The weekend was anything but calm. Iran said the Strait of Hormuz would only reopen if US forces withdrew from the Middle East, and Egypt also sent troops into the fray, leaving the oil supply chain on edge. Central banks went on a gold-buying spree in September, snapping up 63 tonnes—the highest total since late 2024. The big players are voting with real money, and that’s more honest than any indicator.
Things were even worse for US stocks: the Nasdaq 100 fell 5.5% this week, its worst week since April 2025. Goldman Sachs came right out and said the AI trade was showing signs of capitulation. Risk appetite took a brutal hit, so I was already mentally prepared for $BTC to get dragged down too.
But there was good news on the other side: Trump suddenly mentioned Hyperliquid, saying the SEC chair was pushing to bring $HYPE to the US. Goldman Sachs, Wells Fargo, and Morgan Stanley also said tokenization was an opportunity for growth, not a threat. And RWA perpetual futures on $INJ have topped $1.1 billion in trading volume this year. Wall Street’s stance on RWA is quietly shifting—and that matters more than slogans.
My take: the macro picture is a bloodbath, but the narratives around RWA and on-chain derivatives are only getting stronger as prices fall. Next week, keep an eye on the Iran situation and market sentiment at Monday’s open. Don’t rush to buy the dip—survive first. NFA DYOR
#BTC #HYPE #RWA #黄金 #Cryptocurrency
Things were even worse for US stocks: the Nasdaq 100 fell 5.5% this week, its worst week since April 2025. Goldman Sachs came right out and said the AI trade was showing signs of capitulation. Risk appetite took a brutal hit, so I was already mentally prepared for $BTC to get dragged down too.
But there was good news on the other side: Trump suddenly mentioned Hyperliquid, saying the SEC chair was pushing to bring $HYPE to the US. Goldman Sachs, Wells Fargo, and Morgan Stanley also said tokenization was an opportunity for growth, not a threat. And RWA perpetual futures on $INJ have topped $1.1 billion in trading volume this year. Wall Street’s stance on RWA is quietly shifting—and that matters more than slogans.
My take: the macro picture is a bloodbath, but the narratives around RWA and on-chain derivatives are only getting stronger as prices fall. Next week, keep an eye on the Iran situation and market sentiment at Monday’s open. Don’t rush to buy the dip—survive first. NFA DYOR
#BTC #HYPE #RWA #黄金 #Cryptocurrency