BTC/USD & ETH/USD Key Points Traders split on whether the Fed will cut 25bps or 50bps this week after the WSJ’s “Fed Whisperer” reopened the door for a 50bps rate cut. US election prediction markets have tightened following the debate, a potential headwind for cryptoassets. Both Bitcoin and Ether bounced back strongly from support. Cryptoasset Market News Bitcoin hashrate hit all time highs, climbing to 692 exahash per second. The Swiss National Bank disclosed holdings of 466,000 shares of MicroStrategy. Goldman Sachs also disclosed $418M in BTC ETF holdings. The US Government moved 10,000 of Silk Road BTC worth $590M from one wallet to another, a possible precursor for another round of long-dormant supply dumping. While not crypto-specific news per se, US Democratic Presidential Candidate Kamala Harris laid out her economic agenda last week. Many of the priorities could be characterized as “populist,” including the elimination of medical debt for millions of Americans, a ban on price gouging for groceries and food, a cap on prescription drug costs, a $25,000 subsidy for first-time homebuyers, and an expansion to the Child Tax Credit. Many observers have labeled these priorities as likely inflationary, a development that could benefit cryptoassets at the expense of the US dollar if Harris is elected.