FameEX Morning Crypto News Recap | July 30, 2025
2025-07-30 03:34:08Fed’s ‘Megaphone’: No Rate Cuts Expected This Week
Nick Timiraos, the 'Fed's megaphone', reports that Federal Reserve officials anticipate needing to lower interest rates eventually but are not prepared to implement a rate cut on Wednesday.
When Bitcoin Reached $120,000, Galaxy Digital Sold 80,000 Bitcoins
CryptoQuant analysts noted that when Bitcoin reached $120,000, long-term holders' net holdings decreased, while institutional investor Galaxy Digital sold approximately 80,000 Bitcoins.
Standard Chartered Predicts Ethereum Will Break $4,000
Geoff Kendrick, head of digital asset research at Standard Chartered, stated that Ethereum is expected to rise further as cryptocurrency treasury companies continue purchasing ETH. If the capital inflow persists, Ethereum is forecasted to break the $4,000 mark by the end of 2025.
Ethereum Open Contract Market Share Nears 40%
On July 29, Glassnode reported that Ethereum's open contract market share has reached nearly 40%, the highest since April 2023. Historically, only 5% of trading days have exceeded this level, signaling a shift in speculative focus with funds moving from Bitcoin to Ethereum.
Bitmain to Build Its First Factory in the U.S. by 2025
Bitmain, the world’s largest cryptocurrency mining machine manufacturer, plans to open its first U.S. factory by the third quarter of 2025. The new headquarters and assembly line will be located in Texas or Florida, with the first batch expected in early 2026 and full-scale production that year.
CryptoPunks NFT Trading Volume Reaches New High Since March 2024
NFT market data reveals that CryptoPunks' trading volume surpassed $24.6 million last week, marking a 416% increase from the previous week and setting a new record since March 2024. Alongside this surge, key price indicators rose: the floor price increased from 40 ETH to 47.5 ETH, and the average selling price grew from $140,000 to $182,000.
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