RUN FOR THE HILL....Everybody Wish Cum True as Fed say there is a Dollar Crisis not long ago...Huat Big Big hah

[k1976]

‘Strap In’—Serious $40,000 Bitcoin Price Crash Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’​

Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
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Sep 3, 2024,06:17am EDT
Updated Sep 3, 2024, 06:18am EDT
09/03 update below. This post was originally published on September 02

BitcoinBitcoin +0.9% and crypto prices have surged this year as the U.S. dollar index falls to year-to-date lows (with the Coinbase chief executive last week revealing an AI game-changer).

The bitcoin price is trading around $60,000 per bitcoin, up from January lows of under $40,000, as traders bet a fresh injection of liquidity by the Federal Reserve will put the bitcoin and crypto market on the "cusp" of a major move.


Now, as China gears up to drop a bitcoin price bombshell, fears are swirling the U.S. dollar is on "the verge of a total collapse," setting up the bitcoin price for "a critical tipping point."

The U.S. Dollar Index just hit a new 2024 low [and it's] actually still relatively high, but it looks like it's on the verge of a total collapse," economist and gold bull Peter Schiff posted to X.

The index could easily sink below 90 before year-end, challenging the 2020 low," Schiff, the founder of money manager Euro Pacific Asset Management and a bitcoin and crypto skeptic, later added. "I think that low will be breached in 2025, triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring."

09/03 update: The bitcoin price has continued on its recent downward trend as September gets underway, which is historically a bad time to be holding bitcoin.

"September has traditionally been a volatile month for bitcoin, with an average return of 4.78% and a typical peak-to-trough decline of 24.6%," analysts with the Bitfinex crypto exchange said in emailed comments.

 

[k1976]

T. Rowe Manager Who Predicted Yen Shock Sees Another One Coming​

• ‘Scapegoating’ of yen carry trade ignores bigger, deeper trend
• BOJ hikes and impact on global capital far from simple: Husain

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Carry Trade Risk in Focus as Ueda Comments Boost Yen
By Ruth Carson
September 3, 2024 at 9:51 AM GMT+8
Updated on
September 3, 2024 at 4:45 PM GMT+8
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Arif Husain says he was early in sounding the alarm on Japan’s rising interest rates last year, which he described as the “San Andreas fault of finance.”

The head of fixed-income at T. Rowe Price is now warning that investors have “just seen the first shift in that fault, and there is more” market volatility ahead after the nation’s rate hike in July helped trigger a sharp reversal of the yen carry trade.

 

[k1976]

Swiss franc carry trade comes fraught with safe-haven rally risk​

By Harry Robertson
September 2, 20241:03 PM GMT+8Updated a day ago

File photo: 200-Swiss-franc banknotes are seen at a Swiss bank in Zurich, Switzerland April 9, 2019. REUTERS/Arnd Wiegmann/File photo Purchase Licensing Rights, opens new tab

• Summary

• Swiss franc more appealing in carry trades after yen blow-up
• Investors hope for stability, aided by central bank
• Yet safe-haven status can lead to big rallies

LONDON, Sept 2 (Reuters) - As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever present.
The Swiss franc has long been used in the popular strategy where traders borrow currencies with low interest rates then swap them into others to buy higher-yielding assets.
Its appeal has brightened further as the yen's has dimmed. Yen carry trades imploded in August after the currency rallied hard on weak U.S. economic data and a surprise Bank of Japan rate hike, helping spark global market turmoil.



The Swiss National Bank (SNB) was the first major central bank to kick off an easing cycle earlier this year and its key interest rate stands at 1.25%, allowing investors to borrow francs cheaply to invest elsewhere.
By comparison, interest rates are in a 5.25%-5.50% range in the United States, 5% in Britain, and 3.75% in the euro zone.
"The Swiss franc is back as a funding currency," said Benjamin Dubois, global head of overlay management at Edmond de Rothschild Asset Management Suisse.

 

[k1976]

We are entering into 神仙打架era

 

[Hightech88]

Best is Bitcoin drop to ZERO. Time for all these ranjiao Crypto scams to stop.

 

[k1976]

S'pore's Whampoa Group to invest $140.5m via fund for digital assets​

Whampoa Group has built an investment portfolio of about 200 companies over the past decade. ST PHOTO: LIM YAOHUI
Updated

Sep 10, 2022, 10:09 AM

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SINGAPORE - Scions from two of Singapore's most prominent Lee families are boosting their involvement in digital assets.

Whampoa Group, a multi-family office with investments in global tech firms, aims to deploy about US$100 million
(S$140.3 million) through a venture capital fund in start-ups in the burgeoning digital asset segment, its senior executives said.

The investment group was co-founded by Ms Amy Lee, a former senior partner at Lee & Lee, a Singapore law firm started by her father Lee Kim Yew and Singapore's first prime minister Lee Kuan Yew and his wife.

 

[k1976]

Lee families scions’ Whampoa Group appoints co-heads for digital investment arm​

Khairani Afifi Noordin
Wed, 15 Mar 20231-min read

Whampoa Digital will invest in equity and tokens of products and services that facilitate the mass adoption of Web3.

Singapore-based multi-family office Whampoa Group has appointed Sherwin Koh and Tim Tan as co-heads of its newly-created digital investment arm Whampoa Digital.

Accountant by training, Koh is a self-taught software engineer who has built applications on the Ethereum blockchain. He has previously worked at Immin and Otonomos, which offers blockchain-based corporate services.

Koh was an early miner of Ethereum and Monero and invested in the initial coin offerings of companies including Decentraland and Polygon. He has experience managing funds for investors using a self-developed suite of proprietary trading tools and bots.

 

[k1976]

48% of Singapore crypto investors to double down on Bitcoin in the next 12 months: IRCI​

Khairani Afifi Noordin
Wed, 27 Mar 20244-min read

Almost half (48%) of those surveyed believe a Bitcoin will be worth between $50,000 and $100,000 by 2030.
Against the backdrop of the upcoming Bitcoin halving event in April, 48% of Singapore crypto investors will continue to double down on Bitcoin over the next 12 months, according to the 2024 Independent Reserve Cryptocurrency Index (IRCI).

 

[k1976]

Despite the ups and downs in market cycles, Singapore crypto investors are more certain about their plans for the next 12 months. Over half (53%) are going to invest more into their existing portfolio, while 45% indicated a desire to diversify into new projects.

64% of crypto owners have reported making money, up by 9 percentage points from last year, surpassing profit levels of the last two years and inching closer to the 74% who reported profits at the 2021 bull market peak. Only 10% lost money this year compared to 26% in 2023.

Despite being impacted by the rising interest rates and cost-of-living, almost a third or 29% of Singaporeans would opt to hold or increase their crypto allocation. Another 37% who are not impacted by rising costs also plan to hold or add their crypto.

 

[k1976]

https://technode.global/2024/08/30/...d-chartered-to-launch-global-retail-services/

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Singapore's Crypto.com partners Standard Chartered to launch global retail services​

August 30, 2024• Blockchain / Crypto, News, Singapore•By TechNode Global Staff

Singapore-based cryptocurrency exchange company Crypto.com has unveiled its global retail services from its Dubai Hub via a partnership with global bank Standard Chartered.

Crypto.com said in a statement on Thursday that the launch of the global retail services, including the ability to provide seamless deposit and withdrawal facilities for millions of retail users of the Crypto.com App from over 90 countries, vastly improving the efficiency and utility of its customers’ crypto journeys.

According to the statement, Crypto.com’s global retail services will be offered to users around the world through the company’s regional hub in Dubai.

This expansion is powered by Standard Chartered and the forward-thinking regulatory framework established by Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring a robust and secure environment supporting the growth of digital assets.

The launch starts with customers across the United Arab Emirates (UAE) who, from last Thursday, can access Crypto.com’s retail products and services via the Crypto.com App, including the ability to buy, sell and trade more than 250 cryptocurrencies.

 

[Eisenhut]

Doesnt the bull run climb a wall of worry?

If no bad news then i worry

 

[k1976]

https://www.google.com/amp/s/www.fx...of-strength-or-start-of-a-crisis-202409031019

USD at crossroads: End of strength or start of a crisis?​

09/03/2024 10:19:14 GMT|BySaxo Research Team

Key points​

• USD’s August blues: The US dollar faced its worst month of the year in August, sparking concerns about a potential long-term decline. This came on the back of expectations of Fed rate cuts.
• Dollar smile theory: The USD is currently at the middle part of the dollar smile curve, vulnerable to selling pressure as soft landing hopes rise.
• Speculator shift: Speculator positioning turned net short on the dollar for the first time since January, raising red flags about further weakness.
• Rate cut expectations are skewed dovish: The market is pricing in 100bps of Fed rate cuts this year. Only sever economic concerns could transpire that, but that could be USD-supportive amid safe-haven flows. If US economic momentum remains resilient, market expectations may need to shift hawkishly, again pushing the USD higher.
• Risks to watch: Potential USD crisis triggers in the short-term include pronounced US disinflation, carry trade unwinding or speculative short positioning getting extended. Threats from rising US debt and de-dollarization trends are more long-term concerns.
• Nuanced outlook: Despite short-term pressures, the USD could rebound if risk aversion increases or if other currencies, like the EUR, face heightened political or economic risks.

 

[k1976]

The US dollar has recently faced mounting pressures, raising concerns about whether this signals the beginning of a more sustained period of weakness. August was the dollar's worst month of the year as the July US jobs report and Fed Chair Powell’s comments at Jackson Hole signaled there could be a larger rate cut of 50 basis points coming at the Fed’s September meeting.

The US Dollar spot index (DXY) was down 2.3% in August, registering its second-worst month since the start of 2023 and slipping to over one-year lows.



This came along with US economic data remaining mostly resilient, and soft landing hopes continuing to gain traction. This lands the US dollar in the middle of the ‘dollar smile’ theory, which makes the USD prone to drawdowns as investors go on a hunt for higher yields elsewhere

 

[k1976]

This came along with US economic data remaining mostly resilient, and soft landing hopes continuing to gain traction. This lands the US dollar in the middle of the ‘dollar smile’ theory, which makes the USD prone to drawdowns as investors go on a hunt for higher yields elsewhere

The speculator positioning in the US dollar, as a result, has shifted to a net short in the week of August 27 for the first time since January. These developments have led to increased scrutiny of the factors driving the dollar's current trajectory and the risks that could further undermine its position.



Some are looking at the start of Fed rate cuts to put further pressure on the USD, but there could be reasons to expect the trend to reverse, as noted below.

 

[k1976]

Why the USD weakness may have limited legs​

Market expectations for the Fed are tilting dovish​

The market has already priced in 100 basis points of rate cuts by the Federal Reserve for this year, reflecting expectations of a slowing US economy. However, this assumption could be overly pessimistic. If economic data remains even modestly resilient, the market may need to reassess its expectations and shift towards a more hawkish outlook for the Fed. Such a shift would be USD-positive, as higher interest rates would make US assets more attractive to investors, bolstering demand for the dollar.

 

[k1976]

Recession risks and safe haven demand​

If growth concerns materialize and recession risks escalate to justify market’s expectations for aggressive easing from the Fed, then focus will likely shift back to the dollar's role as a safe haven. In times of economic uncertainty, global investors typically flock to the US dollar, driving up its value. This potential flight to safety could counterbalance any initial pressure from rate cuts, limiting the downside for the dollar.

 

[k1976]

US exceptionalism is intact even if growth slows​

Despite a slowing US economy, its resilience relative to other major economies remains intact. US exceptionalism, characterized by strong corporate earnings, a robust labor market, and the dominance of the US dollar in global trade, continues to make the dollar an attractive asset. This could counterbalance recent weakness.

Political and economic risks in the Eurozone are becoming more prominent, compounded by a significant economic slowdown in China. The Eurozone's struggles with stagnant growth, inflationary pressures, and high energy costs, along with China's reduced demand for European exports, could add to the euro's weakness. Political instability in key EU nations and potential fragmentation risks further weaken the euro, making the USD more attractive to global investors.

 

[k1976]

China Renaissance Crashes as Trading Resumes After Bao Fan Exit​

• Shares resume trading in Hong Kong after 17-month suspension
• Ex-chair Bao was replaced amid unspecified government probe

By Lulu Yilun Chen
September 9, 2024 at 9:43 AM GMT+8
Updated on
September 9, 2024 at 11:07 AM GMT+8
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China Renaissance Holdings Ltd.’s shares fell as much as 73% after resuming trading in Hong Kong on Monday, 17 months after the stock was suspended following the detention of its former Chairman Bao Fan.

The company said it has fulfilled requirements for the trading resumption, releasing its earnings for the first half and for last year and 2022. The company replaced Bao in February, a year after he vanished from the public eye due to an investigation by Chinese authorities.

Shares of China Renaissance were down 63% as of 11:00 a.m., wiping out about HK$2.6 billion ($334 million) of its market value.

 

[k1976]