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🚨 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.
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