Pretty decent reaction on #Bitcoin.Ultimately, it's still chop until we're getting macroeconomic data (CPI) and the FED meeting.Bitcoin has been going sideways around $100-120K for nearly six months already, and that means that a big volatile move is on the horizon.When?I don't know.Not going to predict when it will occur, but there is a bias and thesis to be created out of the FOMC meetings, rate cuts, adjusted monetary policy and better business cycle.That's literally starting up later this quarter, and f ...

Group 1 - Madison Small Cap Fund's second-quarter 2025 performance was impacted by the liberation day tariffs, which initially caused a decline in equities and treasuries, followed by a rebound due to a pause in tariff implementation and positive macroeconomic data [1] - The Russell 2000 Index increased by 8.5% for the quarter and is down only 1.79% year-to-date, while the Madison Small Cap Fund (class Y) returned 4.42% in the quarter, underperforming compared to the Russell 2000 and Russell 2500 [1] - The fund highlighted Cogent Communications Holdings, Inc. (NASDAQ:CCOI) as a key stock, which has seen a one-month return of 0.35% but a significant decline of 48.00% over the last 52 weeks, with a market capitalization of $1.852 billion as of September 17, 2025 [2] Group 2 - The underperformance of Madison Small Cap Fund was attributed to stock selection in Information Technology and Consumer Staples, with Cogent Communications Holdings, Inc. being the worst-performing IT stock [3] - Cogent Communications, which carries nearly 25% of the world's internet traffic, recently launched Wavelength Services aimed at providing high-capacity, low-latency networking connections, but the company slightly missed growth expectations for this service, leading to a sharp decline in stock price [3] - The company has been viewed as experiencing early growing pains with its new service, and the fund has taken this opportunity to increase its investment in CCOI, believing the market reaction to be an overreaction [3]

Macroeconomic Analysis - Macroeconomic data suggests a clear path for central banks, with CPI & PPI showing no significant change [1] - Annual revision of job data reveals a drop of 911,000 jobs, the largest in history [1] - The fund suggests that monetary expansion and rate cuts are likely as the FED aims to stimulate the economy and prevent a recession [1] Investment Strategy - The fund indicates that this environment is typically favorable for risk-on assets [2] - The fund continues to seek opportunities in the markets through ETH and Altcoins [2]

Blockchain Integration - U S Department of Commerce is bringing key macroeconomic data onchain, powered by Chainlink [1] - The U S Commerce Department is publishing GDP data to a blockchain [1] Data Availability - Access to the largest suite of onchain government data, including Real GDP, PCE Price Index, and Real Final Sales [1] - All kinds of economic measures, scrubbed for anonymity, should be published [1]

Partnerships - Chainlink 与美国商务部合作，将美国政府宏观经济数据上链 [1] - Chainlink Data Feeds 安全地传递关键信息 [1]

Collaboration Overview - Chainlink collaborates with the U S Department of Commerce (DOC) to bring macroeconomic data onchain [1] - The collaboration aims to deliver critical economic information from the Bureau of Economic Analysis (BEA) securely into blockchain networks [1] - This partnership highlights the growing role of blockchain in government operations and policy, showcasing how public data can be integrated into decentralized ecosystems [4] Data Availability - Six categories of U S macroeconomic data are now available onchain, including raw values and quarter-over-quarter percentage changes [2] - Data updates are provided monthly or quarterly, depending on the dataset [2] - Initially, the feeds are accessible across ten blockchain ecosystems, including Ethereum, Arbitrum, Avalanche, Base, Optimism, Linea, ZKsync, Mantle, Botanix, and Sonic [2] Technical Infrastructure - Chainlink Data Feeds serve as the backbone of this integration, offering enterprise-grade security [3] - Chainlink's oracle infrastructure has been recognized as critical for powering tokenized assets, stablecoins, and the broader onchain economy [4] Regulatory Engagement - The collaboration is part of a broader effort by Chainlink to engage with U S regulators and policymakers [3]

Collaboration - Chainlink and the U.S Department of Commerce collaborated to bring U.S government macroeconomic data onchain [1] Data Delivery - Chainlink Data Feeds securely deliver critical information [1]

Collaboration & Data Integration - Chainlink 与美国商务部合作，将美国政府的宏观经济数据引入区块链[1] - 此举旨在将美国经济分析局的关键经济信息安全地引入区块链网络，供公众和机构使用[1] Technology & Innovation - 美国商务部与 Chainlink 合作，推出了美国政府的“链上宏观经济数据”[1]

Collaboration Overview - Chainlink collaborates with the U S Department of Commerce to bring macroeconomic data onchain [1][5] - This collaboration aims to integrate public data into decentralized ecosystems, supporting innovation, compliance, and financial transparency in the U S economy [4] Data Availability - Six categories of U S macroeconomic data, including Real GDP and PCE Price Index, are available onchain [1][2] - Data includes both raw values and quarter-over-quarter percentage changes, updated monthly or quarterly [2] - The data is initially accessible across ten blockchain ecosystems, with plans for expansion [2] Technology and Security - Chainlink Data Feeds power this integration, offering enterprise-grade security [3] - Chainlink's oracle infrastructure is recognized as critical for powering tokenized assets and stablecoins [4] Regulatory Engagement - The collaboration is part of Chainlink's broader effort to engage with U S regulators and policymakers [3]

Industry Adoption & Partnerships - Chainlink is being utilized by the U S Commerce Dept & BEA to provide macroeconomic data on-chain [1] - The macroeconomic data includes GDP, PCE, and Real Final Sales [1]