Last Friday, all three major US stock indices closed higher—Dow Jones +0.22%, Nasdaq +0.31%, S&P 500 +0.19%. The September core PCE data cooled off, giving this week’s rate decision a shot of confidence. With inflation data cooperating like this, there are basically no obstacles left on the path to rate cuts.

The key moment is here: at 3 AM on Thursday, the Fed’s rate decision will be announced, immediately followed by Powell’s monetary policy press conference. The market is currently betting on a 25 basis point rate cut, but Powell’s last speech caused the market to drop directly. What he says this time is the real highlight. US stocks are hovering at historical highs, and BTC is tugging around $90,000—this week’s trend is crucial.

Additionally, keep an eye on the Bank of Japan’s moves. If Japan really hikes rates, those arbitrage funds crossing between yen and dollars might pull out. A liquidity drain will likely cause some market volatility.

In hot topics, MicroStrategy’s CEO has hinted again at continuing to buy BTC, and their current holdings are up 19%, looking pretty good. The US SEC chairman stated that the entire financial market would migrate on-chain within two years, which is a big positive for Circle and certain compliant trading platforms.

On the domestic side, Moore Threads, China’s first listed GPU company, had its co-founder Li exposed for previously issuing a token and still owing Xu Mingxing 1,500 BTC. Xu Mingxing responded toughly on Twitter: leave it to the law.

Stable will be listed for spot trading on a certain exchange tonight at 9 PM, with no movements yet on other platforms.