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Weekly Bitcoin Summary

🇺🇸Fed Chair Jerome Powell hinted at interest rate cuts
🇵🇭The Philippines proposed to create a strategic reserve of 10,000 BTC 🚀
🇧🇷Brazil held its first hearings on the creation of a Bitcoin reserve worth $19 billion
🇭🇰Ming Shing plans to buy Bitcoin for $500 million
🇸🇬Volkswagen Singapore starts accepting payments in BTC and other cryptocurrencies
⚡️SoFi implements Bitcoin Lightning for transfers
🇳🇱Amdax launches a company to manage Bitcoin reserves

😏 But all attention this week, of course, goes to Ethereum.

🤑After Jerome Powell's speech in Jackson Hole, the probability of an FOMC rate cut in September rose to 91.5%.
The day before, the market assessed the chances at only 75%.

⚡️Federal Reserve Chair Jerome Powell suggests that current conditions 'may justify' a decrease in interest rates.

🔼Market reaction: BTC +2.7%,
ETH surged by +8.88%.

Harvard economist Kenneth Rogoff stated in 2018 that Bitcoin is more likely to drop to $100 than rise to $100,000.

😛His forecast did not come true, however, Rogoff himself admits that he underestimated several factors:

🇺🇸The United States has not developed strict regulations for cryptocurrencies, which allowed them to continue being used for tax evasion and illegal activities.

💸Bitcoin has carved out a niche in the multi-trillion-dollar shadow economy, where demand creates a minimum price.

💰Regulators and politicians themselves have begun holding significant amounts in cryptocurrency, creating a conflict of interest and reducing the likelihood of strict measures.

Bitcoin Shortest Correction

It is worth noting: the current drop is only -9%, and this is the shortest correction in the entire upward movement.

For comparison, previously the market experienced declines of -20%,
-22%, -32% and -33%.

🐂This indicates that the bulls are still in control of the situation.

🤔The main question is whether this pullback will be the last before a new upward impulse or will the market spill over harder?

🇺🇸🇪🇺Outcomes of the Meeting Between Trump and European Leaders

Yesterday in Washington, Donald Trump met with EU leaders and Volodymyr Zelensky. The main topics were security guarantees for Ukraine, possible negotiations with Russia, and the future of European support for Kyiv. Key takeaways:

🪙 BlackRock Continues to Accumulate Bitcoin

Since the launch of IBIT on January 11, 2024, the fund has shown growth rates that have exceeded market expectations.

🟢As of June 10, 2025, the company manages over 662,500 BTC — this is more than 3% of the total Bitcoin supply. At current prices, the exposure volume is estimated at $72.4 billion.

🏆Such dominance makes BlackRock the largest player among all ETFs and strengthens its influence on the cryptocurrency market.

#CryptoIntegration 🇺🇸🤝🇨🇳Xi Promised Not to Invade Taiwan While I Am in Power

Donald Trump stated that Xi Jinping allegedly assured him that China would not initiate a military invasion of Taiwan while Trump is in the White House.
Trump's words:

"I don't think that can happen while I'm here... He told me, 'I will never do that while you are president.' I said, 'Thank you,' but he added, 'But I am very patient, and China is very patient.'

🐲Representatives of the Chinese embassy in Washington emphasized that Taiwan is the 'most important and sensitive' issue in U.S.-China relations, urging the U.S. to adhere to the 'One China' principle and act cautiously.

⚡️Trump's Son Says: Buy the Dip in BTC and ETH

Eric Trump posted again on X: "Buy the dips." This statement came against the backdrop of BTC dropping to $117,000 and ETH falling to the $4,400 range. Interestingly, there is currently a local market turnaround, but the question is how long it will last.

🔹Yesterday, BitMine purchased ETH for another $470 million, increasing its assets to 1.3 million ETH. They now own 1% of the total circulating supply.

💵The US dollar has lost nearly 10% of its value this year. A great catalyst for the price of Bitcoin.

🗣Blackrock CEO Larry Fink and Andre Hoffmann have been appointed as interim chairs of the World Economic Forum.

🔼Results of 2025 under Trump's Presidency

Dow Jones: +5.7%
S&P 500: +9.7%
Nasdaq: +12%
Russell 2000: +2.5%
Bitcoin: +25.3%

🟠Traditional indices show steady growth, but the main leader in dynamics is the cryptocurrency market. Bitcoin outperforms stock markets in returns.

📣Results of the Talks in Alaska

The negotiations lasted two and a half hours, but neither details of the discussions nor specific decisions were announced by the leaders.

🔴Both presidents generously praised each other but avoided answering journalists' questions.

🔴Trump acknowledged that "no progress was made in reaching an agreement."

🔴Ukrainian President Volodymyr Zelensky was not invited to the summit; however, he previously stated in a video address that he expects a "strong position from the USA" in dialogue with Russia.

🔴According to Trump, he intends to personally call Zelensky and inform him about the meeting.

🗣Putin drove the Democrats into a frenzy, stating:
"When President Trump says that if he had been president then, there would have been no war... that's true. I can confirm that."

#BullishIPO
🔽The reaction of the crypto market to the results of the negotiations is negative. BTC fell to $117k, ETH below $4500. Liquidations exceeded $400 million.

👋Today Trump bought 1911 ETH for $8.6 million, as well as WBTC for $10 million. Even the President of the United States is buying the dip.

↗️The trading volume of Bitcoin and Ethereum ETFs reached $40 billion, which is a record figure for the week, reports Bloomberg.

#CreatorPad 🔥The meeting between Donald Trump and Vladimir Putin has started in Alaska and negotiations have begun.

They shook hands before the start of the most important negotiations.

🪙The issuer Tether has issued
1 billion USDT on the Ethereum Network

This is a fresh supply of liquidity that can be injected into the market. Historically, such issuances have often preceded growth.

📊But the effect depends on how quickly the new tokens start being used for purchases.

🪙Bitcoin Breaks ATH

Today BTC reached a new high of $124,474 exactly one month after the level of $123,000 was marked on July 14. A key factor in the continuation of BTC's upward trend was the CPI report on August 12, which showed a slowdown in inflation growth.

🐂Also contributing to the rise is the influx of capital into ETFs: on August 13, about $86.9 million was invested in Bitcoin ETF and $729.1 million in Ethereum ETF. Meanwhile, ETH is just 3% short of breaking a new ATH.

😃Ethereum by the End of the Year $7500

Standard Chartered has raised its price forecast for Ethereum in 2025 to $7,500 from the previous $4,000. The reason cited is the increase in institutional purchases and the acceleration of stablecoin adoption following changes in U.S. legislation.

The bank noted that much has changed since the previous forecast in March.

🔷 Among the key factors is the active participation in the development of the ecosystem by the Ethereum Foundation and Etherialize.

💰Trump's Import Tariffs Bring Profit for the USA

In July, tariffs brought the USA a record $27.7 billion — according to the Treasury Department, this is more than three times higher than last year's level ($8 billion). The total amount for the current fiscal year has already reached $135.7 billion.

📈Customs duty revenues confirm: Trump's tariff policy is yielding tangible financial results.

#ETHRally 📊ETF Report: On August 12, only $65 million flowed into the Bitcoin ETF. Meanwhile, the Ethereum ETF recorded a capital inflow of $523 million, signaling sustained interest from institutional investors.

💎Pavel Durov wrote:
The company Verb, registered on the NASDAQ exchange and choosing TON as its main asset, successfully raised $558 million for the immediate purchase and accumulation of TON. In the meantime, Coinbase Ventures has also started accumulating TON. Exciting times lie ahead!

🤑Ethereum Surpasses Netflix

After ETH broke the $4655 level, its market capitalization exceeded $563 billion, allowing it to surpass Netflix and take 22nd place in the ranking of the highest capitalized assets.

#DeFiGetsGraded 🇺🇸Inflation in the USA

Just released data on the CPI for July, which was 2.7%.

📊The inflation rate was lower than the forecast of 2.8%.

🕯The market's reaction to the inflation report is restrained and neutral, but the fact that the CPI remained at 2.7% is a positive signal.