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Bitcoin Below $78K, $215M DeFi Losses & Monero's 47% Surge | Sep 1
Audio is available on Spreaker — see link below.
Bitcoin broke below $78K as Fed rate-hike odds hit 56% after Powell's Jackson Hole speech, while DeFi absorbed $215M in August losses and Monero surged 47% on THORChain's native swap upgrade. Plus: MiCA consultation closes, Binance delistings, Mina's Mesa hard fork, and what Friday's jobs report means for crypto heading into September.
Audio is available on Spreaker — see link below.
Bitcoin broke below seventy-eight thousand dollars this week, and the reason matters more than the number. Fed rate-hike odds jumped to fifty-six percent after Powell's Jackson Hole speech, and that repricing hit crypto almost immediately.
On DeFi losses, August's final tally came in at two hundred and fifteen million dollars across the month. The important distinction is where those losses came from.
Monero is up forty-seven percent in August, hitting five hundred and forty-six dollars on Monday. That's the highest in five years, and it broke convincingly above the four-twenty to four-thirty supply zone that contained it through spring and summer.
The EU's MiCA public consultation officially closed August thirty-first. This review cycle targeted stablecoins, DeFi, staking, and lending.
Mina Protocol's Mesa hard fork rolls out September third. It adds shorter block times, higher state limits, and expanded zkApp capabilities.
The real watchpoints from here are narrow. Friday's employment data at eight-thirty Eastern is the immediate macro test.
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