guotai junan approval marks first chinese state-backed btc trading. stock +200%deutsche bank launches custody. sparkassen reverses 3yr ban. $1.5T aum unlockedsupply shock incoming:* corps bought 160k btc vs 40k mined in q2* spot etf inflows: $4.6b last month* daily btc flows beat gold ($1.17b vs $0.95b)fannie mae + freddie mac now count btc in mortgagesbearish if true ...

The amount of the tariff affects, the size of the tariff affects their duration, and the time it will take are all highly uncertain. So that that is why we think the appropriate thing to do is to hold where we are. As we learn more and we think our policy stance is in a good place where we're well positioned to react to incoming developments, we have to be forward looking.And the thing that every forecaster, every outside forecaster and the Fed is saying is that we expect a meaningful amount of inflation to ...