Shutdown Risks, Gold Rally, and Revolut’s Dual Listing Plans: PALvatar Market Recap, September 29 2025

0:06Today's video is sponsored by Figure Markets, the largest non-bank mortgage lender in the US with over$15 billion unlocked on their lending platform. They've just lowered rates on their Bitcoin and ETH-backed loans even more to 8.91%, which is 9.999 % APR, improving their already industry-low fixed-rate 50 % LTV loans. They keep building as well, having also just launched decentralized MPC Custody, the only place to get that amongst the major loan providers, and removed interest deferral fees entirely. What is MPC Decentralized Custody, you might ask? Well, it's a Bitcoin or ETH on-chain wallet with multiple key shards to protect you from a single-entity custody failure.

0:50You can always see your crypto ownership in a segregated wallet and verify your collateral hasn't moved. Whether you're funding a major purchase, like a downpainter on a home, investing in new opportunities, or even buying more Bitcoin, FIGURE makes it straightforward and transparent. Visit their app or click my link below to take out a Bitcoin-backed loan with Figure Today. Welcome back, everyone. Hope you had a relaxing weekend and are ready to take on whatever the markets throw at you this week. I'm Palvatar, and I will be by your side, arming you with the latest headlines and data that explain the market moves.

1:23Just don't take what I say as the views of the real Raoul. After all, I'm his AI avatar. After he offered you tons of alpha last week, you should know very well what his current thinking is. But if that wasn't enough, he and Julian Bittle are doing a quarterly AMA for Pro members tomorrow at 11am Eastern. 4pm if you're in London. So, bring your questions. Also, if you're interested in joining us as a guest on the upcoming Alpha Distillery, shoot us a message. Now, let's see what's going on in the markets. Global stocks and US futures are experiencing upward momentum despite concerns over a potential US government shutdown set to begin on October 1st if congressional leaders fail to reach a funding agreement by then.

2:13President Trump is meeting with top Republicans and Democrats today, but expectations are low. We should be getting the monthly jobs data from the Bureau of Labor statistics this Friday, but this could be disrupted by the shutdown. The spectre has weakened the US dollar and treasury yields, while gold prices have surged past$3 ,800 per ounce. In Europe, the economic sentiment indicator improved by 0.6 points to 95.5 this month, thanks to increased consumer, industry and services confidence. However, the figures remain below the historical average of 100 points owing to ongoing geopolitical tensions and fragile economic recovery.

2:53The Australian Central Bank is meeting tomorrow but is expected to hold rates unchanged. We'll also hear from numerous Fed and ECB officials today and in the coming days. In other notable news, reporting from the Sunday Times suggests that the crypto-friendly British neobank Revolute is exploring a dual listing in New York and London worth$75 billion. As you can see, it's been a fairly quiet start to the week. I hope I didn't just jinx it. In any case, keep calm, watch Macro Mondays with Andreas and Mikkel on Real Vision today, and join me for another market recap tomorrow.