Fed Dovish, Crypto Bullish

Ethereum takes the crown this weekend after a fed rate cut is in sight

Together with

Good Morning,

Here's a quick preview of today’s content: Ethereum hit a new ATH on Friday, JPOW signals a rate cut in sight, Japan eyes a flat tax for crypto trades, VanEck files for a new ETF, Jupiter lend readies for launch, Singapore’s largest bank is issuing crypto-linked structured notes on Ethereum, and so much more

We’re so back - it’s Monday, Let’s dive in.

Market Snapshot

Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.*

  • Ethereum, Solana, and Dogecoin led a broad crypto rally Friday after U.S. Federal Reserve Chair Jerome Powell hinted that a rate cut could come as soon as next month

  • “The balance of risks appears to be shifting,” Powell said at the annual conference, “ the shifting balance of risks may warrant adjusting our policy stance.”

    • One analyst said a hawkish tone from Powell may turn markets into a risk-off mode, potentially to a 30% drop in Bitcoin price

  • Powell faces mounting political pressure to cut rates but continues to warn about risks tied to inflation and labor market weakness

Market Predictions

  • Bettors on Kalshi are predicting how much the Fed will cut rates in September

  • Trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Headline Roundup
The major headlines driving crypto markets

  • Federal Reserve Chair Jerome Powell signals the US central bank may soon pivot toward easier monetary policy, causing Bitcoin to jump to $116,000 (TD)

  • Latest episode of “South Park” depicts US President Donald Trump taking gifts of Bitcoin from state officials and tech leaders - watch the scene here

  • Trish Turner, veteran IRS official in crypto unit, announces her resignation (TB)

  • Jupiter Lend readies for public beta launch this week (BW)

  • Crypto market cap tops $4T on Friday, creating a $250B daily surge (TD)

  • Plasma’s XPL token hits $5B valuation in pre-market debut on Hyperliquid (TB)

  • Analysts predict that the inclusion of digital assets in US 401(k) plans may unlock billions of dollars in new inflows by the fall (CT)

  • Singapore’s largest bank DBS is issuing crypto-linked structured notes on Ethereum (BW)

  • BlackRock's Bitcoin ETF holds 781,000 BTC, surpassing exchanges (TD)

  • Significant increase in crypto ETF applications following the SEC's approval of Bitcoin ETFs (BW)

  • VanEck files a proposal for an ETF tracking the price of JitoSOL (DC)

  • Ethereum climbs past November 2021 peak setting a new ATH just over $4,900, while $350M in shorts liquidated (TD)

  • Total US dollar-pegged stablecoin market projected to swell to $1.2T by 2028 (CT)

  • Bitcoin miners say halving cycles matter less as demand and power infrastructure reshape the business (CD)

  • Handful of asset managers file S-1 amendments for a spot XRP ETF on Friday (TB)

  • Crypto sentiment tracker surges back into Greed after Fed Chair Jerome Powell hints at a possible rate cut (CT)

  • Eric Trump plans to visit Tokyo in September to attend a shareholder meeting of treasury firm Metaplanet, predicts Bitcoin surpassing $175,000 (TD)

  • Philippines proposes 10,000 BTC strategic reserve with 20-year lockup (TB)

A Message from Spot

Every coin, the moment it launches — from memecoins to Bitcoin and Hyperliquid.

One simple app like Robinhood but for trading all your crypto.

Venture Capital

  • Chinese investment bank signs strategic cooperation memorandum with YZi Labs, commits $100M to acquire BNB (TD)

  • Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise $1B to establish a digital asset treasury firm focused on Solana (TB)

M&A Announcements

  • SharpLink Gaming authorizes a share buyback program of $1.5B (TD)

Launches

  • Japan’s SBI Holdings teams up with Singapore-based blockchain developer Startale Group to launch platform for tokenized stocks, RWAs (TD)

  • Ethena Labs rolls out ‘Eligible Asset Framework’ as BNB is the first token officially approved to back its USDe perpetual futures (TD)

  • Ripple announces that it plans to distribute RLUSD in Japan in partnership with SBI Holdings by Q1 of 2026 (CD)

  • World Liberty Finance to list WLFI token on Ethereum mainnet on Sept 1 (TD)

  • UK Financial LTD announces the launch of its upgraded ecosystem with the release of its preferred-class regulated security token SMPRA (CD)

  • EU speeds up its digital euro rollout, may ditch private rails in favor of Ethereum or Solana for ready-made crypto integration (TD)

Regulation

  • Japan eyes 20% flat tax for crypto trades (TB)

  • Philippine Congressman files House Bill 421 seeking to establish 10,000-Bitcoin Reserve for National Security (TD)

  • House Republicans have attached anti-CBDC measures to an upcoming Defense Bill (DC)

  • AUSTRAC orders Binance to appoint an external auditor over concerns about its AML and CTF systems (CT)

Cybersecurity

  • Crypto bust in Africa leads to the arrest of 1,209 alleged cybercriminals who targeted nearly 88,000 victims (TB)

  • Thai police arrest a South Korean man accused of helping a call center gang launder over $50M in crypto into gold (CT)

  • ASIC has removed more than 14,000 scam and phishing websites in two years, with crypto scams making up about 20% (DC)

  • Kroll is facing a class-action lawsuit for alleged negligent behavior over a data breach that impacted creditors of FTX (CT)

  • Taiwan prosecutors charge 14 suspects in $41M BitShine crypto fraud that defrauded over 1,500 victims (TB) 

  • Single phishing attack drains $1M worth of tokens from a crypto investor who signed a batch of malicious transactions in Uniswap scam (CS)

  • Interpol announces more than a thousand arrests and seizure of $100M as part of a crackdown that includes cryptocurrency miners and fraudsters (CT)

  • Official Instagram accounts for Michael Jackson, Adele, and Future were hijacked to promote a meme coin (DC)

  • Coinbase reinforces security after North Korean hackers exploit its remote work policy (CT)

Extra Reads

Chart of the Day

$740B has been added to the total crypto market cap since July 1st

How was today's newsletter?

Login or Subscribe to participate in polls.

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.