottomed yesterday (9/22/22).
NEWS:
Nasdaq:
Saylor TWAP
Big raise and even bigger valuation for FTX!
NFTs:
REGULATORY:
Good luck SEC
Draft stablecoin bill is out:
RUGS:
Terrible hack that used a brute force method to uncover address and private keys
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None of this is financial advice