I hear if your building @MonkeDAO is the place to be.
Feel's good to be buying NFTs again.
Will most likely end up in the Ampz treasury SAFU for life. 🐵🍌
Top Overnight News
Fed officials are reportedly readying to quietly pull back from the signature Flexible Average Inflation Targeting (FAIT) policy innovation announced five years ago in which they focused on the risks brought on by near-zero interest rates and low prices, with officials to abandon that approach as it is now seen as no longer relevant given the backdrop of high and more volatile inflation. According to Nick "Nikileaks" Timiraos noted that Powell is expected to unveil the shift at Jackson Hole on Friday, although changes won’t impact near-term policy decisions and are instead part of the framework the Fed uses to interpret its mandate inflation and employment mandates: WSJ
Nvidia asked suppliers Samsung and Amkor to stop production related to its H20 AI chip after Beijing urged local firms to avoid using it, The Information reported. CEO Jensen Huang reiterated the processor has no security backdoors. Nvidia shares fell premarket (NVDA -110bps). BBG
The Trump-Putin Alaska summit followed by the visit of European leaders at the White House were supposed to jump-start momentum to end the Russia-Ukraine war. A week later we are back at the same old stand, as Vladimir Putin is playing familiar tricks and showing no serious interest in a deal. The question is what President Trump will do about it. WSJ
Elon Musk unsuccessfully tried to enlist Mark Zuckerberg in his unsolicited bid for OpenAI this year. BBG
Trump said the US is leading the AI race and that AI is the hottest thing in decades.
Trump's administration reportedly considers a plan to reallocate USD 2bln in CHIPS Act funding for critical minerals and aims to give Commerce Secretary Lutnick greater oversight of minerals financing decisions, according to Reuters citing sources.
Rubio said the US is pausing all issuances of worker visas for commercial truck drivers with immediate effect. It was separately reported that President Trump's administration said it is reviewing all 55mln people with US visas for potential deportable violations, according to AP.
Austan Goolsbee called the recent spike in services inflation “dangerous,” but hopes it proves a blip. He also said the September meeting will be “live.” Susan Collins told the WSJ a rate cut may be appropriate if labor market weakness outweighs inflation risks. BBG
The US won’t demand equity stakes from chipmakers including TSMC and Micron, which are expanding in the US, a person familiar said. BBG
Euro-zone negotiated wages jumped 4% from a year ago, the ECB said, supporting its caution on further reducing interest rates. BBG
Japan’s national CPI for Jul came in at +3.1% headline (down from +3.3% in June and inline w/the Street) while the core number (ex-food and energy) was flat at +3.4% (also inline w/the Street) BBG
Germany’s economic output shrank by more than initially estimated in the second quarter, with industry faring worse than expected as U.S. tariffs hurt exports. Germany’s final Q2 GDP report is revised lower from the preliminary reading (now -0.3% vs. the prior -0.1%). WSJ
Fed's Collins (2025 voter) signalled an openness for a rate cut as soon as next month amid labor market concerns and flagged that higher tariffs might squeeze consumers’ purchasing power, which could weaken spending. Furthermore, Collins said she expects inflation to continue rising through the end of the year before resuming a decline in 2026, according to a Wall Street Journal article that noted divisions grow inside the Fed ahead of the September rate cut decision and cited Fed's Hammack (2026 voter) opposing cuts due to rising inflation.
Fed's Goolsbee (2025 voter) said the September FOMC meeting is a live meeting and the Fed has been getting mixed messages on the economy, while he added that the most recent inflation data wasn't great and the Fed still has time to take in more data. Goolsbee responded he doesn't want to get his hands tied, when asked about a September rate cut, as well as commented that a rise in services inflation is a dangerous data point and reacting to a stagflation shock is very difficult. Furthermore, he said central bank independence is critically important, and that tariff increases don't seem close to being done and risk persistent inflation.
Seems like all it takes is one NFT mint to hit a 30-40 SOL floor price.
And the madness of daily mints and grinding for WL will be back.
Feels like we’re ready for it again
It's no secret that this year was not a good one for NFTs. Being a predominantly NFT service-based business, we were absolutely crushed. We knew we needed to get into tokens, but NFT projects entering tokens back then was brutal—people forgot about NFTs for MONTHS.
We had one benefit on our side: we had a team of absolute grinders who showed up every day for years and proved that we can deliver with little to no funds with our derugs.
Going from being overlooked in a forgotten corner of the crypto we dedicated years to, to leading a key product for the largest token on Solana and collaborating with some of the biggest protocols in the space, shows that grit and determination and giving your all truly pay's off. The tough times are simply gateways to greater opportunities.
The launches we have lined up are looking so stacked, and looking back to when we were thinking internally of "how we could enter the token space" 7 months ago to where we managed to get to today is a blessing.
2025 is looking bright for @TaiyoRobotics, @GraphiteProto, @bonk_inu/@LiveBonk.
#LetsBONK
Gen 2s, check your wallet for a surprise!
Thank you @WEAREM3M3_ for the early Christmas present 🎁
Shout out to @MeteoraAG for the smooth launch of the new M3M3 protocol
Return to Monke 🍌
Honestly haven’t had time to learn all this meme coin stuff.
‘In the trenches’ to us is ensuring our businesses succeed so we don’t need to pivot to every fad that comes along.
What’s the ticker though? 🤣
Building is easy wif Matrica
And our newest enterprise partners have been cooking up for the ecosystem 🧑🍳
Take a look at the next wave of Solana builders supercharging their platforms with Matrica Connect 👇