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Former Fed Vice Chair Roger W. Ferguson expects rate cuts in September due to slowing inflation and weak consumer sentiment. This could boost investments in Bitcoin and risky assets ahead of the U.S. elections. #Update #FinanceNews
Bitcoin (BTC) has surged past $70,000, with PlanB predicting $150,000 by the end of 2024. Spot Bitcoin ETFs see major inflows, and volatility is expected with upcoming US elections. Former President Trump suggests Bitcoin may outpace silver and gold in market cap.
President Biden proposed Supreme Court reforms: term limits, a binding ethics code, and a constitutional amendment, “No One Is Above the Law,” to challenge presidential immunity. This aims to restore trust and address recent controversies involving Justices Thomas and Alito.
A Bitcoin holder moved 37 BTC worth $2.5M after 11 years, coinciding with surging prices and spot Bitcoin ETF approvals. This transfer highlights dormant whales resurfacing for profits amidst increased global adoption and upcoming U.S. elections. #Bitcoin #Update
The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse, totaling 3.484M tokens. This follows Taiko’s mainnet launch, which Vitalik Buterin praised for its potential impact on the Ethereum ecosystem. TAIKO tokens now trade at $2.57, with a $162.3M market cap.
Ethereum ETFs saw $2.2B inflows from the new spot ETF, the highest since Dec 2020. Despite Grayscale’s $1.5B outflows, Ether ETP trading volumes surged 542%. Ethereum’s price rose 4.8% to nearly $3,400, with total ETF assets at $99.1B. #Update
Coinbase-backed Ondo Finance’s ONDO token surged 8% to $1.04 after its listing on OKX. Trading starts July 29 with deposits opening an hour earlier. Futures open interest jumped 10.52% to $146.88M, signaling increased market confidence. #CryptoNews
Binance updates collateral ratios for PEPE, BONK, and BANANA, effective July 30, 2024. PEPE’s ratio rises to 75%, while BONK and NEAR also hit 75%. BANANA and BB jump to 50%. Changes aim to enhance trading security and reduce liquidation risks.
XRP News: Pro-XRP lawyer John Deaton challenges Kamala Harris to demand SEC Chair Gary Gensler’s resignation, citing his harmful regulation-by-enforcement approach. XRP price rises to $0.608 amid renewed sentiment. This move could reshape crypto regulation and restore investor confidence.
Former SEC lawyer Marc Fagel discussed how new SEC leadership might impact ongoing crypto lawsuits like Ripple. He noted that while current enforcement actions remain unaffected, future priorities could shift, easing outcomes for Ripple, Binance, and Coinbase.
BlackRock warns of rising crypto scams after launching its Spot Ethereum ETF on July 23. Scammers impersonate the firm on social media and messaging apps, using sophisticated tactics like phishing and fake documentation to deceive investors. #CryptoScams #Update
Bitcoin critic Peter Schiff argues that using BTC to repay the US National Debt is misguided and inflationary. He also challenges the “never sell your Bitcoin” mantra, claiming it traps investors in poverty. Schiff warns against Senator Lummis’ $70 billion Bitcoin proposal, citing financial instability risks.
Bitcoin is up nearly 15% this month, nearing $70,000. Investors anticipate a 25 bps Fed rate cut in September. Solana’s SOL surges to $192. Stay tuned for updates on macro factors and market movements. #CryptoNews
Crypto markets are tense with the FOMC interest-rate decision, Fed Chair Powell’s speech, and US job data releases. Investors expect stable policy rates but anticipate three cuts in 2024. July job data, expected Aug 2, is crucial. SEC’s approval of US Spot Ethereum ETF boosts market. #Update
