As we do every Sunday, here are the top news stories from the past week:

Tuesday:

Now that Terminal 3 at Frankfurt Airport is finally open, Terminal 2 is closing. The terminal is set to undergo a major renovation that will last for many years. This means that $FRA (+0,5 %) Fraport, the airport’s maximum capacity will likely not be fully utilized for the time being.

https://www.handelsblatt.com/unternehmen/dienstleister/flughafen-frankfurt-terminal-2-schliesst-fuer-viele-jahre/100231588.html

Wednesday:

The German robotics startup secures the largest funding round ever in Germany. The startup raises $1.4 billion and is valued at $7 billion. Investors include $NVDA (+1,14 %) NVIDIA, $AMZN (+1,11 %) Amazon, $USDT (+0 %) Tether, and $QCOM (-5,74 %) Qualcomm.

https://www.handelsblatt.com/unternehmen/start-ups/neura-robotics-deutsche-robotikfirma-stemmt-rekord-finanzierungsrunde/100228368.html

The $FRAS (+0 %) Frasers Group is making a bid for $BOSS (+0,17 %) HUGO BOSS and is offering 38 euros per share. That’s not much above the current market price. We’re eager to see how this plays out.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/mode-grossaktionaer-frasers-will-hugo-boss-uebernehmen/100232072.html

Thursday:

For the first time in three years, the ECB is raising interest rates again to 2.25%. The main reason is the rise in energy prices due to the war in Iran. This is a disservice to the eurozone economy. However, it brings the ECB closer to its goal of combating inflation above 2%.

https://www.welt.de/newsticker/dpa_nt/infoline_nt/wirtschaft_nt/article6a2aa7667e682fc37fbf5b48/gestiegene-inflation-ezb-hebt-zinsen-erstmals-seit-2023-an.html

Friday:

$SPCX (-1,89 %) SpaceX successfully goes public and debuts on the stock market with a higher valuation than Meta. All this despite annual revenue of just 16 billion euros and an annual loss of about 4.5 billion euros. Apparently, however, investors see enormous growth potential. That is the only way to justify this valuation.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/wall-street-us-boersen-oeffnen-kaum-veraendert-spacex-debuetiert-an-der-nasdaq/100232579.html

According to a new analysis by Binance Research, the upcoming US midterm elections could be an important catalyst for a new upward movement in risk assets such as Bitcoin ($BTC (-0,97 %) ) and equities. Historical data shows that political uncertainty around elections often leads to increased volatility - followed by a sharp rebound in markets.

_________________________

📈 1. historical pattern after midterm elections

Binance analysts point to recurring market cycles:

• The S&P 500 averaged +19% returns in the 12 months following midterm elections.
• There has not been a negative year for the index in this period since 1939.
• Bitcoin ($BTC) even gained around +54% on average after midterm cycles.

💡 Interpretation:

As soon as political uncertainty about the composition of the US Congress disappears, investors often return more strongly to risk assets.

_________________________

📉 2. why midterm years are often weak at first

Historically, midterm years themselves are often volatile or weak:

• S&P 500 average drawdown: around -16 %
• Bitcoin average decline: about -56% during midterm years

This phase is often characterized by several factors:

• political uncertainty
• restrictive monetary policy
• macroeconomic risks

The situation often only stabilizes after the elections.

_________________________

⚙️ 3. Why the election is relevant for the crypto market

US politics plays a central role for:

• Crypto regulation
• stablecoin laws
• institutional capital flows

A clearer political environment after the elections could enable more institutional investment in cryptocurrencies, analysts say

_________________________

🧠 4 Classification for investors

The analysis indicates a possible scenario:

In the short term

• high volatility
• Political uncertainty

Medium term (after the elections)

• Possible risk-on phase
• Rising demand for equities and cryptocurrencies

However, this does not mean that a rally is guaranteed - geopolitical risks, inflation or interest rate policy may continue to play a major role.

_________________________

🧠 Conclusion

The data suggests that US midterm elections are historically often a turning point for markets.

If the pattern repeats itself, Bitcoin ($BTC (-0,97 %) ) and equities could see a stronger rally after the election period.

The post-election period could therefore be particularly interesting for investors.

_________________________

🔗 Source

Ground News: Binance US midterms could spark Bitcoin and stock rallies

$ETH (-1,99 %)
$SOL (-1,61 %)
$USDT (+0 %)
$BNB (-1,15 %)
$XRP (-1,87 %)
$DOGE (-2,4 %)

A few days ago, Bloomberg analyst Mike McGlone pointed out that Tether's stablecoin $USDT (+0 %) is not far behind Ethereum in terms of market capitalization. The gap is still around 50 billion US dollars - but it is shrinking. Should there be a further decline on the crypto market, Ether could lose its second place in the ranking.

However, this would not be the "death of Ethereum", but an expression of a structural shift. $ETH (-1,99 %) Ethereum is stable, has the largest developer base in the ecosystem and remains the center of the smart contract economy.

The real story is stablecoins. They have long been the most widely used instrument in the crypto market and have $V (-0,14 %) (Visa) and $MA (+0,04 %) (Mastercard) in terms of transaction volume. According to Accenture, they could process payments worth over USD 13 trillion by 2030 - with potentially billions in fees lost to the traditional banking system.

The question is therefore not so much whether USDT will "flip" Ethereum, but rather: Are we witnessing the quiet dominance of the digital dollar infrastructure? (Author: Jérémy Le Bescont, Editor-in-Chief of CoinShares)

$CETH (+7,63 %)

Have you heard of Nano Labs Ltd $CTLE yet? The company has recently released exciting news! 🎉 They have reached agreements with investors to sell 913,714 Class A shares in a private placement. The price per share is 6.46 USD, which totals about 5.9 million USD - and the whole thing will be paid in Bitcoin $BTC (-0,97 %) and $USDT (+0 %) and

In addition, Nano Labs has increased its Bitcoin holdings and now holds around 400 Bitcoins worth around USD 40 million. The average purchase price per Bitcoin is USD 99,500. This shows that the company is actively investing in cryptocurrencies and diversifying its strategy.

What do you think of this combination of selling shares and investing in Bitcoin? Do you think Nano Labs is on the right track?

Kevin Warsh: Favorite for US Treasury Secretary and his potential impact on the crypto market

Kevin Warsh, former governor of the Federal Reserve and currently Senior Fellow at the Hoover Institution, is considered the 51% favorite to become US Treasury Secretary under the new Trump administration, according to Polymarket. His pragmatic stance on cryptocurrencies - from recognizing the potential of Bitcoin to supporting a digital US dollar - makes him a key figure who could have a decisive impact on the crypto market.

Who is Kevin Warsh?

Kevin Warsh was a member of the Federal Reserve Board from 2006 to 2011 and played a central role in stabilizing the markets during the 2008 financial crisis. He is known for his deep expertise in monetary policy and his ability to integrate technological innovations such as digital currencies into economic policy considerations. His views combine traditional market approaches with an openness to modern financial technologies.

What power does the US Secretary of the Treasury have?

The US Secretary of the Treasury is one of the most important economic policy makers in the government. The person in this office steers US fiscal policy, oversees the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN), and influences international financial relations. Particularly relevant for cryptocurrencies is the role of the Secretary of the Treasury in working with regulatory authorities such as the SEC, CFTC and the Federal Reserve. The Secretary of the Treasury can therefore directly influence the regulation and integration of cryptocurrencies and blockchain technology in the financial system.

How crypto-friendly is Kevin Warsh?

So far, Warsh has mainly commented on Bitcoin, describing it as the "new gold". His proposal to develop a digital US dollar (CBDC) shows that he takes the potential of blockchain technology seriously. However, his criticism of speculative tokens suggests that he does not have an unreservedly pro-crypto stance. His approach is probably balanced: Support for established cryptocurrencies and technologies, but with clear regulation to protect consumers and the financial system.

Warsh's statements and positions on cryptocurrencies:

1. support for a US digital dollar (CBDC)

As early as 2018, Warsh proposed the introduction of a "FedCoin", a central bank digital currency (CBDC) to secure the international leadership role of the US dollar. He stated: "The Federal Reserve should consider a 'FedCoin'." Warsh argued that a digital dollar could help compete with other countries such as China, which are already working on state-controlled digital currencies. The "FedCoin" could serve as a complement to traditional payment methods.

2 Bitcoin as digital gold

In an interview in 2021, Warsh described $BTC (-0,97 %) as a kind of "new $GOLD ". He explained: "If you're under 40, Bitcoin is your new gold." Warsh pointed out that Bitcoin is a way for younger generations to hedge against fiat currency risks. He emphasized that Bitcoin could become more important in an environment of expansionary monetary policy by the Federal Reserve.

3. skepticism towards speculative tokens

While Warsh recognizes the potential of established cryptocurrencies such as Bitcoin, he remains critical of speculative tokens with no clear benefit. He warned: "Such projects not only endanger investors, but also undermine confidence in the entire industry."

4 Blockchain as a transformative technology

Warsh sees blockchain technology as having the potential to make the financial infrastructure more efficient and transparent. He explained: "Bitcoin and the underlying technology could fundamentally change the financial world."

Conclusion

Kevin Warsh combines a pragmatic and forward-looking approach to cryptocurrencies. His appointment could lead to a balanced approach that encourages innovation in blockchain while introducing regulations to protect investors and the stability of the financial system. His potential support for a US digital dollar would reshape the global financial order and could support private stablecoins such as $USDT (+0 %) or $USDC under pressure. However, it remains to be seen whether Warsh will actually be nominated as Treasury Secretary, as the final decision has yet to be made.

Sources:

Polymarket Betting Market: https://polymarket.com/event/who-will-trump-nominate-for-treasury-secretary/will-trump-nominate-kevin-warsh-for-treasury-secretary?tid=1732035823612

Claims:

Cointelegraph: https://de.cointelegraph.com/news/former-us-federal-reserve-governor-says-federal-digital-currency-deserves-consideration

BeInCrypto: https://de.beincrypto.com/kevin-warsh-wenn-du-unter-40-bist-ist-bitcoin-dein-neues-gold/

Decrypt: https://decrypt.co/53378/federal-reserve-governor-bitcoin

Crypto News Flash: https://www.crypto-news-flash.com/de/bitcoin-ehemaliger-fed-gouverneur-erwartet-fortsetzung-des-bull-runs/

Bitcoin cycles in the year of the halving. If September was green for Bitcoin, the following three months were all green. Bitcoin is up 11.5% this September and there are only four trading days (including today) left this month. Where do you see the Bitcoin price at the end of the year? My guess is $100,000 (currently $65,000).

$BTC (-0,97 %)
#bitcoin
$ETH (-1,99 %)
$SOL
$BNB (-1,15 %)
$DOGE (-2,4 %)
$XRP (-1,87 %)
$SUI
$ADA
$USDT (+0 %)
$AAVE
$BONK
$SHIB
$BEST
$COIN
$MSTR (+15,99 %)
$GLXY
$IBIT
$BCH
$21BC$HIVE
$MARA
$RIOT
$ETHE
$BCHS
$ARB

$USDT (+0 %) loses the dollar peg

⚠️ Update: after plunging as low as $0.95, things seem to be returning to some normalcy. Or just the calm before the storm?

After the crypto faction has certainly witnessed the drama around $UST (-2,47 %) in the last few days, Tether has now been trading below a dollar for a few hours. The dimensions are by far not as huge as with UST, but it started similarly with UST - and currently you can watch the gap grow.

Unlike UST, USDT is not algorithmic. For every USDT there is a real dollar deposited. The only stupid thing is that exactly this is doubted again and again. At the same time, USDT is the most important stablecoin in the crypto environment. If USDT continues to crash, what we have seen in the crypto environment in recent days was just a small dent.

I for one have swapped all stablecoins into euros and only keep UST for gambling. And don't forget, with the Donkey you heard it first 🥕