The market awaits Fed Chairman Jerome Powell's speech at the Jackson Hole symposium today, but that is not all that happened this week...
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All Eyes on Jackson Hole
Revised U.S. employment data adds uncertainty about the economy as market participants await Jerome Powell’s speech at Jackson Hole. Bitfarms buys Stronghold in a $175m deal, and crypto firms make up almost half of 2024 election spending. In Trending Topics, we look at crypto’s surge as an institutional asset class.
In today's report, we examine the potential short squeeze setup in perps, with multiple metrics pointing toward bearish trades becoming crowded.lg...more
Pump.fun enables anyone to launch a Solana memecoin at zero cost, which has led to a massive surge in memecoin launches. Solana has been dubbed the "memecoin chain", but we consider if this is warranted and whether traders should even get involved.lg...more