Plus: Job numbers gave the Fed more ammo

GM. We're serving your daily dose of juice - except instead of Vitamin C, it's Vitamin BTC.

Here's the ingredient list:

👛 Trust Wallet unlocked access to tokenized RWAs.

🗣️ The Fed's hosting a conference on payments innovation.

🍍 The reason why crypto bros are waiting for September 17.

🍋 The best crypto exchange in Australia, US Bancorp's bringing back crypto custody + more

📰 RWA tokenization news

We've already talked about RWA tokenization - what it is, why it's exploding this year, and which platforms got involved.

Catch up here if you missed that edition.

And today, distinguished dudes and divas, we've got some big new updates in that department.

Check it 👇

1/ Trust Wallet integrated RWAs

Trust Wallet became the first self-custody wallet to let you buy US stocks and ETFs as tokenized assets.

They're not doing this alone, tho'. Please welcome:

👉 Ondo Finance - aka the supplier 🤠

It's the DEX providing all those tokenized assets (starting on Ethereum, with Solana and BNB Chain support coming next).

👉 1inch - aka the middleman 😎

As a DEX aggregator, it hunts down the best prices and liquidity across different exchanges, so when you swap into RWAs, you're not getting ripped off.

And you know what makes this launch genuinely exciting?

It's all happening in a self-custody wallet. That means YOU control your private keys, and YOU own your tokens.

It's crypto doing what crypto does best.

2/ Regulators + tokenization = 🤝?

The US Fed announced they're hosting a payments innovation conference on October 21. Here's what's on the agenda:

👉 Fusion of TradFi and DeFi;

👉 Stablecoins;

👉 AI in payments;

👉 And, you guessed it - RWA tokenization.

Now, here's why this matters:

RWA tokenization is still considered pretty experimental in crypto.

But when the Fed starts discussing it in conversations about improving payment safety and efficiency, issa a sign.

Regulators are starting to see that tokenizing assets might actually improve how we issue, transfer, and settle financial instruments.

And we're here for all of it, tbh.

Updates like this are how mainstream adoption happens.

And mainstream adoption is how we get those sweet, sweet gainz 😋

🥝 Memecoin harvest

Today’s pumps brought to you by cope and community memes 😃👍

Data as of 04:25 AM EST.

Check out these memecoins and plenty more here.

🍍 Market flavor today

The crypto market's still just hanging 'round, consolidating - nothing wild happening.

But as we've already mentioned before, things could change on September 17, when the Fed's gonna decide whether they're going to cut interest rates.

And right now, it's looking pretty likely they will.

Reason: the job market keeps getting weaker.

👉 Hiring slowed → only 54K private sector jobs were added last month (way below what economists expected);

👉 Layoffs spiked → August layoffs increased almost 40% compared to last year - the worst August we've seen since 2020;

👉 More people are filing for unemployment → weekly jobless claims hit 237K (higher than expected).

(Tomorrow's jobs report will give us an even clearer picture of how rough things are getting.)

Now, if the Fed does cut rates, here's the domino effect: short-term interest rates drop, which makes the dollar less attractive to investors ('cause like, why hold dollars if they're not paying you much?).

So the dollar gets weaker.

At the same time, according to QCP Capital, investors want extra pay for holding long-term bonds because they're worried about future risks like inflation and government debt.

This combo - short-term rates down + long-term rates relatively high - tells markets: the Fed's easing, but the future still looks risky.

And it's actually good news for crypto:

👉 Weaker dollar = stronger alternatives.

When the dollar loses its shine, assets like Bitcoin and gold become more attractive in global investment portfolios.

👉 Inflation fears demand for "hedge" assets.

If inflation expectations rise, people want assets that hold their value when money starts losing its purchasing power.

Bitcoin increasingly fits that bill.

👉 Policy uncertainty = "outside the system" becomes appealing.

When people don't fully trust the government's ability to manage the economy, Bitcoin's whole "decentralized, no government control" thing starts looking pretty sexy.

Overall, the likely setup is rate cuts + weaker dollar + inflation worries.

That's basically the perfect storm for assets like gold and Bitcoin - things people buy when they want protection from a wobbly economy and don't completely trust traditional currencies.

And the institutions are already picking up on this, btw - Bitcoin ETFs had $633.3M in inflows just this week.

So, if you're wondering why crypto bros are getting excited about the next Fed meeting, this is why.

🍋 News drops you can't miss

🇦🇺 Not sure which crypto exchange works best in Australia? We've done the homework, so you can just pick and trade.

🏦 US Bancorp is bringing back its crypto custody service. It was initially paused because the SEC made banks hold extra capital for handling crypto.

🚫 World Liberty Financial, a DeFi project related to the Trump fam, blocked suspicious activity before launching their token. They blacklisted compromised wallets onchain.

⚠️ Hackers found a new way to sneak malware into Ethereum smart contracts. Instead of hosting bad links directly, the contracts pulled addresses from command-and-control servers to evade security scans.

📉 Crypto holdings in Australian Self-Managed Super Funds fell about 4% over the past year. That drop came even though Bitcoin's price increased ~60% in the same time.

🍌 Juicy memes