Bitfinex analysts caution that Bitcoin could drop by 15-20% to around $40k-$50k after a potential Fed rate cut in September, especially if it's followed by a recession. 😮

**Daily Highlights:**

🔸 Nvidia Corp states, "We have not been subpoenaed by the Department of Justice."

🔸 NEAR Protocol's official X account seems compromised, posting a series of odd tweets. 🤑

🔸 Bank of Japan Governor Kazuo Ueda reaffirmed that interest rate hikes will continue.

🔸 Galois Capital Management has reached a settlement with the SEC.

🔸 The former CEO of the bankrupt crypto exchange Mt. Gox is launching a new exchange called EllipX this month.

🔸 Uniswap Labs has settled with the Commodity Futures Trading Commission. 🤑

🔸 Eigen Labs, the team behind EigenLayer, has released a major update to their restaking protocol. #BNBChainMemecoins #PowellAtJacksonHole #TON #USDataImpact