EU officials are fast-tracking digital euro plans after the U.S. passed its landmark stablecoin law, fearing Europe could lose ground in digital currency competitiveness. Talks now include whether to build it on a public rather than private blockchain. - archive.is
🏷️ $ETH, $SOL, Euro
🕵️ @w00tcake

Ethena approves BNB as the first perp-collateral backing asset for USDe under its new Eligible Asset Framework, XRP and HYPE next in line. — Link

Ethereum microstrategy firm SharpLink announced that its board has approved a stock repurchase program of up to $1.5 billion in common shares. The company stated that buybacks will be more value-accretive when the share price trades below the net asset value (NAV) of its ETH holdings. SER data shows that SharpLink holds a total of 740.8k ETH, with a current NAV of 1.06; meanwhile, Bitmine’s NAV is also as low as 1.17. — link

Jackson Hole

POWELL: REMOVED EFFECTIVE LOWER BOUND LANGUAGE FROM FRAMEWORK

POWELL: SITUATION SUGGESTS DOWNSIDE RISKS TO EMPLOYMENT RISING

POWELL: SHIFTING BALANCE OF RISKS MAY WARRANT ADJUSTING POLICY

POWELL: WE CAN'T TAKE STABLE INFLATION EXPECTATIONS FOR GRANTED

POWELL: TARIFF EFFECTS ON CONSUMER PRICES NOW CLEARLY VISIBLE

POWELL: CANNOT ALLOW ONE-TIME INCREASE IN PRICE LEVEL TO BE ONGOING INFLATION PROBLEM

TRADERS HAVE INCREASED THEIR BETS ON A FEDERAL RESERVE RATE CUT IN SEPTEMBER.

SUMMARY OF FED CHAIR POWELL'S SPEECH (8/22/25):

1. Shifting balance of risks "may warrant adjusting policy"

2. Suggests downside risks to employment are rising

3. Labor supply has softened in-line with demand

4. Fed abandoning flexible average inflation targeting framework

5. Can't take stable inflation expectations "for granted"

The Fed is preparing for a September rate cut.
(@TheKobeissiLetter)

BREAKING: Fed Chair Powell says the "shifting balance of risks may warrant adjusting our policy stance."

It appears Fed Chair Powell is setting the stage for a September rate cut.
(@TheKobeissiLetter)