U.S. Rate Cuts; Busy September Awaits & Altcoin Updates

ARB Article Audio BTC +10 more

Join Matt and Nick as they cover the Federal Reserve’s plan to cut rates, the arrest of Telegram’s co-founder and what it means for TON, Marathon becoming a new buyer of Bitcoin (BTC), and more.

Key Takeaways

  • Crypto rallied after the U.S. central bank all but confirmed it’d cut rates in September. It remains unclear whether the cuts will be 25 basis points or 50 basis points.
  • Telegram’s co-founder and CEO, Pavel Durov, was reportedly arrested by French authorities, crashing the price of TON. While Telegram has not been involved in TON for a few years, the market still treats TON as if it is Telegram’s cryptocurrency. This is unlikely to change any time soon. Therefore, events related to Durov may affect price in the short term.
  • September will feature a number of key events, including the first presidential debate between Trump and Harris (Sep. 10) and the Fed’s rate cut (Sep. 18).
  • Among the altcoin updates covered: Solana ETF application setback and ARB staking vote goes live.

Important upcoming macro dates:

  • Aug. 28: Atlanta Fed President Raphael Bostic speech

Next FOMC meeting and rate probability as per CME FedWatch Tool:

  • In 21 days, there is a 66% 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: 1.47%
  • Latest annual CPI data: 2.9%

00:00 Intro
00:55 Fed Rate Cuts, Bitcoin’s Recent Surge, Solana’s Gains
04:32 Democratic Party’s Attitude Towards Cryptocurrency
07:18 Coinbase cbBTC Token
10:12 Marathon Digital’s Bitcoin Purchase
11:35 MetaMask to Debut Debit Card
12:23 Apple Opens NFC to Third-Party Developers
13:30 End in Sight for Mt. Gox Distributions
16:30 Sony’s Ethereum L2 Blockchain
18:22 Telegram Founder’s Arrest & TON
23:45 Solana ETF Rejection
26:13 Arbitrum’s Token Staking Proposal
30:30 Malaysia’s Adoption of WorldCoin for Digital ID
32:00 Babylon Finance’s Bitcoin Staking Service
35:15 Upcoming Events: BTC Cut from USDD Collateral, Trump-Harris Debate, Solana Breakpoint, etc.
41:38 Underappreciated News