Powell suggested interest rate cuts on Aug 23, 2025, leading to Ethereum outperforming Bitcoin and benefiting specific companies like ENA.

The entities involved

• FED →

  business

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
• Jerome Powell →

  president of the FED

  • The Federal Open Market Committee (FOMC) is the policy-setting body of the FED, with reports detailing Trump's influence on nominations.Mon 14:19
  • Donald Trump criticized Jerome Powell regarding the reluctance to implement interest rate cuts.Mon 07:46
• Ethereum →

  public blockchain platform with programmable transaction functionality

  • Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28
  • Animoca Brands is contributing to the ecosystem with commitments, launching natively across multiple blockchains, and executive comments on product goals.Mon 15:05

Related events

• Following a rate decision, Powell resisted Trump's threats while facing opposition from Michelle Bowman, leading to a dip in the crypto market.Jun 8
• Jerome Powell hinted at potential interest rate cuts on August 27, 2025, causing the FED's rate cut prospect to ease market concerns, leading to specific market actions by Rankin and Sprout Social.Jun 7
• Trump pushed for lower interest rates, leading to barbs with Powell and market commentary from Morgan Stanley.Jun 8
• Jerome Powell hinted at rate cuts on August 23, 2025, which boosted market optimism for the company Revolve.Jun 7
• Rate hikes caused losses on Silicon Valley Bank's bond holdings, occurring while Jerome Powell led the FED during the inflationary episode.Sep 21