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FOMC day is here...

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

Plus: JPMorgan credit cards coming to Coinbase

Welcome

GM. We peeled back the markets and found vibes, memes, and potassium.

Let’s split that mix open:

🍍 FOMC day + the state of Bitcoin.

🤝 Coinbase x JPMorgan partnership.

🍋 The bigger picture of crypto, crypto cases unfolding + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.86T -0.91% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $117,087.60 -0.49% -0.87%
Ethereum Ethereum ETH $3,745.15 -1.52% 3.64%
XRP XRP XRP $3.07 -1.35% -6.69%
BNB BNB BNB $779.30 -3.47% -0.91%
Solana Solana SOL $176.92 -2.42% -7.19%
Prices as of 09:00 AM EST. Click here to see live data.

Happy FOMC day to those who celebrate!

Today’s the day the US Fed drops its decision on interest rates - and it’s happening soon, at 2 PM ET.

Unfortunately, we won’t be around when the news hits… and unfortunately x2, we’re off for the rest of the week too. The juicer’s taking a break 😮‍💨

Crypto vacation meme

Source: @Decu0x

But you should definitely keep an eye on the headlines later today, because whatever the Fed decides and Chair Jerome Powell says afterward in the press conference might move the markets.

👉 If they cut rates, markets might rally. Lower rates = cheaper borrowing = more money sloshing around = risk assets like crypto get some love.

👉 If they hike, that’s usually bearish. Higher rates = tighter liquidity = less risk-taking.

👉 If they keep rates unchanged (which most people expect), that could be a mild positive. Because when the outcome is predictable, uncertainty decreases, and markets like that.

Target rate probabilities chart, 07-30

Source: CME FedWatch

That said, even if the decision is exactly what everyone expects, this will only clear up one layer of uncertainty.

What comes next depends on Powell’s tone in the press conference.

If he hints that rate cuts are far off or sounds more worried about inflation, that could bring volatility into the picture.

Unfortunately x3.

Jerome Powell dovish meme

Source: @TheCryptoLark

And Bitcoin's in a spot where any surprise could really change things.

According to Bitcoin Vector, while the overall structure still leans bullish, prices haven’t broken down, and the setup looks good - it’s lacking momentum.

In other words, there aren't enough buyers to push the price through.

So, what's next?

👉 If BTC can break above $120.5K, that would likely confirm another leg up;

👉 However, if it drops, $112.5K is the next big support level - a price where buyers might show up and stop the fall. If it breaks below that level, things might get uglier.

Meme about $118K Bitcoin two weeks ago vs. today

Source: @CryptoTea_

Overall, Bitcoin's current state is like that moment when you text someone you like and you don't get a reply for 12 minutes.

Are they busy? Did they just ghost you? Are they typing a long, thoughtful message? You don’t know.

That’s the vibe: not crashing, not pumping, just hanging out, waiting.

It needs a reason to make a move, and today’s Fed news might be the thing that finally pushes it one way or the other.

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🏇 Train. Race. Win. Repeat

07-25 Mission image: Owners Club

Did you wake up this morning thinking, "Man, I need a digital horse"?

... No?

Well, you're about to.

The new BitDegree Mission introduces you to Owners Club - a racing game where you train, race, and level up AI-powered NFT horses to compete for real rewards.

It's the first game from the Invincible GG universe - aka the new home of competitive, skill-based, play-to-earn gaming.

Finish the Mission by August 24, learn a thing or two, and chase a prize pool juicier than a watermelon in July:

🎁 2,500 Bits;

🎁 100 USDC;

🎁 20 NFT bundles each worth up to $600.

Saddle up, coach. These horses aren't gonna train themselves 🐎

Start Mission

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🥝 Memecoin harvest

Nothing makes sense, but these tokens are pumping anyway 🤔

Data as of 04:50 AM EST.

Check out these memecoins and plenty more here.

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🤝 Coinbase x JPMorgan

If you’ve been reading the Daily Squeeze - or, matter of fact, if you’ve been anywhere near crypto lately - you've noticed that the gap between TradFi and crypto has shrunk.

(I love this word btw. Sounds like the past tense of Shrek. Carry on.)

And today, it got even smaller.

Coinbase and JPMorgan Chase are partnering up to make it easier for Chase’s 80+ million customers to access crypto.

FOMC day is here...

Here's what's coming:

1/ Chase credit cards on Coinbase

Soon, Chase users will be able to fund their Coinbase accounts directly with their credit cards.

2/ Chase reward points → USDC

Starting in 2026, Chase Ultimate Rewards - points you’d usually redeem for something like travel or gift cards - will also be redeemable for USDC, a stablecoin.

This is the first time a major credit card program lets users swap points for crypto.

Big deal.

3/ Direct Chase bank integration

You’ll be able to link your Chase bank account straight to Coinbase.

That means buying crypto or transferring money gets way smoother - no need for third-party apps or delays.

Joe from Friends nice meme

But not everyone's poppin' champagne over this.

ETF analyst Eric Balchunas raised a fair point: if all you want is Bitcoin exposure, you might be better off with a good ol’ ETF.

They typically charge under 0.1% per year, while retail platforms like Coinbase can have higher fees - sometimes around 1.4% per trade.

"Oh..? So why should I care about the partnership, then?" - You, maybe.

Well, ETFs give you exposure, but Coinbase gives you actual crypto.

That means you can actually use it: stake it, send it, swap it, bop it, pull it, twist it.

One small step for crypto, one giant leap for normies finally buying the dip.

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🍋 News drops you can't miss

📊 Prices tell part of the story - the rest is here. Get the big-picture view of where the market’s really at.

⚖️ Keonne Rodriguez and William Hill, the guys who created Samourai Wallet, are now planning to plead guilty. Back in April 2024, they were still saying they hadn’t done anything wrong.

⛓️ Rowland Marcus Andrade, the guy behind a crypto project called AML Bitcoin, got hit with a 7-year prison sentence. He misled investors and didn’t exactly spend their money the way he was supposed to.

🇰🇷 The Bank of Korea is creating a new team to watch the crypto market and help with rule-making. They’ll also work with the government on new laws for stablecoins and digital assets.

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🍌 Juicy memes

Meme about NFT holders in 2021

Source: @alancaroII

Meme about my Bitcoin wallet vs. bank account

Source: @CryptoTea_

Meme about hitting my friends with Bitcoin

Source: @CryptoTea_

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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