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Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 02:06Strategy CEO: There is no issue with being unable to pay dividends, but some people are spreading rumors.Jinse Finance reported that bitcoin treasury company Strategy posted on X platform the latest CNBC interview with its CEO Phong Le. He pointed out that Strategy does not have any issues paying dividends, but there are rumors being spread that the company cannot fulfill its dividend obligations, which has led the market to short bitcoin. Regarding the establishment of a $1.44 billion dividend reserve fund, Phong Le stated that Strategy raised $1.44 billion in just eight and a half days, equivalent to 21 months of dividend payments. The purpose of this was firstly to eliminate FUD (fear, uncertainty, and doubt), and secondly to prove to the market that even during a bitcoin down cycle, Strategy can still quickly raise funds.
- 01:44Investment bank Cantor Fitzgerald lowers Strategy's target price by 59% to $229, but maintains "Overweight" ratingAccording to ChainCatcher, analysts at investment bank Cantor Fitzgerald have set a 12-month target price of $229 for Strategy stock, about 59% lower than the previous expectation of $560. However, Cantor Fitzgerald has reiterated its "Overweight" rating and remains optimistic in the long term. The analysts now expect that over the next year, Strategy will raise $7.8 billion from the capital markets, instead of the previously expected $22.5 billion.
- 01:31Yield Basis has activated the fee switchOn December 6, it was reported that Yield Basis, a protocol developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, becoming the latest crypto protocol to direct revenue to token holders. Some Yield Basis users have four weeks to claim more than 17 bitcoins accumulated since the protocol's launch in September. These bitcoins were worth nearly $1.6 million on Friday. The proposal to activate the fee switch was unanimously approved by Yield Basis token holders on Wednesday.