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Top asset managers like BlackRock, Fidelity, and Grayscale have been on a heavy Ethereum accumulation spree, scooping a total of 155,620 ETH on August 13, through their Ether ETF funds. The BlackRock iShares Ether Trust (ETHA) alone contributed $500 million in inflows yesterday. Within the first three days of the week, the ETFs have already
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The post Fed Official Kashkari Backs Two Rate Cuts in 2025; Rate Cut Odds Hit 93% appeared first on Coinpedia Fintech News
There are growing concerns at the Fed over an economic slowdown, and calls for rate cuts are getting louder. Now, a key official has joined the chorus ahead of the critical September meeting.
The latest to back a September rate cut is Federal Reserve Bank of Minneapolis President Neel Kashkari.
In a recent interview with CNBC, Kashkari said that the Fed may need to cut interest rates soon as signs of a slowing economy grow stronger.
While the full impact of new tariffs is still unclear, he believes that it’s time to act on the data already showing weaker growth. Kashkari, who will be a voting member of the Fed’s interest-rate committee next year, joins other Fed policymakers who are supporting easing rates to help the economy.
Kashkari had previously hinted in June that a September cut was possible. He pointed to weakening jobs data and softening growth, saying the Fed can’t wait too long for clarity on tariffs while the broader economy cools.
The odds of a rate cut in September have climbed over 93% as per the CME FedWatch Tool. Kashkari says two rate cuts this year still seem like a reasonable path. But if new tariffs start driving inflation up more than expected, then the Fed might need to hit pause or even raise rates again.
Just recently, San Francisco Fed President Mary Daly said that the time for interest rate cuts is approaching and there may even be a need for more than two cuts this year. Daly said there’s no clear sign yet that tariffs are driving inflation higher. But she warned that waiting too long could be risky.
The Fed held interest rates steady at 4.25-4.50% at the last meeting. But two top officials, Christopher Waller and Michelle Bowman, disagreed. This shows that support for rate cuts is growing even inside the Fed.
President Trump also continues to push for a Fed rate cut and has even called for a drastic 300-basis-point cut, although such a move is widely seen as unlikely. To support his stance, he plans to appoint a pro-rate-cut candidate to replace outgoing Fed Governor Adriana Kugler.
Trump is also narrowing his list of candidates to succeed Jerome Powell as Fed Chair in 2026. The shortlist includes Kevin Hassett, Kevin Warsh, and two unnamed contenders. Treasury Secretary Scott Bessent has been ruled out as he prefers to stay in his current role.
The decision could have a lasting impact on U.S. monetary policy. While Trump has criticized Powell for keeping rates high, he says replacing him early remains “highly unlikely.” With Kugler stepping down, Trump will now get to name another Republican on the Fed board, potentially someone who could later become chair.
The post Fed Official Kashkari Backs Two Rate Cuts in 2025; Rate Cut Odds Hit 93% appeared first on Coinpedia Fintech News
There are growing concerns at the Fed over an economic slowdown, and calls for rate cuts are getting louder. Now, a key official has joined the chorus ahead of the critical September meeting. The latest to back a September rate cut is Federal Reserve Bank of Minneapolis President Neel Kashkari. Kashkari Signals Support for Rate …
Sui Network (SUI) has hit a new milestone, with its total value locked (TVL) surging to new highs of over $2.1 billion.
This explosive growth is due to strong stablecoin inflows and heightened market momentum fueled by its recent partnership with tech giant Microsoft.
Data on DefiLlama shows Sui TVL stood at $2.107 billion as of this writing. It is up by over 104% since its yearly lows of $1.031 billion recorded in March, with the growth signaling increasing user participation, market confidence, protocol growth, and liquidity.
In the same way, data on Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours. Specifically, the total stablecoin supply on the network exceeded the $1 billion mark.
“Sui Network tops the charts with $148 million net stablecoin inflows in the past 24hrs,” wrote Adeniyi Abiodun, Mysten Labs co-founder and CPO, in a Tuesday post.
Mysten Labs is the creator of the Sui blockchain, a Layer 1 platform focused on high throughput and low latency.
Meanwhile, the volume of weekly decentralized exchange (DEX) has also reached new highs. This suggests a sharp uptick in user activity and liquidity across the Sui ecosystem.
“Sui hits new all-time high in weekly DEX volume,” on-chain analyst ToreroRomero observed in a post.
A broader narrative of enterprise adoption underpins this bullish market structure. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time.
This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time. The move paves the way for a new wave of institutional-grade blockchain applications.
“Just announced at MSBuild: Space and Time indexed blockchain data will be integrated with Microsoft Fabric. As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric,” said Space and Time in a statement.
MySten Labs executive Adeniyi Abiodun emphasized the long-term vision, projecting Sui blockchain’s growth in the next five years.
“Mark my words, by 2030, in-game ownership will be baked into every major game out there and Sui Network will be the backbone making it all happen,” Abiodun predicted.
Technical market signals also reflect the bullish fundamentals. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback.
“Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone….Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength,” they wrote on X.
At the time of writing, SUI is trading around $3.87, down by 0.22% in the last 24 hours. According to the analysts, however, a drop below $3.60 could invalidate the pattern, but for now, sentiment remains decisively positive.
Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui.
With surging TVL, institutional-grade partnerships, and accelerating developer adoption, Sui appears well-positioned for continued expansion.
The post SUI TVL Rises as Microsoft Integration Sparks Institutional Momentum appeared first on BeInCrypto.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has suggested the firm may be preparing for another significant Bitcoin purchase.
His hint comes as Bitcoin gains fresh upward momentum, crossing the $100,000 threshold for the first time in months.
On May 11, Saylor posted a screenshot of the company’s Bitcoin portfolio tracker on the social media platform X, accompanied by the phrase “connect the dots.”
Although brief, the post follows a familiar pattern of Saylor using cryptic messages ahead of official announcements. These messages typically indicate that the firm is preparing to add more BTC to its balance sheet.
According to the Saylor Tracker platform, Strategy now holds 555,450 BTC, currently valued at more than $58 billion. This makes the firm the largest corporate holder of the top crypto globally.
Meanwhile, Strategy’s bold Bitcoin approach has influenced several other firms to follow suit.
For context, Japan’s Metaplanet, which now holds over 5,000 BTC, has earned comparisons to MicroStrategy in Asia. The firm recently launched a US-based unit to scale its Bitcoin strategy beyond regional borders.
At the same time, competition is intensifying in the US corporate Bitcoin space. Leading banking giant Cantor Fitzgerald, in partnership with stablecoin issuer Tether, has launched a joint $3 billion initiative to build a dedicated Bitcoin treasury firm.
Elsewhere, Vivek Ramaswamy’s Strive has merged with Asset to create another contender in the space.
Strategy’s hinted purchase comes amid Bitcoin’s 10% surge during the past week, which pushed it above $100,000 for the first time since February.
As of press time, BTC trades at approximately $104,621, just 4% below its January all-time high of $109,021.
Market analysts at Santiment pointed out that current market sentiment is strongly bullish, which could result in a short-term correction. They note that heavy retail enthusiasm and media hype often coincide with local market tops.
“With Bitcoin breaching the all-important $100K psychological resistance for the first time since Feb. 3rd. Sentiment is quite bullish at the moment, which can be a double-edged sword for upcoming price movement from here,” Santiment noted.
Still, Saylor remains confident in the top asset’s long-term value. According to him, Bitcoin should already be trading at $150,000 if not for the recent selling pressure, which reflects short-term holders taking profits.
Nevertheless, he expects long-term investors to continue driving the rally forward in the weeks ahead.
The post Michael Saylor Hints at New Bitcoin Purchases As BTC Eyes an All-Time High appeared first on BeInCrypto.