Bitcoin holds $116K as Powell’s rate cut signal, Philippines’ 10K BTC reserve plan, and Taiwan’s crackdown fuel optimism for a breakout toward $130K.

Federal Reserve Chair Jerome Powell on Friday used his Jackson Hole speech to acknowledge rising risks to U.S. employment, signaling the central bank may be preparing to shift its policy stance. What Happened: His remarks marked the clearest indication yet that future rate cuts are possible if labor market weakness deepens.

On today's episode of CNBC Crypto World, crypto prices and stocks rise after Fed Chair Jerome Powell signaled a possible rate cut ahead during a speech in Jackson Hole, Wyoming. Plus, speaking at the Wyoming Blockchain Symposium,