Binance RWA Perpetuals Capture 97% of Post-FOMC U.S. Stock Opening Gaps

Binance RWA perpetuals captured 97% of post-FOMC U.S. stock opening gaps as $1.02B traded outside regular hours after the Fed’s 25-bp hike.

• Binance RWA perpetuals captured 97% of U.S. stock opening gaps after the Federal Reserve's FOMC meeting, with $1.02B traded outside regular market hours.
• These RWA derivatives allow continuous trading, enabling investors to react to macro events and news when traditional markets are closed.
• The trend highlights a growing market structure where price discovery increasingly occurs beyond traditional U.S. stock exchange sessions.

Topics: Asset types, Institutional adoption, Market cycles macro sensitivity, Financial instruments, Asset manager initiatives, Interest rate sensitivity

Tags: #binance #rwaperpetuals #fomc #usstockmarket #openinggaps #federalreserve #interestratehike #offhourstrading #derivatives #pricediscovery

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DOGE Facing Uncertainty After Bitwise Orders Shutdown Of Dogecoin ETF; Here’s Why

Dogecoin is experiencing difficulty. The market received disappointing news after Bitwise announced that it will abandon its Dogecoin ETF offerings.

• Bitwise is shutting down its Dogecoin ETF (BWOW) due to low investor demand and underperformance compared to other crypto ETFs.
• The decision has introduced uncertainty for Dogecoin, contributing to its price decline and selling pressure.
• Despite this setback, other Dogecoin ETFs remain available, and broader market factors like potential interest rate hikes also influence DOGE's performance.

Topics: Asset types, Institutional adoption, Public market access, Stablecoins digital cash, Asset manager initiatives, Bitcoin etf

Tags: #dogecoin #bitwise #etf #uncertainty #lowinvestordemand #marketperformance #crypto #sec #interestratehike

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Gold declines to near $4,400 as robust US jobs data lifts Fed hike odds

Gold price (XAU/USD) drifts lower to near $4,410 during the early Asian session on Tuesday. The precious metal extends the decline as a stronger-than-expected US Nonfarm Payrolls (NFP) report for August bolsters expectations for a Federal Reserve (Fed) interest rate hike this month.

• Gold prices are declining towards $4,410 due to strong US jobs data, increasing the likelihood of a Federal Reserve interest rate hike.
• Analysts note that while near-term price action is sensitive to macro data, gold is in a structural bull run driven by broad-based conviction.
• Technical analysis suggests a neutral near-term tone for gold, with key resistance and support levels identified.

Topics: Asset types, Market cycles macro sensitivity, Alternative assets, Interest rate sensitivity, Inflation recession impact

Tags: #goldprice #usjobsdata #federalreserve #interestratehike #bondyields #inflationdata #societegenerale #uobgroup #technicalanalysis #safehavenasset

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Yen tumbles to 31-year low as Bank of Japan faces challenges

• The Bank of Japan raised its benchmark interest rate to a 31-year high of 1% in an attempt to combat the yen's significant weakening against the dollar, which has reached 160 JPY/USD.
• Japan has approved its first yen-pegged stablecoin, JPYC, backed by bank deposits and government bonds, aiming to provide a tool for faster settlement and hedging in volatile forex markets.
• The introduction of JPYC on Ethereum and Polygon could influence DeFi ecosystems and offer Japanese investors a way to manage dollar-denominated crypto assets on-chain, though its adoption hinges on market demand.

Topics: Asset types, Jurisdictions, Integration with defi, Stablecoins digital cash, Established hubs, Rwa collateral lending

Tags: #yen #bankofjapan #stablecoin #jpyc #interestratehike #forex #ethereum #polygon #defi

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