# Employment Shock Drop

URL: /show/this-week-in-bitcoin/24/
> US employment fell by 818,000 jobs in the latest Government revision. I'll break down the report and what it means for Bitcoin. Plus, a batch of news, Bitcoin basics, and more.

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 24
- Date: 2024-08-21
- Hosts: chris
- Duration: 00:57:57
- Audio: https://op3.dev/e/serve.podhome.fm/episode/f01a19c0-6f9d-4aef-9515-08dc15242149/63859878681582155886fad73e-7543-44c0-88c5-3db439e16679v1.mp3





### Episode Links

**Affiliate Links:**

* [Buy Sats on River](https://river.com/signup?r=3CT4V56E)
* [The Bitcoin Company](https://app.thebitcoincompany.com/signup?ref=JUPITER)

**News Links**

* [The Bitcoin Office (@bitcoinofficesv): "🇸🇻EL SALVADOR CONTINUES TO TRAILBLAZE! El Salvador will soon begin providing #Bitcoin instruction and certification to 80,000 public servants." | X Cancelled](https://xcancel.com/bitcoinofficesv/status/1825999325056704903)
* [Illicit Finance - National Crime Agency](https://www.nationalcrimeagency.gov.uk/threats/nsa-illicit-finance-2024?ref=therage.co)
* [German Authorities Seize $279,000 in Bitcoin ATM Crackdown - Decrypt](https://decrypt.co/245768/german-authorities-seize-279000-in-bitcoin-atm-crackdown)
* [Nonfarm payroll growth revised down by 818,000, Labor Department says](https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html)
* [Nonfarm payroll growth revised down by 818,000, Labor Department says](https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html)
* [Fed's Powell Confronts Policy Crossroads With All Eyes on Jackson Hole - Bloomberg](https://www.bloomberg.com/news/articles/2024-08-21/powell-confronts-policy-crossroads-with-all-eyes-on-jackson-hole?embedded-checkout=true)
* [Powell may use Jackson Hole speech to hint interest rate cuts | AP News](https://apnews.com/article/interest-rates-prices-inflation-federal-reserve-economy-7e581f4da9c0c228c997ea8eb361e7ca)
* [Watch Live: Fed Chair Jerome Powell at Jackson Hole | WSJ - YouTube](https://www.youtube.com/watch?v=E3LSNYmIniw)
* [Bitcoin ETFs Record 14% Increase in Institutional Investors' Adoption | Coinspeaker](https://www.coinspeaker.com/bitcoin-etf-surge-institutional-investors/)
* [Why Wall Street Is Investing in Bitcoin ETFs: A Q2 2024 Analysis](https://www.kavout.com/market-lens/why-wall-street-is-investing-in-bitcoin-etfs-a-q2-2024-analysis)
* [Grayscale’s Share of Bitcoin ETF Market Falls Below 25% as Rivals Rise - Decrypt](https://decrypt.co/245517/grayscales-share-of-bitcoin-etf-market-falls-below-25-as-rivals-rise)
* [Institutions Increased Their Bitcoin (BTC) ETF Allocation in Second Quarter, Bitwise Says](https://www.coindesk.com/markets/2024/08/21/institutions-are-still-buying-bitcoin-etfs-bitwise-says/)
* [Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days](https://cointelegraph.com/news/spot-bitcoin-etfs-maintain-positive-flows-for-8-out-of-the-last-10-days)
* [vitalik.eth on X: "I have been told that I need to "do less philosophizing and do more ethereum bullposting".](https://x.com/VitalikButerin/status/1826253901240431083)

**Noobie Corner Links**

* [The Lightning Network, Explained. Bitcoin has a frequently cited… | by Blockchain.com | @blockchain | Medium](https://medium.com/blockchain/the-lightning-network-explained-f3982356f87e)
* [Bisq - A decentralized bitcoin exchange network](https://bisq.network/)
* [Learn RoboSats](https://learn.robosats.com/)

**Project Updates**

* [Fountain 1.1 - Open Social Podcasting Powered by Nostr](https://blog.fountain.fm/p/1-1)
* [Release v0.9.0-rc1 · ZeusLN/zeus](https://github.com/ZeusLN/zeus/releases/tag/v0.9.0-rc1)
* [Anatomy of Bitcoin](https://anatomyofbitcoin.com/)

**Music**

* [Swamp Thing by Abel James](https://podcastindex.org/podcast/6941864?episode=24028325476)