US leading economic indicators are still deteriorating:
The ratio of US leading to coincident economic indicators is down to 0.85, the lowest level since 2008.
This ratio has now declined for 4 consecutive years.
The Conference Board Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations, manufacturing orders, weekly hours, and initial jobless claims.
Meanwhile, the Coincident Economic Index (CEI) measures current economic conditions in real time, such as nonfarm payrolls.
Historically, in every case where this ratio has declined as sharply as it has now, the US economy was in a recession.
📉 BTC: -$194.64 million 📉 ETH: -$41.57 million 🟩 SOL: +$4.59 million 🟩 XRP: +$12.84 million
⚡️ The shift in institutional sentiment continues… with declining interest in Bitcoin and Ethereum yesterday, while buying into Solana and XRP increased.
BlackRock’s iShares Bitcoin Trust just posted its longest run of weekly outflows since launching in January 2024. Investors pulled more than $2.7 BILLION from the fund.
even after five outflow weeks, IBIT still manages over $71B in assets after nearly touching $100B at its peak, and another ~$113M left Thursday, putting it on track for a sixth straight week of redemptions as BTC sits ~27% off highs.
A rapid surge in ZEC's market capitalization from $6.3 billion to $6.7 billion in a very short time forced short sellers to cover their positions, resulting in:
💥 $710 million in short liquidation in just one hour!
🔴Multiple sources are now circulating rumours that the Bank of Japan is expected to raise interest rates in December, potentially bringing them to the highest level in 30 years.
According to these reports, the BOJ is likely to hike rates by 25 basis points to 0.75% at its 19 December meeting – the highest level since 1995. Recent comments from Governor Ueda have led markets to price in roughly a 90% probability that the decision to hike is effectively “sealed”, especially as the economic outlook has improved on the back of strong corporate profits and expectations of wage growth.
The BOJ still describes this as a move away from ultra-easy policy rather than outright tightening, but signals it could continue raising rates if incoming data supports it. This scenario is putting upward pressure on the yen, as markets are seen as not fully pricing in the next phase of the BOJ’s rate-hike cycle.
A statement from Kevin Hassett is shaking the markets.
The leading candidate for the Federal Reserve chairmanship hints that an interest rate cut could happen next week… and market expectations are already pricing in a 90% probability of a 25-basis-point cut!
⬅️ Why is this important?
Because any move towards easing monetary policy means one thing:
🔺 US stocks: Stronger upward momentum
🔺 Crypto and high-risk assets: An ideal environment for any potential price rally
Next week… could be very different. 🚀
Do you think the market has priced in the next rate cut?
Solana Phone Drops A Token… And An Unfixable Exploit.
📲 Solana’s Seeker ships with SKR token, guardians, dApp store and all the Web3 buzzwords, so your phone can finally farm governance while you scroll. 😬 Tiny catch: Ledger says the Dimensity 7300 chip has a built-in hardware hole that lets someone with your phone in hand basically own it - and your keys - in minutes, no software patch possible.
🔥 CZ WON THE BITCOIN DEBATE IN LESS THAN A MINUTE.
CZ pulled out a gold bar during the Bitcoin v. Gold debate and asked Peter Schiff to verify if it was real. Schiff was unable to verify it without having extra tools.
CZ seized the moment to push the point that Bitcoin transactions are verified instantly, on the blockchain— while gold still struggles with basic authentication.