Standard Chartered has raised its price forecast for Ethereum for 2025 to $7,500 from a previous $4,000. The reason cited is the increase in institutional purchases and the acceleration of stablecoin adoption following changes in U.S. legislation.
The bank noted that much has changed since the previous forecast in March.
🔷 Among the key factors is the active participation in the development of the ecosystem by the Ethereum Foundation and Etherialize. $ETH
📊According to CoinGlass data, liquidity is concentrated around $115,300 — serious resistance is forming here.
🐻The chart clearly shows a cluster of large sell orders that could pose a barrier to further growth.
🤑Thus, for a breakout above the $115,300 level, BTC will require significant volume. If the downward bounce continues, likely holding zones are $113,500 and $112,800.
🔼The Probability of a Fed Rate Cut in September is Rising
San Francisco Fed President Daly, considered to be Trump's person at the Fed, told Reuters that the time for a rate cut is approaching. Here are her comments: 🔴The decision not to cut rates in July was correct, but delaying further is becoming increasingly difficult. Every meeting is now seen as an opportunity to reassess policy.
🔴Two rate cuts this year still seem reasonable — it is important that they happen at all, not so much when.
🔴If inflation rises or the labor market strengthens — fewer cuts may be needed. But if the market continues to weaken, more may be required.
📈Against this backdrop, the probability of a rate cut in September has risen to 92%, which has spurred growth in the crypto market.
🗣According to Bloomberg, Trump will name a new Fed governor and BLS head this week.
🤑Trump's crypto advisor and founder of Bitcoin Magazine David Bailey intends to launch a political committee (PAC) with a budget of $200 million to promote Bitcoin in the U.S.
🇺🇸The White House is preparing an order against banks that discriminate against conservatives and cryptocurrency companies, which will include penalties and sanctions.
Today, staying true to its traditions, Metaplanet has bought Bitcoin. This time, it acquired another 463 BTC for $53.7 million. Now, Metaplanet has more than 17,500 BTC in its account.
⚡️Another BTC purchase is expected today from Michael Saylor; he always buys specifically on Mondays.
📊It is also interesting to see what capital inflow ETFs will record after the outflow last week.
📈The BTC network hashrate, or the so-called mining difficulty of Bitcoins, has reached an ATH of 127.6 trillion. This indicates that only large mining companies are surviving in the market.
🏦As of the first quarter of 2025, American banks have unrealized losses of $413 billion. Banks urgently need a low Fed rate.
👋Trump Media reports $3.1 billion in assets, positive cash flow in the first quarter, and accumulating $2 billion in BTC in the second quarter. The company also plans to issue utility tokens in the Truth digital wallet ecosystem. $BTC $ETH $XRP
📊REPORT: This week, Ethereum ETFs recorded a total net inflow of funds, while BTC showed the second-largest outflow in a single day.
🔴The inflow to ETH ETFs amounted to $306.6 million, while the outflow was $154 million. 🔴The inflow of BTC funds was $284.2 million, while the outflow was $927 million.
📈Despite the clear tension in the crypto market, interest from funds remains, especially in ETH.
Donald Trump has approved new tariffs for 66 countries, including an increase in import duties from Canada from 25% to 35%. All measures will take effect from August 1. The decision regarding China remains open.
🗣Trump's decree states that goods imported from all countries will have a tariff of 10%, except for goods from 92 countries subject to higher fees.
🐻The reaction of the crypto market has been negative. BTC fell below $116,000, and there were also significant liquidations that exceeded $620 million in the last 24 hours.
🇺🇸But there is also good news. The U.S. Treasury is buying back its own bonds worth $2,000,000,000. 📊This may signal that authorities are trying to stabilize the financial system or reduce bond yields. Increased bond buybacks could weaken the dollar and enhance interest in BTC.
🏠Yesterday, SEC Chairman Paul Atkins presented the "Crypto Project," a commission-wide initiative to modernize securities regulations and transition U.S. financial markets to blockchain.
⚡️Michael Saylor's strategy is raising $4.2 billion to buy more BTC.
😆Brief Comment from Trump on Yesterday's Fed Meeting
Jerome "Too Late" Powell did it again!!! He is TOO LATE, in fact, TOO EVIL, TOO STUPID, and TOO POLITICIZED to hold the position of Fed Chair. He is costing our country TRILLIONS OF DOLLARS, and on top of that, this is one of the most incompetent or corrupt reconstructions of a building in construction history! In other words, "Too Late" is a COMPLETE FAILURE, and our country is paying the price for it!
Yesterday, the White House released a new crypto report of 166 pages titled "Strengthening American Leadership in Digital Financial Technologies." In fact, everything is permitted: Trading, storage, tax cancellation, support for innovations, etc.
🇺🇸The Trump administration officially supports cryptocurrency as a pillar of America's future, calling it a revolution of the masses that deserves recognition. Their goal is to make the USA the "crypto capital of the world."
🏠The SEC has published "Listing Standards" for cryptocurrency ETFs through the submission of a new application to the exchange, with any coin whose futures have been traded on Coinbase derivatives for over 6 months likely to be approved.
🗣According to Eric Balchunas, approval of several ETFs for altcoins is expected in September or October.
🔹In the last 24 hours, 3 new wallets have purchased an additional 73,821 ETH worth $283 million. Since July 9, 11 new wallets have accumulated 722,152 ETH worth $2.77 billion. Whales are accumulating ETH.
🇰🇷Trump announced a trade deal with South Korea, which includes a 15% tariff and investments in the USA totaling $350 billion.
Today, the Fed kept rates unchanged at 4.50%, which was expected. However, Powell's rhetoric has changed compared to the last meeting, here’s what he said:
📊Powell notes that the main aspects of inflation have changed somewhat, although the overall figures now almost match the indicators from the beginning of the year. Inflation in the services sector has slowed, while tariffs are leading to price increases in certain categories of goods.
🔴Powell stated that the economy is in a "strong position".
🔴According to Powell, even taking tariffs into account, inflation seems to be a little "above the target level".
🔴The risks of worsening conditions in the labor market are certainly evident - Powell.
🔴The first question to Powell concerns the likelihood of a rate cut in September. Answer: A decision has not yet been made for September.
🔴"One should think that this is still quite an early stage," says Powell about the new trade policy.
🕯The stock market reaction is negative, the S&P 500 is falling. BTC has dropped below $116K, altcoins are down 2-5%.
😨Before Powell's speech, Trump said he heard that the Fed Chair would lower interest rates in September. $BTC
🧱In the range of $119,000 – $120,000, there are large sell orders concentrated. Breaking through this level will not be easy; a strong resistance wall has formed here. $BTC
Today at 21:00 the Federal Reserve's interest rate decision will be announced, after which we will hear from Jerome Powell. There is almost a 100% chance that the rate will remain unchanged. Investors will closely monitor Powell's speech and expect hints about the Federal Reserve's monetary policy in the near future.
❗️At 21:30 we will promptly start publishing Powell's key points.
🇺🇸The head of digital assets in the U.S. stated that President Trump may use tariff revenues to purchase Bitcoin.
🐂Inflow to ETFs: On July 29, approximately $79.9 million was invested in Bitcoin ETFs and $218.6 million in Ethereum ETFs.
🏠The SEC postponed the review of Grayscale's application to launch a spot ETF for Litecoin. The commission also confirms the submission of BlackRock's application for staking approval for a spot ETF based on Ethereum.
🔹 Trump's company World Liberty has re-entered the market. In the last 23 hours, the fund spent 1 million USDC to purchase 256.75 ETH at a price of $3,895.
👀 In total, World Liberty has acquired 77,226 ETH for $296 million at an average price of $3,294. The unrealized profit is approximately $41.7 million. $ETH