FameEX Morning Crypto News Recap | July 30, 2025
2025-07-30 03:35:19"Fed's Megaphone": Federal Reserve Unlikely to Cut Rates This Week
Nick Timiraos, the 'Fed's megaphone', reports that Federal Reserve officials foresee the need to lower interest rates in the future but are not prepared to make such a move during Wednesday’s meeting.
Bitcoin Hits $120,000, Galaxy Digital Sells 80,000 BTC
CryptoQuant analysts observed that as Bitcoin price hit $120,000, the net holdings of long-term holders declined. Meanwhile, institutional investor Galaxy Digital sold around 80,000 Bitcoins.
Ethereum Set to Surpass $4,000, According to Standard Chartered
Geoff Kendrick, Standard Chartered’s head of digital asset research, suggested that Ethereum’s price could continue to climb as more cryptocurrency treasury companies buy ETH. If the capital inflow persists, Ethereum is expected to break through the key $4,000 level, with this being their price forecast for the end of 2025.
Ethereum's Open Contract Market Share Approaches 40%
On July 29, Glassnode revealed that Ethereum's open contract market share has surged to nearly 40%, the highest level since April 2023. This shift, occurring on only 5% of trading days, indicates a change in speculative interest, with funds increasingly flowing from Bitcoin to Ethereum, reflecting growing confidence in ETH.
Bitmain Plans U.S. Factory Launch by 2025
Bitmain, the leading cryptocurrency mining machine manufacturer, intends to establish its first U.S. factory by the end of Q3 2025, with a new headquarters and assembly line in Texas or Florida. The first batch of products is expected by early 2026, with full-scale production launching within that year.
CryptoPunks NFT Trading Volume Surges to Highest Level Since March 2024
NFT market data indicates that CryptoPunks' trading volume exceeded $24.6 million last week, setting a new weekly record since March 2024, with a remarkable 416% increase from the prior week. The surge was accompanied by price gains: the floor price rose from 40 ETH to 47.5 ETH, while the average selling price climbed from $140,000 to $182,000.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.