🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

🤝 @Cryptocurrency_Inside ✅

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💰 BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy

Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Bitcoin exchange reserves drop to 2018 levels

The number of Bitcoin held on exchanges significantly declined in September, dropping to levels last seen in mid-November 2018. Since the beginning of the month, Bitcoin exchange reserves have dropped from approximately 2.62 million BTC to 2.58 million BTC. This decline of nearly 38,000 BTC in just over two weeks follows a continued trend of Bitcoin flowing out of exchanges at an accelerated pace.

Source

@Bitcoin_Ethereum_Altcoins

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💰 92% of Bitcoin exchange inflows come from short-term holders

In the past month, the majority of Bitcoin exchange inflows have come from short-term holders, based on CryptoQuant data. According to the data, addresses that held BTC for less than three months made up over 92% of the total exchange inflows on Sep. 12. Over 83% of exchange inflows came from coins held for less than a week.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Standard Chartered: #Bitcoin Could Hit $125K Under Trump, $75K Under Harris

Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or $75,000 under Harris, with temporary drops under a Harris presidency. Regulatory concerns loom, but other factors, like U.S. Treasury curve movements, provide a positive outlook.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Bitcoin mining CEOs agree on $250k price target for 2028 halving

Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings.

Source

@Bitcoin_Ethereum_Altcoins

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🕯 Most Volatile Stocks / 05.09.2024

🚘 Tesla shares rose more than 6% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators. This comes about a month ahead of the company's unveiling of its robotaxi product, "Cybercab", underpinned by the technology that helps drivers accelerate, brake and steer in cities and highways with human supervision.

👔 G-III Apparel Group shares surged 24% after the apparel maker posted second-quarter results that topped estimates. Management said performance in its owned brands was strong with DKNY and Karl Lagerfeld up double digits. The company also added a new licensing agreement with Converse in the quarter. CEO Morris Goldfarb said the company was raising its earnings guidance for the year

🖥 C3ai stock tumbled 8% on Thursday after the maker of AI enterprise software posted weaker-than-expected subscription revenue for its first quarter of fiscal year 2025. The stock's decline illustrates how investors are increasing scrutiny of companies whose stocks have benefited from the artificial intelligence hype. Four firms lowered their price target on the stock following the report. JPMorgan analysts noted professional services revenue of $13.5 million came in well ahead of expectations for the quarter, but subscription revenue of $73.5 million came in 7% below consensus.

🖨 Hewlett Packard Enterprise Co. shares dropped 6% after HPE reported weaker-than-expected margins, suggesting lower profitability than anticipated in its closely watched business of selling servers for artificial intelligence work. Investors have become increasingly concerned about the lower margins of most AI servers, owing to the expensive semiconductors they contain made by companies such as Nvidia Corp. In an interview, Chief Executive Officer Antonio Neri said that over time HPE will sell more higher-margin products and services along with the AI servers..

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💰 Bitcoin to eventually bottom as perp funding rates remain negative: K33 report

While bearish sentiment remains sticky as macro uncertainty looms over crypto and traditional markets, it has led to a perpetual funding rate signal that points toward a potential market bottom for bitcoin, according to analysts at K33 Research. Bitcoin has struggled in recent weeks amid uncertainty over the economy, the impact of potential Federal Reserve rate cuts and weak U.S. jobs data.

Source

@Bitcoin_Ethereum_Altcoins

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🕯 Most Volatile Stocks / 04.09.2024

🔽Shares of United States Steel Corporation fell more than 20% on Wednesday as the Washington Post reported President Joe Biden is preparing to announce he will formally block Nippon Steel proposed $14.9 billion acquisition of the company. The post cited three people with "knowledge of the matter" but noted a White House official declined to comment.

🔽Dollar Tree stock is getting crushed in Wednesday's trading. The discount retailer's share price was down 24%. On Wednesday morning, Dollar Tree published results for its fiscal second quarter, which ended Aug. 3. Sales and earnings fell short of analysts' consensus expectations, and management cut its full-year guidance targets. The company continued to face some macroeconomic headwinds, and expenses from store openings and legal liability costs also weighed on the bottom line.

🔽Zscaler stock collapsed in morning trading Wednesday, down by 17.8%, even though the company crushed analysts' forecasts for its fiscal fourth quarter when it reported after the closing bell Tuesday. Turns out, though, investors were less interested in Zscaler's recent past and more worried about what might happen next year. CEO Jay Chaudhry hailed the results as "exceeding the high end of our guidance across all metrics." And Zscaler made good progress toward achieving true GAAP profitability.

🔼Shares of GitLab were soaring today after the DevOps cloud software specialist posted strong results in its fiscal 2025 second-quarter earnings report, beating estimates on the top and bottom lines. In a difficult environment for cloud software companies, GitLab keeps delivering solid growth. CEO Sid Sijbrandij said, "Our results show the combination of our end-to-end platform and AI solutions are driving results for our customers by aligning to business goals, providing measurable results, and improving security."

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↗️ The Bullish Trend In The Indian Market Is Only Halfway Through

🇮🇳 India's stock market rally is adding weight to its indices and creating a dilemma for global fund managers: sit back and watch their relative risk exposure decline as the market rises, or buy shares at increasingly attractive prices. Most of them consider the latter too risky and are looking for alternatives. Some are investing in smaller Indian companies, while others are looking to other emerging markets.

🔝The trend was driven by years of strong returns in India while Chinese markets suffered a slump, leading to a change in their weighting in the MSCI Emerging Markets Index, which serves as a benchmark for global emerging market funds.

📊India's share of the MSCI EM index has risen to 19% from 8% four years ago, and analysts at Nuvama Alternative & Quantitative Research expect it to exceed 22% by the end of this year. China's share fell from 40% to 25% over the same period, according to MSCI data.

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