📈 TradFi Daily | 10.13
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🇺🇸 U.S. Stocks
▪️ U.S. stocks closed with a clear divergence: the storage sector weakened, with Micron down 3.88% and SanDisk down 5.97%; Meta bucked the trend, rising 3.38% on optimism following the launch of its new Muse Wonder product; LVMQ sales fell short of expectations, weighing on luxury stocks broadly
▪️ Rates: Federal funds futures put the odds of the Fed holding rates steady in October at 79.5%. Cleveland Fed President Hammack said she wants to bring inflation under control without harming employment, suggesting rates may need to remain in a relatively high range. Asset-management giant BlackRock turned bullish on short-term Treasuries while trimming its equity exposure, signaling a more defensive stance
🥇 Gold & Commodities
▪️ Holdings in the SPDR Gold Trust increased by 2.281 tonnes to 1,055.411 tonnes, extending the recent accumulation trend. Continued inflows reflect ongoing safe-haven buying amid sticky inflation and geopolitical risks
🛢️ Crude Oil
▪️ Tensions in the Strait of Hormuz escalated sharply: Iran’s Islamic Revolutionary Guard Corps announced it had attacked an illegal oil tanker in the strait, and the UK maritime agency later confirmed that six vessels had been attacked in nearby waters. Qatar Airways then suspended flights to Riyadh and Dammam in Saudi Arabia, while marine insurance rates and concerns over supply disruptions rose rapidly
🔗 BTC Connections
▪️ Middle East conflict and sticky inflation have heightened macro-driven risk aversion. Gold ETFs saw inflows, while risk assets also came under pressure: $BTC fell below $83,000 intraday, and $ETH dropped below $2,500; both posted modest declines over 24 hours
▪️ The structural buying narrative remains intact: Strategy announced a rolling target to double its Bitcoin holdings per share over the next seven years, extending the corporate treasury theme. XRP treasury firm Evernorth closed lower on its first day on Nasdaq, suggesting the market remains cautious in valuing non-BTC treasury models
▪️ On the regulatory front, the FSB warned in a report that the $300 billion stablecoin market could face run risks even if fully backed by reserves. DeFi and stablecoin infrastructure remain key areas to watch for future policy developments #TradFi #BTC
This content does not constitute investment advice. Crypto markets are highly volatile; be sure to manage risk.
━━━━━━━━━━━━━
🇺🇸 U.S. Stocks
▪️ U.S. stocks closed with a clear divergence: the storage sector weakened, with Micron down 3.88% and SanDisk down 5.97%; Meta bucked the trend, rising 3.38% on optimism following the launch of its new Muse Wonder product; LVMQ sales fell short of expectations, weighing on luxury stocks broadly
▪️ Rates: Federal funds futures put the odds of the Fed holding rates steady in October at 79.5%. Cleveland Fed President Hammack said she wants to bring inflation under control without harming employment, suggesting rates may need to remain in a relatively high range. Asset-management giant BlackRock turned bullish on short-term Treasuries while trimming its equity exposure, signaling a more defensive stance
🥇 Gold & Commodities
▪️ Holdings in the SPDR Gold Trust increased by 2.281 tonnes to 1,055.411 tonnes, extending the recent accumulation trend. Continued inflows reflect ongoing safe-haven buying amid sticky inflation and geopolitical risks
🛢️ Crude Oil
▪️ Tensions in the Strait of Hormuz escalated sharply: Iran’s Islamic Revolutionary Guard Corps announced it had attacked an illegal oil tanker in the strait, and the UK maritime agency later confirmed that six vessels had been attacked in nearby waters. Qatar Airways then suspended flights to Riyadh and Dammam in Saudi Arabia, while marine insurance rates and concerns over supply disruptions rose rapidly
🔗 BTC Connections
▪️ Middle East conflict and sticky inflation have heightened macro-driven risk aversion. Gold ETFs saw inflows, while risk assets also came under pressure: $BTC fell below $83,000 intraday, and $ETH dropped below $2,500; both posted modest declines over 24 hours
▪️ The structural buying narrative remains intact: Strategy announced a rolling target to double its Bitcoin holdings per share over the next seven years, extending the corporate treasury theme. XRP treasury firm Evernorth closed lower on its first day on Nasdaq, suggesting the market remains cautious in valuing non-BTC treasury models
▪️ On the regulatory front, the FSB warned in a report that the $300 billion stablecoin market could face run risks even if fully backed by reserves. DeFi and stablecoin infrastructure remain key areas to watch for future policy developments #TradFi #BTC
This content does not constitute investment advice. Crypto markets are highly volatile; be sure to manage risk.