Ahead of the Fed meeting in Jackson Hole, expectations around rate cuts and cryptocurrency market changes are discussed.
Fed Rate Cut Expectations
According to Russell Investments' strategist Aitkenman, the results of the upcoming Jackson Hole meeting may differ from market expectations. Fed Chairman Powell may deliver a more cautious message than anticipated, pointing to a likely reduction of 25 basis points instead of 50.
Pump.fun Market Share Growth
On August 19, data from Jupiter revealed that the market share of Solana token issuance platform pump.fun climbed to 87.3% over the past 24 hours, widening its lead over competitors Letsbonk (3.4%) and Bags (2.62%). This highlights strong user adoption, especially for meme coin launches.
US Spot Ethereum ETF Holdings and Institutional Interest
On August 19, The Block reported that US spot Ethereum ETFs now hold 6.3 million ETH (around $26.7 billion), representing 5.1% of Ethereum's circulating supply. This signals deeper institutional involvement and may support long-term demand for ETH.
The expectations for Fed rate cuts and the growing interest in Ethereum ETFs demonstrate the intersection of financial policy and cryptocurrency market dynamics, creating uncertainty for investors.
