Crypto markets are feeling the heat as Bitcoin closed August on a weak note, flirting with a critical $100K level and staring down a historically bearish September (“Rektember”). Altcoins have barely budged, pushing a true altseason off the table until at least 2025 unless something dramatic shifts on-chain.
Meanwhile, Donald Trump’s new World Liberty Financial (WLFI) token just dropped with an eye-watering $40 billion fully-diluted valuation, complete with token unlocks and on-chain treasury maneuvers. On the institutional front, Galaxy & Jump launched a $1 billion Solana treasury play, Trump Media tapped a new CRO, and macro drivers—from Fed rate-cut bets to US GDP surprises and PCE data—are fueling volatility. Keep an eye on fresh CFTC rules, Polygon’s POL migration, Stellar governance votes and Ondo’s US market debut.
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