BTC stuck around $113K: the market paused ahead of Powell’s Jackson Hole speech
Most of the week, Bitcoin held a $112–114K range, biding time before Jerome Powell’s Friday appearance at Jackson Hole. Investors are parsing every nuance on rates and hints at updating the Fed’s monetary policy framework (adopted in 2020 and, according to the press, now up for revision — including the stance on letting inflation “run hot” above 2%). Global equity indices are cautious too — sensitivity to macro data is elevated. Bottom line: the market is restrained, with the focus on Powell’s upcoming remarks.
UPD: Bitcoin rose 2% in 10 minutes, surpassing $115K. The jump came as the Fed Chair began his speech at the Jackson Hole symposium.
After the 51% attack, the Monero community is discussing possible defenses
In mid-August, the Qubic project claimed control over a substantial share of Monero’s hashrate. That led to a rare six-block reorg and prompted exchanges like Kraken to temporarily pause XMR deposits (trading and withdrawals remained available). Analysts stress, however, that sustained “51% control” hasn’t been proven — a six-block reorg by itself doesn’t equal a full-blown attack. The community is weighing stronger block finality and additional hardening measures: “detective mining” at the pool level, ChainLocks-style mechanisms, ideas for merge-mining, and more distributed placement of hardware. In short, the network is treating this as a stress test and calmly choosing what to reinforce next.
In addition, Kraken announced it will delist XMR for customers in Canada: deposits are already paused, and starting September 2, 2025, trading for Canadian clients will be disabled; withdrawals will remain available.
Coinbase, Binance, Kraken, PayPal, and Ripple launch the Beacon Network to halt suspicious withdrawals in real time
TRM Labs introduced the Beacon Network — a coordination system where major exchanges and payment companies share labels for suspicious addresses in real time. If funds have a “questionable history,” the signal quickly propagates across participants and withdrawals can be politely paused for review. For regular users it’s a largely invisible safety layer; for the industry it means tighter coordination and fewer long-tail incidents.
MetaMask adds native TRON support
ConsenSys confirmed that MetaMask will get native TRON support — following the recent addition of Solana. This means fewer manual settings and more direct access to an ecosystem where a significant share of activity runs on USDT. The rollout is phased, with details to be shared as they’re ready. The logic is simple: a familiar wallet, more networks, less friction.
Kanye West’s $YZY fell 75% within 24 hours of launch
The new $YZY memecoin on Solana launched with a bang — market cap spiked toward $3B within minutes. Just as quickly, it slid 66–75% as the community debated “early” wallets, profit-taking, and trust in the launch. “Fake” Kanye-themed tokens that circulated before the official announcement added to the noise: after the contract linked to Ye went live, those fakes fell as expected. The case is a reminder: the speed of hype and the speed of cool-down tend to travel side by side.
Weekly takeaway: the market is in wait-and-see mode for the monetary signal; privacy coins got a real-world decentralization stress test; infrastructure is becoming stricter on risk yet kinder to users; and speculative tokens gently reminded us that not everything that glitters is gold.
