On August 13, QCP indicated that the US July CPI data was lower than expected, reinforcing market expectations for a 25 basis point interest rate cut by the Federal Reserve in September. In the cryptocurrency market, the price of ETH is approaching historical highs driven by inflows of funds, with long-term holders feeling exuberant. 0CP expects that the Bank of England's annual meeting will become the next focus of the market, and the Federal Reserve may signal further rate cuts.