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Crypto-related stocks surged following Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole, hinting at potential September rate cuts. Ethereum ETFs saw a notable rebound with $288 million in inflows, while Bitcoin ETFs experienced significant outflows. Blockchain lender Figure Technologies filed for an IPO, marking a significant milestone in tokenized lending.
- Bitcoin miners and Ethereum treasury companies were top performers with gains up to 15.6% following Powell's dovish signals
- Ethereum ETFs reversed five days of outflows with $288 million in net inflows while Bitcoin ETFs continued bleeding assets
- Figure Technologies' IPO filing reveals it has processed over $16 billion in home loans using blockchain technology
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