1. US President Trump held a meeting at the White House with EU and NATO leaders, proposing to promote trilateral talks among the US, Ukraine, and Russia, emphasizing that "everyone hopes for an immediate ceasefire."
2. The Yen stablecoin JPYC will support issuance on three chains: Ethereum, Avalanche, and Polygon, allowing users to exchange and redeem yen for JPYC.
3. Binance Wallet and MitosisOrg jointly launched Season 1 Booster Campaign, where users can deposit BNB or USDT into the Simple Yield Mitosis gold vault via Binance Wallet to share a total reward of 1 million MITO tokens.
4. According to GlobeNewswire, the over-the-counter market listed company Everything Blockchain announced that it will launch a diversified cryptocurrency treasury. This treasury will include three categories of cryptocurrency assets: blue-chip cryptocurrencies (such as BTC, ETH, SOL, XRP, etc.) that provide long-term stability support, tokens related to blockchain infrastructure, and speculative assets (such as meme coins, AI-related tokens, and game/metaverse project tokens).
5. According to data from the validatorqueue website, as of now, the number of ETH in the Ethereum PoS network exit queue has increased to 907,229 coins, with a waiting time of approximately 15 days and 18 hours for exiting. Meanwhile, the number of ETH waiting to enter is 265,593 coins, with an expected activation delay of about 4 days and 15 hours.
6. US Treasury Secretary Yellen stated, "Implementing the (GENIUS Act) is crucial to ensuring America's leadership in the digital asset space. Stablecoins will expand the channels for using dollars globally worth billions and lead to a surge in demand for US Treasury bonds."
7. Opinion: Historical patterns: In the past 30 years, during the 5 rounds of interest rate cuts by the Federal Reserve, 60% of the cycles saw stock market increases (such as preemptive interest rate cuts in 1995 and 2019), while 40% saw declines (such as the 2008 financial crisis relief), with interest rate cuts not having an immediate effect but often boosting risk assets in the long term. Current prediction: The combination of September's preemptive interest rate cuts and $7.2 trillion in potential money market funds may drive a structural bull market in US stocks/cryptocurrency markets (especially ETH and compliant assets), but altcoins need fundamental support. Key risks: High market valuations, geopolitical uncertainties, and selective capital inflows may lead to divergence, necessitating careful selection of sectors instead of expecting a general rise.
8. Opinion: This round of bull market is driven by liquidity created by capital expenditures of AI giants, which is transformed into token upward momentum through structural buying from cryptocurrency treasury companies and ETFs. Its sustainability completely depends on the complete operation of the chain "AI wealth effect → treasury companies purchasing coins → market breakthrough." Once a key link breaks (such as ETF stagnation or a decline in capital expenditure), it will face the risk of trend reversal, differing from the retail-driven cyclical model of 2021.
9. Barclays: The market is too confident that the Federal Reserve will cut interest rates in September, while Powell's speech on Friday may challenge this view. The notion that a rate cut is a foregone conclusion overlooks the drastically different economic background compared to a year ago. Compared to the same period in 2024, today’s policy rates are already 100 basis points lower, core PCE inflation is slightly higher and expected to accelerate above 3%, while the unemployment rate remains stable; July retail sales data showed robust performance after upward revisions to previous values, indicating continued consumer spending resilience. Additionally, financial conditions are also looser than a year ago. Therefore, from the perspective of economic data, the arguments supporting rate cuts this year are far less substantial than last year. If attempts are made to stimulate employment numbers back to past highs through monetary policy, it could lead to an overheating labor market and intensified inflation.
