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Gate Daily (August 13): Trump sets the tone for a 50 basis point rate cut in September; Do Kwon admits to two criminal charges; SOL and XRP leveraged futures ETF volume surges.
Bitcoin (BTC) has rebounded again, temporarily reporting around $119,930 during the Asian session on August 13. The U.S. consumer price index (CPI) for July rose by 0.2% month-on-month, while the annual inflation rate was slightly lower than expected, prompting U.S. President Trump to once again call for interest rate cuts. U.S. Treasury Secretary Yellen stated that the Federal Reserve (FED) should consider a 50 basis point rate cut in September. Do Kwon acknowledged two charges related to his role at Terraform. Before the SEC's decision, leveraged Solana and Ripple (XRP) ETF gained $3 billion in growth momentum.
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