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⚖️ Historic Fed Showdown: Lisa Cook to Sue Trump Over Firing 📢 In a first-of-its-kind move, President Trump fired Federal Reserve Governor Lisa Cook, sparking a major legal battle. Cook’s attorney, Abbe Lowell, announced plans to file a lawsuit, arguing that the president lacks authority to remove a Fed governor without cause — a safeguard meant to protect central bank independence. 🔍 What Happened: ▫️ Trump cited an ongoing DOJ investigation into Cook for mortgage fraud as grounds for removal. ▫️ Bill Pulte, FHFA Chairman, suggested the move aims to push lower interest rates. ▫️ Legal experts argue this could redefine the separation of powers and Fed autonomy. 💡 Why it matters: This unprecedented clash could have far-reaching implications for monetary policy, investor confidence, and market stability, especially as the rate-cut debate intensifies ahead of the September FOMC meeting. #FederalReserv #MonetaryPolicy #Leadership #Trump #InterestRates https://coingape.com/feds-lisa-cook-challenges-trumps-power-to-fire-her-amid-rate-cut-push/?utm_source=bnb&utm_medium=coingape
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🚨 Canary Capital Files S-1 for Trump Coin ETF with U.S. SEC 🌐 Canary Capital is taking crypto innovation to a new level. The asset manager has filed its S-1 form with the SEC to launch a Trump Coin ETF, providing institutional investors with exposure to the U.S.-origin Solana meme coin tied to former President Trump. 🔑 Key Details: ▫️ Registered in Delaware with CSC Delaware Trust Company as Trustee ▫️ A 19b-4 filing by an exchange will follow to list and trade shares ▫️ Part of Canary’s broader strategy to offer American-made Crypto ETFs 💡 Why it matters: This is a clear signal of institutional adoption and regulatory navigation in the crypto space. By offering ETFs tied to U.S.-based digital assets, Canary Capital is bridging traditional finance and emerging digital markets. #CryptoETF #TrumpCoin #Solana #DigitalAssets #Blockchain https://coingape.com/canary-capital-files-s-1-for-trump-coin-etf-with-u-s-sec/?utm_source=bnb&utm_medium=coingape
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🚀 Pepeto Is All Set to Beat Other High-Cap Assets This Year 🔥 #Pepeto #Memecoins #Crypto https://coingape.com/sponsored/pepeto-is-all-set-to-beat-other-high-cap-assets-this-year/
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🚀 Trump Media Group Launches $1B CRO Treasury Strategy — Cronos Surges 20%+ 📢 Trump Media Group has announced a definitive agreement with Crypto.com to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring $1B CRO tokens — roughly 19% of Cronos’ total supply. 💰 Treasury Highlights: ▫️ $1B in CRO acquisition ▫️ $200M in cash + $220M in mandatory exercise warrants ▫️ $5B equity line of credit from Yorkville affiliate ▫️ Total treasury potential: $6B, making it the largest traded CRO treasury company 📈 The announcement has already sparked a 26% surge in Cronos (CRO) in the past 24 hours, reflecting strong market optimism. 🔍 Why it matters: This initiative could become the largest digital asset treasury company by market cap ratio in history, signaling the growing intersection of institutional capital and crypto adoption. #Crypto #Cronos #TrumpMedia #DigitalAssets #Blockchain https://coingape.com/trump-media-groups-cro-strategy-to-acquire-1b-cro-for-treasury-cronos-up/?utm_source=bnb&utm_medium=coingape
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🚨 SharpLink Strengthens Ethereum Treasury Beyond $3.7B 📢 SharpLink has made another strategic move in Ethereum, purchasing 56,533 $ETH using proceeds from a $360.9M At-the-Market facility. This brings their ETH treasury to over $3.7B, making them one of the largest corporate holders of Ethereum. 🔑 Key Highlights: ▫️ Staking rewards: 1,799 $ETH , reflecting additional proof-of-stake network returns ▫️ Cash reserves: ~$200M available for future acquisitions ▫️ $ETH Concentration: >4.00 (per 1,000 diluted shares), more than double since June ▫️ Board-approved buyback plan: $1.5B, signaling strong shareholder confidence 🌐 This move underscores how corporations are increasingly leveraging digital assets for growth, staking rewards, and treasury diversification. SharpLink joins peers like BitMine in driving institutional adoption of Ethereum. 💡 Takeaway: Corporate Ethereum accumulation, combined with staking and buybacks, highlights the growing intersection of traditional finance and digital assets. #Ethereum #Blockchain #Crypto #TreasuryManagement #SharpLink https://coingape.com/sharplinks-ethereum-treasury-tops-3-7b/?utm_source=bnb&utm_medium=coingape
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Latest News
Ethereum(ETH) Surpasses 4,600 USDT with a 4.26% Increase in 24 Hours
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BNB Surpasses 860 USDT with a 0.59% Increase in 24 Hours
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Bitcoin(BTC) Surpasses 111,000 USDT with a Narrowed 0.76% Decrease in 24 Hours
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Trump Considers New Appointment for Federal Reserve Board
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U.S. Commerce Department to Release Statistics on Blockchain
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