#GateVentures Weekly Highlights
TL;DR
The FOMC maintained the policy rate at 3.50%–3.75%, with one dissenting vote in favor of a rate cut, signaling early internal divergence. Jerome Powell highlighted elevated geopolitical uncertainty in the Middle East, noting the Fed remains data-dependent and open to policy adjustments.
Industrial production slowed to 0.2%, indicating moderating economic momentum, while the Philadelphia Fed Manufacturing Index reached a six-month high, suggesting selective resilience. However, rising energy costs pose downside risks to margins and the forward outlook.
Crypto markets remained under pressure, with BTC down 6.8% and ETH down 5.8%, while the Fear & Greed Index fell to 8, entering extreme fear territory, typically associated with late-stage drawdowns or potential capitulation.
Resolv Labs infrastructure breach, where an attacker used a compromised private key to mint around $80 million of unbacked USR stablecoins. USR briefly depegged to as low as $0.025 before partially recovering.
Morgan Stanley filed an amended S-1 for a spot Bitcoin ETF, reflecting continued expansion of Wall Street distribution channels into digital assets.
Grayscale Investments submitted an S-1 for a Hyperliquid ETF, signaling growing competition for HYPE-linked financial products.
Kalshi raised over $1 billion at a $22 billion valuation, underscoring the rapid institutionalization of prediction markets as an emerging financial vertical.
TL;DR
The FOMC maintained the policy rate at 3.50%–3.75%, with one dissenting vote in favor of a rate cut, signaling early internal divergence. Jerome Powell highlighted elevated geopolitical uncertainty in the Middle East, noting the Fed remains data-dependent and open to policy adjustments.
Industrial production slowed to 0.2%, indicating moderating economic momentum, while the Philadelphia Fed Manufacturing Index reached a six-month high, suggesting selective resilience. However, rising energy costs pose downside risks to margins and the forward outlook.
Crypto markets remained under pressure, with BTC down 6.8% and ETH down 5.8%, while the Fear & Greed Index fell to 8, entering extreme fear territory, typically associated with late-stage drawdowns or potential capitulation.
Resolv Labs infrastructure breach, where an attacker used a compromised private key to mint around $80 million of unbacked USR stablecoins. USR briefly depegged to as low as $0.025 before partially recovering.
Morgan Stanley filed an amended S-1 for a spot Bitcoin ETF, reflecting continued expansion of Wall Street distribution channels into digital assets.
Grayscale Investments submitted an S-1 for a Hyperliquid ETF, signaling growing competition for HYPE-linked financial products.
Kalshi raised over $1 billion at a $22 billion valuation, underscoring the rapid institutionalization of prediction markets as an emerging financial vertical.
