🐂 “BTC is steady like a crush's feelings, altcoins slightly adjust like weight after summer vacation.”
After soaring thanks to positive remarks from Chairman Powell yesterday, BTC today seems to… run out of gas. It is standing still at the $116K mark, like you trying to appear calm in front of your crush while internally your heart is racing and your legs are shaking.
🪙 Altcoin: Slight adjustment – Like a high school senior after midterm exams.
After a strong rally, altcoins are showing signs of slight adjustment. Investors should be cautious and closely monitor market developments. Don’t rush to sell if you see red, because sometimes the color is just an effect of the light! 😁
📊 ETF Spot session on 22/08
$BTC ETF: Negative cash flow -$23.4 million, mainly due to BlackRock selling off up to -$199 million. This is the sixth consecutive session of BTC in the red.
$ETH ETF: Once again, BlackRock saves the day, bringing in +$109.3 million along with 5 other organizations, totaling over +$337.6 million.
$SOL ETF: REX-Osprey “teases” the market with +$3.8 million.
🏛️ Political news:
Canada: According to Bloomberg, Canada will eliminate the 25% tax on many U.S. goods but will maintain high taxes on cars, steel, and aluminum. This could affect trade relations between the two countries.
United States: President Trump continues to pressure Fed Governor Lisa Cook to resign, demonstrating ambitions to control the Fed. This could impact monetary policy and global financial markets.
💵 The U.S. GENIUS stablecoin law – Shocking the EU, prompting a rush to pivot towards Ethereum or Sonala.
It can be said: “The U.S. plays big, the EU quickly changes strategy – the CBDC race is getting more intense!”
🚀 XRP, SOL, and WLFI: Preparing to break out like chicks about to molt.Funds update S-1 filings for XRP spot ETF – now you can create/redeem funds flexibly using XRP or cash.
VanEck files for Solana staked ETF (JitoSOL) – an investment opportunity in SOL that is staked without having to lock up funds yourself.
Trump's WLFI project officially opens trading on Ethereum from September 1 – wallets that pre-sale will claim the first 20%.
Anyone who loves meme stocks or meme coins will definitely enjoy this news!
💼 SharpLink: $1.5 billion stock buyback – Because the price is too cheap compared to the amount of ETH held.
SharpLink announces a $1.5 billion stock buyback program to take advantage of low share prices. The reason? Because the ETH in their holdings is worth more than the stocks currently trading in the market.
In other words: “Holding ETH is more profitable than holding stocks!”
👉 Conclusion:
Today's market is like black sugar milk tea – sweet but still rich. BTC is a bit tired, altcoins are recovering, while ETFs are waiting for new volatility.Remember to eat well, rest enough, and especially – don’t trade when you’re sleepy!
Wishing you a chill weekend like crypto after a bull run! 🧘♂️💸