from a shaky start, with BTC and ETH hitting new highs.

🪙 Stablecoins grew 18 %, tokenized RWAs topped US$25 B, and Circle’s IPO plus Robinhood’s Bitstamp buy signalled rising institutional momentum.

🔥 Fresh U.S. laws (GENIUS, CLARITY) added long-sought regulatory certainty.

Looking ahead, our report outlines catalysts for H2 2025: regulatory rollout and licensing guidance, stablecoin adoption by major retailers (Amazon, Walmart and Stripe), and a potential Federal Reserve rate cut that could boost risk appetite across DeFi tokens, alternative L1s and RWA protocols.

@Youbi_Capital ❤️

at 3.1% vs 3.0%. Softer headline inflation boosted odds of a September Fed cut, with markets largely pricing in 25bps. Goods inflation cooled despite expectations of a pickup.

📊 Rate-cut bets for 2025 remain ~60bps, and the terminal rate stays steady. Futures suggest a 3% Fed floor in 2026.
With key risks fading, equities hit fresh highs.

🚫 TACO extended the US–China tariff pause by 90 days, while Ukraine–Russia tensions eased, with peace now the base case.

📱 In crypto, ETH nears ATH, sparking long-term holder euphoria. Bitmine’s ETH treasury build drew attention — ETH’s smaller market cap means inflows hit harder than BTC.

🔝 Momentum looks set to continue as flows into ETH DATs persist.

Next up: Jackson Hole, where the Fed is expected to signal readiness for a 25bp September cut. Only one CPI and one NFP remain before the meeting, unlikely to shift the outlook.

@Youbi_Capital ❤️