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Share link:In this post: Ethereum whales have stopped accumulating ETH since July, analysts note. Interoperability issues across Layer 2 solutions like Polygon and Arbitrum could be frustrating users. Ethereum, with a $300 billion market cap, faces high expectations as per top industry executives.
Quick Take Global crypto investment products witnessed $726 million in net outflows last week amid rate cut uncertainty, according to CoinShares. This matches the largest recorded net outflows set in March, Head of Research James Butterfill noted.
Bitcoin starts trading above $55K early in the week, recovering from weekend losses. This is the final week of inflation data before the long-anticipated September Fed meeting. Trump and Kamala Harris’s Tuesday presidential debate will be the leading market catalyst.
Quick Take Polymarket users have bet $101,000 that Trump will say “crypto” at the second presidential debate on Sept. 10 in Philadelphia. The prediction sits low on the list of possible mentions, comparable to the 19% odds of Trump saying “alien” three or more times during the event.
- 22:42There is a 96.9% probability that the Federal Reserve will keep interest rates unchanged in JuneAccording to CME "FedWatch": There is a 96.9% probability that the Federal Reserve will keep interest rates unchanged in June, and a 3.1% probability of a 25 basis point rate cut. For July, there is a 77.9% probability that rates will remain unchanged, a 21.5% probability of a cumulative 25 basis point rate cut, and a 0.6% probability of a cumulative 50 basis point rate cut.
- 22:18In 2024, AI Deepfakes Account for 40% of High-Value Cryptocurrency FraudsAccording to a report by Bitget, in 2024, AI deepfakes targeting celebrities, government officials, and others accounted for 40% of "high-value" crypto fraud. Losses from cryptocurrency scams in 2024 reached $4.6 billion, a 24% increase from the previous year.
- 22:18Trump Campaign Co-Manager: Cryptocurrency Issues Serve as a Bridge Allowing the GOP to Reach Historically Left-Leaning DemographicsChris LaCivita, co-campaign manager for U.S. President Donald Trump, stated that his campaign is focusing on drawing voters' attention to cryptocurrency-related issues, which is helping him in his bid for re-election. LaCivita noted that cryptocurrency serves as a bridge, enabling the Republican Party to connect with voter groups that have historically leaned left. As Capitol Hill becomes increasingly aware of issues related to digital assets, Trump has extended a welcome to the crypto community.