Bankless ROLLUP: China's $500B Stimulus | Kamala's Pro-Crypto Pivot? | Gary Gets Grilled | EIGEN Unlock Incoming
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Sep 27, 2024 China's new $500 billion stimulus package is shaking up global markets, raising questions about its effects on cryptocurrency. Gary Gensler faced tough questions in Congress about regulation, while Kamala Harris's pro-crypto stance stirs debate among political circles. The Eigenlayer's token unlock marks a significant moment in crypto, and major insights emerged from Solana's Breakpoint Conference. With the potential shift towards quantitative easing in China, the implications for U.S. investors and the crypto market could be profound.
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Leveraged ETH Tokens
- Consider Index Coop's leveraged ETH tokens for potential gains in a rising market.
- These tokens offer leveraged exposure to ETH via Aave and Uniswap.
Bitcoin ETF Options
- The SEC approved options for BlackRock's spot Bitcoin ETF, a first for TradFi.
- This approval increases liquidity and institutional interest in Bitcoin.
China's Stimulus
- China announced its biggest economic stimulus since the pandemic, cutting interest rates and bank reserve requirements.
- This move, combined with potential fiscal stimulus, signals increased money printing.