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Fed Chairman Powell will deliver his semi-annual monetary policy report to Congress, and may urge patience on rate cuts
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PIZZA prices have surpassed $4, with a 24-hour increase of 32.4%. PANews, August 13 - According to Coingecko data, the price of Memecoin PIZZA has surpassed $4, currently trading at $4.07, with a 24-hour increase of 32.4%. $BTC $ETH $BNB

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The CEO of Bank of America: The Federal Reserve should cut interest rates as soon as possible, as the inflation rate has already declined. According to ChainCatcher news, Bank of America CEO Brian Moynihan stated in an interview that as the economy slows down and consumers tighten their spending, the Federal Reserve should cut interest rates as soon as possible. Brian Moynihan said: "The economy is slowing down, so we have to be careful because we have already won the battle against inflation, and the inflation rate has come down." The executive stated that Bank of America's analysts do not predict a recession this year. Brian Moynihan added: "They are telling people that interest rates may not rise, but if they don't start cutting them relatively quickly, it could undermine the confidence of American consumers." $BTC $ETH $BNB

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Bank of America CEO: The Federal Reserve should cut interest rates as soon as possible, as the inflation rate has already declined. On August 13, Bank of America CEO Brian Moynihan stated in an interview that as the economy slows and consumers tighten their spending, the Federal Reserve should cut interest rates as soon as possible. Brian Moynihan said: "The economy is slowing, so we have to be careful because we have already won the battle against inflation, and the inflation rate has come down. Although it has not yet reached the level that people hope for, we must be careful not to try to be too perfect and end up in a recession." The executive stated that Bank of America's analysts do not predict a recession this year. Brian Moynihan added: "They tell people that interest rates may not rise, but if they do not start cutting rates relatively quickly, it may undermine the confidence of American consumers." $BTC $ETH $BNB

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A whale has purchased ETH again. The whale was previously liquidated of 2,890 wstETH on August 5th. According to Lookonchain monitoring, during the market crash on August 5, the whale who was liquidated 2,890 wstETH (USD 8.06 million) has started buying ETH again. Since August 11, this whale has borrowed 6.6 million Dai, 2.7 million USDT, and 2.5 million USDC, and purchased 4,459 ETH (USD 11.8 million) at a price of USD 2,646. $BTC $ETH $BNB

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A certain whale has borrowed $11.8 million in stablecoins and purchased 4,459 ETH since August 11. PANews, August 13 news, according to Lookonchain monitoring, the whale who was liquidated 2,890 wstETH (US$8.06 million) during the market crash on August 5 has started buying and going long on ETH again. Since August 11, he has borrowed 6.6 million Dai, 2.7 million USDT and 2.5 million USDC, and purchased 4,459 ETH (US$11.8 million) at a price of $BTC $BTC $ETH $bnb

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