This chart shows all you need to understand this crypto market

BTC ATH now ETH ATH tomorrow SOL ATH october

This is a clear chess move. Trump wants Powell to resign from the Fed once his term as Chair ends in 2026. If Powell does not resign, he then becomes another Fed Governor with a seat at the FOMC. If Powell resigns, then Trump gets to appoint two new Fed Governors instead of only one: Miran and someone else.

Excellent read on crypto treasury companies aka DATs

The real money is made riding bubbles. Recall 2021. We are very far from 2021 in terms of euphoria and positioning. Yet we may see something similar next year if Trump gets his way with the Fed. If so, that's when you look for that global top and riding into the sunset.

Monero appears to be in the midst of a successful 51% attack. The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges. The Qubic mining pool has been amassing hashrate for months and now controls a majority of the network. A major chain reorganization was detected this morning. With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction. Sustaining this attack is estimated to cost $75 million per day. While potentially lucrative, it threatens to destroy confidence in the network almost overnight. Other miners are left with no incentive to continue, as Qubic can simply orphan any competing blocks, effectively becoming the sole miner. In effect, a $300 million market-cap chain is taking over a $6 billion one. Monero’s options for recovery are limited, and a full takeover is now possible and even likely. So far, XMR has dropped only 13%.

Bits + Bips LIVE: Monday, August 11

Seems like everyone in crypto is about to go through a tough lesson on what the term “contingent liabilities” means

it would be fitting for the times if the next Fed chair would be called Bulltard

JUST IN: 13 of the top 25 U.S. banks are building Bitcoin products. Not priced in.