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Bitcoin's price saw a slight uptick following the US CPI release, showing 2.8% inflation in July. Analysts now expect a Fed rate cut in September, keeping markets on edge.
Ethereum’s supply squeeze, fueled by corporate accumulation, whale activity, and record staking, is setting the stage for a potential rally toward $7,000. Analysts highlight $4,400 as the key breakout point for short-term momentum.
Share link:In this post: Ethereum developer Federico Carrone was detained for hours in Turkey over alleged misuse of Ethereum. The accusation is likely connected to privacy protocols and Carrone’s research on the subject. Despite crypto adoption, privacy and self-custody tools continue to face legal uncertainty and risks.
Share link:In this post: • A7A5 allows holders of Russian bank cards to buy stablecoins. • Option available only to Russian citizens, clients of sanctioned bank PSB. • Traders can also sell the tokens and receive Russian rubles in their card accounts.
Share link:In this post: Ola Källenius, CEO of Mercedes-Benz, has publicly criticized the European Union’s plan to ban CO2-emitting vehicles by 2035. Källenius argues that the transition to electric vehicles must be balanced with the realities of supply chain capabilities and consumer needs. The Trump administration released updated guidelines for a $5 billion program expanding electric vehicle (EV) charging infrastructure across the United States.
Share link:In this post: General Motors (GM) is shifting its driverless car strategy from robotaxis to personally owned autonomous vehicles. Former Tesla Autopilot chief Sterling Anderson will lead the renewed self-driving push. GM plans to rehire Cruise veterans and bring in new talent to accelerate development.
Share link:In this post: MARA will buy 64% of EDF’s Exaion for $168 million. The deal moves MARA from Bitcoin mining into AI data centers. MARA will focus on running AI models instead of training them.
LDO’s 67% rally faces a reality check as euphoria peaks, risking a pullback if buyer fatigue sets in.
- 08:07Strategist: Lowered Fed Rate Cut Expectations and Profit-Taking Drive Continued Bitcoin CorrectionAccording to Jinse Finance, Bitcoin has seen a slight rebound but remains at a low level overall, after briefly dropping to a two-and-a-half-week low the previous night. Joel Kruger, a strategist at LMAX Group, stated in a report that Bitcoin has been in a “correction mode” since hitting an all-time high last week. He pointed out that this is mainly due to higher-than-expected U.S. wholesale inflation data, which has dampened market expectations for a Federal Reserve rate cut. Kruger also mentioned that part of the sell-off may be related to short-term accounts taking profits, and it could also be linked to recent comments from the U.S. Treasury Secretary—namely, that the country’s strategic Bitcoin reserves will not be expanded through additional purchases.
- 07:54Fed Meeting Minutes to Reveal Internal Divisions, Set for Release at 2 AM TonightAccording to ChainCatcher, citing Jinshi News, the minutes of the Federal Reserve's monetary policy meeting will be released tonight at 2 a.m. Amid ongoing political pressure, the internal "hawk-dove" debate within the Fed has intensified. The July minutes will reveal details of two dissenting votes, providing important clues for the future pace of rate cuts and policy direction.
- 07:43Analysis: USDC Supply on Hyperliquid Reaches 4.82 BillionAccording to ChainCatcher, on-chain analyst Ai Yi has reported that the USDC volume on Hyperliquid has reached 4.82 billion tokens. This ranks third among all public blockchains and networks, and first among Bridged USDC networks. Currently, Hyperliquid USDC is bridged via Arbitrum, and Circle has announced that native USDC support will be available soon.