📰 The top circulating stories driving crypto markets, according to our Trending Stories dashboard, include:


📉 Crypto chatter centers on a wild day for creator coins and tokenized Pokemon cards on Solana. Gainzy’s accidental massive sell-off crashed $GNZYSTRM, sparking a rapid rebound fueled by whale buys and speculation. Meanwhile, Pokemon cards are gaining traction as a new digital collectible asset, with startups showing strong volume growth. The creator coin market faces skepticism but remains a hotbed for quick profits and innovation.


📈 Highlighting meme coins like Memecore, Dogecoin, and Little Pepe, social chatter focuses on WLFI's rapid price surge fueled by Trump family backing and whale buys. Trollcoin's exclusive Trollface IP deal boosts its legitimacy, setting it apart from peers lacking IP rights. Pepenode's presale success and innovative mine-to-earn model add fresh utility to the meme coin space. Market watchers debate WLFI's volatility amid strong whale activity and mixed sentiment on altcoins.


🇺🇸 President Trump suggests tariffs could one day replace the federal income tax, signaling a major shift in U.S. revenue policy. He is pushing the Supreme Court to uphold his tariffs amid legal challenges. Meanwhile, India announces sweeping GST reforms, simplifying tax slabs and increasing rates on luxury and sin goods to boost compliance and demand. These moves reflect global trends toward tax restructuring amid economic pressures.


🪙 BlackRock has sold $152.7 million worth of Ethereum while buying nearly $290 million in Bitcoin, signaling a shift by institutions toward Bitcoin as a digital hedge amid expectations of a Fed rate cut. Ethereum apps hit a new revenue high, but institutional flows favor Bitcoin. Gold and silver are reaching new highs, drawing some investor attention away from crypto. Market volatility and rising bond yields create headwinds, but liquidity remains strong.


🧑‍🏭 Markets are pricing in a nearly certain Fed rate cut in September as U.S. job openings fall below unemployed workers for the first time since 2021. Key Fed officials signal room for easing, while labor data shows slowing job growth and rising layoffs. This weakening labor market increases pressure on the Fed to cut rates despite inflation concerns. Investors brace for volatility ahead of the upcoming jobs report.


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