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U.S. PCE data met expectations, with personal spending growth reaching its highest level since March this year. The Federal Reserve is likely to maintain its previously established pace of rate cuts.

Quick Take TeraWulf, a Bitcoin mining firm that also sells high-performance compute, is seeking to raise $3 billion to build out its data centers. The deal is being supported by Google, which holds a 14% stake in the firm, according to Bloomberg. The news follows last month’s announcement of a 10-year, $3.7 billion AI compute deal with FluidStack.


The SEC and FINRA are investigating suspicious trading patterns in stocks of companies that later announced plans to buy crypto, suspecting insider trading.

Quick Take U.S.-based spot Ethereum ETFs saw nearly $800 million worth of outflows last week, the worst such week since the funds began trading in July of last year, according to SoSoValue data. Spot Bitcoin ETFs also saw a high level of outflows last week, losing over $900 million. The prices of BTC and ETH have fallen over the past week, though ETH rebounded slightly on Saturday to above $4,000.


The Ethereum price rebounded above $4,000 after experiencing heavy selling pressure, supported by increased staking deposits and renewed institutional interest through ETF inflows.
