Episode 474
📍 This week's macroeconomic calendar may reignite market activity in Bitcoin, which has seen lackluster price action below $100,000, with key events including FTX's initial round of payouts, a Trump-Musk interview, and FOMC minutes.
📍 FTX is set to begin its first round of creditor payouts, with Convenience class creditors receiving full repayment and a 9% annual post-petition interest, but analysts are divided on the impact, with some expecting a net inflow of over $3 billion into the market.
📍 The FOMC minutes are likely to repeat the hawkish message, potentially weighing on risk assets, including cryptocurrencies, while the Trump-Musk interview may drive market volatility, particularly if they touch on policy, regulation, or institutional adoption.
📍 Hackers have impersonated the Saudi Crown Prince to promote fake "official" memecoins, highlighting the ongoing issue of scams in the crypto space, while a Solana meme coin, Vigilante, saw a brief pump before dumping 69% after a promoter climbed the Hollywood sign.
