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EUR/USD clings to gains above 1.0750 after US ADP data
EUR/USD continues to trade in positive territory above 1.0750 in the American session on Wednesday. The data from the US showed that employment in private sector rose less than expected in June, making it difficult for the US Dollar to find demand ahead of FOMC Minutes.
GBP/USD climbs above 1.2700 on USD weakness
GBP/USD preserves its bullish momentum and trades above 1.2700 in the second half of the day on Wednesday. The weaker-than-forecast ADP Employment Change data and the increase seen in weekly Jobless Claims weigh on the USD and allow the pair to stretch higher.
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.