1. The Japanese Financial Services Agency will approve the country's first issuance of a yen-denominated stablecoin, JPYC, this month. The agency will register fintech company JPYC Inc. as a remittance business, with sales expected to begin within weeks of registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.
2. ETH Shenzhen 2025 will be held in Shenzhen from August 23 to 24. Guests at this summit include Mo Jalil, head of the Asia-Pacific region for the Ethereum Foundation, Uri Klarman, CEO of bloXroute, Zili Chen, co-founder of ScopeDB, Peng Sun, a builder at OpenBuild, and others. Participants will discuss topics such as scalability, infrastructure, MEV, the combination of AI and Ethereum, and the implementation of ZK technology.
3. Data: Tokens such as FTN, ZRO, KAITO, SOON, and ZKsync will see significant unlocks next week, with FTN unlocking approximately 91.4 million USD.
4. According to Coinglass data, the current cryptocurrency fear and greed index is 63, up 6 points from yesterday. The average for the past 7 days is 66, and the average for the past 30 days is 67.
5. Eric Trump, the second son of Trump, responded to "WLFI related address purchased 8.6 million USD ETH and 10 million USD BTC" by saying, "Buy on dips."
6. According to Cointelegraph, the U.S. Treasury Department has initiated public consultation under the (GENIUS Act) to integrate digital identity verification tools in DeFi smart contracts to combat illegal financial activities. The proposal includes automatically executing KYC/AML checks on-chain through API interfaces while using technologies such as biometrics to reduce compliance costs. The public consultation will last until October 17, 2025, after which the Treasury will submit a report to Congress and may introduce new regulations.
7. CryptoSlam data shows that NFT market trading volume increased by 30% last week, reaching 173.2 million USD. The number of NFT buyers surged by 190.41% to 214,716, and NFT sellers increased by 168.71% to 115,289. Ethereum network trading volume reached 105.4 million USD, an increase of 85% from the previous week; BNB Chain network trading volume reached 18.1 million USD, up by 33.48%. Polygon network trading volume reached 11.5 million USD, down by 35.51%. Mythos Chain network trading volume reached 9.3 million USD, down by 3.52%. Solana network trading volume reached 8.9 million USD, up by 10.14%.
8. Rick Rieder, Chief Investment Officer of BlackRock Global Fixed Income, stated that the current market presents the "best investment environment in history," mainly benefiting from strong corporate earnings, fixed income product yields of 6.5%-7%, and historically low volatility. He believes the Federal Reserve may start cutting rates in September, with a cumulative rate cut of 100 basis points over the next year. He also warned that the market may be overly optimistic about risks such as credit spreads.
9. Macroeconomic news outlook for the week: At 2 a.m. Beijing time next Thursday, the Federal Reserve will release the latest minutes from its monetary policy meeting. At 3 a.m., 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook. At 8:30 p.m. next Thursday, the U.S. Department of Labor will release the initial jobless claims data for the week ending August 16. At 10 p.m. next Friday, Fed Chair Powell will speak at the Jackson Hole Global Central Bank Annual Meeting.
