Crypto News Xrp

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ETH will reach $7,500 by the end of the year, according to a Standard Chartered analyst.

He claims that Treasury bonds and ETH ETFs are driving demand and predicts that companies could own 10% of the total #ETH supply.

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KindlyMD, which is listed on Nasdaq, presents an initial public offering of 5 billion dollars to the SEC to buy more #Bitcoin.

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The Monex Group of Japan is considering launching a stablecoin linked to the yen while President Oki Matsumoto cites the need to keep pace in digital finance.

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CME Group says that $XRP is the fastest contract to cross $1,000,000,000 in open interest, doing so in just 3 months.

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BlackRock's spot Ethereum ETFs purchased 73,860 $ETH worth 323.1 million dollars on August 26.

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The OG of Bitcoin sold 3,968 $BTC ($437M) to buy 96,531 $ETH ($443M) spot, totaling 641,508 $ETH ($2.94B) accumulated over the past week.

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Sui partners with Alibaba Cloud to launch an AI coding assistant for Sui Move developers, supporting English, Chinese, and Korean.

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Ethereum became the FASTEST ASSET to reach a valuation of $500,000,000,000

It achieved this in just 5.8 years, faster than:
▪️Bitcoin (12 years)
▪️Meta (13.5 years)
▪️Tesla (17.4 years)
▪️Apple (35.9 years)

Neither BTC nor the largest tech companies in the world were able to grow as fast as $ETH

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The U.S. TREASURY continues with its "covert QE" (a tactic that Trump criticized Yellen for implementing before the elections)

Just yesterday they repurchased $4B of BONDS, which LOWERS their yield and benefits equities.

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The United States Department of Commerce will begin publishing economic data on the blockchain.

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Trump declared after the FED spokesperson spoke out about the Lisa Cook SCANDAL

"While she was repeatedly voting NOT to lower interest rates for us, Cook was lying on her mortgage documents to get a lower interest rate for herself," a citizen claimed.

FED spokesperson: Longer terms and protections against removal for governors serve as a vital safeguard, ensuring that monetary policy decisions are based on data and economic analysis.

What did Trump comment on this?

Trump on the FED spokesperson's statement: I would abide by the courts.
Trump: "The FED's Lisa Cook appears to have committed a violation, and the administration is preparing for a legal battle. The FED needs "100% honest" people.
"There are already good names to replace Cook. We'll soon have a majority at the Fed, and Powell will leave quickly, fortunately."

The controversy will continue, and the Fed's majority is at stake.

Do you think Lisa Cook's dismissal is right?

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The nearest strong support for Bitcoin is located between $100,000 and $107,000, with deeper support between $92,000 and $93,000 if that level fails.

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Trump unleashed the most explosive crisis in the history of the Federal Reserve. The DRAMA of the moment continues to leave MUCH uncertainty about what may happen

Why could this event change the markets FOREVER?

What happened and why is it so serious?

Trump signed an EXECUTIVE ORDER removing Lisa Cook from the Fed board
He used Article II of the Constitution + Section 242 of the Federal Reserve Act, which allows the removal of governors “for just cause”
The “cause”: a “Criminal Referral” for allegedly lying on 2 mortgages, declaring two different properties as his “primary residence” in 2021
This would be, according to Trump, a case of “mortgage fraud”

Never before has a president attempted this
In 111 years of Fed history, never has a president removed a governor
The term of Fed Governor lasts 14 years precisely to avoid political pressure
Cook was appointed by Biden and her term would not end until 2038

Why does Trump want to remove her?

Currently, there are 7 governors at the Fed, including Jerome Powell
Trump has already appointed 3 of them
If he manages to replace Cook, he would have 4 out of 7 seats under his influence
He would have a majority on the Fed board

What does this mean for the markets?

Trump has already called for a CUT of 300 basis points (3%)
It would be triple the largest previous cut (March 2020: -100bps)
The new governor appointed by him, after Kugler's resignation, Miran, has already shown willingness to cut
With a majority, the Fed could cut aggressively

And how did Lisa Cook respond?

She refused to resign and claims that Trump has no legal authority to fire her
Her lawyer stated that they will take “all necessary actions” to prevent what they consider an “illegal act”
This could go to the Supreme Court, leaving uncertainty and is a TOTAL SCANDAL

Meanwhile, the markets are already reacting:
In Kalshi, the predictions of whether Cook will be removed this year rose from 12% to 60% and then fell to 36%

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Gemini introduces ETH and SOL staking in the United Kingdom, with daily trackable rewards in the app, following the launch of its new office in London.

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XRP has just received a major boost from China!

The Chinese fintech giant, Linklogis, is integrating its trillion-dollar supply chain financing platform into the XRP Ledger.

Real-world asset (RWA) tokens, cross-border payments, and trade finance: all on XRPL.

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U.S. banks push to block interest in stablecoins, warning it could trigger trillion-dollar deposit outflows - Financial Times

Wall Street realizes that Bitcoin and cryptocurrencies are beating them on their own turf.

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The semiconductor company Sequans is seeking to raise up to 200 million dollars to purchase more Bitcoin for its treasury.

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Trump fires Federal Reserve Governor, Lisa Cook, who is known for supporting Powell's strategy of keeping rates stable.

Traders are now betting that Trump's new nominee could push for rate cuts.

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The SEC acknowledges the submission of the registration application for the Staked $INJ ETF from Canary Capital.

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In the last 24 hours, more than 830 million dollars in long positions have been liquidated.

This occurs while the price of $BTC falls to $109,000 and that of $ETH to $4,300.