ROLLUP: Downtober Drags | Tempo Poaches Dankrad | Coinbase Buys Echo | Gold Surge! | Fed Access

Bullish:

• $BTC - Bitcoin is performing well and remains on track since inception, standing out as the only crypto asset maintaining its trajectory

  • “Bitcoin's doing great. Bitcoin's on track. It's always been. It's on track.”

    David·5:49
• $STABLES - Stablecoins are gaining regulatory legitimacy with potential direct access to Federal Reserve infrastructure through skinny accounts

  • “Chris Waller came out... said that they were going to create skinny accounts so that crypto companies, stablecoin companies, organizations like Coinbase, could access Fedwire directly”

    Ryan·59:00
• $COIN - Coinbase has developed a comprehensive end-to-end capital formation pipeline through strategic acquisitions and vertical integration

  • “Coinbase now has a kind of a complete end to end capital formation pipeline, which is pretty cool.”

    David·51:48

Bearish:

• $ALTCOINS - Altcoins are significantly underperforming, trading below their post-FTX crash levels from 2022 despite Bitcoin's strength

  • “The middle of the market, the tokens, altcoins as you call them, are all below where they were post FTX crash in 2022.”

    David·6:23