In partnership with

Howdy, Hodlers!

Welcome to the Hodl Report, where every time Powell talks rates or Trump talks tariffs, the charts cry - and this week, we had both! 📉😢

This week we’re covering:

• Macro Review: Powell spoke, markets panicked - classic. 🌍

• Adoption wins: Bullish moves from the real world. 🐂

• Top headlines: The big stuff, minus the spin. 📰

• Memes: A distraction from your portfolio stress. 😂

Let’s get into it - coffee out, charts up (hopefully). 👇

What a week!

Nonstop bullish headlines… but the market?

Meh - choppy and sideways, stuck between $117k–$120k until a last-minute move… downwards. 📉

Why?

The Fed held rates steady (ie. didn’t cut rates), Trump’s tariff deadline has arrived, and the White House skipped the juicy Bitcoin reserve details in their report.

Still, under the surface, crypto adoption keeps stacking up and altcoin momentum is shifting. 

ETH and SUI are looking strong while mid-caps bleed back into the top 25.

Let’s break down the bearish macro noise and the bullish crypto signals that actually matter from this week. 👇

👎 Bearish News This Week:

1. Rate Cuts? Not So Fast.

• The Fed froze rates at 4.25 - 4.50% and threw shade at hopes of a September cut. Hawkish Powell struck again.

• He warned tariffs could fuel persistent inflation, slapped down any pre-commitment to cuts, and said the Fed won't bend for fiscal policy.

• Trump? He’s losing it, responding by calling Powell “too late, too angry, too stupid, and too political.” (Yes, he said that.)

• Next FOMC decision: Sept 17. Odds of a cut dropped from 65% → 43%. Tick tock.

2. Tariff Tensions Simmering

• Trump’s tariff deadline just hit. Will it stick, or get swept under the rug like April's drama? Trump seems more serious about not extending deadlines now, let’s see if the market’s reaction will cause him to change his tune again.

• Trade deals? Maybe. New tariffs? Possibly. Uncertainty? Definitely.

• Market reaction so far = drop. But that can change fast in either direction, depending on what Trump says.

3. Where’s the Bitcoin Reserve Plan?

• The White House dropped a 168-page “crypto roadmap” but dodged the one thing everyone wanted: Bitcoin reserve details.

• All we got was a vague note that the reserve would be “administered by Treasury” and capitalized by “forfeited digital assets.”

• They claim a separate executive order is coming. We’re not holding our breath.

• Digital assets chief Bo Hines did say the U.S. wants “as much BTC as we can possibly get,” but… no hard plan yet.

🚀 Bullish News This Week:

1. Treasury Companies Keep Stacking

• 161 public companies now hold BTC.

• Strategy (Saylor’s cult) is raising a never-ending, additional $4.2B more to continue aping in.

• New issuance plan based on their mNAV metric:

  • Below 2.5x mNAV: No equity issuance

  • 2.5x–4.0x: Opportunistic issuance to buy Bitcoin

  • Above 4.0x: Active issuance to buy Bitcoin

• ETH, SOL, and now SUI are also making it onto corporate balance sheets.

2. ETF Boost: In-Kind Redemptions Approved

• SEC just greenlit in-kind creations/redemptions for spot BTC & ETH ETFs.

• Cuts fees, boosts liquidity, reduces sell pressure.

• Institutional adoption just got a lot smoother.

• BlackRock’s ETH ETF crossed $10B AUM - the 3rd fastest ETF to do so ever.

• SEC’s new “Project Crypto” is also aiming to modernize securities rules and shift markets on-chain. Yeah, you read that right.

3. PayPal Goes Full DeFi

• “Pay with Crypto” now live: 100+ tokens, merchant payments, 90% fee savings.

• Works with Phantom, MetaMask, and exchanges.

• Major real-world adoption is here, and it ain’t slowing down.

  👉 PayPal Announcement

4. Coinbase Power Moves

• Bought 2,500 BTC in Q2 (~$292M), CEO says they’re buying every week.

• Launching tokenized stocks & prediction markets in the U.S.

• Earnings missed expectations, but who cares - they’re building for the next cycle.

5. ETH & SUI Take the Spotlight

• ETH chosen by eToro to power tokenized stock + ETF trading.

• SUI selected by Mill City Ventures as treasury asset - $441M coming in.

• Yes, SUI has a $184M unlock this week, but price action has been strong so far.

6. IPO Season Heating Up

• Kraken planning IPO at $15B valuation; raising $500M pre-IPO.

• BitGo, Bullish, and Gemini also rumored to be prepping IPOs.

• TradFi’s hunger for crypto exposure is turning into full-blown FOMO.

7. JPMorgan Bends the Knee

• JPM and Coinbase deal lets 80M customers move money, credit, and even reward points into BTC.

• Direct Chase bank integration, USDC conversions, and BTC purchases coming soon.

• Jamie Dimon’s empire is finally joining the orange coin cult - silently, of course.

🧠 TLDR:

Powell’s hawkish tone combined with the August 1st arrival of Trump’s tariff extension deadline have spooked markets in the past 24hrs.

Will it last?

Doubtful.

BTC barely blinked. 🟠

The bullish news this week is setting the stage for a full on bull market that’s just getting started.

The macro might still have some teeth… but crypto’s listening less and less. 🚀

1.  US Government Bitcoin Wallet Labels Clarified by Arkham: Arkham Intelligence has clarified that previously flagged U.S. government Bitcoin wallets were mislabeled, correcting market confusion. The update quells fears of imminent federal sell-offs.

2. Quantum-Safe Wallet Upgrade Leaves Out Bitcoin and Ethereum: A major quantum-resistant wallet upgrade has launched - but without support for Bitcoin or Ethereum. Critics warn the delay exposes the two largest chains to future cryptographic threats.

3. PayPal Expands Crypto Payments Globally, Lowers Fees: PayPal is scaling up global crypto payment support while reducing merchant fees. The company says the upgrade makes digital assets more usable for everyday international commerce.

4. Coinbase and JPMorgan Expand USDC Partnership: Coinbase has deepened its banking relationship with JPMorgan, focusing on USDC-related services. The deal strengthens stablecoin infrastructure and traditional finance links.

5. SEC Approves In-Kind Redemptions for Crypto ETPs: The SEC has approved in-kind redemptions for crypto exchange-traded products, easing ETF operations. The change allows issuers to manage crypto inflows and outflows more efficiently.

6. Trump Sets August Deadline for New Tariff Decisions: Trump has announced an August deadline for a sweeping round of new tariffs, targeting multiple trading partners. Markets are bracing for another wave of trade disruptions.

7. High School Students Build Profitable ChatGPT Trading Bot: A group of U.S. high school students has built a ChatGPT-powered trading bot that’s reportedly beating the market. The project has gone viral as a showcase of AI and Gen Z financial skills.

8. Meta Shares Surge as AI-Driven Ad Sales Offset Costs: Meta stock jumped after AI-fueled ad revenue outpaced major infrastructure costs. Investors are increasingly betting on Meta’s dominance in AI-powered advertising and virtual commerce.

9. Trump Unleashes Series of Trade Surprises, Rattles Markets: Trump delivered a flurry of unexpected trade announcements, including new tariffs and renegotiation threats. The rapid-fire moves caught global markets off guard and reignited volatility concerns.

Big thanks for making it to the end of this week’s Hodl Report! 👊

If you enjoyed the ride, had a good laugh or learned a thing or two, feel free to share the love! Just copy/paste this link over to anyone:

HodlReport.com/Subscribe

The more, the merrier - because who doesn’t love a bigger party? 🥳

Happy Friday!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research)