GM Brew Crew, it's Saturday morning, and Brewski is struggling after a long Friday, rubbing his eyes and begging for a liquid IV.

Lets Just Dive In, Shall we? ⬇️

On the menu today:

• 👀 U.S. FEDERAL RESERVE CHAIR DROPS NEWS

• 🤣 TRUMP’S NFT PRICE SPIKES AFTER MUGSHOT

• 🚫 DROPBOX ENDS ULIMITED STORAGE DUE TO CRYPTO MINERS

Today’s Charts:

👀 U.S. FEDERAL RESERVE CHAIR DROPS NEWS

U.S. Federal Reserve Chairman Jerome Powell delivered a keynote speech at the Kansas City Fed's Jackson Hole Symposium.

The speech aimed to provide insight into the future trajectory of the U.S. central bank's monetary policy. LOL, this should be good…

Powell emphasized that restrictive monetary policy will persist until inflation exhibits sustainable deceleration.

He affirmed the Federal Reserve's readiness to implement further rate increases if deemed appropriate, but with a cautious approach.

Increasing interest rates generally lead to greater costs associated with all forms of debt, while simultaneously generating elevated earnings for individuals who save money (instead of investing in stocks, bonds, real estate, CRYPTO).

🤣 TRUMP’S NFT PRICE SPIKES AFTER MUGSHOT

NFT's linked to Donald Trump experienced a surge in prices after the release of his mugshot in relation to a criminal case in Georgia.

The mugshot, depicting Trump's defiant expression upon surrendering at the Fulton County Sheriff’s Office, gained viral attention as it was the first mugshot of a former or current U.S. president facing legal charges.

Trump's NFT’s, which initially launched in December 2022, witnessed a floor price increase of over 62% on NFT marketplace OpenSea, rising from 0.138 to 0.224 Ether (ETH) on August 24.

As the crypto community got a hold of this news, they did what they know how to do best - they created some very solid memes and pumped Trump’s digital trading cards. Soooo classic.

🚫 DROPBOX ENDS UNLIMITED STORAGE DUE TO CRYPTO MINERS

The storage platform transitioned to a metered storage model after uncovering that certain users were exploiting its Advanced plan for activities like cryptocurrency mining.

In a blog post dated August 24th, Dropbox announced that its previously unlimited Advanced plan has been replaced by a metered storage plan.

New users of this plan will now receive 15 terabytes of storage, which seems to be sufficient for accommodating around 100 million documents.

The reason for the switch you ask?

“A growing number of customers were buying Advanced subscriptions not to run a business or organization, but instead for purposes like crypto and Chia mining.”

This move follows the steps of tech giants who have also gotten rid of their unlimited storage programs this year.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.