Prior month +6 KC Fed manufacturing index -18 versus +/month Composite index is -8 versus -3 last month The manufacturing index is at its lowest level since July 2023. The index does move up and down a lot. Last month it went from -12 to +6. The +6 was the highest since August 2023 when it reached +12 before falling to -13 in September 2023.

Prior month +6 KC Fed manufacturing index -18 versus +/month Composite index is -8 versus -3 last month The manufacturing index is at its lowest level since July 2023. The index does move up and down a lot. Last month it went from -12 to +6. The +6 was the highest since August 2023 when it reached +12 before falling to -13 in September 2023.

Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours, while other leading altcoins in the top 10 have fallen from 8.7% (Solana, Cardano) to 12% (Avalanche). Total crypto market capitalisation, according to CoinMarketCap, fell 7% overnight to $1.44 trillion. Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness.

Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours, while other leading altcoins in the top 10 have fallen from 8.7% (Solana, Cardano) to 12% (Avalanche). Total crypto market capitalisation, according to CoinMarketCap, fell 7% overnight to $1.44 trillion. Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness.

Just my personal opinion, traders that made 379% on a possible shitcoin, should at least consider taking Partial Profits at possible technical junctions, even if they love the moon And even if they think that technical analysis is shit. Why? The fact that you may not believe technical analysis, there are enough other market participants, that do, and they will seek to take partial profits at the good candidate for a high local price. Let's take a look at SHIBA COIN now, on this weekly chart.

Just my personal opinion, traders that made 379% on a possible shitcoin, should at least consider taking Partial Profits at possible technical junctions, even if they love the moon And even if they think that technical analysis is shit. Why? The fact that you may not believe technical analysis, there are enough other market participants, that do, and they will seek to take partial profits at the good candidate for a high local price. Let's take a look at SHIBA COIN now, on this weekly chart.

Bernstein has raised it end of year Bitcoin forecast to USD90,000 from 80K previously: expects a 7% reduction in hashrate post halving from shutdowns (from 15%)

Bernstein has raised it end of year Bitcoin forecast to USD90,000 from 80K previously: expects a 7% reduction in hashrate post halving from shutdowns (from 15%)

a call from campaigners to change Swiss law and allow cyptocurrencies to be added to SNB reserves. Jordan: "We have not yet decided that we want to invest in bitcoin. Actually for good reasons" "Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them." Jordan also pointed to potential downsides, such as carbon emissions resulting from the the energy consumption of bitcoin mining and transactions.

a call from campaigners to change Swiss law and allow cyptocurrencies to be added to SNB reserves. Jordan: "We have not yet decided that we want to invest in bitcoin. Actually for good reasons" "Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them." Jordan also pointed to potential downsides, such as carbon emissions resulting from the the energy consumption of bitcoin mining and transactions.

Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets. The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one that would target a move to $75,000.

Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets. The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one that would target a move to $75,000.

US politicians appear to be in a battle to prove who is more pro-crypto. The SEC did an about-face on an Ethereum ETF and now Trump has flip-flopped into a pro-crypto stance. With votes to earn here and margins small, it looks like they will be after this voting bloc until November.

US politicians appear to be in a battle to prove who is more pro-crypto. The SEC did an about-face on an Ethereum ETF and now Trump has flip-flopped into a pro-crypto stance. With votes to earn here and margins small, it looks like they will be after this voting bloc until November.

Bitcoin was down 0.7% on Wednesday, ending it near $21.8K, although it was a hair away from $20K in the first half of the day. Ethereum gained 5% in the past 24 hours, losing 35% in 7 days. Altcoins from the top 10 are growing ahead of the curve, rising between 7% (BNB) and 18.6% (Solana). The top altcoins are behaving better than the flagships (ETH, BTC) this week, as they have fewer institutions and crypto enthusiasts find them relatively stable and still cheap.

Bitcoin was down 0.7% on Wednesday, ending it near $21.8K, although it was a hair away from $20K in the first half of the day. Ethereum gained 5% in the past 24 hours, losing 35% in 7 days. Altcoins from the top 10 are growing ahead of the curve, rising between 7% (BNB) and 18.6% (Solana). The top altcoins are behaving better than the flagships (ETH, BTC) this week, as they have fewer institutions and crypto enthusiasts find them relatively stable and still cheap.

Gold breaks to new all-time highs on Thursday.  Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.  XAU/USD is overbought but rallying and in an uptrend on all timeframes.  Gold (XAU/USD) trades higher, breaking above the previous record highs and reaching a new all-time high in the $2,680s per troy ounce on Thursday. Falling global interest rates, an escalation of the conflict in the Middle East, and a weaker US Dollar (USD) due to increased odds of the US Federal Reserve (Fed) continuing with its aggressive monetary easing strategy, are all factors propelling its bull run.  Gold breaks to record highs Gold rallies to a new record high in the $2,680s on Thursday. The decisions by the People’s Bank of China (PBoC), Swedish Riksbank and Central Bank of Czech Republic to slash interest rates over recent days is advantageous for Gold as it lowers the opportunity cost of holding the non-interest-paying asset, making it more attractive to investors. A further upside factor is the escalation of the conflict between Israel and Hezbollah. On Wednesday, amid continued missile exchanges between the two enemies, the head of the Israeli Defence Forces, Herzi Halevi, told his troops in northern Israel that they should prepare for a ground offensive on Lebanon. If such an invasion should take place, it will further ratchet up risk aversion and increase safe-haven flows into the yellow metal.

Gold breaks to new all-time highs on Thursday.  Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.  XAU/USD is overbought but rallying and in an uptrend on all timeframes.  Gold (XAU/USD) trades higher, breaking above the previous record highs and reaching a new all-time high in the $2,680s per troy ounce on Thursday. Falling global interest rates, an escalation of the conflict in the Middle East, and a weaker US Dollar (USD) due to increased odds of the US Federal Reserve (Fed) continuing with its aggressive monetary easing strategy, are all factors propelling its bull run.  Gold breaks to record highs Gold rallies to a new record high in the $2,680s on Thursday. The decisions by the People’s Bank of China (PBoC), Swedish Riksbank and Central Bank of Czech Republic to slash interest rates over recent days is advantageous for Gold as it lowers the opportunity cost of holding the non-interest-paying asset, making it more attractive to investors. A further upside factor is the escalation of the conflict between Israel and Hezbollah. On Wednesday, amid continued missile exchanges between the two enemies, the head of the Israeli Defence Forces, Herzi Halevi, told his troops in northern Israel that they should prepare for a ground offensive on Lebanon. If such an invasion should take place, it will further ratchet up risk aversion and increase safe-haven flows into the yellow metal.

Ethena Labs, the developer of the Ethereum-based synthetic dollar protocol, has announced the launch of UStb, a new fiat stablecoin. Backed by the BlackRock USD Institutional Digital Liquidity Fund (BUILD) and in partnership with Securitize Markets LLC, UStb offers a distinct alternative to the existing USDe stablecoin. BUILD, BlackRock’s first tokenized fund launched in March 2024 on a public blockchain Ethereum, allows investors to earn interest in U.S. dollars through Securitize Markets LLC. Securitize Markets LLC specializes in tokenizing real-world assets (RWA), providing investors with the opportunity to access tokenized digital assets through innovative blockchain technology projects. BUILD invests in U.S. Treasury bills, notes and other obligations and has rapidly grown to become the largest tokenized U.S. Treasury fund, currently accumulating over $522 million in assets under management (AUM).

Ethena Labs, the developer of the Ethereum-based synthetic dollar protocol, has announced the launch of UStb, a new fiat stablecoin. Backed by the BlackRock USD Institutional Digital Liquidity Fund (BUILD) and in partnership with Securitize Markets LLC, UStb offers a distinct alternative to the existing USDe stablecoin. BUILD, BlackRock’s first tokenized fund launched in March 2024 on a public blockchain Ethereum, allows investors to earn interest in U.S. dollars through Securitize Markets LLC. Securitize Markets LLC specializes in tokenizing real-world assets (RWA), providing investors with the opportunity to access tokenized digital assets through innovative blockchain technology projects. BUILD invests in U.S. Treasury bills, notes and other obligations and has rapidly grown to become the largest tokenized U.S. Treasury fund, currently accumulating over $522 million in assets under management (AUM).

Taurus SA, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has partnered with Swiss equity tokenization platform Aktionariat AG to create the first regulated secondary market for tokenized shares of small and midsize enterprises (SMEs). According to the press release, Taurus will support selected shares tokenized with Aktionariat on the Ethereum blockchain. At the same time, Aktionariat will offer a path for client companies to start trading on the Taurus Digital Exchange (TDX). The companies become eligible for TDX admission as they grow in market capitalization and match specified criteria, Taurus said.

Taurus SA, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has partnered with Swiss equity tokenization platform Aktionariat AG to create the first regulated secondary market for tokenized shares of small and midsize enterprises (SMEs). According to the press release, Taurus will support selected shares tokenized with Aktionariat on the Ethereum blockchain. At the same time, Aktionariat will offer a path for client companies to start trading on the Taurus Digital Exchange (TDX). The companies become eligible for TDX admission as they grow in market capitalization and match specified criteria, Taurus said.

SBI Digital Markets (SBIDM), a subsidiary of Japan’s largest online financial services group, SBI Holdings, said it is working with German firm 21X, a distributed ledger technology (DLT)-based market infrastructure provider on listing tokenized securities. SBIDM will list tokenized securities on 21 X’s DLT market, which has a trading and settlement system on a public permissionless blockchain. 21X said it is in the process of applying for a license to operate a DLT trading and settlement system (DLT TSS) under the European Union’s DLT regime (DLTR). Once approved, 21X is expected to become a fully regulated DLT market operator in Europe, overseen by the European Securities and Markets Authority (ESMA).

SBI Digital Markets (SBIDM), a subsidiary of Japan’s largest online financial services group, SBI Holdings, said it is working with German firm 21X, a distributed ledger technology (DLT)-based market infrastructure provider on listing tokenized securities. SBIDM will list tokenized securities on 21 X’s DLT market, which has a trading and settlement system on a public permissionless blockchain. 21X said it is in the process of applying for a license to operate a DLT trading and settlement system (DLT TSS) under the European Union’s DLT regime (DLTR). Once approved, 21X is expected to become a fully regulated DLT market operator in Europe, overseen by the European Securities and Markets Authority (ESMA).

Truflation, a Coinbase Ventures-backed blockchain project, confirmed on Wednesday that it suffered a malware attack but did not disclose the value of compromised funds. “On September 25th, 2024, the Truflation team detected some abnormal activity,” the platform wrote on X. “We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement.”

Truflation, a Coinbase Ventures-backed blockchain project, confirmed on Wednesday that it suffered a malware attack but did not disclose the value of compromised funds. “On September 25th, 2024, the Truflation team detected some abnormal activity,” the platform wrote on X. “We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement.”

The TON blockchain has had a box office year — buoyed by the runaway success of clicker games like Hamster Kombat and a strong bull run. Its native token Toncoin has more than doubled in value since January and is now one of the 10 biggest cryptocurrencies by market cap, comfortably outperforming Bitcoin and Ether.

The TON blockchain has had a box office year — buoyed by the runaway success of clicker games like Hamster Kombat and a strong bull run. Its native token Toncoin has more than doubled in value since January and is now one of the 10 biggest cryptocurrencies by market cap, comfortably outperforming Bitcoin and Ether.

Global payments behemoth PayPal has announced that it will allow US business account customers to buy, hold and sell cryptos directly from their accounts. The move comes as business clients increasingly seek to use the crypto services available to customers. Further, PayPal intends to increase its crypto reach into mainstream business operations. The functionality for business accounts will not be available in New York State, the announcement read. PayPal and its peer-to-peer payments app Venmo, first allowed consumers to manage crypto in 2020. Thereafter, the company has “continuously made significant steps to increase cryptocurrency’s utilisation,” the announcement read.

Global payments behemoth PayPal has announced that it will allow US business account customers to buy, hold and sell cryptos directly from their accounts. The move comes as business clients increasingly seek to use the crypto services available to customers. Further, PayPal intends to increase its crypto reach into mainstream business operations. The functionality for business accounts will not be available in New York State, the announcement read. PayPal and its peer-to-peer payments app Venmo, first allowed consumers to manage crypto in 2020. Thereafter, the company has “continuously made significant steps to increase cryptocurrency’s utilisation,” the announcement read.

In a recent case, a U.S. federal court has ordered William Koo Ichioka, a New York resident, to pay over $36 million in restitution and penalties after being found guilty of orchestrating a fraudulent cryptocurrency and foreign exchange investment scheme. The Commodity Futures Trading Commission (CFTC), which has tightened its grip on the cryptocurrency market, led the case.

In a recent case, a U.S. federal court has ordered William Koo Ichioka, a New York resident, to pay over $36 million in restitution and penalties after being found guilty of orchestrating a fraudulent cryptocurrency and foreign exchange investment scheme. The Commodity Futures Trading Commission (CFTC), which has tightened its grip on the cryptocurrency market, led the case.

US-listed spot Bitcoin ETFs recorded their fifth consecutive day of inflows, amassing a total of $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led the surge, attracting $184 million in net investments, according to Farside Investors data. Meanwhile, Bitwise’s Bitcoin ETF (BITB) gained an additional $2 million. However, not all funds shared this momentum.

US-listed spot Bitcoin ETFs recorded their fifth consecutive day of inflows, amassing a total of $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led the surge, attracting $184 million in net investments, according to Farside Investors data. Meanwhile, Bitwise’s Bitcoin ETF (BITB) gained an additional $2 million. However, not all funds shared this momentum.

By February, that number had jumped to $227 billion. As people's hunger grows for investments aligned with their own values, companies are putting a higher priority on many ESG measures ... while still keeping their eye on the bottom line. "Given the growing investor focus on positive and negative screening, improvement in performance on ESG metrics is a key target of corporates. However, most are also seeking to ensure their actions improve economic efficiency too," Barclays strategists said in a recap of their inaugural ESG EM Corporate Day. "Plans to reduce emissions are closely aligned with cost reduction gains, for example. Or, if premiums emerge for low carbon products in the future, companies are keen to invest now in order to gain revenue benefit subsequently."

By February, that number had jumped to $227 billion. As people's hunger grows for investments aligned with their own values, companies are putting a higher priority on many ESG measures ... while still keeping their eye on the bottom line. "Given the growing investor focus on positive and negative screening, improvement in performance on ESG metrics is a key target of corporates. However, most are also seeking to ensure their actions improve economic efficiency too," Barclays strategists said in a recap of their inaugural ESG EM Corporate Day. "Plans to reduce emissions are closely aligned with cost reduction gains, for example. Or, if premiums emerge for low carbon products in the future, companies are keen to invest now in order to gain revenue benefit subsequently."

The U.S. presidential elections are arguably the most significant political event globally. Analysts are nervously monitoring the campaign, trying to figure out the possible implications for global risk assets. In this article, Octa aims to investigate how the result of the U.S. elections can impact crypto prices and the industry in general. Another exciting year for the crypto market is still in its making, with popular cryptocurrencies already showboating their impressive price action so far. Most significant was Bitcoin's move, as the coin managed to break to a new all-time high level. Although corrected lower, it still remains positive on a year-to-date basis. Crypto traders are keeping an eye out for opportunities, especially as important economic and political events are looming.

The U.S. presidential elections are arguably the most significant political event globally. Analysts are nervously monitoring the campaign, trying to figure out the possible implications for global risk assets. In this article, Octa aims to investigate how the result of the U.S. elections can impact crypto prices and the industry in general. Another exciting year for the crypto market is still in its making, with popular cryptocurrencies already showboating their impressive price action so far. Most significant was Bitcoin's move, as the coin managed to break to a new all-time high level. Although corrected lower, it still remains positive on a year-to-date basis. Crypto traders are keeping an eye out for opportunities, especially as important economic and political events are looming.

The focus is now on the economic data. If we start to see an improvement, then Treasury yields will likely rise and drive USDCHF higher. Conversely, if the data weakens significantly, the market will start to worry about a recession and take USDCHF lower. For the CHF, the SNB today cut rates by 25 bps bringing the policy rate to 1.00%. The central bank mentioned that it’s prepared to intervene in currency markets as necessary and the new inflation forecasts were revised significantly lower signalling more rate cuts to follow. That was not enough for the market to lead to a weaker CHF as the currency is now positive on the day. USDCHF Technical Analysis – Daily Timeframe

The focus is now on the economic data. If we start to see an improvement, then Treasury yields will likely rise and drive USDCHF higher. Conversely, if the data weakens significantly, the market will start to worry about a recession and take USDCHF lower. For the CHF, the SNB today cut rates by 25 bps bringing the policy rate to 1.00%. The central bank mentioned that it’s prepared to intervene in currency markets as necessary and the new inflation forecasts were revised significantly lower signalling more rate cuts to follow. That was not enough for the market to lead to a weaker CHF as the currency is now positive on the day. USDCHF Technical Analysis – Daily Timeframe