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JUST IN: $135,000,000 worth of $ETH shorts liquidated in the past 60 minutes. Why people are shorting eth when there is so much accumulation by institutions #ETH
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🚨 BREAKING: Pakistan to Launch First-Ever Digital Rupee The State Bank of Pakistan will pilot a Central Bank Digital Currency this year in partnership with Japan’s blockchain firm Soramitsu, backed by Japan’s Ministry of Economy. Aims: Boost financial inclusion, cut cash distribution costs, & modernize payments.
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Project Stargate – a $500B AI mega build by OpenAI, SoftBank, Oracle & MGX – aims to create supercomputers the size of cities. First stop: Texas 🇺🇸 … next? The world.
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Remember one thing: This is July’s CPI, because August’s inflation data will be released in September. August’s CPI is important because tariffs came into effect on August 1st.
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Powell was not cutting rates due to two main reasons: First, he said he was not in a hurry to cut rates because the tariffs were not live yet. If he reduced interest rates and then inflation increased due to tariffs, it would create problems. Second, he mentioned that the labor market was completely solid and stable, so there was no need to cut rates. Results now: Tariffs are live from August 1st, and inflation is still stable (not much increase). Secondly, we’ve received very poor labor data. So, looking at the current data, Powell is in trouble right now he cannot hold off much longer. #USFedNewChair #CPIWatch
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Crypto News Today: Ethereum Price Breaks $4,500, Bitcoin Near $120K, BNB Hits $830 as Inflation Data Fuels Rally
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