everyone's staring at the same clock today 🇺🇸 #FOMC
⚡️Today Fed will drop their rate decision & Powell's replacement gets on the mic for the press conference and half of crypto twitter is just sitting there refreshing charts waiting to see which way things snap. rate held at 3.5 / 3.75 is what most people expect but nobody actually knows what happens after that presser starts talking.
📍this is the kind of day where everyone remembers how connected crypto still is to what one committee in a room decides. one sentence about inflation and entire portfolios move.
and that's exactly why the stuff outside that room matters more than people give it credit for.
while everyone's glued to a rate decision they can't control, there are things actually being built that don't depend on what any central bank says next. #Babylon Trustless Bitcoin Vaults, TBV, let your actual bitcoin work as collateral without wrapping it or handing it to a custodian. no fed announcement changes whether your own BTC can be used to borrow against on Aave v4, it's just live on testnet right now, self custodial the whole way through.
funny how that works. the biggest headline of the day is a room full of people deciding rates and the more useful thing today is realizing you don't need to wait on anyone's decision to actually put your bitcoin to work.
go try the testnet flow while the rest of the timeline is busy doomscrolling fed headlines.
@BabylonLabs_io $BABY #baby
⚡️Today Fed will drop their rate decision & Powell's replacement gets on the mic for the press conference and half of crypto twitter is just sitting there refreshing charts waiting to see which way things snap. rate held at 3.5 / 3.75 is what most people expect but nobody actually knows what happens after that presser starts talking.
📍this is the kind of day where everyone remembers how connected crypto still is to what one committee in a room decides. one sentence about inflation and entire portfolios move.
and that's exactly why the stuff outside that room matters more than people give it credit for.
while everyone's glued to a rate decision they can't control, there are things actually being built that don't depend on what any central bank says next. #Babylon Trustless Bitcoin Vaults, TBV, let your actual bitcoin work as collateral without wrapping it or handing it to a custodian. no fed announcement changes whether your own BTC can be used to borrow against on Aave v4, it's just live on testnet right now, self custodial the whole way through.
funny how that works. the biggest headline of the day is a room full of people deciding rates and the more useful thing today is realizing you don't need to wait on anyone's decision to actually put your bitcoin to work.
go try the testnet flow while the rest of the timeline is busy doomscrolling fed headlines.
@BabylonLabs_io $BABY #baby