Crypto News: BTC Vs. Gold, FED Pivot, DeFi Surge, Price Predictions & More!

"However, today I checked in on the probability charts and um it was at 60% of a 50 basis point cut."

"And this was back in 2019. And you'll see in this chart from Steno Research that right after the the pivot started and the rate cutting began, both Bitcoin and Ethereum fell. And it wasn't until at least when they hit zero in terms of the Fed funds rate that they started to rally out of the pandemic."

"If he comes in at 25 look the market's expectations are at least at this point we want 50 so if it's 25 I think the markets will sell off"

"The market value to realize value MVRV ratio. It's um been falling uh over the past few months. And I pulled this from a glass node, but um it's been falling over the past few months as you can see, but I don't have it here, but they've also got it's it's fallen below its 365day moving average, which cryptocoin says is a bearish indicator, at least from an onchain perspective."

"Bernstein and They said that if Trump wins, we could see a 90k Bitcoin. Okay. And if Camala wins, we could see a 30k Bitcoin."

"Bitcoin could hit 125K by year end if Trump becomes president, 75K if Harris triumphs."

"Coinbase releases CBTC, a new wrapped Bitcoin product that could unleash a flood of liquidity into DeFi. Why are some big names in crypto not happy?"

"It's going to obviously create a lot more utility for Bitcoin that's held within Coinbase in a centralized way to utilize it within DeFi um but it opens up the potential for a lot of liquidity to find its way into DeFi."

"CBTC, unlike WBBTC or WB BTC can be frozen on the blockchain, but similar to USDC and USDT have these functions, right?"

"So, yeah, I mean, this is probably, I think you were saying this when we were discussing this a few weeks ago. I mean, this is probably going to be bigger in the long run than WBTC."

"PYUSD, PayPal's PayPal's stable coin is now comfortably a top 100 uh uh asset by market cap. It's it it did actually reach a billion dollar market cap fairly recently and then took a bit of a tumble. But I mean th this is growing."

"It's expanded to Salana where Salana's actually almost overtaken ETH in terms of PYUSD stable uh stable transfers."

"Spot listing on up bit. Korean dgens at it again. Yeah. Korean DJs pumping the bags of everyone who holds CKB."

"Kraken announced he will be listing Popcat on Thursday. Um so obviously this coming Thursday this coming Thursday."

"Also some upcoming events they were at I think they figured pretty big at Korea Blockchain Week which was a couple of weeks ago. They've also got events coming up in Singapore and the USA."

"And other metrics like TVL and daily active addresses are both rising for SUI. So, there's quite a there's a lot happening on that network."

"Mantra Oom and this is an RWA platform. So it could potentially be benefiting from excitement around worldly financial potentially. Um you know and I think that yeah it's another one of these RWA plays, right?"

"Artificial super intelligence alliance or FET. Uh now there's a proposal out at the moment for Cudos, which is a decentralized cloud computing platform to become the the fourth member of the alliance. Um which would obviously give you know the project a sort of extra angle as it were. Um the voting the community is going to vote on that and that voting period starts on Thursday."

"So, there could be some hype for FET ahead of that. I mean, I would imagine that will probably pass."

"As also an Ethereum Cardano bridge has been open, so FET can now be bridged between Ethereum and Cardano."

"And if you recall last year the breakpoint will mark the start of the soul rally because of all the excitement around Salana. And this is going to be a big one."

"Will Soul maintain popularity after meme season ends? This is a good question. It is a good question. Um, because a lot of the, you know, excitement earlier at least in March and everything was driven by memecoin activity and a lot of the activity on Salana was driven by memecoins, but I think it will because I think from a UX perspective, it doesn't necessarily just because it's memecoins. From a UX perspective, on boarding and building on Salana, it seems like now in terms of developers, many people are choosing to build on Salana, right? um you go to these events, you'll see the excitement from project teams to want to build on Salana, The UX is a lot faster and quicker and effective and UX from not just you sending and swapping but also on boarding through the likes of Phantom and everything. So, you know, it's going to pick up in other formats, right? In terms where it could be like DeFi lending or other sorts of uh activities, DeFi on Salana does definitely seem to be uh you know, a growing sector. I think deep in on Salana as well. Salana RWAS I've seen I think recently something was some Salana got involved with it and some project was issuing RWAS on Salana so um and obviously stable coins now like a lot of stable coins have been issued on Salana um so yeah I think that it will continue after meme season ends"

"I would though their recent Twitter antics and you know their whole Oh yeah, the sort of Yeah, the thing was look I mean they got viral it went viral. I just don't know. I've seen different takes from it but you know it is it is what it is. Yeah. But yeah, I mean I think it's very very bullish on Yeah. Take take a look at the video um and make a judgment for yourself. Um but in terms of like its goals of abstraction to become the front end for all of crypto, it really has the you know that's an interesting narrative to play for sure. Yeah. And I think of all the of all the alt layer ones I think probably NE is is best positioned to capture the AI narrative at the moment."

"However, late Thursday, uh you know Nikki Leaks, um the Fed whisperer. Oh, yeah. The guy Yes. in um Nick Timmer. Nick Exactly. The Wall Street Journal reporter. This guy's called Nicki Leaks. He has a potential ear into the Fed. They kind of like leak him information. And he said that even at the Fed, there is no consensus on what the rate cut will be."

"So, right after that report came out, you know, the Fed probability rates jumped to 50/50, I think, between 50 bips and 25 pips. And this was like this over the weekend. However, today I checked in on the probability charts and um it was at 60% of a 50 basis point cut."

"The markets are pricing in about 120 basis points in terms of like by the end of the year, which would mean that you'd potentially you'd have to do a 50 basis point cut in one of the three remaining Fed."

"And I think my takeout from this was that, and I've said this before, like regardless of who wins the presidential race, regardless of who ends up in the White House, I think from Krypto's point of view, what is really important is who ends up winning the House and the Senate. Who ends up with the majority in the House and the Senate because uh, for one thing, I think, you know, for a start, whoever's president, I think, will have more on their plate, so much on their plate to deal with that crypto probably won't figure at any point."

"The crypto industry will do best to fund those marginal races where on the on the left and the right where they'll have pro- crypto politicians who can help get the legislation through because it's not the top of the ticket that can help push through the legislation right and there are some of them now funding like John Deon in Massachusetts against Elizabeth Warren and a few others. They're trying to get Sherid Brown out in Ohio apparently who's anti-crypto. So those are the races which I think are going to be the most impactful from the perspective of crypto reg legislation."

"Supposedly today, Donald Trump is due to launch his DeFi platform. World Liberty Financial. Yes. Today is the launch day."

"A non-transferable governance token has also been mentioned as part of the platform."

"PayPal and Venmo uh are adding support for going to add support for ENS names."

"There's obviously the pivot, but before the pivot starting off at about 9:00 a.m. E on Singapore time on Wednesday is going to be token 2049. So, it's the pre-minent event in crypto. I think it's the biggest crypto event in in the calendar year."

"Can inflation bounce back? Is there any possibility? Um I there certainly is the possibility. As we saw, as Nick mentioned at the top of the stream, um core inflation was still sticky. That was mostly related to housing. um services related inflation has been sort of reliably coming down. But look, I mean, we've talked about this on some of our NFA live streams as well. Um the Fed will be very aware that, you know, during the 1970s, inflation sort of shot up. They thought they'd got it under control and it came roaring back."

"We're currently what around 5.25%. So, we might go down to five. We might go just below five. We're going to get another couple this year. But I mean, all that said, 2025, we're going to start 2025 with rates around about 4%. Interest rates around about 4% in the USA."

"And Annie. Now that ETH has broken against BTC, could this mean ETH and altcoins will struggle possibly until late this year? I think it is possible. I think that um well, there is right now uncertainty. altcoins is driven about on the macro perspective and you can look at the technical side in terms of like chart levels and whatnot but right now what's holding back altcoins is you know regulatory clarity you know like we said I think that um we need to see what's going to happen with regards to um policy post November right because altcoins especially in DeFi sector all these things the crypto industry in general is impacted by that in the short term until November yes I think it's bitcoin dominance is going to continue climbing um but uh you know the altcoin season will reverse that um if we do get clearer guidance um with the more positive crypto regulations towards the end of the year."