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๐Ÿ“ˆ Market Momentum Slows

๐ŸŸก Gold remains steady around $4,600.
๐ŸŸก U.S. stocks closed the session in the green.
๐ŸŸก Bitcoin slipped slightly to around $78K.
๐Ÿ–ค Altcoins remain weaker as BTC.D has climbed above 60%.

๐Ÿช™ Capital is increasingly concentrating in Bitcoin, putting noticeable correction pressure on altcoins.

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๐Ÿ”ฅ Brent Oil Falls to $88 on Rumors of a U.S.โ€“Iran Deal

๐ŸŸฃ Brent crude has dropped to around $88.
๐ŸŸฃ Markets are reacting to rumors that the U.S. and Iran have reached an agreement.
๐ŸŸฃ Oil flows through the Strait of Hormuz have increased again, reinforcing hopes that tensions may be easing.

๐Ÿ‡บ๐Ÿ‡ธ-๐Ÿ‡ฎ๐Ÿ‡ท Diplomatic hopes are pushing oil prices lower, but geopolitical risks have not completely disappeared.

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๐Ÿ”ท Bitmine โ€œSwitches Back Onโ€ Aggressive ETH Accumulation

๐Ÿ”ด Over the past week, Bitmine purchased an additional 32,447 ETH (~$81 million), ending a 5-week stretch of relatively modest accumulation.
๐Ÿ–ค It now holds 5.85 million ETH (worth around $14.6 billion), with an average purchase price of $3,355/ETH.
๐Ÿ–ค Bitmine is now only about 200K ETH away from its target of holding 5% of the total ETH supply.
๐Ÿ–ค Tom Lee said ETHโ€™s 30% gain in one week resembles previous โ€œmajor breakoutโ€ periods in May 2025 and July 2021, after which ETH went on to gain more than 160%.


Bitmine is accelerating its ETH accumulation, and Tom Lee believes the recent surge could mark the beginning of another major rally.


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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Trump Slams Canada: โ€œOne of the Hardest Countries to Deal Withโ€

๐Ÿ–ค Trump accused Canada of โ€œtaking advantage ofโ€ the U.S. for decades.
๐Ÿ–ค He said Canada imposes tariffs of up to 400% on U.S. farmers and various other products.
๐Ÿ–ค He also criticized Canada for refusing to certify Gulfstream aircraft for 10 years until he personally intervened.
๐Ÿ–ค The U.S. runs an average trade deficit of around $60 billion per year with Canada.
๐Ÿ–ค Trump described Canada as one of the most difficult and unreasonable countries to work with.

๐Ÿ”ด The U.S.โ€“Canada trade war has yet to cool down, with trade tensions continuing to escalate.

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๐Ÿ”ฅ Trump-Linked USD1 Officially Launches On Canton Network

๐Ÿ™ The USD1 stablecoin (backed by President Trump) has been issued natively on the Canton Network.
๐Ÿ–ค Canton is a blockchain built specifically for major financial institutions on Wall Street.
๐Ÿ–ค Native issuance allows USD1 to support payments and tokenized asset (RWA) transactions for traditional financial institutions.

โœŠ The Trump-linked stablecoin is moving deeper into Wall Streetโ€™s traditional financial infrastructure.

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๐Ÿ”ด U.S. ECONOMIC CALENDAR (UTC) WEEK 04 โ€“ AUGUST 2026 This week, market attention is focused on Core PCE and U.S. Q2 GDP, two key data points that could have a major impact on Fed rate expectations, alongside the U.S. crude oil inventory report. ๐Ÿ“Œ Key eventsโ€ฆ
๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ U.S. July PCE Comes In โ€œHotterโ€ Than Expected ๐Ÿ‡บ๐Ÿ‡ธ
๐Ÿ–ค PCE Y/Y: 3.7% (Forecast = 3.6%, Previous = 3.7%)
๐Ÿ–ค PCE M/M: 0.2% (Forecast = 0.1%, Previous = -0.1%)
๐Ÿ–ค Core PCE Y/Y: 3.3% (Forecast = 3.3%, Previous = 3.3%)
๐Ÿ–ค Core PCE M/M: 0.2% (Forecast = 0.2%, Previous = 0.1%)

โžก๏ธ U.S. PCE inflation in July came in slightly hotter than expected.

๐Ÿ”ด Expectations for the Fed to keep interest rates unchanged in September edged up from 60% โ†’ 64%.
๐Ÿ“ˆ Markets are still waiting for further signals from Jackson Hole and upcoming economic data.

PCE was not โ€œhotโ€ enough to reverse expectations, but it was strong enough to keep the Fed from rushing into easing.

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๐Ÿ“ˆ Slightly Hotter PCE Leaves Markets Pausing

๐ŸŸข The pressure was not significant, but it was enough to keep several major assets moving sideways.
๐Ÿ–ค Bitcoin fell to around $77K before recovering.
๐Ÿ–ค Gold slipped slightly below $4,600.
๐Ÿ–ค U.S. stocks traded sideways before closing slightly in the red.
โšก๏ธ Nvidia was in focus: shares fell 1.6% before the close, then jumped +4% after reporting better-than-expected results.


โ—๏ธ The data was not โ€œhotโ€ enough to reverse the market trend, but it was enough to make investors more cautious.

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๐Ÿ”ฅ Brent Crude Breaks Above $90 as U.S.โ€“Iran Tensions Remain Elevated

๐Ÿ›ข Brent crude briefly climbed above $90.
๐Ÿ‡บ๐Ÿ‡ธ The U.S. continues to focus on pressuring Iran through economic sanctions.
๐Ÿ‡ฎ๐Ÿ‡ท Iran has shown willingness to negotiate, but remains unwilling to make concessions.

As both sides continue to hold firm, oil prices remain supported by geopolitical risk.

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๐Ÿค Iran and Oman Reach Revenue-Sharing Agreement for the Strait of Hormuz

๐ŸŸฃ Iran and Oman have reached an agreement on revenue sharing in the Strait of Hormuz.
๐ŸŸฃ The two sides also discussed territorial waters and a mechanism for managing the shipping route.
๐ŸŸฃ The agreement does not mean the Strait of Hormuz will immediately reopen fully.
๐ŸŸฃ Broader progress still depends on tensions between the U.S. and Iran.


This is a sign of easing tensions, but Hormuz cannot simply be โ€œfully reopenedโ€ because of a revenue-sharing agreement alone.

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๐Ÿ‡บ๐Ÿ‡ธ U.S. Government Just Moved 24.41 BTC From an Alameda-Linked Wallet

๐Ÿ”ด The U.S. transferred 24.41 BTC, worth around $1.9 million.
๐Ÿ–ค The Bitcoin came from a wallet holding seized assets linked to Alameda Research.
๐Ÿ–ค The funds were not sent directly to an exchange, but transferred to another wallet.

โš ๏ธ The move is too small to shake the market, but it will still make traders watch closely to see whether the U.S. is preparing to โ€œsellโ€ or simply reorganizing its holdings.

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Japanese Yen Edges Higher as USD Buyers Turn Cautious Over Hormuz

๐ŸŸข The Japanese Yen strengthened slightly against the U.S. dollar.
๐Ÿ–ค USD buyers are showing caution as more optimistic signals emerge around easing tensions in the Strait of Hormuz.
๐Ÿ–ค Markets are now waiting for Tokyo CPI data and speeches from Jackson Hole.

๐Ÿ’ด The Yen has not strengthened sharply, but the USD also lacks enough confidence to break higher as Hormuz risks begin to ease.

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๐Ÿ‡บ๐Ÿ‡ธ 39 U.S. Banking Associations Launch Nationwide โ€œBankChainโ€

โœ… 39 banking associations representing thousands of U.S. banks have formed the BankChain Alliance.
๐Ÿ‘‰ Goal: Build a nationwide blockchain network owned, designed, and governed by the banking industry itself.
๐Ÿ–ค The network will support payments, tokenized deposits, stablecoins, and automated settlement.
๐Ÿ–ค It is not intended to operate as a closed system and is designed to be interoperable with other networks.
๐Ÿ–ค The project is expected to launch in 2027 and is currently seeking technology partners.


โžก๏ธ Traditional U.S. banks are proactively upgrading to blockchain so they do not get left behind.

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๐Ÿ“ˆ NVIDIA LIFTS WALL STREET, BTC BREAKS ABOVE $80K

๐ŸŸฃ U.S. stocks rose across the board:
๐Ÿ–คDow Jones +0.20%
๐Ÿ–คS&P 500 +0.72%
๐Ÿ–คNasdaq +1.57% โ€“ its best session since August 4.
๐Ÿš€ Nvidia +8.7% after reporting better-than-expected results, with revenue reaching $96.22 billion and next-quarter guidance rising to $108 billion. The results temporarily eased concerns that the AI rally may be โ€œoverheated.โ€
๐ŸŸฃ Bitcoin climbed back above $80K, supported by renewed risk-on flows and improving ETF demand.
๐ŸŸก Gold cooled to around $4,576, pausing below $4.6K as markets await the Fedโ€™s next policy signals.

Risk-on is back, but the Fed remains the biggest variable.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ THE ENTIRE MARKET IS WAITING FOR JACKSON HOLE TONIGHT!

๐Ÿ”ด At 21:00 tonight, Kevin Warsh will deliver his first Jackson Hole speech as Fed Chair.
๐Ÿ“ˆ Looking back at 2025: Powellโ€™s dovish-leaning speech triggered a strong risk-on reaction; Bitcoin rose about 4%, while ETH jumped roughly 14% shortly after the speech.
๐Ÿ“Œ This year is even more notable as the Jackson Hole theme focuses on financial innovation, payments, and tokenization โ€” putting crypto under even greater attention than usual.


21:00 tonight โ€” the Fed could determine the marketโ€™s next major direction.


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๐Ÿ”ฅ TRUMP โ€œBOOSTS THE MOODโ€ AROUND NVIDIA AFTER RECORD QUARTER

๐Ÿ‡บ๐Ÿ‡ธ President Donald Trump has publicly congratulated Jensen Huang and Nvidia on Truth Social following another set of impressive business results.

๐Ÿš€ Nvidia hits new records:
๐Ÿ–คQuarterly revenue reached $96.2 billion, up 106% YoY.
๐Ÿ–คData Center revenue hit $89 billion, up 117% YoY.
๐Ÿ–คNvidia expects FY2028 revenue to grow by around 70%, signaling that AI demand remains extremely strong.


๐Ÿ‘‰ AI is still the main engine driving Wall Street.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ WARSH โ€“ BESSENT โ€œOUT OF SYNCโ€?

Two of the most powerful figures in U.S. economic policy appear to be moving in different directions:
๐ŸŸฃ Kevin Warsh: wants markets to price yields based on economic data, reducing investorsโ€™ constant speculation over what the Fed will do next.
๐ŸŸก Scott Bessent: is taking a more active role in the bond market, increasing long-term Treasury buybacks from $2B to at least $4B per operation in an effort to ease yields.

๐Ÿ–ค Following the move, long-term yields cooled; gold and BTC also received support amid growing demand for scarce assets.

The Fed wants markets to price themselves, while the Treasury wants to push yields lower.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ FED SENDS A โ€œHAWKISHโ€ SIGNAL AHEAD OF THE BIG MOMENT

๐Ÿ™ On the opening day of Jackson Hole, three Fed officials simultaneously warned that inflation remains a concern:
๐Ÿ”ด Beth Hammack: continues to support raising interest rates, arguing that the Fed needs to act soon.
๐Ÿ”ด Jeffrey Schmid: believes the current level of interest rates may not be restrictive enough.
๐Ÿ”ด Austan Goolsbee: warned that inflation could heat up again if energy prices and tariffs continue to add pressure.


๐Ÿ“Œ 21:00 tonight: Fed Chair Kevin Warsh will officially speak at Jackson Hole. Markets will closely watch his views on inflation, interest rates, and long-term bond yields.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ JACKSON HOLE: WARSH OPENS THE DOOR TO RATE HIKES

๐Ÿ”ด Inflation is the No. 1 priority: PCE remains at 3.7%, still well above the 2% target. Warsh wants to see inflation fall clearly and quickly enough before the Fed can feel comfortable.
๐Ÿ”ด The U.S. economy remains strong: growth is stable and the labor market is close to full employment โ†’ the Fed has no reason to rush into easing.
๐Ÿ“Œ Possibility of another rate hike: Warsh stressed that short-term interest rates remain the Fedโ€™s primary tool if price pressures fail to improve.


๐Ÿ“ˆ Markets reacted immediately:
๐Ÿ–คProbability of a September rate hike: ~58%
๐Ÿ–คUSD surged
๐Ÿ–คGold fell more than 3%
๐Ÿ–ค BTC/Crypto: could remain under pressure if the USD and yields continue to rise.

โ€œHigher for longerโ€ is not over โ€” the Fed may even need to raise rates again.

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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ TRUMP SECURES โ€œMEGA DEALโ€ FOR 65 BILLION BARRELS OF VENEZUELAN OIL

๐Ÿ‘จโ€๐Ÿ’ผ Trump announced that the U.S. has reached an agreement to gain majority control over more than 65 billion barrels of oil from Venezuelaโ€™s proven reserves.
๐Ÿ‘‰ Key points of the deal:
๐Ÿ–คDevelopment of 17 strategic oil fields.
๐Ÿ–คThe U.S. would hold roughly 55% of the economic interest in production.
๐Ÿ–คNearly $100 billion in private capital could flow into Venezuelaโ€™s oil industry.
๐Ÿ–คPart of the oil is expected to support the U.S. Strategic Petroleum Reserve (SPR) and domestic demand.

โžก๏ธ Trump expects the new supply to help strengthen energy security and lower U.S. gasoline prices.

๐Ÿ‡บ๐Ÿ‡ธ The U.S. is making a major bet on Venezuelan oil to ease energy pressures.

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๐Ÿ”ฅ UK PAVES THE WAY FOR STABLECOIN GROWTH

๐Ÿ‡ฌ๐Ÿ‡ง The UK government wants to give the Bank of England (BoE) an additional mandate to support innovation in payments and digital money, including stablecoins.
๐Ÿ‘‰ Key points:
๐Ÿ–คThe BoE will be expected to enable new payment models to develop safely.
๐Ÿ–คSystemic stablecoins will fall directly within the new regulatory scope.
๐Ÿ–คThe BoE and FCA are building a regulatory framework that could allow stablecoins to operate at scale in the UK.

๐Ÿšจ However, financial stability remains the No. 1 priority, while innovation is only a secondary objective.

The UK is shifting from โ€œtight controlโ€ to โ€œregulation for growth.โ€

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