FameEX Morning Crypto News Recap | August 12, 2025
2025-08-12 05:23:23Trump Nominates Stephen Moore to Fed Board, Potentially Paving Way for Rate Cuts
Trump picked Stephen Moore for the Fed on August 7, with another nominee coming. Dovish Fed signals hint at possible rate cuts if July CPI data aligns with expectations.
Federal Reserve Spokesman Predicts 3.1% Annual Rise in July Core CPI
Federal Reserve spokesperson Nick Timiraos indicated that the July CPI data will be released this week, with core CPI expected to increase by 0.31%, resulting in a 3.1% annual rise. This marks a slight increase from June’s 2.9%. Overall inflation is expected to rise by 0.24%, with a 2.8% annual increase.
July CPI Data in the US May Affect Federal Reserve's Expectations for September Rate Cuts
The US July CPI data will be released on August 12 at 20:30 GMT+8 time. A cooling inflation reading could boost market expectations for a September Federal Reserve rate cut. ING foreign exchange strategist Francesco Pesole noted that if the core CPI rises 0.3% month-on-month as expected, it would give the Fed space to lower interest rates.
97% of Ethereum Holders See Positive Returns
On-chain analytics platform Sentora (formerly IntoTheBlock) revealed that 97% of Ethereum holders are currently in profit, with just 1% in loss.
U.S. Policies May Weaken Dollar, Warns Deutsche Bank Analyst
Deutsche Bank analyst Thu Lan Nguyen cautioned that unstable and unpredictable U.S. policies could discourage foreign investors from purchasing U.S. Treasury bonds, potentially leading to dollar weakness. She noted that foreign investors have long fueled U.S. wealth through capital inflows, but reduced investment over concerns about lower returns could spark a deleveraging cycle and cause substantial dollar depreciation.
BitMine Immersion Technologies’ Ethereum Holdings Total 1.15 Million ETH, Valued at $4.96B
BitMine Immersion Technologies (NYSE: BMNR) reported its Ethereum holdings have reached 1.15 million ETH, valued at roughly $4,311 per coin for a total of about $4.96 billion. The company’s ETH position rose by approximately $2 billion in the past week, and it aims to eventually hold 5% of the global ETH supply as part of its long-term strategy.
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