๐ Global & Macro: Market-implied odds of a Fed rate hold in October have climbed to 84%, while the probability of a 25bp hike has fallen to 17%, signaling firming expectations that the Fed will stay on pause.
๐ฆ RWA & Institutional: Amazon is reportedly in talks to acquire AI startup Decart, potentially marking another major strategic investment by the tech giant in artificial intelligence. Terms and timeline remain undisclosed.
โก Crypto & Markets: The first known physical supply-chain compromise of a Ledger Stax hardware wallet has been discovered, with unauthorized implanted hardware capable of leaking users’ seed phrases to an attacker.
๐ก Key Takeaway: Macro pricing leans toward a Fed pause, but physical supply-chain attacks on hardware wallets are a stark reminder that self-custody security is now a first-order market risk.