August 12, 2025 - Solana News Update
Update: 2025-08-12
Description
August 12, 2025: Ether, Cardano, and XRP are among cryptocurrencies experiencing a new upward movement following Scott Bessent's suggestion of a 50 basis point rate cut. Bessent, a former Soros Fund manager and head of macro strategy at Millennium, has indicated that such a rate cut could have a positive impact on the crypto market. This news has resulted in increased investor confidence, leading to a surge in the values of these digital assets. Market developments show a positive trend following Bessent's comments. Powered by LabCat AI research tools.
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