🔸 @bittensor enters its first halving: What scenarios for $TAO price?
📌 TAO is an open infrastructure layer for AI, where each subnet represents a small market for compute, data, or models. DTAO launched in February, accelerating expansion as new subnets continuously form, including networks that have started to reach product market fit like Chutes, which provides serverless inference for developers and is being widely integrated into AI aggregator systems.
📌 The halving on 12/14/2025 will reduce issuance from 7,200 $TAO to 3,600 $TAO per day. If demand continues to rise, the system's nat

📍 September PCE comes as no surprise, high chance the Fed will cut rates next week
🔸 Headline PCE increased +2.8% YoY, matching the forecast and higher than August’s +2.7%. Month-over-month, #PCE headline +0.3% MoM (unchanged).
🔸 Core PCE stands at +2.8% YoY, slightly below the +2.9% forecast and last month; MoM remains at +0.2%.
🔸Goods prices didn’t increase much, services contributed the most: +0.246%, higher than August’s +0.238%.
🔸Supercore PCE (services excluding housing and energy) eased to +0.22% MoM and +3.26% YoY. However, the Financial services & insurance segment rose +0.852% Y

📍 Trump announces new national security strategy: US wants to redraw the geopolitical map
📌Trump's 2025 national security strategy is the most significant shift (announced) in US foreign policy since the Cold War. The focus is reversed: "America First," narrowing global commitments and preparing for long-term competition with China. The priorities are as follows:
📌Domestic and Western Hemisphere
🔸 Borders, immigration, crime, and fentanyl are seen as national security threats.
🔸 The Trump Corollary expands the Monroe Doctrine, demanding the removal of all non-regional influences from the

📍 BOJ faces its biggest turning point in 30 years: The market is pricing in a 90% chance of raising interest rates to 0.75% on December 19 – the highest rate since 1995.
🔸Japan has officially ended the era of cheap money that lasted since the 1990s. For nearly 25 years, the Japanese economy has existed in a structure of deflation and ultra-loose policy. The BoJ has already "signaled" this shift throughout 2023-2024, but 2025 will be the official year they reverse policy. Persistent inflation, a weak yen, and wage pressures are forcing the BOJ to step out of its comfort zone.
🔸Bloomberg's OI

📍 IMF Fud stablecoin: Warning of a new macro risk emerging
📌The biggest story of this season is not $BTC or any altcoin, but rather the least noticed thing: Stablecoin.
In 2025, for the first time in history, stablecoins have surpassed #Bitcoin và #Ethereum in cross-border capital flows. The IMF considers this a new variable in the international financial system—something that will "cause trouble" in the future.
📌Stablecoins have truly become an international payment channel worth trillions of USD
- In 2024, the total stablecoin transaction value reached about $32 trillion, with $5.7 trill

📍 Proposal for new regulations for Regional FED Bank Presidents
🔸 Treasury Secretary Scott Bessent proposes a new requirement: candidates for Regional FED President must have lived in that region for at least 3 years prior to appointment.
🔸 The goal is to ensure that the leadership of each regional FED truly understands local socio-economic conditions, rather than selecting people who have spent most of their careers in New York or other financial centers and then are “assigned” to manage a local area.
🔸 This proposal does not grant direct authority to the White House, but it allows the FE

📍 DAT inflows hit new 2025 low – crypto treasury model enters true stress test zone
📌 Inflows into DAT organizations have dropped nearly 90% from the July peak, down to around $1.32B – the lowest level in 2025. The market is showing clear skepticism toward the crypto treasury accumulation model.
📌 As asset prices fail to recover, mark-to-market pressure is pushing the mNAV of many DATs below 1, forcing them to sell assets, scale down, or refinance debt. This is the critical weakness of leveraged crypto treasuries (such as Strategy).
📌 As global capital flows prioritize stocks, AI, and gold

📍 Why did the Fed decide to stop QT at this time: The stories of QT1, the 2019 Repo crisis, and QT2 all point to the key issue being liquidity in the US financial system
📌Over the more than 17 years since the 2008 crisis, there have been 3 crucial periods shaping the Fed's view on liquidity: QT1, the 2019 repo incident, and QT2. All three reflect a common rule: The US financial system cannot withstand liquidity being drained too deeply, and the level of bank reserves is the boundary for the Fed to choose between QT or QE.
📌QT1 period (2017-2019): The Fed shrinks its balance sheet but misjud

📍 What is the market waiting for from the Fed chair's speech in the coming hours?
📌Interest rate roadmap: Above all, the market wants to hear Powell reveal more about the upcoming direction: QT has ended and the QE plan in the near future. There is a significant division within the Fed, and even a slightly off-key remark from him could immediately reprice the likelihood of a rate cut.
📌 Views on the labor market and inflation: If the official acknowledges that the labor market is cooling faster than expected or that inflation is sustainably softening, the market will interpret this as a

🔥The People's Bank of China (PBoC) has just reaffirmed that all activities related to crypto on the mainland are still considered illegal: Trading, investing, token issuance, stablecoin, and mining are all completely prohibited.
📌The PBoC issued a separate warning about stablecoins, stating that this type of asset poses high risks in money laundering, illegal fundraising, and uncontrolled cross-border remittances.
📌Immediately after the announcement, many businesses and stocks related to crypto in Hong Kong witnessed strong selling pressure due to concerns over widespread policy risks.

🟠 Trump declares "Have chosen a replacement for Powell"?
📌Trump has not specifically announced who the chosen one is, but the market is almost certain that it is #Kevin #Hassett. Right at the moment, the White House is preparing a pro-growth policy framework for 2025–2026 (which includes boosting domestic production and reducing interest rates concurrently). Trump needs a #Fed Chair who can implement that philosophy, and the most suitable name is Kevin Hassett.
📌 Hassett is market-friendly - super friendly with the White House
- He was the Chairman of Trump's Economic Advisory Council,

🟠 The SIMD-0411 proposal could save the price for $SOL
📌SIMD-0411 is a proposal to change the inflation mechanism of #Solana, part of the "Solana Improvement Documents" – similar to Ethereum's EIP but lighter, focusing on protocol economics.
The SIMD-0411 proposal aims to accelerate Solana's inflation reduction from 15% to 30% per year, reducing the time to reach an inflation rate of 1.5% from 6 years to just 3 years (.
The builder wants to bring Solana into a mature stage, where the project no longer relies on token dumping but lives on the actual demand of the network - fees, MEV,

📍KITE – a dedicated infrastructure for the AI agent economy
📌 @GoKiteAI does not attempt to become a "multi-purpose L1" like the myriad of chains out there. Instead, they choose a specific niche of building infrastructure for a world where AI agents operate autonomously, trade autonomously, and interact with on-chain assets.
📌The most notable point is the Proof of Artificial Intelligence mechanism (PoAI). Instead of letting miners or validators decide the network, KITE re-designs the entire operational cycle: data providers, model builders, and the AI agents themselves all have weight in th

📍KITE – a dedicated infrastructure for the AI agent economy
📌 @GoKiteAI does not attempt to be a "multi-purpose L1" like the numerous chains out there. Instead, they choose a specific niche to build infrastructure for a world where AI agents operate autonomously, trade on their own, and interact using on-chain assets.
📌The architecture of KITE is divided into three layers: Layer-1 as the foundation, specialized subnets for data - models - agents, and an application layer for developers to plug products into without struggling with infrastructure. This modular thinking allows KITE to scale a

The largest gold buyer in the world in Q3 2025 is not America or China, but @Tether_to.

🟠 JPM - MSTR: Which side is correct?
📌JPMorgan has sparked a controversy by claiming that MicroStrategy no longer qualifies to be included in ETFs and blue-chip indices such as NASDAQ100, MSCI USA.
Their argument is very clear: MSTR is no longer an operating business but has become a Bitcoin holding fund in disguise.
📌This is completely justified:
- Revenue from MSTR's "non-crypto" business is ~$475M/year - only accounting for 5% of the value that the market is pricing.
- The rest is Bitcoin.
acquire USD
=> From this perspective, JPM is completely right in saying that MSTR is a levera

🔥If using Risk-Off as a bottom-finding indicator and comparing it with history, then this week will be decisive. The market needs to see selling pressure continue to fall.
🔥Typically, BTC creates a bottom through a second sell-off, when the selling pressure is weaker than the first round and the price does not create a lower bottom than (, which technical analysts often refer to as divergence ).
This is often the most reliable bottom signal – the stage where sellers are exhausted and control shifts back to the bulls.

🟠 Looking back at $BTC price data from 2018-2025, you have to focus on the type of panic, not just the size of the drop.
📌 Chain-reaction crashes like Luna and 3AC hit market confidence so hard that $BTC’s 7-30 day recovery is noticeably weaker. Meanwhile, crashes driven by policy or geopolitical shocks (tariff fears, mining ban, regulatory panic) historically bounce much stronger in the following 7-30 days.
-> Macro policy panic only delivers real damage when the market is already overstretched. Capital truly leaves the system only when the crash is structural and contagious.
📌 On average,

📍Fed Governor Waller: "Supports interest rate cuts"
📌The labor market is not improving, supporting the cut in interest rates.
📌The employment data for September is likely to be adjusted down (.
📌Inflation has increased but will start to decrease.
📌The impact of tariffs on inflation is only a one-time event.
The Fed rate cut probability in the December FOMC has risen to nearly 80%.

📍In the BTC liquid staking race, where does @LorenzoProtocol stand?
📌Currently, the market has four groups of projects competing for the same capital: BTC is lying still in the holder's wallet.
- Babylon: Staking infrastructure layer for BTC, focused on technology.
- Bouncebit: A CeDeFi project, quickly increasing TVL but with high concentration risk.
- BTC L2 (Bitlayer, Botanix, Stroom...): move BTC to L2 for DeFi use, in exchange for bridge risks and complex experiences.
- Lorenzo: Use Bitcoin ( security through Babylon) to create a liquid staking token that can be used directly in DeF