This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.
Key Takeaways:
Bitcoin finished the week up over 4%, ethereum up 6%, and solana up 7%. This seems great if you avoid remembering that both the S&P 500 and the Nasdaq broke new all-time highs yet again, despite the extreme uncertainty.
Gold printed a modest green weekly candle while silver traded slightly down on the week. BTC’s rebound, combined with the indices’ unlikely break, suggests a return of fresh risk appetite.
Kevin Warsh, the presumptive next Fed Chair, disclosed ownership across more than 30 crypto projects, which crypto market participants, desperate for any positive news, interpreted as bullish for the sector’s policy future. Jeremy Allaire also sounded notably bullish on Jakarta’s future, a reminder that crypto’s next growth story may come less from New York and more from cities where digital finance is being treated as infrastructure rather than ideology.
