🚨BREAKING! Trump SUES Jerome Powell? (Bullish CPI SKYROCKETS Altcoins!)
🎯 Summary
Podcast Episode Summary: 🚨BREAKING! Trump SUES Jerome Powell? (Bullish CPI SKYROCKETS Altcoins!)
This 64-minute episode of Discover Crypto on the Blockchain Basement provided a high-energy analysis of recent macroeconomic shifts, particularly the latest CPI data, and their immediate, explosive impact on the cryptocurrency market, focusing heavily on altcoin performance led by Chainlink (LINK) and XRP. A significant portion of the discussion centered on the escalating political drama involving former President Donald Trump and Federal Reserve Chair Jerome Powell.
1. Focus Area: The primary focus was the intersection of Macroeconomics (CPI data, Fed policy expectations) and Cryptocurrency Markets, with deep dives into specific altcoin performance (Chainlink, XRP, Solana) and the political/legal conflict between Donald Trump and Jerome Powell regarding Fed policy and building expenditures.
2. Key Technical Insights:
- Bitcoin Price Action: BTC failed to break out of a marked “sell block” resistance zone around $120,150 but bounced perfectly off the Volume Point of Control (POC) at $118.3k, indicating strong underlying support.
- Chainlink (LINK) Surge: LINK experienced significant bullish momentum, ripping from $19 to over $24, demonstrating strong excitement ahead of potential resistance near $30 and its all-time high zone near $50.
- Volume as a Leading Indicator: The host stressed the importance of on-chain volume, noting Chainlink’s nearly $2 billion in 24-hour volume, suggesting its market cap climb (currently 9th largest, eyeing Cardano) is supported by genuine activity, not just speculation.
3. Market/Investment Angle:
- Altcoin Season Confirmation: The bullish CPI data, interpreted as paving the way for Federal Reserve rate cuts, triggered an “up-only pump” across risk assets, with altcoins showing extreme excitement.
- Rate Cut Impact: The market is pricing in a high probability (92.2%) of a 25 basis point cut in September, with expectations for up to three cuts this year, which the host believes will send risk assets “absolutely insane.”
- Institutional Appetite for Alts: Discussion highlighted significant inflows into XRP and Solana futures ETFs ($1 billion total since launch) and massive daily inflows into Ethereum spot ETFs ($1 billion in one day), suggesting Wall Street’s growing appetite extends beyond just BTC/ETH.
4. Notable Companies/People:
- Donald Trump: Central figure due to his rumored intent to sue Jerome Powell over the Fed HQ renovation costs ($3 billion vs. $50 million estimate) and his ongoing criticism of Powell’s interest rate management.
- Jerome Powell: The target of Trump’s potential lawsuit and criticism for being “too late” on rate cuts and mismanaging Fed expenditures.
- Chainlink (LINK): Highlighted as a major winner of the morning’s market move, solidifying its position as the 9th largest crypto by market cap (excluding stablecoins).
- Circle/USDC: Reported strong Q2 2025 performance, with USDC in circulation hitting $61.3 billion, up 90% YoY, underscoring stablecoin ecosystem growth.
- Alameda Research: Mentioned as potentially distributing $35 million worth of long-staked Solana (SOL), which has appreciated 100x since being staked in 2020.
5. Regulatory/Policy Discussion:
- CPI Data Interpretation: The host argued that the official CPI data (2.7% headline) is skewed, as real-world inflation on necessities (gas, utilities) is much higher, suggesting the Fed is operating on flawed metrics.
- Trump vs. Powell Legal Battle: The potential lawsuit over the Fed HQ renovation is framed as a major legal clash, with market reaction anticipated to be an initial “dump” due to uncertainty, followed by a “rip.”
- DOJ Seizures: The DOJ seized $1 million in Bitcoin from a Russian ransomware gang, adding to the DOJ’s Bitcoin reserve.
- XRP Lawsuit Finalization: The SEC announced the resolution of its case against Ripple, which the host believes has already been largely priced in.
6. Future Implications: The conversation strongly suggests an impending “altcoin season” fueled by expected monetary easing (rate cuts). The political chaos surrounding Trump and Powell is viewed as entertaining but ultimately secondary to the market’s reaction to favorable inflation data. The continued institutional accumulation of Ethereum and the growing futures interest in XRP/SOL suggest a broadening base of institutional adoption for major altcoins.
7. Target Audience: Crypto Investors and Traders focused on mid-to-large-cap altcoins, particularly those interested in macroeconomic drivers (Fed policy, inflation data) and political developments impacting the financial markets.
🏢 Companies Mentioned
đź’¬ Key Insights
"There will be blood. Who do you think it'll be? Will it be Tron and the southeastern markets overtaken by the bullish outlook of Trump and a U.S. crypto takeover? Will it be Cardano, the lack of activity driving people to other locations, or are they going to hold and wait for the castle to be built... Or could it be XRP falling off the face of the earth and going to 50 cents once again?"
"I am of the opinion that Chainlink is going to end up being within the top 10 of all crypto, not just crypto excluding stablecoins."
"Chainlink hit a new all-time high in total value secured, reached $93 billion across hundreds of DeFi protocols."
"We might actually see Aerodrome roll out a launchpad. We might see Coinbase and Aerodrome roll out a launchpad that would be accessible on a Coinbase app."
"This is a $100 million market cap with longstanding partnerships, working experience with the U.S. government."
"This is something else that we're watching out. Stripe potential launch of its own token here, folks. Stripe, you know, would have the velocity if released as a token to breach into that, you know, mid-150 to number 30."