🇺🇸 US Spot #ETF Update (Aug 12) 🚀 #Bitcoin adds 555 $BTC | CoinGape Media on Binance Square

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🇺🇸 US Spot #ETF Update (Aug 12)🚀 #Bitcoin adds 555 $BTC ($66M)
🚀 #Ethereum surges with 121K+ $ETH ($524M)
Crypto flows are heating up, stay tuned! 📈

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🚨 Trump Considers BlackRock’s Rick Rieder for Fed Chair 🔥 The Fed Chair search is heating up. According to CNBC, BlackRock CIO Rick Rieder has joined a growing list of candidates to replace Jerome Powell when his term expires in May 2026. Other notable names include: • Jefferies Chief Market Strategist David Zervos • Former Fed Governor Larry Lindsey • Fed Vice Chair for Supervision Michelle Bowman • Fed Governor Chris Waller • Fed Vice Chair Philip Jefferson 📢 Treasury Secretary Scott Bessent will interview all candidates, creating a shortlist for President Trump’s final decision. 💡 Key Considerations: • Several candidates, including Rieder, have voiced support for Fed rate cuts, aligning with Trump’s policy stance. • Current Fed members Waller and Bowman voted for a cut at the July FOMC meeting. • No immediate appointment is expected, so the Fed’s policy direction will continue under Powell for now. 📊 This move signals continued market focus on interest rates, monetary policy, and potential shifts in Fed leadership. The selection could have far-reaching implications for both institutional investors and global markets. #FederalReserve #Finance #BlackRock #InterestRates #BlacRrock https://coingape.com/trump-considers-blackrocks-cio-rick-rieder-for-fed-chair-role/?utm_source=bnb&utm_medium=coingape

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🚨 Breaking: The President just said the traditional financial system is broken — and crypto will fix it. 🇺🇸 🏛 Is this the most bullish statement from the White House yet? #Crypto #Bitcoin #Blockchain #Bullish

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🚨 Ethereum Smashes 4-Year Highs – Eyes on $5,241 📈 Ethereum’s rally is accelerating, with +8.5% gains following a clean breakout above $4,300. According to analyst Ali Martinez, MVRV pricing bands point to a potential next stop at $5,241. 🔍 Key Drivers Behind the Move: 🔹 Institutional Accumulation: While retail traders are selling into strength, large players are buying aggressively. 🔹 Treasury Moves: Bitmine Technologies announced a $25B stock sale to fund more $ETH accumulation. 🔹 ETF Demand Surging: Spot Ether ETFs saw $500M net inflows Tuesday, after hitting $1B the day before. BlackRock’s ETHA alone has surpassed $10.5B AUM. 🔹 Supply Crunch: Daily ETH issuance = 2,428 ETH, while ETFs bought 127,403 ETH in a single day — 52x more than newly issued supply. ⚡️ With minimal resistance ahead and institutions soaking up supply at record speed, ETH’s momentum could carry it to fresh all-time highs — and possibly that $5,241 target sooner than expected. #Ethereum #CryptoMarkets #Blockchain #ETF https://coingape.com/ethereum-hits-4-year-highs-leading-crypto-market-rally-as-analyst-sees-5241-next-stop/?utm_source=bnb&utm_medium=coingape

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🚨 Bitcoin vs. XRP – The Debate Continues ⚖️ Following the Ripple lawsuit settlement, the long-standing clash between Bitcoin supporters and XRP advocates is back in full swing. 📢 Pro-Ripple lawyer Bill Morgan has pushed back against claims that XRP’s recent escrow release explains its price movements — arguing that even after 8 years, there’s “no helpful explanation” linking escrow to significant price shifts. Ripple CEO Brad Garlinghouse has also highlighted escrow’s benefits: trusted markets, supply predictability, and transparency. 📊 The debate got sharper when a Bitcoin proponent criticized XRP as “100% centrally issued pre-mine.” Morgan countered: “That just means the supply is finite… a trait Bitcoin maxis themselves hail as a hallmark of hard money.” 🌐 While BTC supporters emphasize mining costs and the lack of a central issuer as unique advantages, Morgan’s stance reframes XRP’s finite supply as an equally positive feature. 🔍 Whether you see it as hard money or not, the conversation underscores how fundamental narratives — not just technology — drive crypto market perception. #Bitcoin #XRP #Ripple #Crypto #Blockchain https://coingape.com/bitcoin-has-no-major-advantage-over-xrp-says-pro-ripple-lawyer/?utm_source=bnb&utm_medium=coingape

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🚨 Is the Fed Ready for a Bigger September Move? 🏛 According to Bloomberg, Scott Bessent believes the Federal Reserve should seriously consider a 50 bps rate cut in September — a more aggressive step than markets currently expect. 🔍 Why the bold call? ⦿ Soft Inflation Data: July CPI rose just 0.2% MoM, with core inflation at 0.3%, suggesting room for a looser policy stance. ⦿ Goods Prices Resilient: Despite recent tariff hikes, goods inflation remains tame. ⦿ Policy Window: Bessent argues the Fed skipped action at the last meeting but now has “incredible” data to justify a decisive cut. 📢 He also noted that Stephen Miran, Trump’s nominee for the Fed board, could be confirmed before the September 16–17 meeting — potentially influencing the policy decision. 🗣 Beyond rates, Bessent emphasized the need for the next Fed chair (Powell’s term ends in May) to have: 1️⃣ Strong, clear views on monetary policy 2️⃣ A defined regulatory approach 3️⃣ The ability to manage & reform a “bloated” Fed without risking its independence 💡 With market volatility rising and political shifts on the horizon, September’s Fed meeting might be more consequential than many expect. #FederalReserve #InterestRates #MonetaryPolicy #Economy #Inflation https://coingape.com/fed-should-consider-50-bps-rate-cut-scott-bessent-says/?utm_source=bnb&utm_medium=coingape

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