Earnings season officially kicked off tonight, and Galaxy Digital was first to report on the crypto side: third-quarter net income of $323 million, EPS of $0.66—or $0.83 adjusted, beating expectations—and it also added a $200 million buyback.
There was another move the same day that could easily be misread: a BlackRock ETF wallet transferred 1,698 BTC, worth about $136 million, to Coinbase. To be clear, Coinbase is already its custodian. This kind of transfer is nothing like “dumping,” so don’t let the headlines lead you astray.
That was just the warm-up. The main event comes in the early hours of the 29th: the Fed’s rate decision at 02:00, followed shortly by earnings from Google and Microsoft. Whether all that AI spending is paying off, and whether interest rates stay put, will become clear that night.
Here’s a question: when you wake up on the morning of the 29th, do you think $BTC will be above or below 80,000?
There was another move the same day that could easily be misread: a BlackRock ETF wallet transferred 1,698 BTC, worth about $136 million, to Coinbase. To be clear, Coinbase is already its custodian. This kind of transfer is nothing like “dumping,” so don’t let the headlines lead you astray.
That was just the warm-up. The main event comes in the early hours of the 29th: the Fed’s rate decision at 02:00, followed shortly by earnings from Google and Microsoft. Whether all that AI spending is paying off, and whether interest rates stay put, will become clear that night.
Here’s a question: when you wake up on the morning of the 29th, do you think $BTC will be above or below 80,000?