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Joined July 2024
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🚨 FED MEETING THIS WEEK!
Forecasted at: 5.25% (previous: 5.50%), which is a drop of 0.25%.
The market has priced this in as of now.
IF the FED drops by 0.5%, expect high levels of volatility.
🚨 NON FARM PAYROLL ALERT 🚨
Friday, Sept 6th @ 8:30 am edt
An unemployment reading higher than 4.2% would generally be Bullish 🐂 for Crypto, while a lower than forecast would generally be Bearish 🧸
BIG News Events this week:
> Wednesday @ 2pm EDT: FOMC Meeting Minutes
>Friday @ 10am EDT: Powell Speaks
Consensus is that rates will be coming down. If they cut more than .25 points, we should see a rally in crypto🐂.
BIG news reports this week:
1) The Producer Price Index (PPI) estimated at 0.2%
2) Core Consumer Price Index (CPI) estimated at 0.2%
3) Core Retail Sales, estimated at 0.1%
👉Significant variations from these estimates, will inversely affect the crypto markets.
GALNT Exchange retweeted
It's mid-Q3 and the Aptos ecosystem continues to deliver 🌐📊
-20M unique users: 445K+ new sign-ups in last week of July alone
-1B transactions processed on Aptos mainnet
-2x TVL since start of 2024, led by @AmnisFinance @AriesMarkets @CellanaFinance @EchelonMarket @ThalaLabs
Dive into community-led initiatives, partnerships, and more in the Aptos July roundup ⤵️
aptosfoundation.org/currents…
Initial Jobless Claims Report August 8th @ 8:30am edt
Previous: 249K
Forecasted: 245K
A reading higher than 245K would be generally negative (🧸) for the USD, while a lower than reading would generally be supportive (🐂) for the USD.
Non Farm Payroll report Aug 2nd @ 08:30 edt
If the #'s come out stronger than expected = 🧸Bearish for the crypto markets. Weaker than expected = 🐂Bullish for crypto.
We are proud to announce that Aptos Foundation has selected GALNT as a grant recipient to accelerate our project on @Aptos!
Excited to be part of the ecosystem and push the boundaries of what's possible in DeFi & web3. 🧵
◌ To join a waitlist for our upcoming cross chain DEX launch, visit: galnt.com/