X Plans Financial Offerings, Avalanche Looks to Boost Tokenized Assets

Risk assets have remained relatively stable before tomorrow’s FOMC meeting and critical earnings releases scheduled after today’s close (Microsoft/Alphabet). The S&P was up 0.38% at writing, while the Nasdaq gained 0.83%. Notably, Chinese markets experienced a significant rise as the country committed to implementing substantial changes to support the property market and enhance consumer demand. Hong Kong and mainland equities surged approximately 4.1% and 2.1%, respectively. BTC is stabilizing after its early week sell-off, up 0.7% to trade at $29.2k. ETH is trading at $1.86k, gaining 0.9% over the last day. Derbit’s Bitcoin implied volatility index has reached its lowest level since its inception two years ago, indicating markets are not expecting any big near-term moves. Fed Futures are pricing a 98.9% probability of a rate hike tomorrow, but all eyes will be on chair Powell’s 2:30 pm EST media appearance for clues on whether the Fed is done tightening.