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Crypto markets bounce after Fed rate hike ahead of SEC tokenized-securities pilot

CoinDesk describes a bullish start for crypto markets after a Fed rate hike, with the SEC's tokenized-securities pilot window and U.S. and Canadian economic releases scheduled this week.

Why it matters

CoinDesk says the conditional SEC window would let select institutional venues pilot trade tokenized stocks directly on public blockchains. The report is a schedule of policy and economic items with estimates, so its significance is limited to the SEC window and the jobless-claims, housing, durable-goods, retail-sales and sentiment releases listed for the week.

Key facts

CoinDesk's headline described a bullish crypto-market bounce after a Fed rate hike, while the article said cross-asset markets were digesting recent Bank of Japan and Bank of England rate decisions.

Reported by CoinDesk

CoinDesk estimated Canada's August retail sales at -0.8% month over month, versus 0.6% previously.

-0.8 %Reported by CoinDesk

CoinDesk estimated U.S. durable-goods orders month over month for August at -0.3%, versus 1.1% previously.

-0.3 %Reported by CoinDesk

CoinDesk estimated the final Michigan Consumer Sentiment Index for September at 47.8, versus 51.7 previously.

47.8Reported by CoinDesk

CoinDesk listed a Lido DAO vote on a proposal for contingent LDO centralized-exchange liquidity market-making.

Reported by CoinDesk

What happened

CoinDesk's headline described a bullish start for crypto markets after a Fed rate hike; the same report said cross-asset markets were digesting recent rate decisions from the Bank of Japan and Bank of England. CoinDesk listed the SEC's conditional 5-year exemption window opening Sept. 22, allowing select institutional venues to begin pilot trading tokenized stocks directly on public blockchains. CoinDesk's macro calendar put Canada retail sales, U.S. initial jobless claims, U.S. new-home sales, U.S. durable-goods orders and the final Michigan Consumer Sentiment Index on Sept. 24-25, with estimates and previous readings. CoinDesk also listed a Lido DAO vote on a proposal concerning contingent LDO centralized-exchange liquidity market-making. CoinDesk describes the SEC window as conditional and the macro figures as estimates, with no completed pilot or economic result supplied.

How the story developed

  1. First report

    First report by CoinDesk

    Crypto enjoys bullish bounce post-Fed rate hike: Crypto Week Ahead

    CoinDesk

  2. Update

    CoinDesk publishes weekly crypto and macro calendar

    The report describes a crypto-market bounce and lists the SEC pilot window, economic releases and a Lido DAO vote.

    CoinDesk

Affected entities

Also mentioned: Japan, USD Coin, Circle

Original sources

PublisherReportRolePublished
CoinDesk
Crypto media
Crypto enjoys bullish bounce post-Fed rate hike: Crypto Week AheadOriginal