Summary of the speech by the Chairman of the Federal Reserve of the United States (Fed)
Summary of the speech by the Chairman of the Federal Reserve of the United States (Fed), Jerome Powell, at the annual Jackson Hole Conference. Below are the key points drawn from the speech. 🟢 Chairman Powell's views on the Economy Fed Chairman Jerome Powell emphasized that the Fed's two main tasks are to maintain low inflation and a stable unemployment rate. He stated that the current risks have changed. Instead of just focusing on controlling inflation, the Fed is now also concerned about the risk of economic recession leading to high unemployment.
Time periods of high market volatility that you may not know
• 3 AM (VN time) ~ 4 PM New York time (EST): At the end of the US session, many large organizations close their daily positions. • 7 AM on Monday: Opening of the global financial market, reacting to weekend news. • 7 AM on the first day of the month: Investment funds inject new capital, restructure portfolios, reacting to macro data. • 7 AM on New Year's Day: Investment funds begin a new capital allocation cycle, deciding on new year strategies.
The U.S. launches a major campaign targeting the Russian crypto exchange – What’s happening?
The U.S. has launched a campaign targeting the Russian crypto exchange Garantex over allegations that the exchange facilitates money laundering and violates sanctions. Here’s what’s happening: Details of the campaign • Sanctions and seizures: In March 2025, the U.S. Secret Service (USSS) seized the website domains of Garantex (Garantex.org, Garantex.io, Garantex.academy) for allegedly supporting money laundering for transnational criminal organizations, including terrorist organizations.
Information about USDC USDC (USD Coin) is a stablecoin backed by the US dollar. It is one of the most popular stablecoins in the cryptocurrency market. • Current price: $0.9998 (up 0.0% in 24 hours) • Market capitalization: $67,919,162,955 • 24-hour trading volume: $17,582,468,149 Features and uses of USDC • Fiat-backed stablecoin: USDC is backed by the US dollar, helping to reduce price volatility.
NewtekOne Inc (NEWT): This is a company listed on the NASDAQ
Information about the NEWT token The NEWT token may refer to several different entities. Below is some information about the entities related to "NEWT": • Newton Protocol (NEWT): This is a cryptocurrency with the current price of $0.3146, up 1.3% in the last 24 hours. The market capitalization of Newton Protocol is $67,635,666. • NewtekOne Inc (NEWT): This is a company listed on the NASDAQ with the current stock price of $12.03.
• Bitcoin (BTC): Decreased nearly 1% after a sharp drop from the peak of $124,474 to the range of $117,000 - $119,000. • Ethereum (ETH): Decreased by about 4% amid a red market surrounding the crypto space. • Capital inflow into ETFs: ○ Bitcoin ETF: $231 million on August 15. ○ Ethereum ETF: $640 million, three times that of the Bitcoin ETF.
Other notable events and information • SharpLink Gaming purchases more ETH: Valued at over $600 million. • Sui ecosystem: Implemented new Passkey technology for login and authentication. • President Donald Trump: Raised approximately $2.5 billion from the crypto sector since 2022.
The price of Bitcoin has decreased after reaching its peak, specifically down -2.34% to $118,910.74. Some experts predict that Bitcoin could drop to $100,000 after reaching a new peak of around $111,000 - $124,000.
Reasons why the price of Bitcoin may decrease • Muted Implied Volatility: Investors are uncertain about the sustainable breakout of Bitcoin above $110,000. • Low Institutional Interest: Open Interest on CME remains low, indicating a lack of interest from institutional investors. • Bearish Divergence: The number of Daily Active Addresses and network growth is decreasing while the price of Bitcoin is increasing. • Unlocked profits in a danger zone: The 30-day MVRV ratio shows that investors who bought Bitcoin last month are averaging 10% profit, which could lead to profit-taking.
Expert Expectations • Analyst RektProof predicts the possibility of Bitcoin dropping to $100,000. • Bitcoin will reach a new peak of around $130,000 by mid-August 2025 $BTC
Analyst Miles Deutscher: “This altcoin could be the biggest opportunity in this cycle”
Analyst Miles Deutscher has shared insights on altcoins with significant growth potential in the current cycle. According to him, notable altcoins include: • SuperVerse (SUPER): A token in the gaming sector, with strong community support and real value in the gaming economy. • Bittensor (TAO): Benefits from the ongoing AI narrative and has long-term potential due to its central role in AI infrastructure.
Satoshi Nakamoto's wealth surpasses Bill Gates – Next target: Jeff Bezos?
The wealth of Satoshi Nakamoto – the anonymous founder of Bitcoin – has surpassed Bill Gates thanks to record Bitcoin prices. Specifically, Satoshi Nakamoto currently owns about 1.096 million BTC, worth over $132.6 billion according to data from Arkham Intelligence. This allows Satoshi Nakamoto to surpass Bill Gates ($119 billion) by about $13.6 billion in net worth. Satoshi Nakamoto's position in the billionaire rankings • Satoshi Nakamoto is now richer than Bill Gates.
• Market news: ○ Total cryptocurrency market capitalization is almost stagnant after Bitcoin hit a new all-time high. ○ The US government has no plans to buy more Bitcoin. ○ 3.38 billion USD in ETH is queued for unstaking as the price of Ethereum approaches its previous peak. • Events and collaborations: ○ Upbit partners with MB Bank to launch the first domestic crypto exchange in Vietnam. ○ Coinbase Ventures acquires TON tokens directly from Telegram. • Price fluctuations: ○ XRP price drops despite ETF expectations. ○ BNB reaches a new all-time high of 868.79 USD, nearing the psychological threshold of 1,000 USD. ○ DOGE drops 9.2% in the past 24 hours.
Some information about specific cryptocurrencies is as follows: • Gala (GALA): Current price is 0.02 USD, down -11.30%. • EOS: Price drops sharply, currently 0.00 USD. • Turbo: Current price is 0.00 USD, down -11.52%.
• Ethereum Soars: Ethereum has risen to $4,400 thanks to Tom Lee’s BitMine's move to raise $24.5B to boost the ETH treasury. • Ripple and SEC End Lawsuit: The lawsuit between Ripple and the SEC has concluded, resulting in a 4% price increase for XRP. • Ethereum Spot ETF: Ethereum ETFs have purchased $1 billion in ETH as prices near all-time highs. • Aave Surpasses US Banks: Aave is becoming the focal point of the DeFi market as it continues to set new records. • US Seizes $1 Million from BlackSuit Ransomware Group: US authorities and international law enforcement agencies have seized $1 million in cryptocurrency from the BlackSuit ransomware group. $ETH
XRP price predictions as the lawsuit with the SEC finally concludes 👇
The lawsuit between Ripple and the SEC officially ended on August 7, 2025, with both parties agreeing to withdraw their appeals. This has helped eliminate legal uncertainty for XRP. Impact on XRP price • The price of XRP rose by 14% after the lawsuit ended. • In the past 30 days, XRP has increased by 31%, and over the past year, the price of XRP has risen nearly 500%. • Experts predict that with legal clarity, the price of XRP may continue to grow.
• Harvard University invests 117 million USD in Bitcoin ETF: This is a notable move in the participation of large organizations in the crypto market. • Ripple agrees to settle lawsuit with SEC: Ripple has spent 200 million USD to acquire the stablecoin company Rail to settle the lawsuit with the U.S. Securities and Exchange Commission (SEC). • Bitcoin price continues to surge: Buying pressure from retail investors ("Shrimp") has increased significantly, with nearly 10,000 BTC added to wallets in just one week. • Ethereum (ETH) hits 4,000 dollars: This is the first time ETH has reached this level since December 2024. • Ripple wins lawsuit: XRP price skyrockets: The price of XRP has increased by more than 10% after Ripple and SEC agreed to drop legal appeals. $BTC $XRP
What mysterious common points do investors in XRP, XLM, and Pi Network share?
Investors in XRP, XLM, and Pi Network share some "mysterious" common points related to the technology and goals of these projects. Common points between XRP, XLM, and Pi Network • Common technology: All three projects use different versions of the Stellar Consensus Protocol (SCP), an alternative to the Proof-of-Work mechanism, enabling faster and cheaper transactions. • Global financial expansion goals: XRP and XLM focus on low-cost cross-border payments, while Pi Network explores a mobile phone-based cryptocurrency mining model, helping to bring crypto to the masses.
• India tightens crypto controls: India has conducted a major crackdown on crypto traders for not declaring income. • SEC opposes crypto ETF: A commissioner of the SEC has opposed crypto ETFs, reducing the likelihood of approval for the XRP ETF. • Ripple CTO speaks out: The CTO of Ripple has responded to Caitlin Long's misconception about "XRP ICO". • Bitcoin and price predictions: John Bollinger warns of a "fakeout" as Bitcoin prices rise. Tom Lee predicts that if Bitcoin reaches $1 million, a company could become the largest public company in the U.S. • Inflows into Bitcoin ETF: The Bitcoin spot ETF has returned to net inflows with $91.5 million after a 4-day outflow streak $BTC