CPI surprise reinforces rate-cut expectations, as crypto rallies with ETH moving to $4.7K and BTC closing in on $120K.
Extended macro tailwinds; Fed cut odds near certainty.
Leverage build-up across top altcoins hits a record $47 billion in Open Interest, raising volatility risk into resistance levels. Low implied volatility pricing across all maturities sets the stage for a possible sharp realized vol expansion.
The two treasuries fund their accumulation in very different ways, and a filing shows Strive holding a stake in Strategy's own preferred stock, so the two are not just parallel bets on bitcoin. They hold each other's paper.
The deal puts a bank-issued stablecoin on a major exchange while giving that exchange's institutional clients access to round-the-clock dollar settlement.
