[Bitpush Daily News Selection] KindlyMD announces a $5 billion equity plan to advance its Bitcoin treasury strategy; Standard Chartered: Still predicts ETH could reach $7,500 by year-end, past two days were excellent entry points; Cook remains a Federal Reserve governor and can still participate in rate decisions before a final ruling.

Selected Web3 news by Bitpush editors for you daily:

[KindlyMD Announces $5 Billion Equity Plan to Advance Bitcoin Treasury Strategy]

According to Bitpush, KindlyMD has announced the launch of a $5 billion "At-The-Market" (ATM) equity offering plan. The company stated that the funds raised will be used to advance its Bitcoin treasury strategy, working capital, acquisitions of companies/assets/technology, capital expenditures, and other investments.

[Standard Chartered: Still Predicts ETH to Reach $7,500 by Year-End, Past Two Days Were Excellent Entry Points]

According to Bitpush and CoinDesk, Geoff Kendrick, Head of Global Digital Asset Research at Standard Chartered, said on Tuesday that at current price levels, Ethereum (ETH) and ETH treasury companies remain undervalued.

Kendrick pointed out that since early June, ETH treasury companies have purchased 2.6% of the circulating ETH. Combined with the inflows from exchange-traded funds (ETFs) during the same period, the two together have purchased 4.9% of the circulating ETH, which is a staggering amount.

Although these capital inflows are already considerable, Kendrick emphasized that this is just the beginning. He previously predicted that treasury companies would eventually hold 10% of the circulating ETH, a target that now seems entirely achievable.

Despite the recent sharp decline in ETH, Kendrick maintains his previous forecast, believing that Ethereum will reach $7,500 by the end of the year. He believes the sell-off below $4,500 in the past two days has provided investors with an excellent entry point.

[Cook Remains a Federal Reserve Governor, Can Participate in Rate Decisions Until Ruling Is Made]

According to Bitpush, "Cook has indicated through her private attorney that she will immediately challenge this action in court and seek a judicial ruling to confirm her right to continue serving as a Senate-confirmed Federal Reserve Governor," said a Federal Reserve spokesperson. "The Federal Reserve will, as always, comply with court rulings." The Fed's statement indicates that, from the central bank's perspective, Cook's status as a governor has not changed, and unless a court ruling is made before the next meeting, she can still participate. The Fed's next interest rate decision meeting is scheduled for September 16-17, while Trump has been pressuring the Fed to make significant rate cuts.

[US Senate to Hold Hearing Next Week on Milan's Nomination as Federal Reserve Governor]

According to Bitpush and Politico, two sources revealed that the US Senate Banking Committee is expected to hold a hearing next week on the nomination of Milan as (interim) Federal Reserve Governor. This hearing had been in preparation even before Trump took action against Cook and has not yet been officially announced. The hearing will test the extent of Republican support for Trump's aggressive plans to reshape the Fed, while also providing Democrats with a new opportunity to pressure Republican lawmakers to clarify their stance on maintaining the Fed's independence. A Republican congressional aide, speaking about Milan's nomination, said: "Now it's more like a statement of political position and a 'referendum' on Trump. The nomination itself is already beyond the nominee's control."

[Donald Trump Jr.'s Venture Capital Fund Has Invested Tens of Millions of Dollars in Polymarket]

According to Bitpush and AXIOS, prediction market Polymarket has received investment from Donald Trump Jr.'s venture capital fund. Donald Trump Jr., who joined 1789 Capital last year, invested tens of millions of dollars in Polymarket. Recently, Polymarket was valued at over $1 billion by Founders Fund. Donald Trump Jr. will also join Polymarket's advisory board.

[US Department of Commerce to Begin Publishing Statistics on Blockchain, Finalizing Details for Publishing GDP Using Blockchain]

According to Bitpush, US Secretary of Commerce Raimondo stated that the Department of Commerce will begin publishing statistical data on the blockchain. The details of using blockchain to publish GDP are being finalized.