Soon We Will Know the Name of Trump's New Fed Chair
Trump stated, that the decision on the Fed chair candidate will be made by the end of the week, and added that four candidates are being considered for the Fed chair position.
📈Meanwhile, the probability that Powell will cut rates at the next Fed meeting in September stands at 85%.
🏠The SEC reported that cryptocurrency staking is not considered a securities transaction. This increases the potential for including staking functionality in the Ethereum ETF.
🔹On August 5, the BlackRock Ethereum ETF bought 23,870 ETH worth $88.8 million. Funds believe in the long-term potential of ETH.
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