Fed’s Goolsbee: Message of Moderation on Interest Rates
Fed member Austan Goolsbee said interest rates could stabilize around 3% in the long term. He stated that they would be satisfied if inflation returned to 2%. He also emphasized the critical importance of preserving the Fed’s independence. He explained that he is not currently considering an aggressive 50-basis-point cut, but that gradual cuts could be on the agenda if inflation moves toward the target.
U.S. Current Account Deficit Improves Above Expectations
The U.S. current account deficit for the second quarter was recorded at -$251.3 billion. This level represents the smallest deficit seen since the third quarter of 2023. The data points to a relative improvement in foreign trade and financial flows.
Glassnode: Long-Term Investors at Record Profit
On-chain analysis platform Glassnode announced that long-term Bitcoin investors have earned a total of 3.40 million BTC in profits during this cycle. This stands out as a historic record compared to previous cycles. Glassnode’s chart measures the cumulative gains long-term investors have earned up to the peak of the cycle.
SharpLink ETH Staking Earnings
Nasdaq-listed Ethereum treasury company SharpLink announced that it earned 509 ETH in staking rewards last week. Under the strategy it launched in June 2025, the company’s total staked ETH amount reached 3,749. The company did not make any new ETH purchases or buybacks last week and announced that it would not issue a press release on the matter.
JPMorgan: US Growth Slowing
JPMorgan Chase forecasts that the US economy will slow to a near standstill over the next two quarters. The bank states that weakening macro indicators will suppress the pace of growth.
CryptoQuant: Panic Selling Among Short-Term BTC Investors
According to CryptoQuant data, the SOPR ratio of short-term Bitcoin investors has fallen below 1. This indicates that investors are selling at a loss and experiencing a typical panic sell-off. A total of $3.39 billion worth of BTC was sold off in this manner. Additionally, new whales recorded a loss of $184.6 million, while existing whales recorded a loss of $26.3 million. Negative pressure on the trend continues in the short term.
Fold Launches New Bitcoin Rewards Credit Card
Bitcoin financial services company Fold announced that it will launch a Bitcoin rewards credit card in partnership with Stripe and Visa. The card offers 2% instant cashback on purchases, which can go up to 3.5% for purchases made with a Fold account. It also provides the opportunity to earn up to 10% extra rewards at brands such as Amazon, Starbucks, and Uber.
HYPE Whale Continues Selling
A HYPE whale sold 178,000 HYPE ($8.6 million) today and received 75.63 BTC in return. The same address started selling another 232,000 HYPE ($11.1M) from a new wallet. The whale, which has sold a total of 1.26M HYPE and accumulated 401 BTC so far, still holds 3.8M HYPE ($183M).
Fnality Secures $136M Investment
London-based blockchain payment company Fnality has completed a $136M Series C round led by WisdomTree. The investment also saw participation from giants like Bank of America, Citi, Temasek, and Tradeweb. The company aims to target the $120 billion cross-border payments market by establishing a CBDC-based regulated payment system.
Ethena TVL Surpasses $16 Billion
The total value locked (TVL) in Ethena Labs’ stablecoin products USDe and USDtb surpassed $16 billion, reaching a historic high. Binance’s reward program, offering up to 12% annual returns, contributed to the increased demand.
Transfer from Space ID to YZi Labs
Space ID transferred 20 million ID tokens ($3.06 million) to an address associated with YZi Labs. YZi Labs has received a total of 100 million ID tokens ($27.8 million) since 2024, making this asset the largest position in the address.
TRON Celebrates Its 8th Anniversary
The TRON ecosystem has reached 330 million global accounts and $28 billion TVL in its eighth year. With an average of 210,000 new accounts added daily, the number of active accounts has reached 2.92 million. TRON’s USDT issuance has exceeded $78.6 billion, and the platform continues to grow by collaborating with institutions such as MetaMask, Chainstack, and MoonPay.
