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Home » Regulation » Trump issues executive order banning unlawful debanking of conservatives, crypto companies Order compels federal agencies to address bias in banking and protect access for digital assets firms and political groups. Key Takeaways President Trump issued an executive order prohibiting financial institutions from debanking based on political or religious beliefs and lawful business activities. The order also addresses banking restrictions faced by crypto companies, requiring federal regulators to review and remediate discriminatory policies. Share this article President Donald Trump on Thursday issued an executive order that seeks to prevent financial institutions from cutting off accounts or services based on political, religious biases, or lawful business activities. The order is aimed at ensuring fair access to financial services for all Americans. It focuses on eliminating discriminatory ‘debanking’ practices and enforcing objective, risk-based banking policies. As part of the directive, federal banking regulators, such as the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve (Fed), must remove “reputational risk” language from guidance, manuals, and policies. Language has been historically used to justify cutting off lawful but controversial clients. However, some banks have allegedly used it as a cover for politically or religiously motivated account closures. The order aims to prevent this from being used as a cover for discriminatory practices. Similar concepts that could enable politically motivated account closures must also be removed. The order directs the Small Business Administration to push for the reinstatement of clients previously denied services due to unlawful debanking. The Treasury Secretary is tasked with developing a comprehensive strategy to combat debanking activities, while federal regulators are instructed to review financial institutions for discriminatory policies and take remedial actions, including potential fines or consent decrees. “The banks discriminate against conservatives, they discriminate against religion, because they’re afraid of the radical left, I suspect,” Trump said. “Nobody knows the banking industry better than me, and I’m not going to let them take advantage of you any longer.” The order responds to several reported incidents, including a major bank’s denial of ticket-payment processing for a Republican event. Federal regulators were found to have encouraged banks to flag transactions with companies like Bass Pro Shop or Cabela’s, or payments using terms like “Trump” or “MAGA,” without evidence of criminal activity. The digital asset industry has also faced similar banking restrictions. The Senate Banking Committee held a hearing earlier this year featuring testimonies from individuals who experienced account closures. Share this article Read More

Regulation Home » Regulation » SEC and Ripple to wrap up years-long legal battle after dropping XRP appeals in Second Circuit Powered by Gloria | Edited by Vivian Nguyen Aug. 7, 2025 The SEC first sued Ripple in December 2020, alleging the company and its executives raised more than $1.3 billion through an unregistered securities offering of XRP. Key Takeaways The SEC and Ripple have agreed to withdraw their appeals in the XRP litigation, ending a major phase of their legal battle. The district court’s ruling that XRP sales on public exchanges are not securities transactions remains in effect. Share this article The US Securities and Exchange Commission (SEC) and Ripple Labs have filed to dismiss their respective appeals in the long-running XRP case, a move that will formally close one of the highest-profile crypto enforcement actions in crypto history, the SEC announced Thursday. In an Aug. 7 joint stipulation lodged in the US Court of Appeals for the Second Circuit, the two parties agreed to withdraw both the SEC’s appeal and Ripple’s cross-appeal. Those filings followed a final judgment in the Southern District of New York imposing a $125 million civil penalty on Ripple. The SEC appealed the ruling to challenge Judge Analisa Torres’ finding that XRP sales on public exchanges and certain token distributions didn’t violate securities laws, while Ripple cross-appealed the court’s decision holding it liable for unregistered institutional sales. The SEC said in a litigation release that the stipulation “resolves the Commission’s civil enforcement action” against Ripple and the two executives. The underlying district court judgment will remain in force, and no further litigation is pending in the case. “Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” said Stuart Alderoty, Chief Legal Officer of Ripple. “The end…and now back to business.” What comes next? Following today’s joint stipulation, the US Court of Appeals for the Second Circuit is expected to issue an order dismissing both the SEC’s appeal and Ripple’s cross-appeal, formally closing the appellate docket. That leaves intact Judge Torres’ Southern District of New York judgment imposing a $125 million civil penalty on Ripple and permanently enjoining the company from violating the Securities Act registration provisions. With no further appeals or modifications pending, the case moves into the enforcement phase, in which Ripple must pay the penalty within the required time frame and comply with the injunction’s terms. Once payment is made and no motions remain, the district court will administratively close the matter, and the SEC will treat the enforcement action as resolved. Share this article Read More

You are here: Home / News / ZORA Price Soars 38% in a Day: Can the Rally Break All-Time Highs? ZORA’s price surged 38.19% in 24 hours, with trading volume rising 52.32% to $264.44 million. The coin has gained 114.21% in the past week, positioning it among the top market performers. The overbought conditions are indicated by the RSI at 77.08, while the MACD indicates that the strong bullish momentum is continuing. ZORA is currently trading at $0.1323 with a growth of 38.19% in the past 24 hours. The trading volume is showing a strong bullish surge, up 53%, and is currently at $264.44 million. This implies high activity and an influx of investor interest. Source: CoinMarketCap In the last seven days, the price of ZORA has experienced an impressive gain of 114.21%. This substantial rise suggests that the coin is on a huge upward trajectory. The recent performance places ZORA among the leading performers in the market. ZORA Price Set to Surge as Bullish Momentum Drives Growth Crypto Jobs, a cryptocurrency analyst, highlighted that ZORA is experiencing a strong uptrend and bullish pressure. Analysts predict that the price might rise up to 20-30%, bringing the coin to a strong psychological figure. ZORA breaks the $0.1250 and $0.1300 area resistance and aims for ATH. Source: X If ZORA can break and hold above its all-time high (ATH) and upper channel high, it is possible to expect more growth. But this should be taken with caution because sell pressure may be generated as early buyers start taking profits. ZORA needs to be above $0.08800 to sustain the bullish pace. The recent tendency does not weaken, and therefore sticking to it is the safest measure. Source: X Also Read: Ethereum Breaks Past $4K, Back to 2021 Levels but Stronger Than Ever MACD and RSI Suggest Continued Bullish Growth for ZORA The RSI of ZORA is 77.08, and it is currently regarded as overbought. Once the RSI crosses 70, market resistance is overbought and could cause a brief price decline. Nonetheless, the momentum still remains positive in an overall upward direction. Traders are advised to expect some pullbacks, yet the overall position is optimistic. Source: TradingView The MACD indicator (Moving Average Convergence Divergence) also suggests that the bull formation will persist. The MACD line is above the signal line, and this supports the very strong trend upwards. The histogram is positive as well, which means that further positive rates in the short run are possible.  Open Interest Up, Market Growth Sparks Caution According to the CoinGlass data, the market activity of ZORA has grown tremendously, increasing the volume by 67.27%, up to $927.75 million. The open interest has also soared up by 43.49% to $155.36 million. The ZORA OI-Weighted Funding Rate is at -0.0030%. This figure suggests that traders may be taking short positions, which introduces a degree of caution regarding the overall market sentiment. Source: CoinGlass The recent performance of ZORA presents a bullish momentum and investor interest. The impressive price gains and trading volume of the coin indicate the rising confidence in the potential.  The short-term volatility might rise when the situation is overbought; it does not affect the general mood, which keeps on being positive due to good technical factors. ZORA might still experience tremendous growth, and thus it would be a coin to monitor over the coming days. Also Read: Nvidia & AMD Agree to Pay 15% of China Chip Sales to US for Export Licenses About Yahya Raza Sherazi Yahya Raza Sherazi is a crypto news journalist at TronWeekly, focusing on delivering clear insights into the latest trends in cryptocurrency and blockchain technology. Committed to educating and empowering readers, he aims to make the complex world of crypto accessible and understandable. Read More

You are here: Home / News / Nvidia & AMD Agree to Pay 15% of China Chip Sales to US for Export Licenses Nvidia and AMD will pay the US government 15% of the sale of their chips in China to obtain export licenses. The transaction enables Nvidia and AMD to continue supplying AI chips to China despite the trade conflict with the United States. Rising concerns about the H20 chip’s potential military use in China as US export policy undergoes changes. The US government will receive 15% of the revenue generated by the sales of Nvidia and AMD chips in China. This is the first breakthrough regarding US policy in export control, as this agreement was made after the export licenses were issued last week. The deal enables the firms to continue providing China with semiconductors in line with the regulations of the Trump administration. The Financial Times reported Nvidia would share 15% of its H20 chip revenue, and AMD would do the same with its MI308 chips. These chips are critical to the development of artificial intelligence. A US official who is acquainted with the arrangement confirmed the deal, but the government has not made a decision on the spending of the funds. Nvidia and AMD’s Deal Fuels Export Control Debate The unusual structure has drawn controversy. According to experts, no US company has ever conceded to share revenues with the government as part of an export license agreement. The transaction has been hailed as a monetary motivation for company conformity with export controls. Such regulations have been a contentious issue as part of the trade war between the US and China. The US Commerce Department approved the licenses of both Nvidia and AMD chips a few days after Nvidia CEO Jensen Huang met President Donald Trump. The licenses give the companies a right to sell their semiconductors in China, yet critics fear that the chips will enable China to enhance its AI and thus military power, gaining it a possible military advantage. Source: Nvidia Also Read: GMX Targets $20.23 as Volume Surges Over 2,000% H20 Chip’s Military Concerns Spark Debate US security officials have expressed their concern that the H20 chip would have the potential of enhancing China’s military processes. They have cautioned that these technologies could weaken US leadership in artificial intelligence. But Nvidia has rejected these claims and said that the chip will not be used in the military. Nvidia’s decision to participate in the revenue-sharing agreement is a sign of a shift in US export control policy. In the past, the government has encouraged businesses to invest in their country in order to circumvent tariffs. Nevertheless, export licenses are currently being employed as a mechanism to increase revenue to the US through overseas sales. The deal has stirred up issues concerning the US-China trade relations. The Trump administration is in negotiations to liberalize export regimes related to high-bandwidth memory chips, and it may affect the future of international technology exports. Also Read: Ethena Targets $0.78 as Ecosystem Growth Gathers Momentum About Yahya Raza Sherazi Yahya Raza Sherazi is a crypto news journalist at TronWeekly, focusing on delivering clear insights into the latest trends in cryptocurrency and blockchain technology. Committed to educating and empowering readers, he aims to make the complex world of crypto accessible and understandable. Read More

You are here: Home / News / GMX Targets $20.23 as Volume Surges Over 2,000% GMX launches first SPY/USD RWA perpetual, boosting DeFi-TradFi integration. Price targets $20.23 as bullish momentum aligns with rising derivatives volume. Open interest jumps 130.74%, signaling long-term trader commitment and market optimism.  GMX derivatives trading volume has exploded following a wave of ecosystem upgrades and market launches. The spike follows the launch of its first real-world asset perpetual market. GMX-Solana’s RWAs Launch and Major Ecosystem Upgrade GMX-Solana introduced its first real-world asset (RWA) perpetual contract market, SPY/USD, tracking the S&P 500 ETF. The launch of SPY/USD perpetuals marks a milestone for GMX’s evolution. The market uses Chainlink’s price feeds to guarantee data accuracy. However, Chaos Labs provides risk parameters to maintain trading stability. The combination allows traders to access traditional equity exposure through a decentralized derivatives platform. This closes the distance between DeFi and TradFi. The GMX team has confirmed that this is only the first of several planned RWA perpetual markets. It suggests a clear strategy to diversify trading products and attract new user segments. Alongside the market debut, GMX-Solana deployed version 0.7.0 on mainnet, a major technical upgrade for the ecosystem. The release includes full Rust SDK support. Hence, developers can build integrations more efficiently, expanding the potential for third-party tools. Furthermore, the upgrade enables GT token minting through order and borrowing fees, introducing new reward systems to boost the trading activity. This increased fee-based minting system enhances the utility of the token and increases user participation on the platform. Strong Rally Could Lead to GMX Touching $20.23 The chart shows that GMX bullish action continued with a long-term consolidation above $16. It bursts upward to a new intraday high of $25, then corrects back to $18.30. The immediate resistance is now the $20.23 VWAP level. This is in harmony with the 0.236 Fibonacci retracement box above the $28.50 swing high. A move above $20.23 on the daily close would make it target the 0.382 retracement of previous highs at $22.68. Then, the next target is at $25. The current support is at $17.73, which was at the 0.618 retracement. Fib. and Volume. Source: TradingView It has stronger support around the previous breakout area ($16). If the support fails to hold above $16, it will lead to a stronger decline to the 0.382 retracement at $13.24. The volume of the breakout was much higher than the averages in recent times, showing strong buying conviction. But the rapid decline to $25 is proof of profit-taking. The bullish market structure would be maintained if the token keeps trading over $18. It would also prepare GMX for retesting at high levels of resistance. Also Read | Decentraland (MANA) Breaks key pattern, Targets $0.58 Amid Bullish Momentum Breakout Hints At Strong Upward Momentum The reading of RSI stands at 69.80, just above the overbought mark, indicating selling pressure. The MACD line is above zero, with the blue line at 0.85 being higher than the signal line at 0.19. This implies that the bullish trend isn’t over yet. This is a price activity that occurred after a breakout from long-term consolidation. The rally has taken the token’s price to the heights it was at months ago before profit-taking caused the current retracement. The sharp gains enabled GMX to approach the psychological level of $20, but it was rejected. Although MACD momentum is still positive, the RSI is positioned near overbought levels. MACD and RSI. Source: TradingView This creates a possibility that the bullish streak is entering a cooling phase. The closest support level that the buyers can seek to protect is around the $18 level. This volatility in GMX indicates a great interest among traders. But its sustainability will depend on the continuation of key support areas. The upcoming sessions will be important in determining whether there will be a continuation of the breakout or a return to consolidation. Volume and Open Interest Derivatives Rise The derivatives data from Coinglass indicated that daily volume has increased by 2,083.01% to $1.10 billion. In the meantime, the open interest rose by 130.74% to $43.32 million. The 130.74% increase in open interest indicates that traders are not merely opening positions but also taking them over the longer term. The volume of this trading activity demonstrates that the launch of RWA has achieved speculative momentum. Hence, it has attracted liquidity from retail and institutional investors. Source: Coinglass Due to its ecosystem growth, high technical momentum, and a new record activity in derivatives, GMX is regaining relevance. In the short term, the breakout price of $20.23 would be an evident indicator. Then, whether the bulls can help it remain above that price could determine price development in the following quarter. Also Read | PancakeSwap CAKE Forecast 2025: Will the Price Hit $6 or More? About Paul Adedoyin Paul Adedoyin is a seasoned crypto journalist with over four years of experience, known for delivering timely news, in-depth research, and SEO-optimized content on crypto, Web3, and DeFi. With a BSc in Geophysics, he brings a strong analytical edge to his writing. His work has been featured on platforms like U.Today and CryptoMode. Read More

You are here: Home / News / Altcoin News / SUI Price Prediction 2025: Can Sui Break $4.60 and Head Toward $8.50? SUI holds gains despite minor daily dip, signaling underlying market strength. Analysts eye $4.6 breakout, with $4.2–$4.46 as critical resistance zone. 2025 forecasts show wide divergence, ranging from $3.33 to over $8.50. Sui (SUI) is currently trading at $3.87, losing 1.51% in the last day. Despite this minimal loss, there’s still healthy trading with volumes up 5.44% within one day to $1.3 billion. In the last seven days, the coin has risen 13.52%, remaining stable and holding strong amidst volatile movements in many markets. The recent rise started after the price stayed around $3.20, a key support level according to analysts. This support helped fuel the latest rally and keeps SUI close to breaking into higher price levels. Technical Buyers Drive Market Momentum Crypto analyst Crypto Eagles indicates that technical configuration for it has moved in favour of the bulls. From the $3.20 order block, the currency has rallied, overcoming past market structure and closing significant fair value holes. Recent price movement is continuing on track toward the $4.20–$4.46 supply area. From this analysis, a break above this region would push the coin significantly toward $4.60 or better. The break would most likely come from technical buyers who are looking for where the next resistance will be as well as speculative buying if there is an acceleration in momentum. Even as near-term sentiment is bullish, investors are vigilant regarding reversals should supply zone resist and selling pick up. Source: X Also Read | SUI Targets $4.50 as Swiss Bank Partnership Powers Price Rally SUI Price Predictions Show Mixed Signals for 2025 SUI’s longer-term predictions offer a divided outlook among top prediction platforms. DigitalCoinPrice outlines a positive bullish trend, forecasting the coin to cross $8.52 during 2025’s final quarter, potentially toppling its previous all-time high at $5.35 in the process. Their forecast indicates the coin would first try out the $5.35 level before proceeding into the $8.29–$8.52 band. Compare that to Changelly’s technical forecast in 2025, which is much less optimistic. Their forecast sets SUI’s low at $2.86 with a high at $3.33 and an overall annual price at around $3.79. Changelly also calls for a 200% ROI, though their August 2025 forecast ranges from $2.67 to $3.79. Also Read | SUI Secures Swiss Bank Integration for Institutions and Targets $6.7 Price Rally About Sajjal Ali Senior Crypto Journalist with 3+ years of experience in the cryptocurrency and blockchain industry. Currently writing for TronWeekly, with previous work featured on BTCRead, Streamingsites, and Crypto On Us. Skilled in market analysis, trend forecasting, and content creation, with a strong track record of high-impact journalism and industry engagement. Read More

You are here: Home / News / Altcoin News / Decentraland (MANA) Breaks key pattern, Targets $0.58 Amid Bullish Momentum MANA signals strong potential for a bullish trend. MANA targets $0.58 after breaking the descending channel. Rising volume supports bullish momentum despite a drop in open interest. Decentraland (MANA) has broken out of its third straight descending channel, signaling a potential trend reversal. Despite a 1.26% daily dip, the token is trading at $0.3076, up 11.24% over the past week. At the time of writing, MANA’s 24-hour trading volume stands at $35.11 million, down 1.66%, with a market capitalization of $605.93 million. The daily dip appears to be part of a short-term correction after a larger bullish breakout. MANA Third Descending Channel Breakout Signals Reversal Crypto analyst Jonathan Carter has flagged a significant development on MANA’s daily chart: a confirmed breakout from its third consecutive descending channel. This chart pattern, often associated with downward price pressure, has now been broken to the upside, typically a strong signal of trend reversal. What makes this breakout more convincing is the spike in trading volume, indicating strong buyer participation. Historically, MANA has formed bullish breakouts from similar patterns, including a large falling wedge earlier this year. Key price support has consistently held between $0.215 and $0.230, and with the price now pushing above $0.30, the path toward higher resistance levels appears clearer. Source: X Jonathan Carter’s technical analysis points to upper targets at $0.35, $0.44, and $0.58. One would expect a quick correction back into the $0.30–$0.32 range in the near term, but until the RSI breaks above the overbought level, there still seems to be further upside available. Also Read: Decentraland (MANA) Price Drops, Aptos (APT) Price Increases, Orbeon Protocol (ORBN) Thrives Market Sentiment Remains Mildly Positive CoinGlass data shows that the market outlook is mixed but leaning optimistic. Trading volume has jumped 11.84% to $45.65 million, signaling renewed interest. However, open interest, the total number of outstanding futures contracts, has slipped 2.22% to $54.78 million, which may suggest some traders are locking in profits or reducing leverage. Price & Volume and OI Trends | Source Coinglass Despite this, the OI-weighted sentiment remains slightly positive at 0.0096%, showing that market participants lean mildly bullish. Analysts suggest that MANA could enter a consolidation phase before its next big move, as interest remains steady but cautious. If bullish sentiment continues, MANA’s latest breakout could open up longer rally possibilities, perhaps to around $0.58 in the near term. Also Read: Best Altcoins To Invest In 2025? DeSoc, BlockDag Or Litechain AI? About Tina Fatima Tina Fatima is a seasoned crypto writer with over two years of experience covering Bitcoin, altcoins, DeFi, and market trends. Known for her sharp market insights and clear explanations. Read More

[PRESS RELEASE – Dubai, United Arab Emirates, August 11th, 2025] MultiBank Group, the world’s largest financial derivatives institution, has kicked off 2025 with $209 million in H1 revenue, up 20% compared to the previous year, and $170 million in profits. In April, the Group set a single-day trading record of $56 billion, with high client activity sustained across its global platforms. Investor excitement peaked in July with the launch of the $MBG Utility Token on MultiBank.io, MEXC, Gate.io, and Uniswap. Since its debut on 22 July, $MBG has surged to roughly seven times its launch price, reflecting strong customer sentiment. The $MBG token powers MultiBank’s four-pillar ecosystem: MultiBank FX/CFDs: Traders can use $MBG for fee discounts and enhanced platform access, while introducing brokers and social traders may benefit from token-based rebates and loyalty tiers. MEX Exchange (Institutional ECN): A hybrid FX and crypto ECN for emerging markets, where $MBG automates settlement, reduces counterparty risk, and enables smart contract-based margin and delivery versus payment (DvP). MultiBank.io (crypto exchange): Regulated in the UAE, Australia, and Seychelles, the platform offers spot and leveraged trading. $MBG is used for trading fee discounts, launchpad access, staking, and token buy-in events. MultiBank.io RWA: Built on Mavryk’s layer-1 blockchain, this arm follows a $3 billion real estate tokenization agreement with MAG Lifestyle Development. $MBG holders receive fee discounts, early project access, and benefit from revenue-linked token burns that gradually reduce circulating supply. “Delivering $209 in revenue in just six months highlights the effectiveness of our core businesses and the trust our clients place in us worldwide,” said Naser Taher, Founder and Chairman of MultiBank Group. “The subsequent growth of our $MBG Utility Token shows how our digital asset program can build on that performance and create further value for stakeholders.” With more than two million users, licenses from 17 regulators worldwide, and an unblemished compliance track record since 2005, MultiBank Group is scaling its blockchain and risk infrastructure to accelerate digital asset adoption and DeFi participation worldwide. ABOUT MULTIBANK GROUP MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

Total crypto capitalization is at an all-time high $4.14 trillion following big gains by both Bitcoin and Ethereum during early trading in Asia on Monday morning. The move has eclipsed the previous market capitalization peak on July 23. Total crypto capitalization has gained 22% since the beginning of the year, as around $750 billion has flowed into digital assets. The inflow is pretty close to the $820 billion that represented the entire market cap during the bear market crash in November 2022. However, the entire crypto market is still worth less than one US corporation – Nvidia, which has a total capitalization of $4.45 trillion. “Now is the most unclear timeline I’ve seen, the market is at ATH, but no one knows what’s next,” said analyst ‘cyclop’. Ethereum’s Massive Move The big move has been driven by Ethereum, which has continued to rally, reaching $4,332 on Monday morning. This is the highest price ETH has seen since December 2021, more than three and a half years ago. It has gained 46% over the past month as its rally continues, largely driven by institutional ETPs and corporate treasury accumulation. The asset also closed its largest weekly candle since November 2021. ETH treasury companies have now hoovered up more than 3 million ETH worth around $13 billion in just four months, according to SER. As a result, ETH market capitalization has surged to $522 billion, which makes it larger than MasterCard and Netflix. Ethereum just flipped Mastercard by market cap.$ETH – $521.9B$MA – $519.1B pic.twitter.com/EO60IYiN0u — CoinGecko (@coingecko) August 11, 2025 Bitcoin has also done well today, surging 3.3% to top $122,000 on Monday morning, bringing the asset to within $1,000 of a new all-time high. BTC has now erased all losses made earlier this month and is heading for new price discovery. No Altseason Yet Altcoins are not mirroring the momentum of the top two, with very little daily movement for XRP, Binance Coin (BNB), and Solana (SOL). Hyperliquid (HYPE) is the top-performing higher-cap altcoin today with a 5.6% gain to top $46. The derivatives DEX token is now just 7% away from its all-time high. Ethena (ENA) was also having a good run with an 11% gain on the day, but the rest of the altcoins were mostly flat. Altseason could be close, according to analysts. Bitcoin dominance is down 10% since it peaked, and altcoin market shares are inching higher. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

Crypto and stock markets have continued to rally despite ongoing tariff uncertainty. The rally may have been aided by some signs of economic softness and increasing odds of a rate cut in September. However, analysts tend to think that the path ahead may remain choppy, with trade, macro, and geopolitical developments still casting darker clouds over markets. This week, all eyes are on inflation data and consumer sentiment reports, which could also sway the Federal Reserve in September. Economic Events August 11 to 15 July’s Consumer Price Index (CPI) report, not including food and energy, is due on Tuesday, and this is one of two primary gauges of inflation. Policymakers, businesses, and consumers closely monitor the CPI report, as it reflects price trends across the economy and shapes sentiment. It is expected to come in firmer at 2.8% from 2.7%. July’s Producer Price Index (PPI) report is due on Thursday, and this is another leading indicator of inflation as it reflects input costs for producers and manufacturers and impacts retail prices. Friday will see July’s retail sales data released, indicating how much consumers are spending on durable and non-durable goods and highlighting overall economic health. This is followed by the consumer sentiment and consumer inflation expectations preliminary readings, which summarize the findings of a monthly survey measuring consumer confidence and long-term inflation expectations in the US. Key Events This Week: 1. OPEC Monthly Report – Tuesday 2. July CPI Inflation data – Tuesday 3. July PPI Inflation data – Thursday 4. July Retail Sales data – Friday 5. MI Consumer Sentiment data – Friday 6. Total of 5 Fed speaker events It’s a big week for inflation data. — The Kobeissi Letter (@KobeissiLetter) August 10, 2025 The current probability of a September rate cut stands at 88%, according to the CME futures Fed Watch tool. Earnings season is now nearing completion, so eyes are shifting to Nvidia, which is scheduled to report on August 27. Crypto Market Outlook Weekend momentum, which spilled over into Monday morning in Asia, has pushed total market capitalization up 2% on the day to an all-time high of $4.13 trillion. Bitcoin jumped more than 3% early on Monday to a four-week high of $121,850, as it came to within $1,000 of its all-time high. A new peak now seems inevitable. Ethereum was also outperforming, surging to an almost four-year high of $4,320 in early trading this week. ETH is now just 11.5% away from its 2021 all-time high. Only the top two were really making moves, and the rest of the altcoins were flat, aside from Hyperliquid and Chainlink, both adding more than 4% on the day. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More