Calm Before the PCE Storm

DAILY MARKET OVERVIEW

Chop, Chop, Chop

👋 Hey, Crypto Enthusiasts! The market is still choppy, but a couple of key developments are keeping things alive. Let’s break it down.

The crypto market is flashing slightly green today after a wild reaction to yesterday’s NVIDIA earnings. At first, markets dumped - but the bounce came just as fast.

So, what actually happened?

• NVIDIA earnings: Overall revenue came in stronger than expected ($46.7B vs $46.23B). That’s a win. But data center revenue - the real growth engine - slightly missed at $41.1B vs $41.29B. Neutral, but not yet bearish.

• Market reaction: Initial panic, followed by relief. Crypto snapped back quickly once traders processed the data.

Meanwhile, U.S. GDP came in hotter than expected, while unemployment remains low. Meaning the economy still looks okay, which could make the Fed less eager to cut rates aggressively.

So, what’s actually lifting prices today?

• 💲 Tether minted $2B in USDT in the last 24 hours. That’s a lot of fresh liquidity, and historically, new stablecoin issuance tends to flow directly into crypto markets.

• ETF flows are strong. ETH notched 5 straight days of inflows totaling ~$1.8B, while BTC pulled in ~$400M across 3 days.

• Rotation continues. Solana keeps stealing ETH’s mindshare. The SOL/ETH chart suggests SOL may outperform ETH into the next couple of weeks.

⚠️ But keep your eyes on tomorrow’s PCE inflation data - the Fed’s favorite gauge. A cooler print could send risk assets higher, while a hot reading could slam the brakes on the September rate cut.

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SOCIAL SENTIMENT

Oracle Projects Go Wild

While majors chop, oracles took center stage today. Chainlink (LINK) and Pyth Network (PYTH) ripped higher on a massive adoption headline.

Here’s the deal: The U.S. Department of Commerce will be using Chainlink and Pyth to help verify and distribute economic data directly on public blockchains like Bitcoin and Ethereum.

This news sent Chainlink and Pyth flying.

• Why does this matter? Chainlink and Pyth act as decentralized data pipelines ("oracles") that bring real-world information onto blockchains. This is huge for transparency, trust, and potential DeFi integrations.

• Officials made clear this won’t replace traditional releases - but it adds another secure, immutable distribution layer. Big step forward for adoption.

On top of that, there’s even more noise in the DeFi space with World Liberty Financial, a new project linked to Trump, set to launch on September 1. Whether just hype or not, eyes will definitely be on it.

So, even with the chop, the bigger picture is clear: adoption is going parabolic.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Cronos Surges After Trump Media Treasury Move
Cronos hit a three-year high after Trump Media announced a $6.4B CRO treasury, with plans to integrate CRO into Truth Social.

Sony’s Soneium Launches User Scoring System
Sony’s Soneium blockchain introduced Soneium Score, rewarding user activity across DeFi, NFTs, and liquidity with onchain reputation points.

Pump.fun Buys Back $15M in Tokens
Pump.fun repurchased $15M of its native token in two weeks, lifting its market cap back over $1B as Solana’s memecoin hub.

Philippines Eyes Blockchain-Based Budgeting
Senator Bam Aquino plans to propose placing the Philippines’ national budget on blockchain to boost transparency and citizen trust.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Bitcoin: Dubious Speculation (28.08.2025 Summary)

Benjamin Cowen thinks Bitcoin is in a testing phase right now. It has been drifting lower and will likely retest its “bull market support band” (a mix of key weekly moving averages) in September. Historically, Bitcoin often finds a local bottom in September or early October before moving higher again.

• The big question: will the low happen at the support band or at the deeper 50-week moving average? If Bitcoin holds support, that’s a healthier sign. If it falls to the 50-week line, altcoins may get hit harder as people shift back into Bitcoin.

Cowen also expects Bitcoin dominance (its share of the total crypto market) to rise in September and October. This usually happens when money flows out of altcoins and back into Bitcoin, whether during a rally or a dip.

In short - September could be shaky, but Cowen believes that once Bitcoin finds its low, it may set up for a strong move higher later in the year. The key levels to watch are the bull market support band and the 50-week moving average.

CoinBureau – Trump’s Crypto Empire: What The Insiders Hold (28.08.2025 Summary)

CoinBureau’s Guy breaks down how Trump’s new administration is shaping the crypto world - and how insiders might walk away with the biggest gains.

Trump and his family hold plenty of crypto, but the real story is about the people he’s appointed. Many top officials, from Treasury to Commerce to the SEC, already own huge amounts of Bitcoin, Ethereum, stablecoins, or stakes in crypto companies. Now they’re the ones writing the rules that directly impact their own portfolios.

Some key examples:

• David Sacks (AI & Crypto Czar) - still tied to Craft Ventures, which owns big pieces of crypto companies like BitGo. He got ethics waivers to keep influencing policies that affect his holdings.

• Howard Lutnick (Commerce Secretary) - his firm handles Tether’s $165B reserves and owns a slice of the company. With him in charge, Tether looks safer than ever.

• Todd Blanch (Deputy AG) - Trump’s former lawyer, now reshaping DOJ policy to ease off crypto prosecutions, while holding a basket of coins himself.

• Paul Atkins (SEC Chairman) - declared most cryptos aren’t securities, a game-changer that gives DeFi projects breathing room.

• Scott Bessant (Treasury Secretary) - deep into Bitcoin and stablecoin policy, pushing to merge crypto with traditional banking.

The bottom line - this is full-scale regulatory capture. Insiders are positioned so their personal bags benefit from the very policies they’re creating. For investors, this means short-term certainty and massive opportunity. But history shows it won’t last forever.

CRYPTO MEMES

The Grind Never Stops

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