Bitcoin starts the week holding firm as macro risks begin to ease, with oil plunging after President Trump once again pauses strikes on Iran and attention shifting back to economic data and the Federal Reserve. The show breaks down Scott Bessent’s comments on U.S.-Japan currency intervention, the $90 million Coldcard hardware wallet exploit and what it means for the self-custody debate, Trump’s new $100,000 Truth Social API for institutional traders, and why this week’s earnings from Palantir, AMD, and SpaceX could shape the next phase of the AI trade. It also covers Bithumb’s IPO plans and the key macro events to watch throughout the week.<br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin ABOVE $63K As Trump Halts Iran Strikes And Oil Crashes 9%

The Wolf Of All Streets

With the Bitcoin community reeling from one of the more concerning hacks, basically ever, on cold storage, Michael Saylor selling Bitcoin, all of that happening at the same time that oil prices are crashing, gold is rallying, and yen intervention is signaling maybe the start of yet another amount of monetary easing globally. We have a lot to talk about on Macro Monday. Let's go.

Well, let's bring up Mike, and we'll have Kyle from Milk Road joining us and Peter Scheer joining us as well. But let's get started with the morning meeting, Mike, because you guys have a lot to talk about today for the first day of August when everyone's supposedly on vacation. Always seems that way, doesn't it? There you go. Well, in Europe, we know that's kind of the trend. In America, most schools go back to, most people go back to school in mid-August. But from starting with Anna Wong, our economist, she initially focused on the results from the FOS,

post-FOMC, post-FOMC. She thought Warsh just did a bad job of sounding evasive. Her focus on maybe him shifting from two, six meetings from eight was kind of not unlikely to happen because it's been a problem for a global situation, i.e. the BOVE, the Bank of England, the ECB, and Bank of Japan all kind of follow that mantra now. So that's probably not going to happen. They switched the cutback in meetings.

And then she focused on the data. Non-farm payrolls, she's expecting payrolls to be around 65,000. Typically, she says we underperform the consensus in August. I think the consensus is around 60. And she expects labor force participation to be a problem. The unemployment rate ticked up to 4.3%. A lot of that's seasonal stuff.

Bitcoin ABOVE $63K As Trump Halts Iran Strikes And Oil Crashes 9%

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Bitcoin ABOVE $63K As Trump Halts Iran Strikes And Oil Crashes 9%

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.