Wall street’s main indexes trimmed their early gains amid concerns over the Federal Reserve’s independence, following a report that Fed Governor Christopher Waller was President Donald Trump’s top candidate for the central bank’s chair post.
Ripple announced that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025. The company said the move aims to expand its enterprise-grade digital asset infrastructure
The dollar dropped and the euro hit a one-week high as traders bet that the Federal Reserve will cut rates more times than previously expected this year, following weaker than expected jobs data for July.
Wall Street gained, boosted by a string of largely upbeat corporate earnings, while rising expectations of a Federal Reserve interest rate cut provided additional support. Odds for next month’s rate cut stand at 93.2%
Gold prices eased as investors booked profits after prices hit a near two-week high in the previous session, while the market’s focus shifted to U.S. President Donald Trump’s upcoming Federal Reserve nominations.
United States spot Ether ETFs recorded almost half a billion dollars in daily net outflows, marking their highest in a single day since launch. This was their second day of outflows since breaking a 20-day inflow streak on Friday.
