GM Brew Crew, you know that feeling when you walk into the office on a Friday morning? Deep house music running through your head - shoulder twitching a little - feeling a nice natural buzz. I bet you get that same feeling after this read.

Let’s dive in ⬇️

On the menu today:

• 🫣 CRYPTO TRADING VOLUME HITS A LOW

• 😏 JPMORGAN IS EXPLORING THE BLOCKCHAIN

• 🤯 TURKISH CRYPTO FOUNDER FACES 11,196 YEAR PRISON SENTENCE

Today’s Charts:

🫣 CRYPTO TRADING VOLUME HITS A LOW

In August, the aggregate trading volume for both crypto spot and derivatives markets decreased by 11.5%, amounting to $2.09 trillion.

Spot trading volume on centralized exchanges dipped for the second consecutive month, declining by 7.78% to $475 billion, marking the lowest level since March 2019.

Derivatives trading also saw a decrease of over 12%, totaling $1.62 trillion, which is the second-lowest since 2021.

This effected major exchanges such as Binance, who experienced a decline in market share in both spot and derivatives markets ⬇️

• Spot market share dropped to 38.5%, the lowest since August 2022

• Derivatives market share fell to 53.5%, the weakest since June 2022

We are at a wild time in the crypto cycle and the bear market has taken its toll on everyone - now is the time to focus and build your strategy while the crickets chirp. 🧠

😏 JPMORGAN IS EXPLORING THE BLOCKCHAIN