Ethereum Jumps 7% on Fed Rate Cut Hopes
Ethereum rallied sharply on Friday after US Federal Reserve Chair Jerome Powell suggested the central bank could cut interest rates as early as September. Speaking at the prestigious Jackson Hole Economic Symposium, Powell acknowledged rising fiscal challenges, weakening jobs data, and tariff-driven inflationary pressures, while hinting that risks to the
Powell Hints at Rate Cuts as Fed Balances Risks and Inflation Fears
Federal Reserve Chair Jerome Powell’s address at the central bank’s annual Jackson Hole symposium has provided the strongest indication yet that conditions could soon justify interest rate cuts. While Powell stopped short of explicitly endorsing imminent easing, his carefully calibrated remarks suggested the Fed is edging towards policy adjustments as
Bitget Wallet Expands Into Base With Aerodrome Integration
Bitget Wallet has unveiled a major integration with Base, Coinbase’s Ethereum Layer-2 (L2) network, and Aerodrome, one of its most active decentralised exchanges (DEXs). The move underscores the growing battle among wallet providers to simplify user access to decentralised finance (DeFi), even as market indicators show declining momentum across the
Tokenisation Could Unlock Capital Market Growth Across Latin America
Tokenisation, the process of issuing real-world assets on blockchain, could reshape Latin America’s underperforming capital markets by removing systemic inefficiencies, cutting costs, and expanding access to global investors, according to Bitfinex Securities. A new report from the company argues that tokenisation adoption may solve long-standing challenges, accelerating investment and capital
Base Surpasses Tron with $6.6B in DeFi Deposits
Coinbase’s blockchain network, Base, has surged past Tron to become the fifth-largest decentralised finance (DeFi) ecosystem by deposits, cementing its rapid rise since launch in 2023. According to DefiLlama data, deposits on Base soared to over $6.6 billion, surpassing Tron’s $5.2 billion, in a sign of growing confidence in Coinbase’s
PENGU Price Faces 50% Downside as Selling Pressure Mounts
The PENGU token has entered a turbulent phase, with market indicators suggesting that its recent gains may be under threat. Trading around $0.030 at press time, PENGU has already shed more than 8% over the past 24 hours, erasing most of its monthly progress. Despite still boasting a 113% return
Mantle Surges 73%, Enters Top 30 Cryptos
Mantle’s native token, MNT, has surged by 73% over the past 30 days, propelling it into the top 30 cryptocurrencies by market capitalisation. The rally has seen MNT outpace notable tokens including Pepe (PEPE), Ethena (ENA), and Aave (AAVE), with the price touching $1.40 at press time. With strong technical
Bitcoin Sell Pressure Mounts as $105K Bid Wall Emerges
Bitcoin’s latest downturn has sharpened concerns among traders, with analysts pointing to heavy selling pressure in US markets and growing uncertainty over institutional demand. Despite inflows into spot exchange-traded funds (ETFs) earlier in August, the price has slipped to near two-week lows, reigniting fears of deeper corrections. A Slide Towards
Grayscale Pushes for Spot Dogecoin ETF
Grayscale Investments has taken a major step toward institutionalising Dogecoin, filing paperwork with the US Securities and Exchange Commission (SEC) to convert its existing Dogecoin Trust into a spot exchange-traded fund (ETF). The move, if approved, could pave the way for one of the most popular meme coins to gain
Tokenised RWAs Push Finance Towards Crypto-Style Trading
The tokenisation of real-world assets (RWAs) is rapidly transforming finance, with marketplaces now emerging to make diverse asset classes as accessible as cryptocurrencies. Since the start of 2024, the total value of tokenised RWAs (excluding stablecoins) has surged from around $8.5 billion to nearly $25 billion. But while tokenisation offers
