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Ether has struggled to break out of its long-standing trading range, with hedge fund short positioning playing a key role in capping its price movement, according to analysts.Despite strong trading volume and recent surges in activity, structural weaknesses and competition from alternative networks have left ether vulnerable to ongoing bearish sentiment, an analyst said.
Federal Reserve Chair Powell’s testimony on February 11 will provide critical insights into monetary policy, potentially affecting market sentiment. The U.S. Consumer Price Index (CPI) report on February 12 will influence expectations regarding interest rate cuts and crypto price movements. Bitcoin remains in a narrow range between $95,000 and $100,000 as traders await economic data that could trigger significant volatility.
Quick Take Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger said that election event contracts on platforms like Kalshi are “here to stay.” Mersinger’s comments come after the CFTC clashed with Kalshi over whether the platform’s contracts over election results could lead to political interference. In September 2024, a federal judge ruled that the CFTC overstepped its authority in attempting to block Kalshi from listing these contracts.
Quick Take Donald Trump-backed World Liberty Financial is forming a strategic token reserve meant to “to bolster leading projects like Bitcoin, Ethereum and other cryptocurrencies that are at the forefront of reshaping global finance.” The DeFi platform’s reserve, dubbed Macro Strategy, will serve to help World Liberty Financial diversify its holdings, according to an announcement. World Liberty Financial also said it is “engaging” with financial institutions in the hopes they will contribute tokenized ass
Quick Take U.S. President Donald Trump plans to tap Brian Quintenz, head of global policy at a16z crypto, to chair the agency. Quintenz served as a commissioner of the CFTC from 2017 to 2021.
- 17:33On Polymarket, the probability of Powell being removed as Fed Chair this year rises to 38%BlockBeats News, July 16—According to official website data, the probability of "Powell being removed as Federal Reserve Chair in 2025" on Polymarket has risen from 15% to 38%.
- 17:33CME FedWatch: Probability of a Total 25 Basis Point Rate Cut by September Rises to 63.1%BlockBeats News, July 16 — According to CME "FedWatch" data, there is a 4.7% probability of a 25 basis point rate cut in July, while the probability of keeping rates unchanged is 95.3%. The probability that the Federal Reserve will keep rates unchanged through September is 33.9%, with a 63.1% chance of a cumulative 25 basis point rate cut, and a 3% chance of a cumulative 50 basis point rate cut. The next two FOMC meetings are scheduled for July 30 and September 17.
- 17:32Trump: Fed Chair Has Performed Poorly, Always Acts Too LateBlockBeats News, July 16 — When asked whether he would dismiss Federal Reserve Chairman Jerome Powell, Trump stated that Powell has always acted too late. He added that Chairman Powell has performed poorly, and that challenges will continue to be addressed. (Jin10) Previous reports indicated that U.S. President Trump had already drafted a letter to dismiss Federal Reserve Chairman Powell.