Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick stated that Bitcoin could approach its all-time high of $126,000 by the end of the year, with the related recovery likely to accelerate after October 6. "For the first time this year, there’s a risk that my end-of-year forecast of $100,000 might be too low," he said. Kendrick noted that the recent rally is mainly driven by short squeezes, while inflows into Bitcoin spot ETFs have also started to recover. Current open interest is low, which may leave room for more investors to re-enter the market amid rising prices. In February this year, Kendrick cut Standard Charter’s year-end Bitcoin target from $150,000 to $100,000, and lowered Ethereum’s target from $7,500 to $4,000. At that time, he had projected Bitcoin would fall to around $50,000 and Ethereum to roughly $1,400 before rebounding over the rest of the year.

Per HTX market data, FOLD surged over 67% in a short time due to its listing on Upbit, currently trading at $0.149. Earlier news noted that Upbit would launch Interfold (FOLD) trading pairs for KRW, BTC, and USDT.

An unprecedented stock market crash is pushing South Korean retail investors toward complex structured products. This group of risk-seeking investors continues to seek ways to boost returns. Equity-Linked Securities (ELS), which offer annualized coupons of 40% to 50%, have regained popularity among retail investors. In July, ELS sales rose to a more than three-year high, with products linked to Samsung Electronics and SK Hynix leading the way. Meanwhile, regulators are moving to curb retail investors' frenzied demand for single-stock leveraged exchange-traded funds (ETFs). These products are believed to have amplified market volatility during the 22% plunge in the benchmark Korea Composite Stock Price Index (KOSPI) last month. This indicates that one of the largest market crashes in recent memory has barely dented retail investors' risk appetite, only shifting the type of products they pursue. The recent market correction appears to have created an attractive entry point for ELS products. These securities pay coupons to investors as long as their underlying stocks or indices stay within a pre-set range, but they can also face significant downside risks if the market drops sharply.

According to monitoring by Onchain Lens, Wintermute currently holds open positions worth $160.03 million on Hyperliquid. Of these, short positions are valued at $146.19 million, while long positions total just $13.85 million. The positions have a combined unrealized loss of $3.66 million, but have earned $2.14 million in funding fee revenue. Still, Wintermute’s cumulative historical profits stand at $203.55 million.

According to an official announcement, Upbit will list FOLD trading pairs against KRW, BTC, and USDT.

According to GMGN data monitoring, the market cap of Solana-based Meme coin CATE has surpassed $80 million, currently trading at $80.26 million, with a 24-hour gain of over 48%. BlockBeats reminds users that most Meme coins lack practical use cases, exhibit high price volatility, and investors should exercise caution.