đ Vanguard Crypto Shift, Fusaka Launch & Japan Rate Stability
đ Vanguard Crypto Shift, Fusaka Launch & Japan Rate Stability
đ Vanguard's crypto reversal
Major crypto developments emerge as Vanguard reportedly shifts stance on crypto trading after previous resistance. Fusaka audit preparations signal imminent mainnet launch.
Institutional momentum builds:
- BlackRock's Fink and Goldstein advocate for tokenization
- Bow Capital recommends 1-4% crypto allocation
- SEC's Atkins promotes upcoming innovation exemption
Market dynamics:
- Japan 10-year yields hit 2008 highs but rates show stability
- Intel breaks nearly 2-year price highs
- Previous Vanguard strategy created sentiment damage at market lows
Technical outlook:
- Bond and stock selloffs attributed to BOJ's Ueda
- Seasonality patterns disrupted by recent volatility
- Fed chair speculation intensifies around Hassett
The convergence of institutional adoption signals and regulatory clarity suggests strengthening crypto infrastructure despite recent market turbulence.
đIthaca Protocol Market Update âș US long end realleid strongly, curve flattens. Most important market underpinning; JOLTS weaker âș Oil continues upward march, with Indiaâs Russian oil orders in jeopardy but not Chinaâs; while Urals discount at lowest since 2022, EU
đIthaca Protocol Market Update âșSigns of a vol event; regional banks lead selloff with all eyes on private credit âș 10yr UST breaks 4%; VIX +2z move, retail favorites under pressure âș Street out of short gamma, market easier to move âș Tom Lee calls for bubble bursting
đIthaca Protocol Market Update âș â Founders Fund holds 9% of BMNR âșâ Genius act fails, but will pass âș Tom Lee continuing to evangelize ETH; SBET pushing the envelope in terms of communication with the market âș â Rates want to sell off and US 30yr treasury above 5% âș
đIthaca Protocol Market Update âș AMD stock the latest AI darling , +40% this week post OpenAI deal and Jensenâs sour grapes âș Gold breaking 4k, but ETF holdings still lower than 2020, ie driven by physical purchases âș BoE warning of â sharp market correction because of AI
đIthaca Protocol Market Update âș Trump / Powell with hard hats mano a mano, NOT AI generated âș Giant NKY Sep 42000 calls well timed before election behind dramatic negative gamma triggered moves in Japan âș ECB leaves rates unchanged in wait and see mode; slightly hawkish
đIthaca Protocol Market Update âș 50% copper tariffs floated ( more than 25% case baseline ) and 200% Pharma ones â in 1.5-2 years â but August 1st deadline slipping already; Korea equities show the melt-up way âș Phantom launches perps powered by Hyperliquid ( and not
đIthaca Protocol Market Update âș Sell Rosh Hashanah, buy Yom Kippur the old adage that is a Schelling point of bad seasonality âș Bitgo files for IPO âș Lots of gamma expired Friday; more to go by quarter end; asset allocation flows incoming âș Extreme greed in 7/9 markets
đIthaca Protocol Market Update âș Tether looking for 500bln valuation and why not âș Tempo announces impressive partner lineup âș CFTC to allow stablecoin collateral âș While VIX is low and steep, interest rate volatility has plunged âș CZâs VC fund to open up to
đIthaca Protocol Market Update âș Ukraine operation details coming through; market is underestimating the geopolitical risk impact; military bases 6000kms from Ukraine got hit; scores (?) of irreplaceable strategic bombers destroyed and hits at nuclear submarine bases
đIthaca Protocol Market Update âș Vanguard impact? Fusaka going live? âș Fink / Goldstein making the case for tokenization? âș Bow recommending 1-4% crypto allocation? âș SECâs Atkins hyping the innovation exemption coming up? âș Stability in Japan rates? ( 10yr yields at
đIthaca Protocol Market Update âș BTC whale switches to ETH? Huge moves overnight, gamma paying off âș Lowest 14d average in BTC fees since 2011 ( 3.5BTC ), fees halving faster than issuance ? ( axed commentator though ) âș Front end UST longs worthwhile, still post Powell
đIthaca Protocol Market Update âș Equities recovering further post Friday bounce; crypto has stopped falling which is progress âș Oil gently lower as Ukraine talks proceed âș Goldman calls for Dec cut, not so JP Morgan âș Rates curves continue to steepen, Japan â Truss
đIthaca Protocol Market Update âș First consecutive 9 day SPX winning streak since 2004; MSFT ( overtaking Apple ) & Meta results and better than feared economic data along with China discrete overtures setting the stage ( ETH still underperforming ) âș Retail strongest April
đIthaca Protocol Market Update âș ETHzilla ether sale and stock buyback shakes market; this is healthy âș Pile on on perp DEX founder brings whiffs of old school cancellation âș Stocks Goldilocks and all Trump trades worked ex crypto post ethzilla âș Coinbase and Citi
đIthaca Protocol Market Update âș Streamdefi and balancer hack aftermath colliding with risk off âș Big Short Burry with big shorts on NVDA and Palantir ( NO | YES ) âș Whale sells 1bln $ of untouched BTC âș Wave of looping unwinds cascading within DeFi lending protocols
đIthaca Protocol Market Update âș Weak CPI, 4 months in a row, no impact from tariffs yet; 2 cuts now priced this year âș BUT crude oil + 5% as â less confidence on Iran deal â and Israel chomping at the bit for a strike; US embassy partial evacuation in Baghdad âș Bessent
đIthaca Protocol Market Update âș Equity nets declined last week; institutionals investors starting to fade the equity rally âș US CPI consensus 29bps core; Cleveland Fed 23bps nowcast; 5 months in a row miss? âș Rates vol has collapsed âș Polymarket odds for Powell removal
đIthaca Protocol Market Update âș Vol in rates / fx up, equities bounce back Monday; oil down âș Some pressure on India as per continuing tariff headlines âș Kasman rule still highlighting elevated recession risk âș BLS chief firing prepares ground for â end of US
đIthaca Protocol Market Update âș Nasdaq putting the brakes on DATcos â in kind â contributions ? ABTC stock under some pressure âș Stocks record high though; Figma -20% in first quarterly results since going public âș WLFI blacklists Justin Sunâs wallet? Try now to
đIthaca Protocol Market Update âș AI buoying all boats; Goldman Sachs on track for phenomenal year âș Samsung down despite beat âș China ADRs up; Hong Kong cash equities were down for 7th day in a row âș Powell signals October rate cut âș SPW outperforming SPX by 100bps;
đIthaca Protocol Market Update âș The Ether Machine is here. â own would prefer an iPhone over a landline â âș StablecoinX is here too âș Treasury Secretary Bessent calls for review of Fedâs mission creep and recent renovation; the pressure mounts on Powell to resign âș
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đIthaca Protocol Market Update âș Ethereum Foundation on a roll; dream team announced to run Protocol. Focus is already changing sentiment âș Trump / XI phone call headline helped stocks; no one told bonds that sold off first day post month-end rebalancing related buying âș
đIthaca Protocol Market Update âș Plasma, Bitcoin, Stablecoin, Tether; what a mix âș SECâs Atkins signalling support for DeFi âș Korean equities most overbought since Jan 21; banks competing to raise to OW due to governance reforms + cyclical upside âș Section 899, this
đIthaca Protocol Market Update âș ETH short seller faces rip; belated Pectra success realization and obsessive FUD âș Meta looking into stables âș Superstate as tokenized equities transfer agent; Robinhood doing the work too âș Coinbase / Deribit deal a boon to options,
đIthaca Protocol Market Update âș SPX now green for the year âș Torrid IPO for retail favorite E-Toro ( and very crypto friendly ); Robinhood tried to steal thunder by buying Wonderfi opening up Canadian crypto âș Retail impulse dimming according to JP Morgan, euphoria to
đIthaca Protocol Market Update âș Senate crypto market structure bill hitting the tape, bullish mostly on Bitcoin âș AAII bears outnumber bulls more than 10% on average during the year; most hated rally ever âș According to GS AI bubble close to 97/98 tech boom as of now,
đIthaca Protocol Market Update âș Equities overcame catalyst filled week; horizon clear onwards âș Main vol event for November NVDA earnings and potential payroll announcements âș NY mayoral election will be a crypto event too âș CT malaise is well established âș OpenAI
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đIthaca Protocol Market Update âș Trump meme and World Liberty Financial kiss and make up; no more Trump meme wallet âș Circle is ripping, Gemini filing for IPO reportedly. It wonât be altseason but IPO â party it is like 99 â season, who knew âș 5th straight week up global
đIthaca Protocol Market Update âș Goldman trading strategy ' locally neutral before ultimately higher ' , curves steeper, oil weaker, $ bear market, ' Fed on hold ' ( donât agree with that, they will jawboned soon ) âș â Carney in the U.S., trade tension will continue to ease
đIthaca Protocol Market Update âș Global 10 year equity returns expected at 7% by Goldman Sachs with emphasis on EM âș CSCO, AMD breaking higher; META -19% post earnings and MSOFT broke its longest losing streak since 2011 âș Gold and silver rallying again; silver almost ATH
đIthaca Protocol Market Update âșâ SEC chairman speech on ' DeFi and the American spirit ' couldnât have been a more constructive one âș â COIN weaker on aftermarket post results, revenue miss, adjusted EPS lower âșâ â Payrolls today, bad news will be bad news; sweet spot
đIthaca Protocol Market Update âș FOMC mins indicate divided committee, duh âș JP Morgan detects bullish Ethereum impulse on back of ETF inflows and DATcos, duh squared âș SoftBank stock overextended ahead of NVDA earnings âș China RMB backed stablecoins mulled âș
đIthaca Protocol Market Update âș Palantir retail favorite exposing cracks; NVDA with earnings in a week exhibits toppish behavior volatility too ( COIN, HOOD, quantum names too ) âș Momentum unwind visible in Nasdaq -1.4%, equal weighted SPX +0.5% ( momentum basket â7% since
đIthaca Protocol Market Update âș AI agent payment protocol by Google; Coinbase figuring in the lineup âș Positive TikTok headlines âș Fed in focus; US IP and retail sales strengthen; rates bull steepen âș Ethereum launching Fusaka audit contest âș Equity overweight 7
đIthaca Protocol Market Update âș BLS jumbo revision; political overtones intensify and it is amazing how Zerohedge and Englander had this right for too long âș MYX suspicious Sybil airdrop âș Treasury rally stalling ahead of tomorrowâs CPI; still flattening though âș Thin
đIthaca Protocol Market Update âș Payrolls this Friday; revisions early August triggered major volatility, repricing and institutional uncertainty âș Military parade in China to signal local top of onshore equity rally? Alibaba follow through post 13% Friday ADR rally? âș
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đIthaca Protocol Market Update âș SPX down 5th day in a row; Walmart weakness on tariff related price pressure not helping this time ; COTY -21% âș Solana puff piece at the information about Wall Street ambitions; yes âș Hawkish Fed speakers pre Jackson Hole Powell speech
đIthaca Protocol Market Update âș BlackRock to tokenize their ETFs; maybe it will issue an ETF of the tokenized ETFs too âș OpenAI | Microsoft peace treaty imminent âș Figure IPO +24% pop; Gemini tomorrow âș Stocks up; vol down, post CPI âș ECB holding rates steady,
Huge thanks to @TheSWARM_ai for hosting yesterday's Live Q&A! The long-awaited $STRATOS TGE draws near... đ June 15th, 1 PM UTC The second VirGen on ETH after IRIS approaches: đ app.virtuals.io/geneses/3466/p⊠đ§ Follow @stratos_vip and @IthacaProtocol đ Turn on notifications to
We have another Saturday edition of The Swarm Report coming at you tomorrow. We'll be joined by the @stratos_vip team talking Options Trading + their agent launching on @virtuals_io on Sunday. We'll be live at 10am EST tomorrow - Bookmark this tweet! x.com/i/broadcasts/1âŠ
đIthaca Protocol Market Update âș Powell perceived hawkish by the market with Sep cut pricing retreating and curve flattening âș FOMC statement most dovish since Dec as per JPM NLP analysis though; 2 Trump appointed governors dissenting âș Labor market in good shape, ADP
đIthaca Protocol Market Update âș Crypto ( and more relevantly for mainstream; private equity ) to be included in 401ks ) âș No August selloff yet; despite peak vacation season; this time it wonât be Japan âș Mar-a-Lago accord author temporary aged governor âș Ripple
đIthaca Protocol Market Update âș Fridayâs Williams December cut support continues to buoy markets; even crypto left for dead âș SFâs Samaâs friendâs crypto robbery reverbating âș Berachain FUD regarding sweetheart VC deal âș Cease and Desist for Kalshi in Nevada âș Hype
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đIthaca Protocol Market Update âș NVDA delivers but market has been very spoiled by their performance; number of note; 100bln annualized revenue âș French bonds continue to sell off; bump on the road of EUR bullish sentiment âș Hong Kong short rates continued their march
đIthaca Protocol Market Update âș Trump firing Fed governor Cook; unclear if possible; institutional uncertainty not $ or U.S. asset positive âș Hot on heels of $ having recovered post French election risks and yield selloff âș Brent up on hawkish Ukraine developments ( 1/4
đIthaca Protocol Market Update âș ETH exploding higher despite corporate L1s getting announced ( and Vitalik rebuking ); circle and stripe, in a timeline without DATs this would have been the ETH < 800$ catalyst, now battle lines have been drawn between infinite vs zero
đIthaca Protocol Market Update âș Real Economy weaker with SPW -0.6% vs -0.3% for SPX âș Roger Ver IRS settlement, another nail on old school crypto enforcement âș Dollar strength putting a dent onto Uptober âș Brent weaker on back of Gaza peace plan âș Crypto friendly
đIthaca Protocol Market Update âș â Diversified strategies outperforming most since 2008 âș â Supreme Court hands Trump a win regarding tariff powers, July 9th back in spotlight âș â â SPX skew as high as post-Dec FOMC, Liberation Day and BoJ turmoil last August âș â Fedâs
đIthaca Protocol Market Update âș 2yr note rallied 25bps ( top15 move in 25 years ) and Sep cut probability almost 90% âș Credit markets post a historic July showed cracks on Friday âș Amzn, Google, Meta, Msoft to spend on capex more than the EU spent on defense last year
đIthaca Protocol Market Update âșGold breaks 3500$/oz; yields higher, dollar stronger, rates vol creeping higher âșGilt 30yr yields highest since 98; French ones since 2011; Europe stocks steepest loss since Aug 1 âșU.S. Aug ISM mfg all components right direction âșBBB
đIthaca Protocol Market Update âș Base teasing token âș Bitmine relentlessly accumulating ETH âș Ukraine starting to attack Russian oil expert infrastructure âș Alphabet now member of the 3trln market cap club; Gemini above ChatGPT on App Store âș Native markets win USDH
đIthaca Protocol Market Update âș NYC mayoral election coming up; crypto component may be the wild card as Mamdani under continuing scrutiny âș Netflix (-10% ) and FAANG under pressure; TSLA down on mixed results and Elonâs walking back aggressive targets âș Gold investor
đIthaca Protocol Market Update âș Vanguard relenting and allowing crypto trading at the lows âș Strategy damages sentiment exactly at the wrong time âș Selloff both in stocks and bonds; BOJâs Ueda the culprit, NoJ is uncanny in its ability to derail markets âș All looked
đIthaca Protocol Market Update âș Equity funding spreads jumping on Friday among macro allocators; Goldman contends this is bullish and leaves room to re risk âș More DATco bets on Ethena and now Sonic on the way âș WLFI off the lows; Linea launch the crypto specific
đIthaca Protocol Market Update âș â Fed dovish in 2025 ( 2 dots ), hawkish in 2026/2027 ( one cut per year ), same terminal rate âș â TIC data showed no foreigner treasury selling in April post-Liberation Day âș â JP Morgan FX trading reducing $ shorts; a bit of Powell
đIthaca Protocol Market Update âș â Figma IPO filing reveals crypto holdings âș â â â SEC approves Grayscale multitoken ETF âș â â â Senate passed OBBA âș â Circle applying for national trust license âș â Tesla weaker on latest DJT / Elon Escalation âș â Powell comments on
đIthaca Protocol Market Update âș Trumponomics royal flush overnight: Stocks up, crypto up, rates lower, Brent lower, dollar weaker; gold and silver strong as the President sounds conciliatory and hopeful regarding China âș Funding conditions tighten; if market escapes this,
đIthaca Protocol Market Update âș Powell puts the breaks on talk for rate cuts as per Trump appointees ( but remains open for tariffs less inflationary than expected ) âș â Trump and Vance unload on Powell and his âpoliticalâ Sep24 50bp cut âș â Ceasefire holding, risk
đIthaca Protocol Market Update âș MetaMask Stablecoin via Bridge / Stripe âș â China trade truce close â âș Global Equity Position of Systematic Macro at absolute highs ( but not as percentage of market cap ) âș Snap -15% after hours; AMD -4% âș Weak 3yr auctions; ISM
đIthaca Protocol Market Update âș SEC & FINRA â DATco investigation â headlines intensify FUD âș Equities lower, rates higher ; US GDP stronger than expected, jobless claims encouraging âș Plasma liquidity suck , mainnet beta live âș SBET tokenized shares on Ethereum âș
đIthaca Protocol Market Update âș Coreweave to acquire Core Scientific âș â July 9th deadline had effectively become August 1st one; Japan and Korea under pressure but could have been worse âș â SEC halts trading of Greyscale digital large cap fund citing classification
đIthaca Protocol Market Update âș DATsâ, inc Strategy premium to NAV have collapsed âș Close to ATHs but sentiment uniformly neutral in global equities and very bearish in crypto âș AAII bears at 49% âș NVDA results this week after a weak AI stock performance; MSOFT Ignite
đIthaca Protocol Market Update âș Equity bounce spills over to crypto, positive seasonality asserting itself finally âș Monad going live on mainnet âș Upbit / Naver Financial plan Nasdaq debut as per Bankless? âș Ada recovering post Cardano fork and FBI involvement drama
đIthaca Protocol Market Update âș Oil call | put skew is at its highest in 25+ years âș FOMC vol relatively low at 0.9% âș 30% of Bitcoin owned by centralized entities now âș Coinbase sponsors the 250 year army anniversary parade âș State of Crypto conference mentions:
đIthaca Protocol Market Update âș Pressure in bond long end brewing; more European defense spending the indirect culprit now, JP Morgan cautious on yields âș SHCOMP highest in 10 years; brokers strong, animal spirits nowhere close 2015 though; so room to extend âș No
đIthaca Protocol Market Update âș â Trump / Musk relationship is fraying â, this is just â get popcorn at the ready â, has even geopolitical implications; which side on Russia / Ukraine Misk lands? âș Circle IPO 25x oversubscribed, what a journey this has been for the team (
đIthaca Protocol Market Update âș yields in retreat and risk appetite in greed territory, tariffs or not âș ETH closing the gap since before 12 days war, few more gaps to close âș JP Morgan EM FX risk appetite indicators at the highs; also expecting retail buying to proper
đIthaca Protocol Market Update âș NVDA delivers in all respects, S&P is beating the implied option move; still a hated stock rally âș SBET still at a massive premium; ETH will for the foreseeable future increase its equity beta ( for the last 3 years it had become the perfect
Itâs been all systems go these last few weeks. Letâs catch you up to speed on whatâs happening on the Ithaca Protocol. đ§”
đIthaca Protocol Market Update âș SPX now green for the year âș Torrid IPO for retail favorite E-Toro ( and very crypto friendly ); Robinhood tried to steal thunder by buying Wonderfi opening up Canadian crypto âș Retail impulse dimming according to JP Morgan, euphoria to
đIthaca Protocol Market Update âș Coinbase launching CFTC regulated 24/7 BTC / ETH perps, this is much bigger than it already is. No more weekend â thin market tricks â âș ETH / BTC ratio at just 6-week highs, in case temptation for the fade sets in âș Unexpected Escalation
đIthaca Protocol Market Update âș Kraken raises 200m from citadel securities at 20bn valuation âș FUD central; Tether stopped printing, Monad sale underwhelming so far âș Ghost chain tweets going viral âș â 1m Aave deposit insurance ( watch the disclaimers ) âș NVDA coming
đIthaca Protocol Market Update âș Alphabet +9% post antitrust resolution ( Google and Apple account for most of Nasdaq move ) âș 30yr gilts round tripping 15bps post issuance freeze for q4 announcement âș Polymarket returning to the US âș Etherealize 40m raise; if anyone
đIthaca Protocol Market Update âș Hot POI jolts market: still 25bp Sep cut done deal âș GS trading strategy: buy hedges, buy 5yr note, BOJ underpriced ( with Bessent speaking out as a veteran macro hand about the BoJ ), weak dollar, mea culpa Bitcoin âș Intel jumps on
đIthaca Protocol Market Update âș GS: â if labor market weakness deepens, plenty of room for dollar to reprice, rate lower, vol higher â ; curve bullish flattening overnight though âș Demand for short dated NDX calls highest on record ; hedging demand has left dealers short
đIthaca Protocol Market Update âș Zerebro developer â fake suicide â symptomatic of deeper market malaise âș German Chancellor Metz confirmed after a round 1 wobble âș Trump doing his ( local ) best to support the market; polite meeting with Carney and in prime time TV
đIthaca Protocol Market Update âș Bitcoin quantum resistance trending; Blackrock & Google the culprits âș Treasury positioning based on put / call skew showing asymmetry but no clear-cut â buy Treasuries â signal yet âș Oil put / call skew in the middle of the range âș
đIthaca Protocol Market Update âș Professional investors behind the market rally, on back of Fed repricing and rate stability âș Complacency back at the highs; vol at the lows âș Month-end may bring some equity selling into what is seasonally very strong pre-July 4th equity
đIthaca Protocol Market Update âș SUI hack managed gracefully, market response telling âș Tokenized shares on Solana (..) by Kraken âș Big banks exploring stablecoin in the US âș Rates lower, stocks flat, crypto well, oil down, almost quadfecta for Trump trades âș Response
đIthaca Protocol Market Update âș FOMC this week and no extra volatility priced; wrong âș TWD 15 sigma rally, a canary of Mar-a-Lago accord or not moves to watch out for âș Oil forecasts continue to ease âș Funding spreads in Europe and Japan havenât picked up âș Call /
đIthaca Protocol Market Update âș ETH weak and volatile on back of DAT activity âș Securitize deSPACed at 1.2bln; even Tzero showed up in the timeline âș openAI for profit conversion hitting major milestone âș Western Union Solana based stablecoin announced âș FOMC
đIthaca Protocol Market Update âș BlackRock earning more from IBIT than SPX ETF âșPeter Thiel supporting a new crypto and AI friendly bank application âș Blockchain ecosystem companies the evolution of crypto treasuries; too well flagged that they are the main cycle risk (
đIthaca Protocol Market Update âș â KindlyMD and Nakamoto Holdings reverse SPAC âș â Flexport CEO ' ocean freight bookings +35% China to U.S., first day post-tariff reduction agreement ' âș â Zksync Twitter hack was an amazing reminder of how far the industry has come within
Ithaca Protocol Announces Major Token Reset and Extended Vesting
Ithaca Protocol has announced a significant tokenomics update, burning 100M $ITHACA tokens (10% of total supply). The burn targets: - Unused LP incentives - Expired launch giveaways - Nonperforming partner allocations **Key Updates:** - Team and investors extending token lockup - Investor vesting starts in 12 months - Team vesting starts in 16 months Recent protocol developments include: - 1-minute options launch - [Tokenracer](https://www.tokenracer.io) platform - AI Agent Infrastructure with $STRATOS integration - [Non-custodial options platform](https://app.ithacaprotocol.io) Burn transaction details will be published tomorrow.
Stratos AI Option Trading Platform Launches on Virtuals Genesis
Stratos, an AI-powered options trading platform built on Ithaca Protocol, is launching its TGE on June 15th at 1pm UTC via Virtuals Genesis. Key features: - Hedge-fund grade automated trading strategies - MEV-resistant auction-based matching - Recently audited by HashLock - Backed by Wintermute, Cumberland, and other major firms The platform offers: - Automated risk management - On-chain performance tracking - No minimum investment requirements - Self-optimizing AI trading agents Users can view live performance metrics at [Ithaca Agents Dashboard](app.ithacaprotocol.io/agents) and participate in the genesis event at [Virtuals Genesis](app.virtuals.io/geneses/3466/project-details).
Ithaca Protocol Announces Upcoming Token Generation Event
Ithaca Protocol, a decentralized platform for options trading, has announced their upcoming Token Generation Event (TGE). The protocol aims to make options trading more accessible through innovative market structures. - Platform focuses on composable options and structured products - Currently accessible via app.ithacaprotocol.io - TGE details pending official announcement The protocol has been developing its infrastructure since at least November 2023, working to democratize options trading for both newcomers and experienced traders.