Binance Alpha will list Reservoir (DAM) and open airdrop claiming to eligible users
On August 15, according to official channels, Binance Alpha is set to list Reservoir (DAM).
The Alpha spot trading will become operational on August 18, 2025, at 11:00 (UTC).
The Alpha contract trading will commence on August 18, 2025, at 12:30 (UTC).
Qualified users can participate in the airdrop of Alpha tokens by leveraging Alpha Points on the Binance Alpha activity page once trading gets underway. Further details will be made public shortly.
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Survey: Majority of Economists Expect the Fed to Cut Interest Rates in September, with Another Cut Later This Year
August 15th - The majority of economists surveyed by Reuters anticipate that the Federal Reserve will initiate the first interest rate cut this year in September. It is followed by another cut before the end of the year, which is regarded as the base case scenario. In the current market environment, concerns about the well-being of the U.S. economy are on the rise.
Among the 110 respondents, 67 individuals (61%) foresee that the Fed will reduce the benchmark interest rate by 25 basis points to 4.0% - 4.25% in September, marking the first cut this year. This is an increase from 53% in the July survey, with one person expecting a 50 basis point hike. The remaining 42 participants believe that the Fed will maintain the interest rates unchanged. More than 60% of the respondents (68 out of 110) expect one to two rate cuts this year, similar to the previous month. However, there is no agreement on the level of the federal funds rate by the end of 2025.
Furthermore, 68% of the respondents a
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Bloomberg Analyst: Bitcoin and Ethereum Spot ETFs' Total Trading Volume Yesterday on Par with Apple Stock
On August 15th, Bloomberg ETF analyst Eric Balchunas stated on social media that the combined trading volume of Ethereum and Bitcoin spot ETFs the previous day was $11.5 billion, which was on a par with the trading volume of Apple's stock.
According to Rockflow data, the trading volume of Apple the previous day reached $12.083 billion.
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Galaxy Digital has completed a $1.4 billion project financing to accelerate the development of the Helios AI data center.
On August 15th, as per official channels, Galaxy Digital Inc. (Nasdaq: GLXY) declared that it has successfully completed a $1.4 billion project financing. This is intended to support the continuous development of its Helios data center campus located in western Texas. The financing will cover the initial renovation and expansion work at Helios and provide the initial power supply for its Artificial Intelligence (AI) and High-Performance Computing (HPC) business. This supply will be delivered through a long-term agreement with CoreWeave Inc.
Galaxy has allocated $350 million to fulfill the equity requirements, while the remaining construction costs will be financed through debt. The $1.4 billion debt financing amounts to 80% of the loan-to-cost ratio and has a term of 36 months. It is secured by all assets related to the first-phase construction of Helios.
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Twitter Founder: Hoping Bitcoin Can Become Everyday Peer-to-Peer Currency as Originally Designed
On August 15th, Jack Dorsey, the founder of Twitter, tweeted on social media, indicating that the various businesses of Block, Inc. are dedicated to making Bitcoin a peer-to-peer electronic cash system and an everyday currency, just as it was originally envisioned.
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Huadao Healthcare plans to invest up to HKD 3 billion to increase its holdings in cryptocurrency.
August 15th. The Hong Kong-listed company Concord Medical (01931.HK) announced that in the view of the Board, purchasing and holding cryptocurrency is considered an important measure for the Group to enhance its Ethereum (ETH) reserve fund and expedite the development of the ivd.xyz trading platform's ecosystem. It is also an essential part of the Group's asset allocation strategy. After careful deliberation, the Board recommends seeking prior approval from the shareholders to obtain a purchase authorization. This authorization will enable the Board to conduct potential cryptocurrency purchases within a period of 36 months starting from the date of the special shareholder meeting, and the total purchase amount shall not exceed 3 billion Hong Kong dollars.
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