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BlackRock and Ethereum led the surge in crypto inflows, with Ethereum bringing in $2.87 billion last week.
Ethereum prices slipped after hitting a near record last week, with analysts warning that a surge of unstaked coins could weigh on the market later this month. The cryptocurrency rose from $3,698 at the start of August to $4,788 last Thursday, its highest level in four years. But as of 9 am UTC on Monday, … <a href="https://beincrypto.com/what-if-ethereum-unstaking-surge-does-it-lead-to-sell-bomb/">Continued</a>
Henan Province declined creating local cryptocurrency seizure rules, reflecting consequences of China's crypto ban. While Beijing developed Hong Kong exchange workarounds, Henan urges unified national regulations for consistency.
- 17:40ETH surpasses $4,600Jinse Finance reported that according to market data, ETH has surpassed $4,600 and is now quoted at $4,601.86, with a 24-hour increase of 3.91%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 16:29JPMorgan: The Federal Reserve will cut interest rates by 25 basis points next weekChainCatcher news, according to Golden Ten Data, JPMorgan US economist Michael Feroli expects that the Federal Reserve will cut interest rates by 25 basis points next week. He pointed out that there are two to three dissenters who support a larger rate cut, but no one supports keeping rates unchanged. The dot plot is still expected to show another rate cut after 2025.
- 16:23U.S. Secretary of Commerce: Musk misunderstood DOGE's goal—the focus is not on layoffs, but on reducing expensesJinse Finance reported that U.S. Secretary of Commerce, Luttig, stated that Musk misunderstood the objectives of the Department of Government Efficiency (DOGE). He focused on layoffs rather than truly reducing government spending waste.