The Federal Reserve is expected to raise interest rates today for the first time in three years, steering financial markets as stock futures edge higher in anticipation.
📈 Economy & Markets
- Fed Rate Decision: The Federal Reserve is widely anticipated to lift interest rates on Wednesday. The decision has pushed the 10-year Treasury yield to its highest level since 2007.
- Market Reaction: Wall Street is moving cautiously but positively, with U.S. stock futures ticking upward ahead of the central bank's announcement.
⚖️ Politics & Law
- Senate Returns: Minority Leader Mitch McConnell has officially returned to the Senate following a three-month health-related absence.
- Voting Rules: The Supreme Court blocked restrictions on mail-in ballots, delivering a major legal checkpoint ahead of upcoming elections.
- Campaign Shakeups: California Governor Gavin Newsom stated he will not run for president if former Vice President Kamala Harris enters the race. Meanwhile, Donald Trump Jr.’s recent wedding celebrations have drawn scrutiny after reports revealed funding assistance from a sanctioned Russian businessman.
🌐 Global Affairs
- Iran War Costs: The Pentagon revealed that the financial damage and overall price tag of the conflict involving Iran has reached $30 billion. The Iranian foreign minister is scheduled to travel to China for high-level diplomatic talks.
- Space Weapons: The United States confirmed for the first time that it has active weapons deployed in space.
- Border Controls: Beijing is widening its exit controls, tightening borders to restrict wealthy citizens and tech talent from leaving China.
🏥 Health & Society
- Measles Outbreak: The Trump administration is facing pushback after changing how it counts measles deaths amid a rising outbreak in Pennsylvania.
- Psychedelic Medicine: The FDA convened a historic public hearing to map out the deployment and monitoring guidelines for psychedelic-assisted therapies ahead of an expected approval.
Bitcoin is down nearly 3% today, trading around $75,890 as crypto markets face heavy pressure ahead of the Federal Reserve's looming interest-rate decision. The downward movement was further compounded by news from Washington after the Senate defeated the Clarity Act, weakening a key regulatory avenue of support for digital assets.
Meanwhile, shares of Strive Inc. (NASDAQ: ASST) are stabilizing in early trading, ticking up slightly by 0.29% to $27.65. The Vivek Ramaswamy-backed asset manager recently fully converted into a debt-free Bitcoin treasury company. On Monday, Strive capitalized on the market dip to expand its balance sheet, purchasing another 469 Bitcoin for $36.6 million, officially pushing its total treasury milestone to 25,000 BTC.
📉 Fed Policy Spills into Crypto
- Interest Rate Anxiety: With the Federal Reserve widely expected to announce a quarter-point rate increase today, the broader crypto sector has retreated. Traders are bracing for high volatility depending on how hawkish Fed Chair Kevin Warsh's commentary reads.
- The ASST Strategy: Unlike other leveraged Bitcoin corporate treasuries, Strive Inc. funds its aggressive crypto acquisitions entirely through specialized perpetual preferred stock rather than debt. This zero-leverage profile shields the stock from forced liquidations during sudden crypto drawdowns.
Comment below if you would like to explore how Bitcoin's performance is impacting other tech stocks, or see the exact breakdown of Strive's Q2 asset allocation strategy?
All responses may include mistakes. For financial advice, consult a professional. Learn more
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