The core market concern is how many more rate cuts the Fed will implement in the remainder of the year. With a 25 basis point rate cut already fully priced in, the dot plot, which reflects the future path of interest rates, has become a key indicator. On the surface, the median of the dot plot indicates that Fed policymakers anticipate two more rate cuts in 2025, totaling 50 basis points, which appears to provide a clear direction.
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ETH futures data shows a split between spot and derivatives flows. Ether futures open interest did not increase significantly during the rally, signaling limited appetite from leveraged traders. By contrast, aggregated spot volumes increased with price, while funding rates stayed close to neutral, in line with its 30-day average. This combination suggests the move has been led by spot demand rather than futures leverage. Spot-driven rallies often indicate organic buying interest, but without futures participation, breakouts can lack durability if momentum weakens.
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The Football.Fun project was founded by Adam (@AdamFDF_), and no further personal information about the founder has been disclosed. On July 18, 2025, the project announced the completion of a $2 million seed round of financing, led by 6th Man Ventures (6 MV), a sports investment institution. Other investors included Devmons, Zee Prime Capital, Sfermion and The Operating Group.
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