🚨Chamath SPAC filed. It will invest in Defi, AI, energy, warfare. [We're officially back in 2021, BTFD!]

Bernstein analysts: We expect a long, exhausting crypto bull market, continuing the surge into 2026 and potentially peaking in 2027. [BTFD!]

Apollo Sløk: The situation today is surprisingly similar to the IT bubble in the 1990s. [We're nowhere close the end of this bull, BTFD!]

🚨SharpLink has bought 143,593 $ETH for $667.42M over the past week. They now hold 740,760 ETH, currently worth $3Bn. [Alt season has just begun and is going to last for longer than you think, BTFD!]

🚨 SPAC Queen Betsy Cohen filed an S-1 for a $220M SPAC called BTC Development Corp that will focus on companies that provide opportunities for attractive risk-adjusted returns in the bitcoin ecosystem. [We're so back, BTFD!]

🚨One month later, the divergence between 1Y inflation swaps (3.31%) and CPI (2.7%) remains. [The inflation hedge trade isn't going away any time soon, BTFD!]

🚨Stocks are confirming a local top and rotation into crypto is about to get more forceful. Many alts are already starting to lead against BTC as liquidity moves down the risk curve. BTFD!

🚨Since Liberation Day, Momentum has outperformed Value. The gap is closing in August, which confirms that hot liquidity is leaving equities. [Risk-on capital is rotating into crypto, buy the crypto dip before it's too late!]

🚨Trump calls for Dem appointed Fed Governor Lisa Cook to resign after Pulte officially refers her for mortgage fraud. [Bullish crypto, BTFD!]

🚨Stock buybacks have reached record $1T milestone this year [More Digital Asset Treasury Companies (DATCO) incoming, BTFD!]

🚨Fed minutes: a majority of participants judged the upside risk to inflation as the greater of these two risks, while several participants viewed the two risks as roughly balanced, and a couple of participants considered downside risk to employment the more salient risk.

These Fed minutes were a couple of days before the huge deterioration in the labor market report and major revisions downward for the prior two months.

[Whatever you do, DO NOT capitulate into bull market dips. BTFD!]

🚨Wealthy Asian family offices are increasing crypto exposure, citing diversification benefits and favourable regulation after the US GENIUS Act.

*Last year, they started to dip their feet into bitcoin ETFs… now they have begun to learn the difference of holding a token directly -Zann Kwan of Revo Digital Family Office

*Investors are increasingly treating bitcoin as a "portfolio diversifier" to hedge macro uncertainties -Giselle Lai of Fidelity international

*Many second- and third-generation individuals of family offices are starting to learn about and participate in virtual currencies -Zu Jie of UBS China

Bitcoin/Ethereum Spot ETF Flows: 21 August 2025

🔴 Bitcoin ETFs: $194.4M net outflows

🟢 Ethereum ETFs: $287.6M net inflows

[Let the rotation into altcoins continue, BTFD!]

The direct correlation between repo spreads (which increase as real interest rates decrease) and stablecoin inflows. Stablecoins have seen over $100bn in inflows since Trump took office. Institutions have been in risk on since then.

🚨Goldman Sachs: We do not expect Powell to decisively signal a September cut, but the speech should make it clear to markets that he is likely to support one.

We expect Powell to modify his statement from the July FOMC press conference that the FOMC is "well positioned" to wait for more information. Instead, he might note that the FOMC is well positioned to address risks to both sides of its mandate but emphasize that downside risks to the labor market have grown following the July employment report, while reiterating that tariffs are likely to have only a one-time effect on the price level.

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Momentum in the US labor market is significantly slower this year compared to the momentum seen at last year's Jackson Hole Economic Symposium [6 red days right into JH, I wonder what happens next. BTFD!]