Was the president misled by Tyler Winkle boss and strategy rejected by the SMP 500?

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

Brian Quinn-Tens released text messages with Tyler Winkleboss on on Wednesday suggesting the Gemini co-founder

had misled President Donald Trump about why he opposed Quintenz's nomination. The CFTC chair

nominee looked set to sail through the Senate confirmation process, but the committee with

jurisdiction repeatedly postponed a vote. He shared a series of screenshots on X, documenting

the exchange between him and Tyler

Winkle boss on Gemini's complaint to the regulator. Quintenz wrote in the post that, quote,

I believe these texts make it clear what they were after from me and what I refuse to promise.

Strategies bid to join the S&P 500 index was projected despite meeting technical eligibility criteria.

J.P. Morgan called this a sign of growing caution towards companies that function as de facto

Bitcoin funds. The Wall Street giant wrote in a report that the index committee's discretionary

decision is a setback not only for strategy, but for the growing number of corporate crypto

treasuries, emulating its strategy of using balance sheets to accumulate Bitcoin.

According to the analysts, strategies inclusion in other major benchmarks from the NASDAQ 100 to

MSCI indices has quietly given Bitcoin a backdoor into retail and institutional portfolios.

However, the S&P 500 decision could mark the limit of that trend

and may prompt other index providers to rethink existing inclusions of Bitcoin heavy companies.

Thank you. I'm going to be able to I'm going to be. I'm going to be able to I'm going to be. The And U.S. inflation for August came in hotter than expected, but the results are likely not enough to derail the Federal Reserve from cutting interest rates next week.

On polymarket, betters now see at 84% chance of a 25 basis point rate cut this month,

while perceived odds of a 50 basis point drop, have searched 14% from 5.4% in a week.

The CME's Fedwatch tool shows traders positioned for a 90.9% chance of a 25 basis point cut and a 9% chance of an even deeper one. The consumer price index rose

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