Ethereum hit a new all-time high price on Friday, prompting BitMEX founder Arthur Hayes to raise his price target for the crypto asset to $10,000 or even $20,000 by the end of the cycle. This prediction was made on the Crypto Banter podcast ahead of Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole. Ethereum’s recent surge has been driven by digital asset treasuries like BitMine Immersion Technologies and SharpLink Gaming, as well as record-breaking inflows from Ethereum ETFs. Hayes believes that with major money printing expected during Trump’s tenure, Ethereum could reach $20,000. Hayes, who previously predicted a $250,000 year-end price for Bitcoin, has financially aligned himself with Ethereum’s success, adding over 1.8K ETH worth more than $8.6 million to his wallet since August 10. 1. The United Nations reports that global food prices have hit a 10-year high due to supply chain disruptions and climate change, leading to concerns about food security worldwide.

2. Tesla announces plans to build a new Gigafactory in Texas, which is expected to create thousands of jobs and further expand the company’s production capacity for electric vehicles.

3. The Centers for Disease Control and Prevention (CDC) issues new guidelines recommending that vaccinated individuals wear masks indoors in areas with high COVID-19 transmission rates.

4. The Tokyo Olympics closing ceremony marks the end of the games, with the United States finishing at the top of the medal table followed by China and Japan.

5. The Federal Reserve announces plans to keep interest rates near zero as the U.S. economy continues to recover from the impact of the COVID-19 pandemic.

Read more at 1. “Tesla shares surge on better-than-expected earnings report.” – CNBC

2. “Amazon reports record-breaking holiday season sales.” – Wall Street Journal

3. “Apple announces plans to launch new iPhone model in 2022.” – Reuters

4. “Federal Reserve raises interest rates in response to inflation concerns.” – CBS MarketWatch

5. “Google parent company Alphabet surpasses $2 trillion market cap milestone.” – Barchart: Why Arthur Hayes Expects Ethereum to Surge to $20,000