SEC Postpones BTC ETF Decision, Coinbase Users Implicated in CFTC Subpoena

Market Update Bullish news continues following an upward revision of the U.S. Q3 GDP to an annual rate of 5.2%, approximately 30 basis points higher than initially reported. Equities retraced early gains to trade flat at writing, while bonds continued to rally. Notably, the yield on the U.S. 10-year Treasury note has fallen below 4.3%, a significant drop from its peak of roughly 5.0% roughly 40 days earlier. This upswing is partly a reaction to recent dovish statements by Federal Reserve member Waller, who believed that the current monetary policies are effectively poised to combat inflation