Surprising Moves: Tether Outpaces BlackRock, PayPal Enters New Crypto Era

And what else is moving the markets.

Matt Curda
September 12, 2024

Hello Investors!

Let’s see what’s moving the markets today.

Source: Leonardo AI

August CPI inflation falls to 2.5%.

That aligns with expectations and marks the lowest levels since March 2021.

The first rate cut since 2020 is coming next week.

Today, the ECB (European Central Bank) decided to cut interest rates again*.

The bigger market shake-up was the presidential debate on Tuesday.

Before the debate, Trump had a 53% chance of winning, according to Polymarket.

Today, prediction markets show Kamala Harris has a slight edge.

Source: Polymarket

Crypto investors were disappointed as the topic wasn’t mentioned, and tech issues barely surfaced.

Bitcoin dropped 2.6% following the debate but recovered quickly the next day. Overall, markets remain mixed.

Learn more: CoinDesk, Fact Check from the debate

Short-term volatility, long-term gain.

Trump would likely offer an early boost, but no matter who wins, investors want clarity and certainty of a clear winner.

Source: Milkroad / TradingView

A great chart from Milroad above shows that it really doesn’t matter in the long run.

The Banana Zone is coming…

Tether, the largest stablecoin issuer, is beating out BlackRock, the world’s biggest asset manager, in profit. By 12.7% ($700m) in 2023.

This content is free, but you must be subscribed to Meta Investor to continue reading.

Already a subscriber?Sign In.Not now

or to participate.