27th August 2025 > > Indications of interesting times ahead.

tl;dr

Happier days may be on their way for everyone, not just crypto enthusiasts. Naysayers either get stuck or they change their mind. I cannot bang on enough about LINK. An early indicator of altseason catches my attention.

Market Snap 

Market Wrap

In just the last two weeks we saw some choppy times, from the ATH of over $124k to yesterday’s low of below $109k. Leveraged children on both sides of the debate have lost a lot of money, whilst those with more firepower ride out the vol and feast on their remains.

Occasional series – Oh happy days!

It’s not just us that know this to be true, so do the central bankers themselves.

Convicted Criminal Christine Lagarde has been out over the weekend claiming all sorts of end-of-the-world apocalyptic events if we all stop pretending that central banks are independent. Well, they proved it themselves by embarking on a money-printing spree during the illegal and immoral over-reaction to Covid, in direct contravention of their mandate, and at the behest of their political masters.

The world will be a much better place when hapless bureaucrats stop manipulating interest rates. Just let the markets decide.

Curious Cryptos’ meme corner

Curious Cryptos’ Commentary – A naysayer, now a yaysayer

Curious Cryptos’ Commentary – LINK

We love a bit of LINK action here at CC Towers. We have commented innumerable times about how LINK is likely to be at the heart of the tokenisation revolution. If you haven’t got your head around LINK by now, that is not on me.

Bitwise has filed form S-1, the first step on what is likely to be a successful application to launch a spot LINK ETF. The CC Treasury has recently undergone a major rebalancing in favour of LINK at the expense of many smaller and more speculative alts, for the simple reason that I no longer believe we will ever see a broad-based altseason again. Quality alts that provide real-world solutions will attract most of the alt investment dollars away from memes, and the like.

I might be wrong of course. It will be fun finding out.

Curious Cryptos’ Commentary – Altseason

If there is to be an altseason, broad-based or just focussed on the quality alts, then history tells us that we need retail involvement on a grand scale. We have not seen the conditions for that of late. But perhaps that is changing, for just yesterday The Times ran not just one, but two articles about cryptos.

Financial Editor Patrick Hosking is always hostile to cryptos, though not quite to the same degree as Economics Editor Mehreen Khan whose world-view cannot countenance the freedoms and liberties bestowed upon us by cryptos. Having said that, Hosking’s article yesterday was a fair critique of a Coinbase advert linking crypto investments with buying a house.

However, his position as a naysayer is made clear by this comment:

“… those of us who see most crypto as a ruinous bubble that will sooner or later burst …”

That meme above accurately describes Hosking’s mindset. A mindset he will struggle to break free from.

The second article by Ian King is a more thoughtful piece that examines the reluctance of the UK’s political and bureaucratic elite to consider cryptos as anything more than just a pain in the ass. He argues that the UK, having built a solid reputation as a hub for fintech, is rapidly losing that advantage. The CCC has long railed against the UK’s lies about its embrace of cryptos ever since Rishi Sunak (remember him?) was at the Treasury. The UK has long lost first mover advantage, and deliberately so, a decision we will all come to regret.

…

If yesterday was a portent of times to come, cryptos will increasingly take up more bandwidth in traditional media outlets. That is one of the conditions necessary, though not sufficient, for the start of altseason.