Trump Directly Requests Powell to Cut Rates
According to Mars Finance, on July 25, U.S. President Trump was interviewed by the media alongside Federal Reserve Chairman Powell during a visit to the Fed headquarters. In response to how he would reclaim his criticism of Powell, Trump said he hopes Powell will cut rates and will focus on the committee's rate decision. Trump also stated that generally, he would fire a project manager who goes over budget. As Trump cited data on the Fed headquarters renovation budget, Powell continuously shook his head, and Trump sarcastically remarked that building renovation is a challenging task. When Trump told Powell "I hope he lowers interest rates," he forcefully patted Powell's back, after which Powell awkwardly laughed.
Deribit: Over $15.4 Billion in BTC and ETH Options Expire Today
According to Mars Finance, Deribit officially reported that this Friday will see options worth over $15.4 billion for Bitcoin and Ethereum expiring. Among these, Bitcoin options have a nominal value of $12.66 billion, with a Put/Call ratio of 0.88 and a maximum pain point price of $112,000; Ethereum options have a nominal value of $2.75 billion, with a Put/Call ratio of 0.87 and a maximum pain point price of $2,800.
According to Mars Finance, as monitored by Onchain Lens, whale James Wynn has closed his BTC (40x) and PEPE (10x) long positions, incurring a loss of $657,172, and established a new PEPE (10x) short position. The trader has deposited 1.25 million USDC into HyperLiquid, with a current account balance of $214,000.
Galaxy CEO: Bitcoin May Reach $150,000 This Year, But Ethereum Could Perform Better
According to Mars Finance and Decrypt, Galaxy CEO Mike Novogratz stated in a CNBC interview on Thursday that Ethereum (ETH) might perform better than Bitcoin (BTC) in the next three to six months.
Novogratz believes institutional investor interest could drive Ethereum's price further up. Ethereum is currently trading near $3,730, reaching a 2025 high of $3,848 on Monday, but still 24% below its all-time high of $4,878 set in 2021. Novogratz said Ethereum's narrative is very strong and its price could quickly reach $4,000.
He also mentioned that many listed companies are emulating MicroStrategy's Bitcoin treasury model, but they are choosing to buy Ethereum instead of Bitcoin. Nasdaq-listed BitMine Immersion has heavily purchased the cryptocurrency, currently holding $2 billion worth of Ethereum.
Additionally, U.S. investors are rapidly entering Ethereum ETFs, which saw over $726 million in net inflows last week, setting a single-day trading record. Meanwhile, Novogratz also predicted Bitcoin could reach $150,000 this year.
New York Court Approves Bail for Two Bitcoin Kidnapping Suspects
According to Mars Finance and Protos, two suspects accused of kidnapping and torturing a Bitcoin trader to obtain their keys, John Woeltz and William Duplessie, have been granted bail by a New York court. Both are charged with 12 counts, pleaded not guilty, and were released on $1 million bail each, subject to electronic monitoring and required to surrender their passports.
Suspect Woeltz, known as the "Crypto King of Kentucky," is accused of kidnapping an Italian crypto trader in his SoHo mansion, subjecting him to torture including gun threats, electric prod and chainsaw attacks, and setting him on fire with alcohol. They allegedly also threatened to kill the victim's family.
Although the prosecution claimed evidence of similar past actions, Judge Gregory Carro found numerous credibility issues and decided to approve bail while continuing to review the evidence.
Trump's Second Son Shares and Endorses "ETH is Severely Undervalued" Perspective
According to Mars Finance, on July 25, Donald Trump's second son Eric Trump reshared a comment about Ethereum's (ETH) value potential on social media and publicly stated "completely agree". The original post argued: "Ethereum is catching up with global liquidity. Compared to M2 money supply growth, ETH's current price should already exceed $8,000. This indicates how undervalued ETH is and it might be one of the most promising trading opportunities right now."
JPMorgan: $60 Billion Flowed into Crypto Market This Year, Investor Interest in Altcoins Rising
According to Mars Finance, JPMorgan analysts estimate that capital flowing into digital assets has reached $60 billion year-to-date, primarily driven by crypto fund inflows, active CME futures trading, and venture capital fundraising. Analysts noted that inflows have grown nearly 50% since late May and are expected to easily surpass last year's historical record.
Analysts stated that the increasingly friendly U.S. regulatory environment is a key driving factor. Investor interest in altcoins is also rising. Ethereum is the biggest beneficiary, due to its dominant position in DeFi and smart contracts, and its increasing incorporation into corporate treasury configurations alongside Bitcoin. More asset management firms intend to launch altcoin-based crypto ETFs and introduce staking mechanisms.
PUMP Drops to 0.0028 USDT, Down 30% from Initial Offering Price
According to Mars Finance, OKX market data shows PUMP dropped to 0.002828 USDT, down 30% from its initial offering price of 0.004 USDT, with a daily decline of 6.6%, currently priced at 0.002876 USDT.
According to Mars Finance, as monitored by the embers, half an hour after the Bonk project stated they would repurchase and burn 50 billion BONK (approximately $18.47 million), 51 billion BONK tokens (approximately $18.75 million) were transferred from Galaxy Digital to Binance and Coinbase.
