According to Odaily Planet Daily, Tom Lee, chairman of Ethereum treasury company Bitmine, stated in an interview with CNBC that the Federal Reserve may cut interest rates in September, and Ethereum will continue to move forward. Bitmine had previously purchased 830,000 ETH in just one month, representing nearly 1% of the global supply. This made it one of the world's largest ETH treasuries while most institutions were still waiting. (CNBC)