๐ Crypto Market Pulls Back After Fed Holds Interest Rates Steady
The crypto market saw a brief rally before pulling back as the Fed opted to keep interest rates unchanged, warning of slowing economic growth. Here's your quick midweek recap (July 30):
๐น Bitcoin ($BTC): $116,964 โผ 0.5%
๐น Ethereum ($ETH): $3,764 โผ 0.1%
๐น Solana ($SOL): $176 โผ 2.9%
๐น $XRP: $3.10 โผ 0.6%
๐น $SUI: $3.77 โผ 1.3%
๐น Cardano ($ADA): $0.76 โผ 2.3%
๐ Ethereum Turns 10!
Ethereum celebrates a decade of powering DeFi, NFTs, and smart contracts. The Ethereum Foundation is marking the milestone with NFTs and 100+ global events โ plus a live broadcast featuring Vitalik Buterin. Ether neared $4,000 this week, fueled by renewed institutional interest.
๐ Big Moves in Crypto Policy
โ SEC approves in-kind creations/redemptions for crypto ETPs
๐ Senator Lummis introduces bill to let digital assets count toward mortgage applications
๐๏ธ Trumpโs working group calls for bold federal action to accelerate crypto adoption and support innovation
๐ Crypto Adoption Expands
๐น Kraken seeks $500M in funding at a $15B valuation ahead of a 2026 IPO
๐น JPMorgan partners with Coinbase to allow Chase customers to buy crypto & redeem points for USDC
๐น eToro expands 24/5 trading and launches tokenized US stocks on Ethereum
๐ฌ The crypto space continues to evolve fast. With Ethereumโs decade milestone and increasing institutional adoption, is this the calm before the next breakout?
๐ Follow for more updates on BTC, ETH, and the altcoin space!
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