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- 🚨 On-Chain Buzz: The Web3 Stories You Can’t Miss
🚨 On-Chain Buzz: The Web3 Stories You Can’t Miss
đź“° News

Traders have received a major boost following the latest US CPI data release, which came in lower than expectations. Now, these market participants are betting that there could be two Fed rate cuts, starting from the FOMC meeting in September.
Traders Bet On Two Fed Rate Cuts In 2025
CME FedWatch data shows that traders are betting on two Fed rate cuts this year following the US CPI data release. These traders expect the Federal Reserve to cut interest rates starting at the September FOMC meeting. There is currently a 57% chance that the FOMC will cut rates by a quarter point in September, lowering the benchmark interest rate to between 4% and 4.25%.

Furthermore, these traders expect the Fed to keep interest rates unchanged at the October meeting and proceed with another interest rate cut at the December FOMC meeting. There is a 44% chance that the rates will remain at 4% to 4.25% after the October FOMC meeting. Meanwhile, there is a 40.8% chance that these rates will come down by another quarter point to between 3.75% and 4% after the December meeting.

Michael Saylor led Strategy has launched its Bitcoin-backed preferred stock, STRD, on the Nasdaq exchange today. This marks the third product in a series aimed at providing fixed-income investment opportunities backed by Bitcoin, appealing to investors looking for security and stable returns.
Strategy’s Bitcoin-backed STRD Launches on Nasdaq
Michael Saylor, the executive chairman of Strategy, announced the rollout of STRD on Twitter. This new offering is part of the company’s ongoing efforts to merge traditional financial instruments with Bitcoin-based assets.
STRD provides investors with the chance to invest in a preferred stock, offering fixed income secured by the digital currency Bitcoin.
The new product reflects Strategy’s growing influence in the crypto-finance space. Over the past few years, the company has made aggressive Bitcoin acquisitions, building a substantial reserve. This reserve is now approaching 600,000 BTC, purchased for nearly $41 billion.
📊 Markets

XRP is up 4.59% in the past two days, but the daily active addresses have surged 1,609% in just 24 hours. This spike in user engagement indicates that investors are interested in the token at the current price level of $2.28. Will this uptick in investor interest translate into an uptrend for the XRP price, ending the ongoing multi-month consolidation?
XRP’s Daily Active Addresses Skyrocket to 547,000 in 24 Hours
According to blockchain analytics firm Santiment, the number of daily active addresses (DAAs) interacting with the XRP blockchain has increased from roughly 32,000 on June 9 to 547,000 on June 10. This represents a 1,609% increase in 24 hours, suggesting a significant surge in investor interest, potentially accompanied by a capital inflow. This marks the highest single-day surge in user activity this year.


Ethereum price could trigger a massive breakout rally, says Veteran trader Peter Brandt. Although Brandt did not explicitly mention this, his ETH daily bar chart spoke for itself. Based on the trader’s chart and Ethereum price analysis, the ongoing consolidation could trigger a bullish rally.
Peter Brandt Hints Ethereum Price Edging Closer to Breakout
In a recent post, Peter Brandt hinted that Ethereum price is ready to break out. Specifically, he said, “Every dog has its day — woof woof $ETH,” along with a daily Ethereum bar chart depicting a symmetrical triangle.
Judging based on the symmetrical triangle, there’s no specific breakout directional bias. However, if one considers the 50% rally noted between May 8 and 13, this pattern would morph into a bullish pennant. A bullish pennant is a continuation pattern that forecasts a continuation of the bull trend.
