1. S&P Dow Jones is negotiating to introduce tokenized indices to trading platforms and DeFi
2. According to Bitcoin Magazine, the Federal Reserve plans to cancel its plans to specifically regulate banks' cryptocurrency and fintech activities. This move continues the recent trend of U.S. regulatory agencies relaxing regulations on the cryptocurrency industry, allowing banks to decide whether to engage in cryptocurrency business under existing risk management requirements.
3. Global financial consulting giant deVere Group predicts that Bitcoin is expected to reach $150,000 by the end of 2025, driven by institutional purchases, corporate bond adoption, U.S. policy support, and sustained momentum in sovereign-level returns. Nigel Green, CEO and founder of deVere Group, stated that various forces are converging, such as institutional capital flooding in through spot ETFs at record levels, listed companies viewing Bitcoin as a strategic reserve asset, and the White House actively supporting the Bitcoin asset class, all contributing to the latest round of increases and the reason for maintaining the $150,000 year-end target for Bitcoin.
4. Santiment tweeted that the peak of BTC greed perfectly coincides with historical peaks and local highs. Meanwhile, although ETH has significantly outperformed Bitcoin in the past three months, its bullish sentiment is far less than that of Bitcoin. Since price trends usually contradict retail expectations, due to insufficient market interest in buying Ethereum on dips compared to Bitcoin, the current outlook shows that Ethereum's bullish trend slightly exceeds that of Bitcoin.
5. Hong Kong-listed companies plan to seek shareholder special meeting approval to authorize the board to purchase cryptocurrency not exceeding HKD 3 billion within the next 36 months, mainly Ethereum. The funding source will be the company's idle cash and potential fundraising. The announcement emphasizes that the premium for a single transaction will not exceed 10%, and a dedicated risk control team has been established.
6. According to on-chain analyst Yu Jin's monitoring, BitMine (BMNR) has continued to accumulate 135,135 ETH worth $600 million over the past 10 hours through three institutional business platforms: FalconX, Galaxy Digital, and BitGo. BitMine's total ETH reserves have reached 1.297 million, valued at $5.77 billion.
7. Grayscale submitted an application to the SEC on August 15, planning to convert its Dogecoin Trust Fund into an ETF. According to the application documents, the ETF will be listed on the New York Stock Exchange Arca platform with the trading code 'GDOG'. Currently, several institutions, including Rex-Osprey and Bitwise, have also submitted similar applications.
8. The Alaska 'Putin-Trump meeting' concluded, though it was the longest face-to-face exchange between the two leaders, no specific results were achieved. Trump called it 'productive but without an agreement', while Putin emphasized a constructive atmosphere but stated that an agreement to end the war has not yet been finalized, making it difficult for the market to capture clear signals. This 'positive atmosphere, hollow content' has deepened concerns in Europe and Kyiv, and the global market remains sensitive to geopolitical risks. Bitunix analysts suggest that this Putin meeting, while symbolic, lacks substantial consensus, cooling market expectations for 'ending the war', and the trade-off between safe-haven and risk assets continues to fluctuate.
9. According to Gelonghui: In the first quarter of 2025, the overdue loan rate for Russian households reached 10.5%, increasing pressure on balance sheets. At least three giants among Russia's banks, including Sberbank, Raiffeisenbank, Gazprombank, Alfa Bank, and Vnesheconombank, have applied for assistance from the central bank. If it's true that 'the more sanctions, the richer', Iran and Venezuela would have long been wealthy... Current facts prove that Russia is not special. Various signs indicate that Russia is running out of money. Typically, a risk threshold of 3%-5% is set for non-performing loans, and Russia's 10.5% far exceeds healthy ranges.
Next week's macro outlook: Powell 'fights' market interest rate cut expectations, the Federal Reserve releases minutes of the monetary policy meeting
According to Jin Shi reports, U.S. economic data over the past week has been mixed, leading to continued fluctuations in market expectations for interest rate cuts by the Federal Reserve. Data released on Friday showed widespread growth in U.S. retail sales driven by auto sales and large online promotional events. However, a later report indicated that consumer confidence unexpectedly declined for the first time since April, and inflation expectations rose.
Previously, the U.S. July CPI and PPI reports seemed to send different signals regarding whether the economy could withstand the impact of Trump's comprehensive import tariffs, but both indicated that service inflation remains stubborn, with the PPI reaching a three-year high month-on-month. Meanwhile, there are significant divisions within the Federal Reserve regarding interest rate cuts in September.
Wednesday 23:00, Federal Reserve Governor Waller speaks at a blockchain seminar in Wyoming;
Thursday 2:00, the Federal Reserve releases minutes of the monetary policy meeting;
Thursday 3:00, 2027 FOMC voting member, Atlanta Fed President Bostic speaks on economic outlook;
Thursday 20:30, U.S. initial jobless claims for the week ending August 16, U.S. August Philadelphia Fed Manufacturing Index;
Thursday 21:45, U.S. August S&P Global Manufacturing and Services PMI preliminary value;
Friday 22:00, Federal Reserve Chairman Powell speaks at the Jackson Hole Global Central Bank Annual Meeting.
