Bitcoin News Australia

gm Bankless Nation,
Investors got their rate cuts today, but did The Fed wait too long?

Today's Issue ⬇️

1. ☀️ Need to Know: Congress SEC Roast
   The SEC's antics are losing support.
2. 📊 Market Vibes: Rate Cut Shrug
   Crypto trades flat / SKY rating.
3. 🧪 Analysis: Can Cuts Restart Bull?
   Are rate cuts going to pump your bags?
4. 🎧 Latest Pod: Rate Cut Too Late?
   Did this party start too late?
5. 🔒 Take Action: What We're Doing
   Crypto market opps we're watching.

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1. 🧑‍⚖️ Congress Roasts SEC in Hearing Over 'Politicized' Regulation. The SEC faced a new grilling in Congress over its heavy-handed approach to crypto.
2. 🇺🇸 GOP Lawmakers Demand SEC Clarity on Crypto Airdrops. Republican leaders want answers from Gensler over policy surrounding crypto airdrops.
3. 🪙 Fintech Giant Revolut Planning Stablecoin Launch. The London-based fintech firm is reportedly planning a deeper crypto push.

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📸 Daily Market Snapshot: Stock and crypto markets shrugged off today's news. A 50 basis point rate cut from The Fed apparently wasn't enough to juice token prices today, but crypto interestingly neither bought nor sold the news, instead shrugging it off with prices largely flat across the board.

	Crypto $2.09T	↗ 0.1%	↗ 3.0%
	BTC $60,399	↗ 0.1%	↗ 5.4%
	ETH $2,337	↘ 0.4%	↘ 0.2%
	SKY $1,488	↘ 1.2%	↘ 6.6%

The Fed just cut interest rates for the first time since COVID, as expected, lowering its key policy rate by an aggressive 50 basis points. This long-awaited decision sparked immediate excitement among investors across stocks and crypto.

Powell’s money printer has finally been reactivated, and here’s why many people in the market are feeling positive that these rate cuts might kickstart another crypto bull run. 👇

Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.

Jerome Powell and the Federal Reset have finally cut rates, but the question on everyone’s mind is… What happens next?

Alfonso Peccatiello, known as “Macro Alf,” is a macroeconomic analyst and investment strategist, and he’s joining the pod to help us figure this out.

Hear all of the analysis! 👇

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