Trading Desk Insights
The Federal Reserve on Wednesday delivered a 25bps rate cut, bringing its target range to 4.00‑4.25 %, the lowest in nearly three years. The move was expected, but all eyes were on the dot plot. Fed officials now project two more rate cuts by year‑end, citing a softening labor market and persistent inflation. Officials also signaled the pace of easing could pick up over the next 12 months.
In markets, BTC surged to its highest since August 17, powering gains across the broader digital‑asset space after the Fed’s cut. Open interest and cumulative volume delta rose alongside price, with futures volumes increasing more sharply than spot. Altcoins rebounded from oversold RSI levels; several tokens logged gains over 10 %. BNB broke above $1,000 for the first time, riding momentum toward fresh record highs. SOL briefly crossed $245, as the CME will begin offering SOL options from October 13, a development that may draw in more institutional participation. XRP options will also debut on the same date via CME.
In ETF news, the SEC approved an “accelerated basis” listing standard for crypto ETFs. That cuts approval windows from roughly 240 days to about 75 days. The shift mirrors a similar standard in traditional markets, which triggered a wave of new listings.
On the equity front, Nvidia will invest $5 billion in Intel under a partnership to co‑develop data center and PC chips. Meanwhile, China has barred major tech firms from buying Nvidia AI chips, signaling confidence in its domestic semiconductor industry.
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Disclaimer
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
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