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U.S. Rate Cuts; Busy September Awaits & Altcoin Updates
Manage episode 436604850 series 2981868
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Join Matt and Nick as they cover the Federal Reserve's plan to cut rates, the arrest of Telegram’s co-founder and what it means for TON, Marathon becoming a new buyer of Bitcoin (BTC), and more.
Key Takeaways
- Crypto rallied after the U.S. central bank all but confirmed it’d cut rates in September. It remains unclear whether the cuts will be 25 basis points or 50 basis points.
- Telegram’s co-founder and CEO, Pavel Durov, was reportedly arrested by French authorities, crashing the price of TON. While Telegram has not been involved in TON for a few years, the market still treats TON as if it is Telegram’s cryptocurrency. This is unlikely to change any time soon. Therefore, events related to Durov may affect price in the short term.
- September will feature a number of key events, including the first presidential debate between Trump and Harris (Sep. 10) and the Fed’s rate cut (Sep. 18).
- Among the altcoin updates covered: Solana ETF application setback and ARB staking vote goes live.
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