News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 12:17SunPump platform successfully distributes 888 TRX creator rewardsAccording to ChainCatcher, official sources indicate that the SunPump team has completed the distribution of 888 TRX rewards to eligible meme creators, in recognition of their successful completion of Bonding Curves and maintaining stable project operations without engaging in rapid price surges or other short-term speculation. In the future, the platform will continue to support the creator ecosystem. New rewards for eligible meme coin creators will be distributed within two weeks after creation. Please stay tuned for further updates.
- 12:11Franklin Templeton announces SOL ETF details: Staking rewards to be included as income, initial holdings of 17,000 tokensJinse Finance reported that Franklin Templeton has officially released details of its Solana spot ETF. The ETF's initial SOL holdings amount to 17,000 tokens (custodied by a certain exchange), with a market value of approximately $2.4 million. In addition, the current number of circulating shares of the ETF is 100,000, and the trading fee rate is 0.19%. Franklin Templeton stated that the fund will stake the SOL it holds to earn rewards, and the related SOL staking rewards will be included as income.
- 11:54Bank of America warns: Fed's dovish rate cuts could end the stock market rallyJinse Finance reported that Bank of America strategists have warned that if the Federal Reserve adopts an overly cautious stance on the economic outlook, it could jeopardize the year-end stock market rally. As the S&P 500 index approaches its all-time high, investors are hoping for the ideal scenario—a Fed rate cut accompanied by falling inflation, while the economy remains resilient. However, Bank of America strategist Michael Hartnett pointed out that if the Fed sends a dovish signal at next week’s meeting, this optimism will be put to the test, as it may suggest the economic slowdown is greater than expected. Hartnett wrote in his report: “The only thing that could kill the ‘Santa rally’ is a dovish rate cut triggering a sell-off in long-term bonds.” He was referring to longer-term U.S. Treasuries.