Forward Guidance Newsletter

Some investors favor HOOD’s diversified model over COIN’s more cyclical, crypto-driven profile

BTC price headed into the month straddling the average cost basis for short-term holders

CME Group exec highlights “strengthening of the professional ecosystem around ether” and XRP futures records in August

With Governor Cook being dismissed and talk of pressuring the 2026 nominations of regional presidents, markets are beginning to price in a risk premium

Developers need “additional robust, nationwide protections from misclassification under securities and commodities laws,” DeFi Education Fund policy lead says

“Diverse opportunities emerge alongside macroeconomic tailwinds,” zondacrypto CEO says

Crypto hedge fund rotates more holdings into smaller cap tokens after Fed Chair Jerome Powell implies possible rate cut

21Shares files for active crypto ETF, leveraged funds to “deliver strategies that adapt in real time to a rapidly evolving market”

FOMC July minutes may hold the key to Powell’s speech tomorrow

A market structure bill and bipartisan support are no easy tasks, Sen. Tim Scott and SEC Chair Paul Atkins say

Crypto IPO hype has room to run as Bitwise exec says there remains a “massive shortage” of public crypto firms

US indexes were muted Monday as investors wait to hear from Chair Powell and President Trump

We’re beginning to price in the chance of not just a 25 basis point cut, but a 50 bps one

The platform’s bitcoin treasury gives it “competitive positioning” in spot and derivatives markets, VanEck portfolio manager says

USDC issuer plans layer-1 blockchain launch in bid to “underpin all stablecoin finance”

Trump’s executive orders gave crypto holders optimism, but actionable progress could be slow

The labor market is screaming weakness, but inflation is set to head higher

Markets strongly suspect that committee members will make the first interest rate cut of 2025

Big names are projecting the S&P 500 will post a double-digit decline

US equities were in the green Monday after July’s labor report miss sent markets lower

Company looks to bring tokenized equities “to meet the moment in this new regulatory environment,” CEO Brian Armstrong said

Despite two governor dissents for the first time in 30 years, Powell remained sternly hawkish

Analysts cite weak trading volume and regulatory progress as factors

Inflows for crypto investment offerings in July hit $11.2 billion last week — well above the prior record of $7.6 billion