President Trump says the U.S. has secured majority control of more than 65 BILLION barrels of proven Venezuelan oil reserves through a partnership with private business.
🔥 65B+ barrels of proven reserves 💰 Nearly $100B potential private investment 🇺🇸 U.S. gets 55% effective output under reported deal terms 🇻🇪 Venezuela could receive $209B+ in taxes ⛽ Trump says the deal will help lower U.S. gas prices
Trump called it “THE BIGGEST OIL DEAL IN WORLD HISTORY.”
⚠️ Important: The full agreement has not been publicly released, so several structural details remain unclear.
The new assets are expected to become available for buying & selling in the coming months. Schwab Crypto already offers direct Bitcoin & Ethereum trading, following its rollout to clients in May 2026.
🔥 Why this matters: A major traditional brokerage is expanding its direct crypto offering beyond BTC & ETH — potentially giving millions of Schwab clients easier access to SOL, AVAX and LINK.
The big question: 👉 Will this bring a new wave of institutional & retail liquidity into these three assets?
Bitcoin has broken down from the rising wedge pattern with significant volume and is currently trading below the 100MA, which is acting as a resistance barrier.
A sustained hold below the 100MA could lead to further downside in the market. On the other hand, a breakout above the 100MA could trigger a retest of the wedge breakdown level. Keep a close eye on the further price action. #TRUMP #BTC☀ $BTC $AAPL.US
FED CHAIR WARSH: INFLATION PROGRESS IS STILL TOO LIMITED🗽
Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote on August 28 — and his message was clear: the inflation fight is far from over.
📉 Key takeaways:
• 🇺🇸 U.S. inflation remains above the Fed’s 2% target • ⚠️ Warsh said progress over the past two years has been modest • 🎯 The Fed needs confidence that inflation is moving toward 2% clearly and fast enough • 🔥 If that confidence isn't there, “we have work to do” • 📈 His comments increased expectations that rate hikes could return if inflation stays elevated • 💵 Markets reacted with a stronger dollar and higher rate-hike expectations.
The biggest message for markets: Warsh is putting price stability back at the center of Fed policy — and traders are now watching the upcoming inflation data even more closely.
🔥 Could September bring a Fed rate hike? The inflation data may decide everything.