Aug 31 — Jackson Hole shock, Meta's $18B deal, and tokenized…

• Fed Chair Warsh's hawkish Jackson Hole speech pushed Bitcoin down 2.8% on Friday after it touched $80,265 Thursday — rate-cut repricing is hitting risk assets across the board. • Meta agreed to pay up to $18 billion over allegations of harm to young users — one of the largest tech settlements ever, raising the regulatory risk bar for the whole sector. • Coinbase launched tokenized versions of Apple, Nvidia, Meta, and Google stocks on its Base network — a direct challenge to traditional brokerage margins, with Interactive Brokers' 77% profit margin cited as the target.