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🇺🇸 President Trump says interest rates should be at 1%.
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#ETHRally Ethereum is powering ahead in a strong crypto rally, climbing near its November 2021 all-time high of $4,891. Over the past month, ETH has surged over 50%, including a 41% jump in the last 30 days, propelled by institutional buying, spot ETF inflows exceeding $2 billion in a week, favorable macroeconomic data, and the U.S. Genius Act's regulatory clarity around stablecoins. With daily network activity and DeFi usage nearing highs, technical setups point to potential upside targets between $5,000–$7,500 and even beyond. Notably, retail traders remain skeptical—triggering whale accumulation that further fuels momentum.
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🚨 FED RATE CUT BETS SURGE AFTER JULY CPI DATA Following the latest July inflation report showing US consumer prices rose 0.2% month-over-month and 2.7% year-over-year—slightly below expectations—and core CPI rose 0.3% M/M and 3.1% Y/Y, traders have sharply increased their bets on a Fed rate cut in September. According to Kalshi data, the probability of a 25bps rate cut now stands at 80%, while only 14% expect the Fed to maintain rates and 6% predict a cut larger than 25bps.
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JUST IN: 🇺🇸🇮🇳 US Treasury Secretary Bessent says India is not being cooperative in trade talks.
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JUST IN: 🇺🇸 Treasury Secretary Bessent says the Fed should think about a 50bps cut in September.
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