🚨 Gate Daily | Aug 12 Highlights 🚨



1️⃣ U.S. Inflation Update – The Fed will release July CPI data, with core CPI YoY expected at 3.1%, signaling a key moment for market sentiment.

2️⃣ Bitcoin ETF Move – Trump Technology Group has filed an amended registration statement for its Bitcoin ETF, adding to the ETF race momentum.

3️⃣ Paxos Expansion – Paxos applies to U.S. regulators for a trust bank charter, aiming to broaden its financial services footprint.

4️⃣ Ethereum’s Outperformance – ETH has outperformed BTC YTD as institutional demand continues to surge, strengthening the altcoin leader’s position.

5️⃣ Rate Cut Odds Rise – The probability of a September Fed rate cut now stands at 85.9%, fueling bullish sentiment across risk assets.

📊 Stay tuned with Gate for real-time market updates! #CryptoNews # GateDaily #Bitcoin # Ethereum #CryptoMarket
CORE1.67%
BTC0.22%
MOVE-0.7%
TRUMP1.98%
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