Weekly Recap: Bitcoin Rebounds to $111K on Rate Cut Hopes

Happy weekend Defiers!

Crypto markets rebounded this week, with BTC gaining 4% in the past seven days as investors look ahead to next week’s Fed meeting, where the U.S. central bank is widely expected to cut interest rates by 25 basis points.

President Trump pardoned Binance founder Changpeng ‘CZ’ Zhao, sparking a rally across the BNB Chain ecosystem.

Upcoming stablechain Stable is facing backlash after its $800 million pre-deposit vault was filled by a handful of large wallets prior to the public announcement.

Meanwhile, Solana DEX Meteora launched its MET token, which is trading at a $500 million valuation.

Finally, the pre-market valuation of ‘real-time’ blockchain MegaETH reached $6 billion after Hyperliquid launched perpetuals for the MEGA token.

Enjoy!

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Crypto Markets See Moderate Gains as US Inflation Hits 3%

Crypto markets rallied on Friday, after fresh U.S. economic data showed that inflation remains in check, reinforcing bets that the Federal Reserve will cut interest rates next week.

Bitcoin climbed 2% to $111,500, while the total crypto market cap gained 1.5%.

Meanwhile, BitMine added another $800 million worth of ETH.