New "caution is warranted" signal is SOLBTC pumping

SOLBTC is the new ETHBTC

*TRUMP: HARDLY ANY INFLATION AT ALL
(@WalterBloomberg)

Risk appetite among professional investors is surging:

Institutional investors’ equity allocation rose to 54.8% in July, the highest since the early months of the 2008 Financial Crisis.

This is now ~4 percentage points above its long-term average.

Excluding 2008, such a high allocation has only been seen during the 2000 Dot-Com Bubble.

Institutional investors now hold 17.5% of their capital in cash and 27.6% in fixed income excluding Treasury Bills.

All while State Street’s Investor Risk Appetite Index hit its second-highest reading in 11 years last month.

Professional investors have rarely been this bullish.
(@TheKobeissiLetter)

According to Reuters, Citigroup is considering offering custody and payment services for stablecoins and crypto ETFs. Its first focus is providing custody for high-quality assets backing stablecoins, while also exploring custody of digital assets supporting products such as bitcoin spot ETFs. Citi is additionally developing services to use stablecoins to enhance cross-border payments and enable instant settlement. — link