This digest is for you, Vitalik👺
Ethereum is in the spotlight, greed is rising, and the alt season has moved a little closer.
- Ethereum whales are buying up $ETH. We refer to Santiment's analytics. There are more bears than bulls on Twitter regarding Ethereum. But what the non-believers are selling, the whales are buying back. And the retail traders are painting a pretty picture, with Polymarket users predicting a 75% probability that Ethereum will reach its all-time high (ATH) by August 31. Are you bullish on Ethereum?
- The Fear and Greed Index jumped to 73
Last week there were 54, we sat and prepared for a potential. And now we have an alt season, an Ethereum season, and a bull market. Until the next drop.
- Buybacks pump
Pumpfun purchased 175.3 million $PUMP ($705 thousand) in the last 4 hours. Are the holders satisfied?
- Inflation in the US is contentious
July inflation data looks okay on the surface, but the details are concerning. The numbers show a pleasant +0.3% for July, but in practice:
- Services are getting more expensive: airfare has risen more than ever in the last 3 years
- Medical and entertainment costs have also risen
- Goods are holding steady for now — companies are cutting profits to avoid raising prices
But in practice, the Consumer Price Index rose below forecasts, which is the subject of the next news
🔥 Solana and Chainlink jumped by more than 12%
July's CPI came in below forecasts, strengthening bets on a September rate cut by the Fed. Institutional flows, rather than retail speculation, are driving this cycle, according to Presto analyst Min Yung.
🔴And the market has started to grow globally: Ethereum rose by 8.6% to $4,670 - Cardano added 8.9%, reaching $0.85 - Dogecoin increased by 6.2% to $0.23 - Sui climbed by 5.9% to $3.91 - XRP advanced by 3.0% to $3.25
😡FOX CRYPTO |❤️🔥WHITE MARKET | 📈BINGX | 🔞 KYC$SOL $XRP $BTC
