Crypto Compass by BitcoinWalletSG #135

📈 Wall Street Rallies on Powell’s Dovish Signal

US stocks jumped over 1% on Friday, with the Dow hitting fresh record highs, after Fed Chair Jerome Powell hinted at a possible September rate cut during his Jackson Hole remarks. Traders are now pricing in close to a 90% chance of easing next month, boosting sentiment across equities and risk assets.

💰 Strategy scoops up $357M in Bitcoin despite price drop

Strategy bought 3,081 BTC worth about $357M last week at an average price of $115.8K, increasing its total holdings to 632,457 BTC. Despite the massive purchase, Bitcoin slipped to $112K, showing weak short-term momentum but continued institutional accumulation.

🔻 Bitcoin sinks below $110K as risk sentiment weakens

Bitcoin fell below the $110K level for the first time in weeks as risk-off flows hit global markets. The drop followed renewed macro uncertainty, with traders reducing exposure ahead of key U.S. economic data and the upcoming September FOMC meeting.

🏦 Pantera targets $1.25B Solana treasury vehicle

Pantera Capital is pursuing a $1.25 billion raise to convert a Nasdaq‑listed company into “Solana Co.”, a public treasury vehicle that would amass Solana (SOL) as its core asset, potentially outstripping all other public SOL holdings combined, and marking a significant institutional push into the Solana ecosystem.