ICP Drops 3% as Rally Stalls at $5.05 Resistance

Tuesday’s filings follow paperwork on Monday to convert the Grayscale Chainlink Trust into an exchange-traded fund.

Bitget WLFI/USDT's perpetual trading volume surged fivefold within 10 minutes, with a turnover of 91.9 million US dollars in the past 24 hours, a decrease of 4.87% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Fitch Predicts Fed Will Cut Rates by 25 Basis Points in September and December This Year] Fitch Ratings predicts that the U.S. Federal Reserve will cut interest rates by 25 basis points in both September and December 2025. Additionally, Fitch forecasts that the Fed will implement three more rate cuts in 2026 to further adjust monetary policy.

[JPMorgan CEO: The Federal Reserve May Cut Interest Rates] JPMorgan CEO Jamie Dimon stated that revised U.S. economic data indicates a weakening economy, and the Federal Reserve may cut interest rates. However, he believes this is not a direct result of the economic conditions.

[Crypto Treasury Model Faces Setbacks, Market Enthusiasm Turns to Doubt] According to Bloomberg, the crypto treasury model is facing challenges, with some companies experiencing stock price declines and market confidence wavering. Eightco Holdings Inc.'s stock price once surged 3000% after announcing the purchase of Worldcoin, but the overall trend indicates that the treasury model is gradually losing momentum. Industry insiders have begun discussing the possibility of consolidation, with weaker companies potentially facing acquisition risks. The market's future may show a slow decline rather than a sharp collapse.