According to ChainCatcher, the cryptocurrency market experienced significant sell-offs this week, despite a good performance last week. Bitcoin is facing double-top risks, and Ethereum has retraced after reaching a high last Saturday.
In the new week, the market's focus includes (all times are in UTC+8): Wednesday 21:00, St. Louis Fed President Bullard discusses the U.S. economy; Thursday 01:30, Minneapolis Fed President Kashkari fireside chat; Thursday 02:00, the Fed releases the Beige Book on economic conditions; Thursday 23:30, New York Fed President Williams speaks at the New York Economic Club; Friday 07:00, Chicago Fed President Goolsbee speaks; Friday 20:30, U.S. unemployment rate and non-farm payroll data for August are released.
According to ChainCatcher, in Q2 2025, Web3 startups raised a total of $9.6 billion, marking the second-highest quarterly scale in history. Capital is accelerating towards infrastructure projects, with median financing sizes for validators, Rollups, and computing networks reaching between $7 million and $112 million. Meanwhile, Series A and seed round financing are warming up, with strong performance in token private placements, while public offerings have significantly declined.
● U.S. stocks rose in August as investors expect the Fed to cut interest rates
According to Jinshuju data, the U.S. stock market performed strongly in August, with the S&P 500 index rising by 1.9%, the Nasdaq rising by 1.6%, and the Dow Jones rising by 3.2%. Despite AI-related stocks facing sell-offs before the long weekend, it did not affect the overall upward trend. Weak economic data and the mild impact of tariffs on prices have boosted investors' confidence in the Fed cutting interest rates next month.
Trump's pressure on the Fed to support low interest rates has intensified market expectations for further rate cuts. Economists warn that if the Fed is overly influenced by the White House, it could lead to excessive rate cuts and increase inflation. However, the stock market views this as a concern for the future.
● In recent weeks, the Trump effect has started to show in the U.S. Treasury market
According to Jinshuju data, the Wall Street Journal reported that the Trump effect has recently appeared in the U.S. Treasury market. Investors expect rate cuts and are rushing to buy 2-year Treasuries, pushing down yields. Those expecting rates to remain high are selling 30-year Treasuries, pushing up yields.
Dow Jones market data shows that the gap between 2-year and 30-year Treasury yields is close to the highest level since early 2022, becoming a key component of the yield curve. Nevertheless, long-term government bond yields are still trading safely below 5%.
● The Fed Board enters a blackout period, with no public appearances planned before September 7
According to ChainCatcher, the Fed Board announced that there are no plans for board members to make public appearances before September 7, entering a 'blackout period.' Board member Waller's speech may be the last statement before a key meeting. Next Wednesday, St. Louis Fed President Bullard will speak on the U.S. economy and monetary policy.
According to BlockBeats, on August 30, crypto analyst Willy Woo stated that the Bitcoin network has seen inflow growth for the first time after several weeks of declining inflows. This is the first sign of Bitcoin's structural bottoming. Bitcoin is stabilizing, and for a bullish structure to form, investors need to continue buying the dip. This process has already begun.
● Ethereum co-founder: ETH price could rise 100 times or even more in the future
According to BlockBeats, Ethereum co-founder Joseph Lubin stated that Wall Street will participate in staking, and Ethereum will replace many independent systems. Wall Street firms need to operate on decentralized tracks, participating in staking, validating nodes, DeFi, etc.
Lubin believes that L2 will not encroach on L1, and that the price of ETH could rise 100 times or even more in the future, surpassing BTC's monetary base. He has a friendly relationship with Tom Lee, but believes that Tom Lee's bullish view on ETH is not strong enough.
