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Sharps Technology secures $400 million in funding to establish a
$SOL
treasury and signs an MOU with the Solana Foundation to purchase $50 million of SOL at a 15% discount.
$SOL
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XRP Makes History! XRP Breaks CME Record in Just Three Months! XRP futures reached $1 billion in open interest in just three months, making it the fastest contract in CME history to reach $1 billion. A new era has begun for Ripple, which has triumphed in its legal battle with the SEC. Trying to shake off the dust of the past, XRP has set a new record. Accordingly, XRP showed an unexpected performance in open positions on the Chicago Mercantile Exchange (CME) in a short time and broke a record. According to data, XRP futures reached $1 billion in open interest in just three months, making XRP the fastest contract in CME history to reach $1 billion. At this point, XRP futures have recorded their fastest growth ever, reaching this milestone in just three months. This rise indicates increasing maturity in the crypto ecosystem and new capital entering the markets. It is also noteworthy that this turning point occurred at a time when the XRP price was under selling pressure amidst the BTC correction. CME Group also noted in its post that the crypto derivatives market has reached a new milestone. CME Group announced that nominal open interest has surpassed $30 billion for the first time, demonstrating strong participation from both institutional and individual investors. “Our crypto futures suite has surpassed $30 billion in nominal open interest for the first time. Our SOL and XRP futures contracts, as well as our ETH options, each exceeded $1 billion in OI. XRP became the fastest contract to achieve this, reaching this goal in just 3 months. This is a great sign that the market is maturing, with new capital entering the market.” Among these, Bitcoin (BTC) futures remain the largest futures product, trading over $16 billion, while Ethereum (ETH) has $10.5 billion in open interest. Solana (SOL) and XRP have both surpassed $1 billion, but the pace at which XRP reached that target has captured the industry's attention. $XRP $SOL $ETH
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$BTC We've seen several days with relatively large ETF outflows recently. Outflows in itself are of course never good. But it's good to note that these flows also generally follow price. If you see high in or outflows and price is refusing to move, that can be a sign of absorption and a local reversal might be due. So far, price has been trending down with these outflows so be on the look out for when that changes or when flows itself turn around with price action supporting it. $BTC
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The fourth Satoshi Nakamoto statue has appeared in a new country. While everyone guesses the location, the point is clear: Bitcoin is a belief. Each statue is a reminder that culture is above tech. Satoshi vanished, but the idea didn’t. $GAL $ME $SC
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Morgan Stanley Changes Its Previous Forecast After Powell's Statements, Provides a Date! When and How Many Rate Cuts Will the Fed Make? Morgan Stanley expects the Fed to make two interest rate cuts in 2025, in September and December. Just like the altcoin rally, the question of when the FED will cut interest rates has become a never-ending story. As is known, the FED has paused interest rate cuts and has been keeping interest rates constant since January. While there are different predictions that the FED will begin cutting interest rates, Morgan Stanley revised its forecasts and announced its latest updated forecast. Accordingly, Morgan Stanley expects the Fed to make two interest rate cuts in September and December 2025. Morgan Stanley has joined global investment banks in predicting the Fed will cut interest rates in September, according to a Reuters report. The reason for this change was pointed to FED Chairman Jerome Powell's change of tone at the Jackson Hole summit. Bank analysts said Powell's change of tone was a sign that the Fed would ease monetary policy sooner. Accordingly, Morgan Stanley, which previously stated that interest rates would remain unchanged until March 2026, announced that it expects two interest rate cuts in 2025. The bank also added that interest rates will be reduced to the 2.75%-3% range with further rate cuts throughout 2026. “The first interest rate cut of 25 basis points in September 2025, Second interest rate cut in December 2025, It is estimated that multiple 25 basis point interest rate cuts will be made throughout 2026 and interest rates will fall to the 2.75-3 percent range. Following FED Chairman Powell’s statements on Jackson Hole, Barclays, BNP Paribas and Deutsche Bank announced that they expect a 25 basis point interest rate cut for September, while the probability of an interest rate cut in the markets is priced in at 84 percent. $OP $SUI $JTO
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Crypto Asset Management Company Bitwise Files for ETF for Rising Altcoin! Bitwise Asset Management has filed a preliminary S-1 with the U.S. Securities and Exchange Commission (SEC) to launch its Bitwise Chainlink ETF. Crypto asset management firm Bitwise Asset Management has filed a preliminary S-1 filing with the U.S. Securities and Exchange Commission (SEC) to launch its Bitwise Chainlink ETF. Bitwise Files with SEC for Chainlink ($LINK ) ETF. Designed as a regulated investment product, the fund aims to track the price performance of LINK, the native token of the decentralized oracle network Chainlink. According to the filing, the fund's goal is for the shares to reflect the market value of LINK. Coinbase Custody Trust Company is serving as custodian, while Coinbase, Inc. is serving as the primary brokerage. The shares are planned to be listed on a national exchange in the US, but the exact platform has not yet been announced. The documents describe the fund's standard formation and redemption mechanisms, noting that both cash and asset-based transactions will be executed through a process called “Trust-Directed Trade.” Importantly, the filing did not include any plans for LINK staking. Despite the SEC's clarification of the legal framework surrounding staking, the fund will only offer direct exposure to the spot price of LINK. The Chainlink network stands out as one of the largest oracle protocols connecting blockchains with real-world data. The LINK token is used both to incentivize validators and to play a role in network governance. Bitwise's move is part of a growing trend to expand single-asset crypto ETF products beyond Bitcoin and Ethereum. Grayscale recently also applied to convert its Avalanche Trust into the spot $AVAX ETF. Bitwise CIO Matt Hougan described LINK as one of the strongest crypto assets compatible with the tokenization wave in a report published in July. $LINK
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