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🚀 Crypto & Macro Market Digest - August 2024 🚀
🔥 Top 5 Headlines
1️⃣ Trump Media’s Bitcoin Bet: Reports $2B BTC treasury amid first profitable quarter
2️⃣ Metaplanet’s BTC Spree: Adds 463 BTC ($53.7M), now holds 17,595 BTC
3️⃣ TradFi’s Blockchain Push: Citi, JPMorgan, Goldman lead $100M+ in 345 deals (2020-2024)
4️⃣ Fed Rate Cut Signal: Goldman predicts three consecutive cuts starting September
5️⃣ White House Crackdown: EO coming to penalize banks discriminating against crypto firms
💼 Institutional Moves
Bitmine’s ETH Dominance: Now holds 833K ETH ($2.9B)
Verb Tech’s $TON Play: Raising $558M for first listed TON strategy firm
Chainlink’s RWA Push: Launches real-time US equity/ETF data for 37 blockchains
⚖️ Regulation & Policy
✅ CFTC “Crypto Sprint”: Implements Trump admin’s crypto recommendations
✅ Cardano Treasury Vote: 73.93% approve $71M for core development
⚠️ ECB’s Digital Euro: Will complement cash, not replace it
💡 Why This Matters
1️⃣ Corporate BTC Accumulation: Trump Media + Metaplanet = ongoing supply squeeze
2️⃣ TradFi Adoption: Major banks doubling down on blockchain
3️⃣ Regulatory Shift: CFTC/SEC collaboration + anti-debanking push
📌 Key Trends to Watch:
$ENA Unlock: $101.87M tokens hitting markets this week
Fed Rate Cuts: Potential crypto liquidity boost
RWA Growth: Chainlink’s data feeds for tokenized assets
💬 Your Take:
Bullish on Trump Media’s BTC bet, Fed cuts, or TradFi’s blockchain deals?
🔔 Next Big Catalyst: White House EO on debanking