🔢 The Magic Number

The unexpected beneficiary of a Fed rate cut is...

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Happy Monday, Zingernation! Microstrategy is a Buy after it topped up its Bitcoin stack once again, analysts say. But Canaccord lowered its price target: here’s the new one.

Today, we look at which crypto sector could benefit from the Fed cutting rates, which GOP official Polymarket traders are betting on to endorse Harris and more.

Plus, the World Championship of Trading is kicking off! Get ready for the ultimate trading showdown for your chance to win cold hard cash!

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MARKET SNAPSHOT

TOP STORY

Wednesday is D-Day.

The Fed will finally start cutting rates. Whether we get 25 or 50 basis points is still to be determined but either way, crypto could benefit.

And one sector in particular could see a revival thanks to lower interest rates, according to Bernstein analysts.

Which one?

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QUICK N DIRTY

Contrarian takes are a dime a dozen in crypto. But one trader really shared a contrarian take by backing the TRUMP token after it’s down over 90% from its ATH.

Microstrategy remains a ‘Buy’ according to analysts at Canaccord. But they also lowered their price target - here’s by how much.

Dogecoin will be one the top memecoin narratives in 2025, according to the ‘Dogecoin millionaire.’ But his main winning narrative is another one.

FINTECH FOCUS

Anthony Scaramucci thinks more GOP officials will break ranks and disavow their Presidential candidate.

And it just so happens that Polymarket has a market on whether Mitt Romney will endorse Kamala Harris.

The same Romney that has referred to Trump as a “failure of a character.”

The chances a Harris endorsement happens?

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