Powell’s speech reassures markets

Powell’s speech reassures markets

Jerome Powell’s latest speech at Jackson Hole triggered a wave of euphoria across financial markets, especially within the crypto ecosystem. The Fed Chair adopted a much more conciliatory tone, suggesting that rate cuts could arrive as early as September. This signal instantly reignited risk appetite.

In response, Ethereum surged 10% in just a few hours, driven by massive inflows into derivatives products and a sharp rise in open interest. Solana performed even better with a spectacular rally, confirming its status as a prime alternative for investors seeking quick returns.

Bitcoin also joined the move, though more moderately, consolidating above its recent highs. Traditional markets followed a similar upward path, reinforcing the impression of an imminent monetary shift.

However, this euphoria carries risks. Short position liquidations multiplied, amplifying violent price swings. Analysts warn that such a rally can quickly reverse if expectations of rate cuts fail to materialize.

Powell himself remained cautious, stressing that the Fed will adjust its policy only based on upcoming economic data. In the meantime, the crypto market is enjoying this window of optimism, with Ethereum and Solana leading a rally that could redefine short-term trends.

Digital euro on ethereum and solana?

The European Union has decided to reorient its digital euro project to counter the growing dominance of dollar-backed stablecoins. While the initial plan called for a private blockchain controlled by central banks, Brussels is now considering using public blockchains such as Ethereum or Solana.

This would represent a major strategic shift. Ethereum offers a proven ecosystem with smart contracts, DeFi, and strong interoperability, enabling the digital euro to integrate seamlessly into existing financial services. Solana, on the other hand, attracts attention with its technical performance: tens of thousands of transactions per second and extremely low fees.

For European institutions, the advantage is twofold. First, it would ensure faster international adoption by relying on standards already used by millions worldwide. Second, it would boost the competitiveness of the European monetary system against the dollar while supporting local innovation.

However, this direction raises major challenges. The full transparency of public blockchains sparks concerns about transaction privacy. Hybrid solutions are therefore being studied, with mechanisms to balance privacy and regulatory oversight.

The final decision is expected by the end of 2025. It could define the future of Europe’s monetary system and position the digital euro as a key player in global finance, directly embedded into the most popular decentralized infrastructures.

Pump.fun regains dominance

After losing ground to letsBONK.fun, Pump.fun has spectacularly reclaimed the top spot in the Solana memecoin world. The platform now captures nearly 80% of daily token launches, pushing its rival down to just 11% market share. This dominance holds across all timeframes: 73.6% over seven days and nearly 50% over a month, compared to less than 38% for letsBONK.fun. In just weeks, the balance of power has completely flipped, highlighting the volatility and speed of change in this sector.

Pump.fun’s comeback is also reflected in its revenues. After sinking below $204,000 per day, the platform rebounded strongly to nearly $1.85 million in a single day. While still below its $2.59 million peak in mid-August, this marks a significant recovery. By contrast, letsBONK.fun—which recently posted over $1 million in daily revenue—has collapsed to around $10,000, confirming its dramatic decline.

This resurgence is fueled by massive token buyback initiatives, designed to reassure traders and reaffirm ecosystem strength. Pump.fun has once again established itself as the go-to platform for rapid meme token creation, attracting most of the flow and creators. Yet in the memecoin universe, dominance is never guaranteed: a single viral moment can overturn the hierarchy overnight. For now, Pump.fun clearly has the upper hand and stands as the beating heart of a market as unstable as it is vibrant.

YZY coin and the Kanye West controversy

Kanye West, now known as Ye, is preparing to launch YZY Coin. The announcement was accompanied by a brief comment: “a lot of things are wrong,” suggesting a desire to challenge the status quo. The project is part of a broader strategy to fund artistic, spiritual, and community initiatives through digital technologies.

However, this foray into crypto is raising controversy. Several people close to Ye are suspected of manipulating YZY Coin’s price through insider trading practices. Transactions made before certain public announcements suggest orchestrated moves designed for financial gain. These revelations cast doubt on the authenticity of the announcement.

This dual-sided story—innovation on one hand, alleged abuse on the other—exposes the dangers of the lightly regulated crypto market, even when tied to influential artists. The ecosystem remains vulnerable to celebrity dynamics, where promises of a personal coin may conceal private financial interests.

For fans, YZY Coin appears to embody a disruptive vision, both cultural and financial. For observers, it highlights the risks of a still-immature sector—capable of inspiring, but also disappointing.