The Canadian Dollar round-trips as Fed officials differ on hike timing

Tuesday‘s two Canadian catalysts, a flat July for the economy and a later start to Bank of Canada (BoC) bond buying, didn’t move USD/CAD. The pair went above 1.4200 for the first time since early July and fell back twice. The second drop began when New York Fed President Williams, a permanent voter on rates, said there‘s no rush to hike again. The BoC’s news came from a conference stage in Manhattan, and the Fed speech that moved the Loonie was given in Buffalo, a short drive from Ontario.  No urgency still means one more hike this year  US job openings fell to 7.079 million in August against a 7.23 million forecast, and USD/CAD recovered the dip before Fed Governor Barr spoke. The pair made its second run at the session high after Governor Barr said in Detroit that high energy prices and artificial intelligence investment mean more hikes are likely needed. President Williams said one more hike may be appropriate late this year and that the September 16 move to 3.75%-4.00% gives the Fed time to wait for data.  Fed funds futures still price about a 70% chance of an October hike, which leaves most of the case for a higher USD/CAD

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Hyperscale Data Holds $56M In Bitcoin And Cash

Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the market capitalization of its common stock as of September 28.  A balance sheet worth more than the stock  The disclosure means the Las Vegas-based company‘s Bitcoin and cash holdings exceed what the equity market values the entire business at. Hyperscale Data priced the Bitcoin using a closing price of $84,458 per coin on September 27. Milton “Todd” Ault III, the company’s executive chairman, framed the position as proof the firm can keep executing while its flagship data center comes online. “We strongly believe that the $56 million of Bitcoin, cash and restricted cash puts the Company in a strong financial position to continue delivering on our commitments to our customer and bringing the initial phase online,” he said. Ault added that the Michigan AI data center remains the companys priority as it approaches free cash flow generation.  From mining rigs to AI infrastructure  The treasury update lands as Hyperscale

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Crypto News: LASD Ex-Officer Sentenced After Aiding Crypto Businessmans Scheme

Key Insights:In today‘s crypto news, a man admitted to misusing police databases for Adam Iza’s interests.The former deputy failed to report more than $373,000 in income.Multiple former LASD deputies faced sentences linked to the case.  Crypto news today covered an incident where former Los Angeles County Sheriffs Department (LASD) deputy Eric Chase Saavedra received a 21-month federal prison sentence. Saavedra was sentenced after admitting that he abused his law enforcement position while working with cryptocurrency businessman Adam Iza.  United States District Judge Percy Anderson issued the sentence and ordered Saavedra to pay $90,984 in restitution. Saavedra, 42, of Chino, previously served as an LASD detective and a federal task-force officer.  Saavedra pleaded guilty in February 2025 to conspiracy against rights and false subscription to a tax return. As part of his plea agreement, he agreed to forfeit items purchased during the alleged conspiracy.  The forfeited property included 32 Louis Vuitton bags, 27 pairs of Gucci shoes, 5 Louis Vuitton wallets, and a money-counting machine. The case has sparked a heated debate in the crypto market as it is tied to a crypto entrepreneur and alleged financial crimes.  Crypto Market Case Involved Private Security Operations  Court documents identified Adam Iza as a self-described cryptocurrency businessman who hired

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VVV crypto falls 25% - Could Venice Tokens buy zone be near $20?

Venice Token [VVV] slid to a low of $25.90 on the 29th of September, marking a 25% drop from its record peak of $34.60. Although the altcoin flashed a reversal sign (an incomplete hammer candlestick), an extra price decline and discount couldnt be overruled.  Should VVV crypto bulls wait a little longer?  Following Bitcoins [BTC] cue and subsequent drop from $87K to $82K, the VVV crypto also faced a similar sell-off. The VVV crypto tripled in Q3, rising from $10 to $35, a whopping +230% gain between July lows and September peak.  Although the brief Bitcoin pullback triggered VVV holders to book profit, the selling may be far from over. First, the broader market may remain range-bound ahead of the Fed rate decision in late October. If so, altcoins that have exploded in Q3, including VVV, may see more profit-taking.  Source: VVV/USDT, TradingView  On this macro backdrop, the recent 20% drop seems incomplete. The pullback has not touched the typical golden zone and reversal level at the 50%-61.8% Fibonacci level ($20-$22). In other words, an extended decline could still be possible towards this support level.  The level was also a confluence of the 200-day Moving Average (MA) and the Fibonacci golden zone, further reinforcing it as

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Feds Williams says worst inflation shocks have passed

New York Federal Reserve (Fed) President John Williams spoke at the University of Buffalo and said that “price stability is foundational for the economy,” adding that “determining how restrictive monetary policy is is hard.”  Williams added that inflation should temper because the “biggest shocks” have passed and added that the “September rate hike aimed at creating a swifter return to 2% inflation.”  Discover more  Bitcoin halving forecast  Digital Currencies  Buy Ethereum online  Key highlights:  Price stability is foundational for economy  Inflation should ease because biggest shocks have largely played out  Energy prices remain very important in economy, but us is less exposed relative to past  Depending on war‘s path, doesn’t expect further surge in energy prices  Determining how restrictive monetary policy is is hard  September rate hike aimed at creating swifter return to 2% inflation  Im a big believer in being data dependent  K-shaped economy is very real  AI is driving up asset market valuations, bolstering wealth effect  Starting to see some data that shows AI bolstering productivity gains  Fed should stay out of partisan politics and focus on data  Strong period of productivity could lift natural rate of interest  Fed FAQs  Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool

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8 Things That Don‘t Add Up About Anthropic’s IPO

Anthropic wants stock market investors to value it at more than $2 trillion. Last year, the company behind Claude AI lost $42 billion.  Both numbers sit in Anthropics IPO prospectus, the document a company files before selling shares to the public. Reuters reviewed it on Monday. Here are eight places where the pitch and the numbers pull apart.  Anthropic valuation: $2 trillion  Amazon valuation: $2.6 trillion  Anthropic revenue: $65 billion  Amazon revenue: $716 billion  Explain this gap. https://t.co/QPXe39TJp4 pic.twitter.com/ogB8nTsLIo  — Limitless Finance (@trylimitlessfin) September 29, 2026  1. A $2 Trillion Price Tag on $4.6 Billion in Sales  Anthropic made about $4.6 billion in 2025 revenue. At $2 trillion, investors would be paying roughly $435 for every $1 of sales.  Sponsored  Sponsored  Annualized revenue reached $65 billion in July and could hit $100 billion by year-end. But that is based on the current run rate, not a full year of audited sales.  That makes the valuation unusually dependent on growth continuing almost perfectly. A slowdown would make the $2 trillion figure look much harder to justify.  2. The Business Lost $8 Billion  Anthropic lost $8.06 billion from operations, up from $2.98 billion in 2024.  The headline $42 billion loss exaggerates the cash burn. Yet the underlying business is still losing billions, and those losses are growing.  Anthropics IPO

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Kalshi Weighs $1B Funding Round at Nearly $40B Valuation as

Kalshi is considering a funding round of about $1 billion at a valuation near $40 billion, according to reports, as the prediction-market operator expands beyond event contracts.  Sequoia Capital and Wellington Management are in talks to participate, while Tiger Global Management and Dragoneer Investment Group are also considering joining. The discussions remain ongoing, and the deal size and valuation could change.  Funding Talks Continue  Kalshi last raised $1 billion in May at a $22 billion valuation. A new round at $40 billion would nearly double the companys valuation within months.  Related: House Oversight Broadens Prediction Market Probe to Hyperliquid, Crypto.com  Sequoia could lead the financing, while partner Alfred Lin serves on Kalshis board. The terms remain under negotiation, with the deal expected to develop in the coming weeks.  Polymarket is also exploring a funding round of about $1 billion as prediction markets attract increased investor interest.  Kalshi Expands Into Financial Markets  Kalshi is seeking to expand beyond event contracts into financial and economic markets, bringing it into greater competition with established derivatives exchanges such as CME Group and Intercontinental Exchange.  Dune data shows Kalshi has increased its market share relative to Polymarket over the past year.  The expansion comes as lawmakers examine prediction-market regulation and investor protections. Kalshi operates under

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Bitcoin Was the Asset. Now Institutions Are Building Around It

Institutions are moving beyond the question of whether to own bitcoin and toward how to finance, hold, and use it. A new research note says the shift could shape bitcoins next phase of adoption.  Key TakeawaysTD Cowen sees growing interest in finance built around bitcoin.Blackrock described ETFs and self-custody as complementary.Privacy and security are emerging as institutional issues.  Bitcoin Becomes the Basis for New Financing  Bitcoin is becoming the foundation for a wider set of financial products, according to TD Cowens account of the Sept. 28 Bitcoin Treasuries Conference in New York. TD Cowen is a division of TD Securities. Its equity analyst Lance Vitanza, CFA, examined discussions of capital formation, collateral, and funding structures in a Sept. 29 sector note titled “Three Themes Shaping the Next Phase of Institutional Bitcoin Adoption.”  Vitanza wrote:  “The conversation is moving beyond bitcoin ownership and toward the ecosystem being built around it: capital markets, implementation frameworks, and institutional infrastructure.”  “The conversation is moving beyond bitcoin ownership and toward the ecosystem being built around it: capital markets, implementation frameworks, and institutional infrastructure.”  Conference participants discussed bitcoin-backed bonds, preferred shares (stock with priority over common shares for dividends), convertible securities (instruments that can be exchanged for shares under specified terms), and financing

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Raydium corrects 12% after a 138% monthly run - Is RAY losing strength?

Raydiums 138% monthly uptick encountered a sharp reset as RAY dropped 12.06%, as weakening market sentiment triggered profit-taking across the market.  Particularly, the retracment followed an extended rally that had pushed RAY into increasingly into overheated conditions.  Besides profit-taking activity, the broader conditions also became less supportive during the decline. Notably, the Crypto Fear & Greed Index declined from 70 to 69, although sentiment maintained within “Greed.”  The assets daily trading volume, meanwhile, reached approximately $75.4 million, validating strong participation during the sell-off.  The combination of profit-taking and cooling market sentiment, therefore, put RAYs recovery under its strongest recent pressure.  Source: CoinMarketCapLeverage retreats as longs take the hit  Also notably, the derivatives market participants minimized exposure as RAYs retracement spread beyond the spot market.  Discover more  News  NEWS  Finance market insights  In particular, Open Interest declined 8.88% to $15.93 million, suggesting leverage left the market alongside the falling price.  Additionally, the recent liquidation activity provided another element to the deleveraging trend. Notably, the long liquidations dominated during the latest reading, reaching nearly $8.57K compared to just $23.66 in shorts.  It is also worth noting that the larger long-liquidation spikes had already appeared during most of the Septembers volatile sessions. The recent decline, therefore, extended a broader pattern of leveraged bullish positions facing pressure.  The

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Hut 8 locks in $1B credit line, but faces 40% liquidity rules

Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line.  Related Company Hut 8 Business building technologists  The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept. 24.  Hut 8 says letters of credit can support interconnection deposits and obligations to utilities and equipment vendors, reducing the cash it needs to post as collateral. The $1 billion letter-of-credit sublimit is contained within the overall commitment.  Related Asset Bitcoin BTC · $83,590.84 24-hour change: up 0.15%  In effect, the line offers two ways to use a single pool of bank capacity: borrowing cash or securing eligible obligations.  Flexibility for development, exposure at the parent  Hut 8s June 30 balance sheet listed $233.6 million in cash, with restricted funds reported separately.  The line can help bridge interim development needs while Hut 8 decides when to arrange longer-term project financing, according to the company. That timing gives the parent a financing option while projects move through their earlier stages.  Hut 8s $1.07 billion secured revolver supports borrowing or letters of credit, with nothing outstanding at closing.  The new

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