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According to CME Group, investors now have an 84.9% chance of the Federal Reserve cutting interest rates in September. This suggests the market is almost certain of a rate cut due to the weak economy and inflation pressures.
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$BTC Still trending higher, still following the same kind of price action. Price action has been getting slower and more compressed in recent weeks as $ETH has been stealing the show. This compressed price action usually stops at some point and leads to a big move in either direction. So keep an eye out for when that Bitcoin volatility does come back. Also keep an eye on when the pattern below stops working out. When price stops retaking the ranges after the deviations or when it fails to make a new high after doing so. That's a good red flag to watch for me.
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Developers Allegedly Dumped This Altcoin: Transferred a Large Amount of Tokens to Binance. According to Onchain data, a multisig wallet allegedly belonging to developers transferred a large amount of altcoins to Binance today. A multi-signature (multi-sig) wallet linked to Ethena, which had not made any transactions for approximately 400 days, showed significant activity yesterday. According to on-chain data, 15 million $ENA tokens were sent from the wallet to the cryptocurrency exchange Binance. The transfer had a market value of approximately $9.64 million. The wallet's overall balance is striking: 360 million ENA tokens, or approximately $237.6 million, are still held at this address. The transaction was conducted on the Ethereum network, and only very small $ETH movements had been observed recently. This move, coming after a long period of inactivity, has sparked speculation within the community, with some suggesting that developers are looking to capitalize on the recent surge in ENA's price. ENA, one of the popular altcoins of recent months, is trading 56% lower than its all-time high price record of $1.52, set a year ago. There are claims that Ethena could be the new TerraUSD of the market because it promises high stablecoin returns, but in the event of its collapse, it may not have a similar impact to the approximately $90 billion Terra ecosystem. $ENA
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Voting has started on Solana for SIMD-0326 Alpenglow, a proposal to cut block times from 12.8 seconds to 150 ms by upgrading the consensus protocol. Consensus this quick pushes Solana into a new category, where blockchain stops lagging and starts feeling immediate. $SOL
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American Bitcoin, the company owned by US President Donald Trump's sons, is preparing to be traded on the Nasdaq Stock Exchange! American Bitcoin, which is owned by Donald $TRUMP 's sons, is preparing to be traded on the Nasdaq stock exchange in September. American Bitcoin, founded in the US and co-owned by Donald Trump's sons Eric Trump and Donald Trump Jr., is preparing to be traded on the Nasdaq stock exchange in September. American Bitcoin, Backed by the Trump Family, Aims to List on Nasdaq in September. The company operates in the crypto mining space and is about to complete a stock merger with Gryphon Digital Mining to speed up the process. Asher Genoot, CEO of Hut 8, the largest investor in American Bitcoin, stated that the merger will be completed shortly and that the company will begin trading directly on the stock exchange in early September, without an initial public offering. Following the new formation, the company will trade under the ticker symbol ABTC. The investor base includes prominent figures in the crypto industry. Gemini exchange founders Cameron and Tyler Winklevoss are among the principal investors. It was announced that Eric Trump, Donald Trump Jr., and Hut 8 will collectively own 98% of the company once the merger is completed. Genoot emphasized that opting for a merger rather than a direct initial public offering (IPO) would be more advantageous from a financing perspective. He also stated that the company could invest not only in the US but also internationally, offering investors access to Bitcoin through exchanges. Founded in March 2025, American Bitcoin plans to accumulate Bitcoin through both mining and direct purchase. It will operate by leasing Hut 8's data centers. This move, which comes as the Trump administration is ramping up crypto regulations, has raised allegations of political influence and conflicts of interest. However, Genoot stated that the company is a completely independent commercial enterprise and that Eric Trump is involved in strategic areas. $TRUMP
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BREAKING: A Historic Cryptocurrency Decision Is Reportedly Coming Soon in the US – It Could Make A Significant Effect. According to breaking news, the CFTC will soon announce regulations that will allow US users to trade on offshore cryptocurrency exchanges like Binance. The development was reported by cryptocurrency journalist Eleanor Terrett. $BNB $M $AB
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