TD Securities: Shifts Fed Rate Cut Expectation from March to June, Still Expects Three Rate Cuts This Year

February 12th — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), BERA’s price briefly spiked to $1.36 early this morning before plummeting more than 35% within 15 minutes to a low of $0.88. Trader Loracle (X: @loraclexyz) — an early Hyperliquid contributor, founder of Hypurrfun, and alias for Laurent Zeimes — gradually built up a short position in the $1 to $1.33 range during the move, topping out at a $3.8 million position. He closed out the full position for profit when BERA dropped to ~$0.9, netting $630,000 total (nearly a 50% return) over just 4 hours. Loracle has recently deployed a compound hedging strategy: holding a large HYPE long position while taking a significant short on BTC. Currently, he is Hyperliquid’s largest HYPE and PAXG long holder, plus its top BTC short holder, with a total position of $107 million and nearly $11 million in unrealized profits. He also recently bought the HYPE dip at an average $22 and hasn’t closed that position

February 12 — Per GMGN monitoring (via https://t.me/gmgnaibot?start=i_m4TE56o8), activity in the Base ecosystem has rebounded sharply recently, with several on-chain tokens posting notable gains. - Meme token CLAWNCH (link: https://gmgn.ai/base/token/i_m4TE56o8_0xa1f72459dfa10bad200ac160ecd78c6b77a747be) saw its market cap surpass $18 million, currently sitting at $18.14 million. It’s up over 20% in 24 hours, with a trading volume of $2.2 million. - Meme token KellyClaude (link: https://gmgn.ai/base/token/i_m4TE56o8_0x50d2280441372486beecdd328c1854743ebacb07) briefly topped $16 million—hitting a new all-time high (ATH). Its current market cap is $15.4 million, with a 23% 24-hour gain and $2.3 million in trading volume. BlockBeats reminds users that meme coins are extremely volatile, heavily tied to market sentiment and hype, and lack tangible value or use cases. Investors should be cautious of the risks involved.

On February 12, Uniswap Labs announced a partnership with Securitize, with BUIDL—Belridge’s subsidiary—now tradable via UniswapX. This marks Belridge’s first direct foray into decentralized finance (DeFi), enabling eligible institutional investors (whitelisted, with at least $5 million in assets) to trade using stablecoins. Additionally, Belridge noted it will purchase Uniswap’s UNI token, though it did not disclose the specific amount. In reaction to the news, UNI’s price briefly spiked over 30% (jumping from roughly $3.3 to $4.5) before settling back to $3.5. The crypto community is hailing this as a milestone in the deep integration of traditional finance (TradFi) and DeFi. With over $14 trillion in assets under management (AUM), Belridge’s choice of Uniswap signals a strong endorsement of DeFi infrastructure—with UNI as a key beneficiary. Uniswap founder Hayden Adams said: “DeFi is having an important day. This collaboration leverages Uniswap’s market structure to enable on

February 12 — Bitwise CEO Hunter Horsley tweeted today: “A Bitwise wealth management client who had never allocated to crypto when first partnering with us two years ago invested $11 million in Bitcoin today amid the market pullback. For many investors yet to enter crypto, market pullbacks present opportunities.”

On February 12, analyst Brian Reynolds noted that Bitcoin’s recent decline has been relatively stable—not a panic sell-off—suggesting the price may test lower levels further before a strong buying opportunity emerges. While volatility has picked up, it remains below 2022–2023 levels. Given high market leverage, additional downside could trigger liquidations. Reynolds believes a better entry point will emerge if Bitcoin breaks below its trend line. Currently, Bitcoin trades at around $66,590, a sharp drop from its October 2023 high of $126,223.