Ethereum has recently crossed the 4,200 USDT threshold, marking a 0.72% decline in the last day. This movement comes amid broader market anticipation surrounding the upcoming Jackson Hole meeting, where Federal Reserve Chair Jerome Powell is expected to address economic policies. Investors are cautious, awaiting Powell’s potentially hawkish or dovish remarks. Meanwhile, the Trump family is expanding its cryptocurrency ventures, with Thumzup Media Corp. acquiring Dogehash Technologies to pivot into Dogecoin mining, further diversifying their crypto portfolio. In contrast, SUI token is facing bearish trends, trading at $3.47, down 34% from its yearly high, despite its recent listing on Robinhood. The decline in SUI’s value is attributed to a broader market downturn and reduced investor confidence. Additionally, Celsius Network has initiated a third payout of $220.6 million to creditors as part of its reorganization plan, recovering 64.9% of claims. This comes after the platform’s tumultuous history marked by risky financial practices and a significant bankruptcy filing in 2022.
Show more Show less