Daily Crypto NewsEDITION #1057, 19 September

What’s next, FED?

Today, in 1982, Scott Fahlman suggested using emoticons to express feelings on the Internet.

Nowadays, emojis are starting to take a backseat to GIFs and stickers. How will we express emotions in the future?...

Now, let’s get to the important stuff, since we value your time. After all, time is Moni.

What’s up?

Everyone’s talking about it: Yesterday, they dropped the rate by 0.50%. Here’s what we think:

- First off, don’t link this rate change to other historical events. Like, "Oh, back in 2007 they also dropped it by 0.50%, and then remember the 2008 crisis."

The economy is a living, moving thing. It’s like history, it rhymes but doesn’t exactly repeat.

- Second, panic-mongers like Peter Schiff should be ignored. He used to hate Bitcoin and predicted it would hit $0. Now he’s saying the rate drop will worsen the recession.

It’s actually a decent strategy. Always say things are going to get worse, and eventually, you’ll be right. That’s how Schiff predicted the 2008 crisis.

Same goes for those who always say things will get better. Take Cathie Wood, for example. She’s always hyping up Bitcoin to hit a billion (figuratively), and predicting a SOLANA ETF soon – everything’s always rosy in her forecasts.

Personally, we are no forecasters. we don’t make predictions.

- Third, people are dissecting Powell’s (Fed Chair) quotes like crazy. Be honest: Do you really care how much inflation they want, or what it will be? Does it make any difference to you? Are we all economists here? No.

People are desperately trying to predict the unknown, and almost every time, it ends in disappointment.

We’ll say it again: We watch the situation. We remember black swans. We don’t play Nostradamus.

It seems like a wave of rate cuts has indeed started.

From what We can tell, the market is waking up, and it’s time to get active, especially if you haven’t crawled out of your bear *beer* cave yet.

Other important news:

- Solana Mobile unveiled a new phone called Seeker:

It looks cool, with built-in AI assistants, SBT for purchase, and maybe some airdrops.

Price: $450. Pre-orders are open until September 21st. Click here.

People who pre-ordered the second Solana phone are complaining. It was $50 more expensive, ordered in April, and still no word.

Are we buying?

- Trump paid with Bitcoin at PubKey. Bought a burger.

- Ton Open League 6 Season. Yep, check yourself on the leaderboards.

  Don’t get upset if you’re down low. On Monday at 11:00 UTC, $1 million in $TON will be allocated to pools on Dedust and Ston.fi in the following tokens:

  $NOT, $JETTON, $TONG, $WALL, $PUNK, $REGI, $HYDRA, $COFE, $DFC, $DMT.

  Providing liquidity is also part of the activity this season.

- An interesting thought from crypto Twitter: “If you want to complain, the market will always give you
reasons to complain.”

Think about that.