Molly McGown, U.S. interest rate strategist at TD Securities, said the upcoming CPI would serve as a "higher threshold" for the Federal Reserve to pause its rate-cutting program at its next meeting after the jobs data is released. TD Securities expects the Fed to pause rate cuts early next year as policymakers review Trump's fiscal policy after he takes office in January. "We know from Powell that once he knows what the actual policy is, he will start putting it into the policy framework," Molly...
BitMEX CGO Raphael said that ETH/BTC has now given up all the gains since EIP-1559 was upgraded to a deflationary mechanism in 2021. Bitcoin's continued outperformance of Ethereum is becoming the basic expectation of the market. ETF inflows into Bitcoin tend to be more than 100 times that of Ethereum. MicroStrategy continues to raise billions of dollars to buy Bitcoin, and some large public companies (such as Tesla) also hold Bitcoin instead of Ethereum.