All-Time High For Stablecoins, Altcoin Updates, and September Preview

from Collective Shift · host Collective Shift

Join Matt and Nick as they break down August’s market performance, stablecoin supply hitting all-time highs, and the market outlook for September. They also discuss certain altcoins updates including outages for the TON blockchain and MakerDAO’s rebrand.Key Takeaways August was a rough month for crypto—led by BTC (-8.7%), ETH (-22.3%) and SOL (-21.1%)—while major U.S. stock indices managed to record their fourth straight monthly gain.Seasonality indicates that it will be more of the same in September, given it has historically been one of BTC’s worst months.Stablecoin supply hit all-time highs, indicating increased demand to use blockchains.Among the altcoin updates covered: TON struggles with network performance and MakerDAO rebrands to Sky.

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This episode is 34 minutes long.

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This episode was published on September 4, 2024.

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