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Stay up to date on the latest crypto trends with our expert, in-depth coverage.
In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
- 17:20Fed's Powell supports two more rate cuts in 2025, each by 25 basis pointsJinse Finance reported that Anna Paulson of the Federal Reserve stated she supports two more rate cuts this year, each by 25 basis points. Paulson said that monetary policy should ignore the impact of tariffs on consumer price increases, as she believes there are no conditions for tariff-induced price hikes to evolve into sustained inflation. Paulson expects the economy to continue growing above trend in the third quarter, but she also pointed out that the foundation supporting economic growth is relatively narrow, and some business contacts are uncertain about where future demand will come from.
- 17:11Paulson: The neutral interest rate level remains unclear, rate cuts should be approached with cautionChainCatcher news, according to Golden Ten Data, Federal Reserve's Paulson stated that it is still unclear what the neutral interest rate level is, but advocates for caution in the pace of rate cuts.
- 16:49U.S. crypto mining stocks collectively strengthenJinse Finance reported that U.S. crypto mining stocks collectively surged, with Bitfarms soaring 24%, Cipher Mining rising over 17%, IREN up nearly 12%, and APLD continuing to climb by 9%.