Favorable Price Data and Strong Fintech Earnings Lift Digital Asset Sentiment

Back-to-back inflation prints came in at or below expectations, reducing the likelihood that the central bank takes an aggressively hawkish stance at the upcoming Jackson Hole symposium. Meanwhile, a blockchain-enabled financial platform posted standout quarterly results that should help close the valuation gap between its current cyclical-lender multiple and the technology-platform multiple its fundamentals deserve. A regulatory meeting tomorrow could deliver incremental clarity for the digital asset industry.