Forwarded from infinityhedge
⚠️ BIG EVENTS COMING TODAY:
*U.S. NFP DATA AT 8:30 ET
*POWELL SPEAKS AT 12:30
*TRUMP SPEAKS AT 13:30
*TRUMP TO SIGN EXEC ORDERS AT 14:30
*TRUMP TO DELIVER REMARKS AT CRYPTO SUMMIT, 15:00
NFP ESTIMATES:
*MEDIAN: +160K
*JPM/GS: +175k/+170k
*JEFFERIES: +115k
*BBG: +65k
ICYMI: ⚠️*President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
*Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.
*The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional BTC, provided that those strategies have no incremental costs on taxpayers.
*The U.S. will not sell any bitcoin deposited into the Reserve.
*Executive Order Also establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than BTC forfeited in criminal or civil proceedings.
*The government will not acquire additional assets (likely referring to Altcoins not BTC) for the Stockpile beyond those obtained through forfeiture proceedings.
*U.S. NFP DATA AT 8:30 ET
*POWELL SPEAKS AT 12:30
*TRUMP SPEAKS AT 13:30
*TRUMP TO SIGN EXEC ORDERS AT 14:30
*TRUMP TO DELIVER REMARKS AT CRYPTO SUMMIT, 15:00
NFP ESTIMATES:
*MEDIAN: +160K
*JPM/GS: +175k/+170k
*JEFFERIES: +115k
*BBG: +65k
ICYMI: ⚠️*President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
*Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.
*The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional BTC, provided that those strategies have no incremental costs on taxpayers.
*The U.S. will not sell any bitcoin deposited into the Reserve.
*Executive Order Also establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than BTC forfeited in criminal or civil proceedings.
*The government will not acquire additional assets (likely referring to Altcoins not BTC) for the Stockpile beyond those obtained through forfeiture proceedings.
Forwarded from Moonbags Market Notes
The crypto summit was a complete waste of time
At least there was nothing bad said
At least there was nothing bad said