● After Powell's speech, the market expects the probability of a rate cut in September to rise to 90%
According to PANews, Federal Reserve Chairman Jerome Powell stated that the tariff price effect is temporary and part of a reasonable baseline scenario, and the stable unemployment rate allows the Fed to be more cautious when adjusting policy stance. He emphasized that one-time price increases should not evolve into persistent inflation issues and introduced a new framework to adapt to various economic conditions. At the same time, Powell pointed out that the employment situation faces downward risks. Following Powell's speech, traders expect the probability of a Fed rate cut in September to rise from 75% to about 90%.
● Philippine congressman proposes establishing a national Bitcoin strategic reserve
According to Cointelegraph, the Philippine Congress is considering a proposal requiring the central bank to establish a strategic reserve to purchase 10,000 Bitcoin. The proposal was introduced by Congressman Migz Villafuerte of Camarines Sur, planning to buy 2,000 Bitcoin annually over five years. The bill, titled the 'Strategic Bitcoin Reserve Act', requires the Philippine central bank to purchase 10,000 Bitcoin worth $1.1 billion at current market prices and lock them in trust for at least 20 years, only to be utilized for repaying government debt. Villafuerte believes the Philippines should reserve strategic assets like Bitcoin to ensure financial stability and suggests Congress formulate new laws to diversify national assets. The bill also requires the central bank to implement a Bitcoin purchasing program and provide quarterly reports. If passed, the Philippines' Bitcoin holdings will surpass those of El Salvador, nearing Bhutan. El Salvador currently holds 6,276 Bitcoin, while Bhutan holds 10,565 Bitcoin.
● Messari releases BNB Chain Q2 2025 report: DEX trading volume, stablecoin transaction counts, and active users rank first across the chain
According to BlockBeats, Messari's latest BNB Chain Q2 2025 report shows that BNB Chain continued to maintain strong growth in the second quarter, with user activity and on-chain transactions reaching all-time highs. Daily active addresses and transaction volumes saw significant increases, DeFi activity remained robust, and DEX trading volumes as well as stablecoin transaction counts and active users ranked first across the chain, solidifying its leading position in the Web3 ecosystem. Key highlights include: in terms of market capitalization and investor confidence, BNB's market cap grew by 7.5% quarter-on-quarter to $92.6 billion. For on-chain transactions and activity, the average daily transaction volume increased by 101.9% to 9.9 million, while daily active addresses rose by 33.2% to 1.6 million; 17 million new addresses were added in May. Regarding DEX performance, DEX trading volume ranked first across the chain, with Q2 average daily trading volume of $3.3 billion, PancakeSwap's market share at 85.1%, and Uniswap's quarterly growth of 755.4% to $297 million. Network fees decreased by 90% to 0.1 gwei. In terms of stablecoins, stablecoin market cap increased by 49.6% to $10.5 billion, USD1 launched at $2.2 billion, USDT dominated with a market cap of $6.3 billion, and BSC's stablecoin transaction counts and active users ranked first across the chain. For DeFi TVL, it grew by 14% to $9.9 billion, remaining in fourth place. In terms of technical upgrades, Lorentz and Maxwell hard forks reduced block time to 0.75 seconds; opBNB and Volta upgrades increased cross-chain TVL to $64.9 million; Volta block intervals reduced to 500 milliseconds, achieving sub-second finality. For ecosystem support, MVB season nine supported 16 early projects; the stablecoin zero-fee carnival subsidized $4 million in gas fees, accelerating user adoption.
● Analyst: Decreased Bitcoin volatility leads speculative traders to shift to new markets
According to BlockBeats, on August 22, Bytetree Asset Management analysts pointed out that Bitcoin's annualized volatility has significantly decreased from nearly 200% a decade ago to 38%. Analysts stated that Bitcoin was once the rebellious child of finance but is now showing signs of maturity, with drastic fluctuations gradually fading. With the influx of buy-and-hold investors from Wall Street, Bitcoin's behavior pattern is increasingly resembling that of traditional blue-chip stocks, marking a new developmental stage for the cryptocurrency market.
