Markets turned red right after the Fed’s 25 bps rate cut — a classic “sell the news” reaction. $BTC dropped below $ 109,000, $ETH slipped under $ 3,700, and most altcoins followed suit as traders locked in profits after weeks of anticipation. Stocks also dipped, showing that liquidity alone isn’t lifting sentiment just yet. Analysts say short-term pain could set the stage for a stronger Q4 recovery if inflation data cools — but until then, volatility’s back on the menu. Is this just a quick flush before the next run, or the first signs of another crypto winter?
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I don’t know who needs to hear this, but SBF should never walk free. The PDF he dropped trying to “prove” FTX was solvent is nothing but revisionist math dressed as redemption. He wants us to believe $25B in assets magically covered $13B in liabilities while Alameda had a “backdoor” borrowing infinite customer funds. He forgets the on-chain reality: billions left exchanges, wallets went dark, and customer BTC never came back. That’s not liquidity stress, that’s theft. He’s still painting himself as a victim, blaming lawyers and politics while ignoring how FTT propped up fake balance sheets. And now his family’s whispering for a Trump pardon because CZ got one. Here’s the truth: FTX was a casino built on vapor and leverage. Letting SBF out would tell every future scammer that if you’re big enough, you can rewrite history. I love a comeback story, but this isn’t one. Keep him in. Let this be the line in the sand for crypto’s next cycle.
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* BlackRock BUIDL on Aptos * Native USDT and USDC on Aptos * Daily DEX volume on Aptos up 2,700% (28x) in the last year Read the full report on Messari below 🔗 messari.co/3Zjcl6f
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