Sticky Inflation Meets Fragile Crypto Rally
We went through yet another wild ride in the crypto market this week. Overall, we saw steep rallies and then drop-offs, leading to, if anything, a very eventful period on August 24–30.
Monday
Institutional Bitcoin adoption continued with Strategy adding another $357 million to its Bitcoin stockpile, reinforcing its position as the leading Bitcoin strategy firm in the world.
Meanwhile, Chainlink and SBI Group have joined forces to bring tokenized assets, stablecoins, and real-world infrastructure to Japan and beyond. This development marks a major step for Chainlink, which has been quietly cementing its role in the institutional crypto space.
The former biotechnology company, now going by the name of ETHZilla, dropped $250 million on a…
