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)

MARKETS SEE FED CUT IN SEPTEMBER AS POWELL FLAGS RISING RISKS

Powell signaled that the balance of risks is shifting, with downside pressures on employment becoming more evident and tariff-driven price effects feeding into inflation. While stressing that stable inflation expectations cannot be taken for granted, Powell’s comments reinforced bets on a rate cut.

Kalshi data now shows 81% odds of a 25bps cut in September, versus just 11% for no move and 4% for a larger cut.
https://t.co/MTBwgpNhQU
(@WalterBloomberg)

thank you jackson hole

more profits to rotate into spot bags

ct will be talking in hindsight once again, a waste of time

that being said, time is running out

i'm not as optimistic as most in the 3-6 months left thesis

i would say 1-2 at best from now

or at least thats what im gonna play by

will not time it so much, just more of progressive selling

it has been a rewarding and great ~2 years

i will not push my luck too far

BREAKING: The S&P 500 extends its rally on rate cut expectations to +1.4% and is now less than 50 points away from crossing 6,500 for the first time in history. https://t.co/z0cHHYB92J
(@TheKobeissiLetter)