Join Matt and Nick as they break down August’s market performance, stablecoin supply hitting all-time highs, and the market outlook for September. They also discuss certain altcoins updates including outages for the TON blockchain and MakerDAO’s rebrand.
Key Takeaways
- August was a rough month for crypto—led by BTC (-8.7%), ETH (-22.3%) and SOL (-21.1%)—while major U.S. stock indices managed to record their fourth straight monthly gain.
- Seasonality indicates that it will be more of the same in September, given it has historically been one of BTC’s worst months.
- Stablecoin supply hit all-time highs, indicating increased demand to use blockchains.
- Among the altcoin updates covered: TON struggles with network performance and MakerDAO rebrands to Sky.
Important upcoming macro dates:
- Sep. 10: First debate between Kamala Harris and Donald Trump
- Sep. 11: U.S. CPI data
- Sep. 18: U.S. interest-rate decision and Fed Chair Powell’s press conference
Next FOMC meeting and rate probability as per CME FedWatch Tool:
- In 14 days, there is a 59% confidence rate that interest rates WILL fall by 25 basis points to a target range of 5.00–5.25%.
Truflation snapshot:
- Today’s U.S. Truflation: 1.22%
- Latest annual CPI data: 2.9%
00:00 Intro
00:35 Crypto Market Overview
02:18 SEC Targets OpenSea
06:55 Stablecoin Supply Reaches All-Time Highs
08:45 Binance’s Palestine Fund Freeze
10:18 BTC ETF Decline, ETH ETF Outflows
13:34 El Salvador’s BTC Adoption Lags Behind Expectations
15:20 TON Downtime
19:35 Controversy Erupts Over Ethereum Foundation Treasury
22:23 Tron’s Memecoin Deployer Overtakes Solana’s Pump.fun
24:09 MakerDAO Rebrands to SKY
29:00 Upcoming Events & Alluvium Launch