Happy Friday!

Crypto is a big deal, according to President Trump. He repeated his mantra that the US needs to lead in crypto, so China can’t. What else did the President have to say?

The Fed has been more unpredictable than usual recently and the latest macro data may accelerate the trend. What do prediction markets say about the Fed’s next move?

Plus, tech bounced off its late-July lows, but does it have legs or is it just oversold? Market expert Matt Maley goes live to map it all out this Sunday at 12 PM ET.

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TOP STORY

Trump Says 'Crypto Is A Big Deal, People Are Paying With Bitcoin'

President Donald Trump called crypto "a big deal" in a Punchbowl News interview, saying people are increasingly paying with Bitcoin without thinking about cash.

"If we don't have it, China's going to have it," Trump said.

Bitcoin adoption is happening organically at the consumer level and takes pressure off the dollar, but while he doesn't personally run his crypto holdings, he doesn't discuss them with his children, and wouldn't mind a blind trust arrangement.

What else did Trump say?

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Does This Bounce Have Legs?

Tech bounced off its late-July lows, but does it have legs or is it just oversold? A new Fed Chair is hinting at a September hike and Aug-Oct is historically rough. Matt Maley goes live Sunday at 12:00 PM ET to map it.

MARKET MINUTES

Bitcoin floats around $65,000 and it looks like the bottom is in. Or is it? If history’s the judge, there is one final leg lower still to come, this analyst says.

The CLARITY Act has been shelved for good, at least until September. But for Bitcoin, that’s not really an issue, experts say — here’s why.

Tom Lee stated that it’s just a matter of time until Bitcoin and Ethereum sync up with their strengthening fundamentals. How can he stay so bullish all the time?

FINTECH FOCUS

U.S. Economy Loses 23,000 Jobs, Gold Jumps 3%: What Do Prediction Markets Say About Rate Hikes?

Gold futures surged roughly 3% to near $4,400 Friday after the U.S. economy lost 23,000 jobs in July — a shock miss against expectations for an 83,000 gain that cratered bets on another Fed rate hike.

The unemployment rate fell to 4.1% only because fewer people were looking for work, not because more found it.

Fed hike bets crumbled fast, with Polymarket slashing September odds from 48% to 34% and futures dropping from 57% to 43.9%.

Where does that leave the markets?

BENZINGA TRIVIA CHALLENGE

It's Friday, which means this is your final opportunity to boost your score with today's quiz, and you can still catch up on any quizzes you missed this week.

Compete for awesome prizes, including Benzinga PRO (a $500 value) and Benzinga EDGE subscriptions. Put your market knowledge to the test with today's 30-second trivia challenge.

Missed yesterday's quiz? Catch up here. The more daily quizzes you complete, the better your chances of landing a top spot. Remember, it only takes one great score to win.

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