FameEX Morning Crypto News Recap | August 12, 2025
2025-08-12 05:18:38Trump’s Fed Board Pick Stephen Moore May Push for Interest Rate Cuts
On August 7, Trump nominated Stephen Moore to the Federal Reserve Board, with another pick planned. Recent dovish Fed signals suggest potential rate cuts at Jackson Hole if July CPI meets forecasts.
Federal Reserve Spokesman Forecasts 3.1% Annual Increase in July Core CPI
Federal Reserve spokesperson Nick Timiraos announced that the July CPI data will be released this week. The core CPI is expected to rise by 0.31%, with a 3.1% annual increase, up from 2.9% in June. Overall inflation is projected to rise by 0.24%, with a 2.8% annual increase.
US July CPI Data Could Influence Federal Reserve's Rate Cut Expectations for September
The US July CPI data will be released on August 12 at 20:30 GMT+8 time. If inflation shows signs of cooling, it could strengthen expectations for a Federal Reserve rate cut in September. ING strategist Francesco Pesole stated that a 0.3% month-on-month core CPI increase would provide room for rate cuts.
97% of Ethereum Investors Currently in Profit
On-chain analytics platform Sentora reported that 97% of Ethereum holders are currently in profit, while only 1% are in loss.
Deutsche Bank Analyst Cautions U.S. Policies Could Trigger Dollar Decline
Deutsche Bank analyst Thu Lan Nguyen warned that unstable, unpredictable U.S. policies could deter foreign investors from buying Treasury bonds, weakening the dollar. Reduced foreign investment may cut U.S. capital inflows, triggering deleveraging and potentially causing significant dollar depreciation, undermining long-term economic growth.
BitMine Immersion Technologies Holds 1.15 Million ETH Worth Around $4.96 Billion
BitMine Immersion Technologies (NYSE: BMNR) announced it holds 1.15 million ETH, valued at about $4,311 each, totaling $4.96 billion. Its ETH position grew by $2 billion last week, with a long-term goal of holding 5% of global ETH supply.
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