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📣Block company announced during the earnings call that it will purchase Bitcoin with 10% of its gross profit every month.

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Justin Sun is collecting Ethereum: Will altcoins take off? SpotOnChain reported that a suspicious wallet of TRON founder Justin Sun was buying Ethereum (ETH) dips. SpotOnChain reported that a suspicious wallet from TRON founder Justin Sun was buying Ethereum (ETH) dips. Justin Sun reportedly purchased 1,614 ETH at $3,097. Sun spent approximately 5 million USDT to make this purchase. This is a notable development for ETH becausei. -SpotOnChain revealed the TRON founder's constant purchase of ETH. Allegedly, 362,751 ETH have been purchased since February 8. Three different budgets were allocated to purchase these coins at a daily level of 3,047. The estimated cost of these ETH purchases is approximately $1.11 billion. It looks like Justin Sun isn't done with Ethereum yet. According to SpotOnChain, he recently deposited approximately 45 million USDT to crypto exchange Binance. This move suggests that he can use this amount of USDT to buy more Ethereum within days. These potential buys are expected to boost ETH As mentioned above, significant purchases by market leaders like Sun can have a positive impact on a coin. In the case of Ethereum, Sun already has a large asset because it can buy more coins. This could have a positive impact on the ETH price and the broader crypto market in the long run. At the time of writing this article, Ethereum was trading around $3,126.54, up 1.5 percent in the last day. Although this is a minor uptrend, it is still a positive move as it appears that ETH is trying to start a recovery.

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JPMorgan's August Forecast for Cryptocurrencies: The Wind Will Reverse! Banking giant JPMorgan shared a report for August for the cryptocurrency market. In their current report, JPMorgan analysts led by Nikolaos Panigirtzoglou shared that the cryptocurrency market will recover starting from August. Analysts predicted that the declines and liquidity clearings would gradually end as of this month. The bank also lowered its year-to-date crypto net flow forecast to $8 billion from $12 billion previously. Focusing on the production cost of Bitcoin (BTC) or how high it is compared to the price of gold, the bank noted that it is skeptical that the previous estimate of $ 12 billion will continue for the rest of the year. The number of Bitcoins on exchanges is falling While it was stated that the number of Bitcoins in the exchanges decreased last month and this month, the climate of fear created by Mt.Gox and the German government was cited as the reason for this. The decline in the amount of Bitcoin on exchanges was interpreted as a positive factor for recovery: The decrease in estimated net flows is largely due to the decline in Bitcoin reserves on exchanges over the past month.

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💥US Annual CPI announced: •Announced: 3.0% •Previous: 3.3% •Expected: 3.1% 💥US Monthly CPI announced: •Announced: -0.1% •Previous 0.0% •Expected: 0.1% 🇺🇸US June annual inflation was 3.0%. 🇺🇸US Unemployment Benefit Applications have been announced. •Declared: 222K •Expectation: 236K •Previous: 238K 💫Following the CPI data, the probability of interest rate reduction in September increased from 70% to 85%. 🚨 JPMorgan says the crypto market will recover in August. 🚨 SEC withdraws Paxos investigation and rules that BUSD stablecoin is not a security.

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🎬KIP Animated Explainer Premiering today 🎬 Our Animated Explainer, fully visualizing how $KIP empowers decentralization, collaboration, and monetization in the world of AI. Become an owner, not just a consumer in the AI-powered future! Best watched

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🚨Reminder: 🇺🇲US Consumer Price Index (CPI) will be announced today at 15:30. •Expectation: 3.1% •Previous: 3.3% 🇺🇲US Unemployment Benefit Applications will be announced today at 15:30. •Expected: 236K •Previous: 238K

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