NEWS: Update on the news from the past 24 hours!
🔥 Standard Chartered raises its $ETH forecast to $7,500 by the end of 2025 from $4,000, and to $25,000 by 2028.
🚨 Grayscale has registered the Cardano and Hedera ETF funds in Delaware, indicating it may soon file for the Cardano and Hedera spot ETF.
🇺🇸 ETF FLOW: Approximately $65.9 million in $BTC and $523.9 million in $ETH were purchased on August 12.
🇺🇸 The real asset tokenization platform OpenEden partners with BNY Mellon to manage and custody assets supporting a U.S. Treasury bond fund rated "A" by Moody's TBILL.
🔥 The Crypto Fear & Greed Index has risen to 73 from 54 last week, signaling "Greed."
🔥 Bullish's IPO reached $1.1 billion, oversubscribed 20 times, with a market value of $5.4 billion.
🇺🇸 Treasury Secretary Bessent hopes the Fed will start cutting interest rates in September by 50 basis points.
🇺🇸 Donald Trump stated he will soon announce the new Chair of the Federal Reserve, with a shortlist of three or four candidates.
🚨 The Estonian bank Rain Lohmus purchased $75,000 in $ETH during the ICO in 2015, and has now lost access to the wallet, which is worth over $1 billion.
🇺🇸 Eric Trump mentioned that major U.S. banks, including Capital One, JPMorgan, Bank of America, and First Republic, have closed hundreds of his accounts without notice, prompting him to turn to cryptocurrency.
🚨 $BTC reached a new all-time high of $124,474, surpassing Google in market capitalization, becoming the fifth largest asset in the world.
⚡️ Justin Sun has filed a lawsuit against Bloomberg to prevent the disclosure of "extremely confidential, sensitive, private, and proprietary financial information" of his.
🇺🇸 Canary Capital has registered the $TRUMP ETF fund in Delaware.
Source: Cointelegraph
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