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Fed Chair Kevin Warsh is weighing a cut to the number of Fed rate meetings, according to The New York Times

📉 $LINK Short Setup $LINK is showing signs of weakness after rejecting a key resistance zone. Price is struggling to maintain bullish momentum, increasing the probability of a bearish continuation. As long as resistance holds, a move toward lower support levels remains the higher-probability scenario.

$GRAM is showing signs of strength after breaking above the long-term descending trendline. As long as the breakout holds, momentum could continue building, with the next major target around $1.65-$1.70.

Leopold Aschenbrenner’s $20B fund was almost completely liquidated. Aschenbrenner became famous for his big bet on AI and chipmakers, which helped his fund grow to around $20B-$24B. But after the AI sector correction, some positions dropped more than 35%, and the fund ended up selling almost all of its public assets - around two-thirds of the portfolio - to another hedge fund near the lows. The most ironic part: j…

JUST IN: Microsoft $MSFT records biggest single-day gain since 2008, surging 16%

JUST IN: 🇯🇵 Japan sells US dollars and buys yen in massive currency intervention after yen falls to 40-year low. https://t.me/Smartcryptohubx

Now to the main point. The most important part of yesterday’s speech was Warsh’s focus on rising Treasury yields. The Fed will be watching this indicator closely, because it is still unclear whether the move is connected to pricing in a possible September rate hike, or whether it is being driven by broader economic factors. We will see more clearly in August. Against this backdrop, expectations for a rate hike have …

Fed recap. After listening to Warsh yesterday, it becomes much easier to understand why Trump wanted to get rid of Powell. And the reason is not just rate cuts. Trump needs someone who can communicate the message properly and place the right accents. Even if rates need to stay unchanged or even move higher, the key is to keep the balance and avoid damaging the stock market too much. Trump loves to brag about a stro…

$BTC briefly pushed above $64K. And just a few minutes ago, someone’s short was liquidated for $4.74M in a single order. Over the past 4 hours, the market has liquidated $120M in longs and $43M in shorts. In other words, both sides got chopped. Volatility is back, and leverage is getting punished again.

Why did I close my position? I didn’t want to sit through the correction. I had a solid profit, and in this market it’s better to lock it in right away — otherwise, instead of taking profit, you might end up getting stopped out at breakeven…

For Ethereum, I’m expecting a pullback to the $1,900 level first, followed by a move toward the $2,000 zone

#ETHUSDT https://tradingview.com/x/0gv3lFr3