EddieJayonCrypto
18 Sep 23
All eyes are on the Fed right now as Godman believes they may pause this month. Here is what is on my mind today.1. The Fed interest rate decision in Wednesday. Goldman Sachs is predicating there could be a delay in hiking interest rates. There thought is there are key inflation indicators that may ...
All eyes are on the Fed right now as Godman believes they may pause this month. Here is what is on my mind today.1. The Fed interest rate decision in Wednesday. Goldman Sachs is predicating there could be a delay in hiking interest rates. There thought is there are key inflation indicators that may show a decrease in inflation. They are also predicting the Fed's growth forecast may be increased from 1% to 2.1% for 2023. I agree with the sentiment and add that an increase would prove to be heavy on the markets. Let us not forget there is a government shutdown looming in the United States. Raising interest rates during such a time would not be a good thing. 2. I heard talk of a possible settlement between the SEC and Ripple. Somehow, I think Ripple wants to continue the fight. They say it is so they can garner some more big wins and, in a way, I think they are right. Except I think the big wins would be in business for the company. It is my belief that what was once an albatross for them has become a windfall as far as new business goes. The case interests me for more than one reason. You also have people asking if you should invest in the company instead of the coin. I have said it before and I will say it again. The company is not public yet. So, getting your hands on stock is not an option at this point and I am loading up on XRP. Should Ripple go public, I will load up on the stock in addition to and not instead of. 3. So, the next step in the PayPal PYUSD stablecoin journey is Paxos publishing an unaudited stability report. Remember, Paxos is the issuer of the new stablecoin. You can get performance metrics and other information about the coin, including backing. I would put weight into it if the report was audited. Until then, I will just think it is a bunch of whatever. I understand the need to produce positive headlines for what could be a lucrative project, but I would not have put out an unaudited report. 4. JPEX exchange has started winding down operations amid what is being alleged is a rug pull. A Hong Kong-based Internet celebrity has been arrested under suspicion of promoting the exchange as a part of an ongoing investigation. Hong Kong authorities say they received over 80 reports against the exchange. Do your research and know where you are placing your assets.