BTC at 111K, Banks Hint Cuts, and CRO Treasury Goes Big

Hey Degens,

Quick reset. BTC swept six-week lows, Powell walked on stage, hinted the Fed will cut next month, and price shot back to 116K in minutes. Dollar faded, risk perked up.

Meanwhile, the EU is suddenly open to building on public rails, and State Street quietly became custodian No. 1 on JPM’s tokenized debt platform. Oh, and 13 wallets made off with $24.5M on YZY before the music stopped. Let’s run it.

TL;DR

• Powell sounded dovish. Odds for a September cut jumped. BTC bounced from 111–112K back to ~116K.

• EU is exploring Ethereum and Solana for a digital euro. That’s a real signal on public-chain credibility.

• State Street joined JPM’s tokenized debt rails and bought $100M in tokenized paper. RWAs keep compounding.

• YZY launch went vertical then vertical the other way. Top wallets printed and dipped.

🧃 THE RUNDOWN

Powell Blinks, BTC Pops
Jackson Hole speech hinted rate cuts are on deck. Dollar slipped, BTC ripped ~3% off the lows. Still a range until we clear 117–118K cleanly.

112K Was the Tripwire
We swept 111.6K, tagged demand, and reversed. Traders want 117–118K reclaimed for momentum or we’re just ping-ponging.

EU Kicks Tires on Public Rails
ECB folks are exploring Ethereum or Solana for a digital euro instead of a private chain. Big if true. Composability > museum pieces.

YZY Top-Tick Olympics
13 wallets pulled ~$24.5M on the Kanye-linked token. Spiked ~1,400%, then dumped ~74% inside a day. A lot of new wallets learned what “liquidity” actually means.

TradFi Does Blockspace
State Street is the first custodian on JPM’s Digital Debt Service. They already bought $100M in tokenized commercial debt. This is what adoption looks like: boring and massive.

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Main Event: Map The BTC Range, Then Act

BTC bounced off 111k–112k into the weekly close. Bulls held 110k and printed a higher low.

That’s the good part. The gate is 112k–113k. Flip it and momentum can carry to 115k and then 120k. Fail there and the chart keeps chopping or tags the lower bands.

What the tape says right now:

• 110k held. Van de Poppe called that “promising” and wants a clean break above 112k to “fire up the bull run.”

• 112k–113k is the hinge. Cipher X warns a failure here can print fresh lows. Crypto Tony has the binary read: flip 113k and go higher, reject and you likely see 100k next.

• Moving averages matter. 50-day SMA sits near 115,035. 200-day SMA sits near 101,760. TurboBullCapital flags 107k as the line before a 101k tag. That 101k zone lines up with the 200-day and is a logical bounce area.

• Fibonacci backdrop. Since late 2024, BTC has bottomed near the 0.382 retrace. ZYN maps that level around 100k now. Worst case from here looks like a 10% slide into 100k, then the setup for a run toward 150k if the pattern repeats.

My read: respect 112k–113k. Above it, trade the continuation. Lose 107k with conviction, prepare for a 101k test and have bids staged where the 200-day and 0.382 meet. Worst case looks like 10% down, not end-of-cycle doom.

Deeper Cuts

Macro Cuts On Deck
Big banks now expect 2–3 rate cuts in 2025 after a weak jobs print. BofA flipped to two cuts (Sep, Dec). Goldman sees three (Sep–Nov). Liquidity tailwind if they deliver.

CRO Treasury Play
Trump Media and Crypto.com set up a joint CRO treasury plan. First ticket: 684.4M CRO for about $105M. Targeting a $6.4B stash with platform rewards tied in. Corporate treasuries are getting creative.

WLFI Freeze Drama
Justin Sun says his WLFI tokens were “unreasonably” frozen after trackers flagged a $9M move. He wants them unlocked. Raises the old question: how “decentralized” is the button that can blacklist you.

SEC Texts… Deleted
The SEC’s inspector general says “avoidable errors” wiped a year of Gary Gensler’s phone texts during peak enforcement. Bad backups, bad policy, bad optics.

Tape Check
Week closed with BTC ~110.8k, ETH ~4.3k. Top gainers: MemeCore, Story, Pump.fun. Laggards: WLFI, PYTH, CFX. One desk’s “alt season” is another desk’s “rotation risk.”

Mini Hot Takes

• Worst case isn’t scary. A 10% dip to 100k is a reset, not a thesis breaker.

• If 101k prints, bots will front-run the 200-day. Have a plan before they do.

• CRO treasury is the tell. Expect more listed companies to pair brand with token balance sheets.

• WLFI freeze is a reminder that admin keys and blacklists are still part of this market. Price in that risk.

• The SEC text wipe won’t move charts, but it fuels the trust gap that keeps people in self-custody.

• Rate cuts plus disciplined entries beats hopium. Map levels, size small, survive the chop.

Clean bounce. Messy range. Big rails getting built while CT argues candles. Keep it simple: respect the levels, respect your risk.

— The DegenDen Team

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