PANews August 16 news, QCP released a report stating: The release of the US PPI data has essentially eliminated the possibility of a 50 basis point rate cut. In the cryptocurrency sector, US Treasury Secretary Yellen stated that she would not sell the confiscated Bitcoin and emphasized her commitment to exploring budget-neutral avenues to acquire more Bitcoin to expand reserves. Bitcoin has stabilized around $119,000 after dropping from a high of $124,000, with risk reversals clearly leaning towards bearish options. Despite the pressure from macro factors, QCP believes that the upward trend in cryptocurrency, which began in April this year, remains intact, supported by payment integration, balance sheet allocations, speculative positions, and the continuously increasing corporate adoption rate.