TL;DR

• Coinbase’s New Wave with Swell

• Bitcoin’s Sky-High Moment

• The Lords are Loving Digital Assets

• Fed Drops Rates (Just a Tad)

• Powell Taps the Brakes on Rate Cuts

• Trump Eyes Robinhood’s Dan Gallagher for SEC Chair

• Biden Promises a Smooth Handoff

• Powell Gives a Thumbs-Up to the Economy

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Alpha of the Day

Coinbase’s New Wave with Swell

Coinbase is gearing up to add Swell (SWELL) to its listings, and excitement is in the air. For anyone wondering, Swell isn’t about ocean tides but could make some waves in the crypto market. With Coinbase's knack for bringing tokens into the mainstream, this listing might be the launchpad Swell needs to make a splash. But hey, here’s hoping that investors don’t get seasick from the usual market turbulence. As the crypto community gears up for Swell’s debut, traders are waiting to see if this token can live up to its name and bring some refreshing gains.

Bitcoin’s Sky-High Moment

Bitcoin soared up to $76,849 in a flash, setting yet another all-time high and reminding everyone why it’s called the OG of crypto. One minute you’re checking the price casually, and the next, it’s climbing faster than an amusement park roller coaster. This meteoric rise had investors celebrating, tweeting, and refreshing price trackers every second. For now, Bitcoin is basking in its record-high glory, but hold on tight, because as every Bitcoiner knows, what goes up often comes down in crypto-land. But hey, at least we got a new high score!

The Lords are Loving Digital Assets

The British House of Lords has given its nod to the Digital Asset Property Bill, showing that even the most traditional institutions are warming up to the crypto revolution. This support marks a big moment for digital assets in the UK, setting up stronger protections and definitions for property in the digital realm. Who knew the Lords would be joining the crypto party? With their backing, the UK is taking a step closer to a digital financial future, complete with all the pomp and ceremony you’d expect. Who says blockchain can’t be classy?

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Fed Drops Rates (Just a Tad)

The Federal Reserve announced a 0.25% rate cut, keeping things conservative in the rate-slashing department. This move might not be the most dramatic, but it’s like a polite nod to the economy, signaling a little relief without making any wild decisions. In classic Fed style, they’re trimming rates to keep growth steady but avoiding any drastic measures that could shock the markets. For the rest of us, it’s time to sit back, watch, and see if this small cut has a big impact on investments or if it’s more of a “blink and you’ll miss it” moment.

Powell Taps the Brakes on Rate Cuts

Fed Chair Jerome Powell hinted that as the neutral rate comes into view, it might be time to ease up on the rate-cutting spree. Basically, as inflation cools off, the Fed doesn’t want to go overboard and cut rates too quickly. Powell’s approach? Slow and steady wins the race. By taking a cautious stance, he’s signaling that the economy may not need too much “help” anymore. Investors are reading between the lines, wondering if this means the party’s winding down or if Powell’s just making sure we don’t overdo it.

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Trump Eyes Robinhood’s Dan Gallagher for SEC Chair

The Trump team is eyeing Robinhood’s legal eagle, Dan Gallagher, for the SEC chairman role, potentially shaking up Wall Street’s watchdog. Gallagher, who’s spent time navigating the legal side of finance, could bring a fresh (or disruptive) perspective to the SEC. Robinhood traders are already buzzing about what a crypto-savvy chairman might mean for regulations. If he gets the nod, we could see some big changes coming down the regulatory pipeline. Grab your popcorn—this nomination could bring a new spin to the SEC.

Biden Promises a Smooth Handoff

In a gesture of political politeness, Biden has assured everyone that the transition to a Trump administration will be a smooth one. Whether this is a simple formality or a genuine promise, it shows Biden’s commitment to a peaceful handover. Smooth handoffs in politics aren’t exactly a given, so this is reassuring news for those concerned about stability. Biden’s focus is on making sure the country sails through this change without a hitch—or at least without any major turbulence.

Powell Gives a Thumbs-Up to the Economy

Powell’s latest announcement came with an optimistic vibe: the economy is holding strong, and inflation is chilling out. It’s the kind of news everyone wants to hear—growth without the headaches of runaway prices. For investors and economists alike, this reassurance is like a little pep talk for the market. Powell seems pretty satisfied with the current state of affairs, and for now, he’s signaling that we can enjoy a little economic stability. Let’s hope this good news sticks around.

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