Host:
Markose Chentittha
RA George
Episode Title:
Unfiltered Chat - Weekly Crypto, Blockchain & AI Snapshot
Topics Discussed:
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Economic Data’s Impact on Bitcoin/Crypto:
Snapshot from the economic calendar (MarketWatch reference).
Relevance of this data to Bitcoin and crypto markets.
Bitcoin’s place in the top 10 global assets (was 6th weeks ago).
The role of institutional investors and U.S. politics.
Key Economic Events This Week:
Monday: Labor Day in the U.S.
Tuesday: ISM manufacturing, PMI manufacturing, construction spending (Source: PMI link).
Wednesday: U.S. trade deficit, job openings, factory orders, auto sales (Source: Bureau of Economic Analysis).
Thursday: ADP employment, initial jobless claims, PMI services, ISM services.
Friday: Employment report, employment rate, hourly wages, NY Fed President Williams & Fed Gov. Waller speeches.
Central Banks Buying Gold:
Net central bank gold purchases doubled in July (37t) (Source: gold.org link).
Macro implications: Economic collapse or Kamala Krash 2.0?
Bank of Japan Governor Kazuo Ueda’s signal on interest rate hikes.
Impact on Bitcoin/Cryptocurrency:
Upcoming Events:
Ethereum Market Overview:
Market cap below $300M (compared to $480M in March).
Gas fee reduction not aiding Ethereum.
Impact of EIP 1559 and less ETH being burned.
CBDC and burning mechanism: Could reduce inflation via public address burn.
Ethereum ETF Challenges:
Bad first month with $476 million outflows.
Drop in on-chain activity for Ethereum, Solana, and Bitcoin (via Coinmetrics).
Low Stablecoin Volume:
Bitcoin Mining’s New ATH:
Bitcoin mining reaches 742 exahashes per second, indicating strong security.
Industry challenges: Bitfarms vs. Riotplatform drama and unsustainable growth.
DeFi Struggles:
Additional Updates:
Markose: Oort Townhall recap.
George/Blockchain DXB: Insights on the Porter’s Force Model applied to Bitcoin & Crypto (covering bargaining powers, threats, and competitive rivalry).
