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Bitcoin's price saw a slight uptick following the US CPI release, showing 2.8% inflation in July. Analysts now expect a Fed rate cut in September, keeping markets on edge.
Ethereum’s supply squeeze, fueled by corporate accumulation, whale activity, and record staking, is setting the stage for a potential rally toward $7,000. Analysts highlight $4,400 as the key breakout point for short-term momentum.
Share link:In this post: Ethereum developer Federico Carrone was detained for hours in Turkey over alleged misuse of Ethereum. The accusation is likely connected to privacy protocols and Carrone’s research on the subject. Despite crypto adoption, privacy and self-custody tools continue to face legal uncertainty and risks.
Share link:In this post: • A7A5 allows holders of Russian bank cards to buy stablecoins. • Option available only to Russian citizens, clients of sanctioned bank PSB. • Traders can also sell the tokens and receive Russian rubles in their card accounts.
Share link:In this post: Ola Källenius, CEO of Mercedes-Benz, has publicly criticized the European Union’s plan to ban CO2-emitting vehicles by 2035. Källenius argues that the transition to electric vehicles must be balanced with the realities of supply chain capabilities and consumer needs. The Trump administration released updated guidelines for a $5 billion program expanding electric vehicle (EV) charging infrastructure across the United States.
Share link:In this post: General Motors (GM) is shifting its driverless car strategy from robotaxis to personally owned autonomous vehicles. Former Tesla Autopilot chief Sterling Anderson will lead the renewed self-driving push. GM plans to rehire Cruise veterans and bring in new talent to accelerate development.
Share link:In this post: MARA will buy 64% of EDF’s Exaion for $168 million. The deal moves MARA from Bitcoin mining into AI data centers. MARA will focus on running AI models instead of training them.
LDO’s 67% rally faces a reality check as euphoria peaks, risking a pullback if buyer fatigue sets in.
- 12:54Anti-fraud company SEON completes $80 million Series C funding round, led by Sixth Street GrowthChainCatcher news, anti-fraud company SEON announced the completion of an $80 million Series C financing round, led by Sixth Street Growth, with participation from IVP, Creandum, Firebolt, and new investor Hearst. This new round brings SEON's total funding to $187 million, including a $94 million Series B round raised in 2022. The company's two founders previously established a fiat-supporting cryptocurrency platform in Central and Eastern Europe, and SEON will also address the increasingly complex digital environment in related fields. Currently, SEON provides services to clients across various industries, including cryptocurrency, gaming, financial institutions, and e-commerce. Its clients include Patreon, Revolut, NuBank, Ladbrokes, as well as Air France and KLM Royal Dutch Airlines. With the help of the new funds, they hope to reach more clients and offer effective yet budget-friendly fraud prevention solutions.
- 12:47Former US Treasury Secretary Summers: Fed Policy Is "Too Loose," Inflation Remains the Top IssueJinse Finance reported that former U.S. Treasury Secretary Summers stated that the Federal Reserve's policy is leaning towards being "too loose," and emphasized that the greatest risk facing the U.S. economy comes from inflation rather than the job market. Summers said, "If I were in Chairman Powell's position, my biggest concern would definitely be focused on inflation." Speaking about the Fed's rate cut measures, Summers said, "I don't think they are doing this under political pressure, but I believe that at a time like this, the Fed must 'go all out' (to maintain its anti-inflation stance). And I'm not sure they have reached the level of 'all out' that I would expect."
- 12:42Trust Wallet releases new TWT economic model and launches multiple ecosystem incentivesChainCatcher news, according to the official Trust Wallet blog, Trust Wallet has announced a new economic model for TWT (Trust Wallet Token), proposing to enhance user activity and loyalty through a tiered incentive system. TWT will be used in multiple scenarios including staking rewards, DeFi staking, fee discounts, gas fee payments, exclusive services, and community governance. The total supply of TWT is fixed, with over 40% already in circulation, and the remaining portion will be used for ecosystem development, liquidity, partnerships, and team incentives. The new incentive measures will be launched in phases over the next six months.