this is extremely sad

your default state is to lose

The 2nd part of Powell's speech talked about a change in Fed policy framework.

The removal of the “average inflation targeting” strategy and the “shortfalls” language suggests a reduced emphasis on aggressively countering inflation overshoots and a more lenient stance on employment levels above maximum estimates, as long as price stability isn’t jeopardized. This flexibility might signal a willingness to tolerate higher inflation or support employment longer before tightening policy, aligning with a dovish tilt. However, the commitment to the 2% inflation target and anchoring expectations indicates that the Fed remains vigilant, tempering the dovish perception with a balanced approach.

I'm not a fan of sol being bid up and outperfoming eth this early right after eth rejects ath. would need eth to start outperforming sol again within the next few days or i would consider a full retrace a viable path on the market.

I dont think this is a high probability, but its worth keeping an eye on eth/sol ratio.

on a long enough timeframe, everything should bleed against btc

i don’t quite buy the prediction of ethbtc expanding back above 0.09 because some are using a full reversion as a bull case for eth

it should be an eventual downtrend on htf

$BTC

Bearish confirmations still needed, but if Bitcoin breaks under $108k, chances are the local top is in and we'll get a strong first leg down towards the $60k-70k main support. That would mean 50%-80% capitulation event for altcoins.

Binance EN: Binance Futures Will Launch USDⓈ-Margined WLFIUSDT Perpetual Contract Pre-Market Trading (2025-08-23)

币安重要公告: Binance Futures将上线USDⓈ保证金WLFIUSDT永续合约盘前交易（2025年8月23日）

————————————
2025-08-23 16:15:37
source: https://cache.bwe-ws.com/bn-39

$WLFI at $40bn FDV in pre-market on Binance lmao

It will trade much lower in one year

But they will absolutely PvP the shorts after TGE, the float will be very low

(Illustrated risk : TRUMP was looking like a decent short when it was stalling around $30bn...)

By community request, Hyperliquid has listed WLFI-USD hyperps. You can now long or short the unlaunched $WLFI token with up to 3x leverage.

As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price.

Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: WLFI-USD will convert to a vanilla perp upon CEX spot listing. See Docs for more.

WLFI-USD is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism. NFA.

https://app.hyperliquid.xyz/trade/WLFI

The claim that “Aave will receive 7% of the total WLFI token supply” is not true. Previously, some community members stated that, according to a past proposal, AaveDAO would receive 20% of the protocol fees generated by the WLFI Aave v3 instance, along with about 7% of the total WLFI token supply. However, WuBlockchain has verified with the WLFI team that this is not the case.

Too much misinformation about Powell's speech going around, so here's the short summary: INFINITYHEDGE

*Powell left the door open for Sept. Rate Cut but signaled it won't be the start of aggressive easing.

*On the labor market, Powell said ”the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of & demand for workers. This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs.

*On inflation, Powell said: The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months, with high uncertainty about timing & amounts... A reasonable base case is that the effects will be a one-time shift in the price level. Ofc, “one-time” does not mean “all at once.” It will continue to take time for tariff increases to work their way through supply chains...& Ofc we cannot take the stability of inflation expectations for granted. Come what may, we will not allow a one-time increase in the price level to become an ongoing inflation problem.

*In Conclusion, Powell said: In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside—a challenging situation... Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate & other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.

<Policy Framework Change>: (we covered it already here: https://news.1rj.ru/str/infinityhedge/26042 before Powell's Speech but still misinformation spreading, & please don't blindly trust twitter influencers)

Powell said the Fed has adopted a new framework, Key Changes:
↳ removed ELB
↳ dropped the policy of intentionally allowing inflation to run moderately above 2% to compensate for past periods when it was below 2%.
↳ removed "shortfalls" term that focused only on unemployment being too high. {While Powell said they still believe employment can run above estimates without necessarily creating risks to price stability}. (this was kindof a communication fix)
↳ The revised policy framework now more closely aligns with the original 2012 (balanced approach).

In short: The Fed moved away from 2020 framework back toward 2012 framework and Now is less tolerant of sustained inflation above 2%. (These changes likely won’t affect near-term policy decisions).

Opinion: <@infinityhedge>
↳ By returning to a focus on price stability and a 2% inflation target, this implies that all concerned should prepare for higher rates for longer despite a rising probability of near-term rate cuts: RSM

*Deutsche, Barclays, BNP, GS, JPM, Nomura expects a Fed Rate Cut in September.

Tldr: Powell was cautiously dovish with hawkish undertone but was essentially neutral And rate decision will depend on the August employment and CPI reports.