Hey, blockchain folks! Check out the latest news from our ecosystem and the financial market, straight from August 21. The vibe is somewhat "waiting for the next move", but the news keeps coming!

Traditional Markets: Five Days of Decline and Anxiety Over Powell 📉

It seems global markets decided to take a break... downward. It's been five consecutive days of declines, and the blame is on those holding their breath. Why? All eyes are on Jerome Powell from the Fed, who will speak tomorrow at the Jackson Hole symposium. The expectation is huge, and people are more anxious than a rookie in a bull run.

Despite the turbulence, there are some glimmers of hope: the Eurozone PMI came in better than expected, but it didn’t make much difference in the market. Meanwhile, the US PMI rose to 55.4, which is a sign that the economy there is expanding. Here's a tip for those who also follow the traditional market.

News that Impact (or not) Brazil and Crypto 🇧🇷

In Brazil, the political news is heating up! The Federal Police indicted Jair and Eduardo Bolsonaro for coercion and obstruction of justice, and Pastor Silas Malafaia was also targeted by a Federal Police operation. Meanwhile, Banco do Brasil blocked the credit card of Minister Moraes. Yeah, Brazilian politics never stops.

But what matters to us is the news coming from the Chamber of Deputies: the first hearing on PL 4501/24 took place! This project proposes to create a strategic reserve of Bitcoin of up to US$ 19 billion! Imagine the impact of this on the market? It's spine-chilling!

Speaking of impact, Bitcoin and Ethereum ETFs felt the hit:

  • 🤩 Outflows of US$ 315 million in BTC ETFs

  • 🤩 Outflows of US$ 240 million in ETH ETFs

This may be a sign that people are waiting for Powell's speeches before making the next move. Bitcoin's dominance is at 59%, and the "Fear and Greed Index" is at 50. In other words, people are neither afraid nor very greedy. It's pure indecision!

Hot Quotes for You to Stay Tuned! 💹

Check out the prices to see how our assets are performing:

  • 💰 Bitcoin: US$ 112,780.41

  • 🪙 Ethereum: US$ 4,259.02

  • 💵 Dollar: R$ 5.49

  • 💶 Euro: R$ 6.37

  • 💷 Pound: R$ 7.36