The presenter discusses market data, mentioning a core CPI of 0.2% month-over-month and 2.7% year-over-year, below the consensus of 2.8%. The CME is seeing some downward movement to $18,630. The presenter sees Bitcoin trading at $19,026, and ETH seeing a pump, attributing it to CPI data expectations of 2%, actually coming to 2.7%. This data suggests that there is a 82.5% chance of rate cuts in September, leading to altcoin season in Q4. Tezos has pumped 9.5% and Chainlink 4.6% within the past hour, and IMX is up 4.3%. Ethereum is at $4,361. The presenter believes that Ethereum could come to the $8k range, and is long on Chainlink and Litecoin. He expects rate cuts that would lead to all coins season in Q4, peaking Q1 of 2026. There is CME gap at $117,425. The presenter sees potential for bitcoin to move towards $130,000-140,000 range in September. There is potential for Ethereum increase and a breakout. Ethereum could go all the way up to $8,000.