Frozen but the mood is a hike? The market's eyes are on September

Summary

The show reviews a week of macro and crypto events: renewed US-Iran clashes spike oil prices, the FOMC holds rates but turns hawkish with three dissenters and a rising probability of a September hike, long-end Treasury yields break 5.2%, and Bitcoin holds up. The hosts and Blockmedia editor-in-chief discuss altcoin Hyperliquid’s ETF outflows and recent anomaly, the Toncoin drop amid Telegram founder’s legal troubles, and Korea’s looming digital asset tax.

• US-Iran military strikes resume, boosting oil sharply but no investment call is made.
• The July FOMC decision held rates steady, but three voters dissented for a hike, and the FedWatch tool shows over 57% chance of a September increase.
• 30-year Treasury yields broke above 5.2%, the highest in 19 years, signaling tightening financial conditions.
• Bitcoin experienced only a mild dip, trading around $64,000 despite risk-off moves.
• Hyperliquid (HYPE) saw ETF outflows and a 30% price drop, but Grayscale sees undervaluation and some rebound may follow if flows stabilize.
• Toncoin (TON) collapsed more than 50% amid Pavel Durov’s indictment and international warrant by Russia.
• South Korea’s government reaffirmed plans to tax digital assets from next year, sparking criticism over inadequate infrastructure.