1. Summary of key points from Powell's Jackson Hole speech: September rate cut expectations strengthened: Powell clearly stated that 'the risk balance is shifting,' the policy stance needs adjustment, releasing strong dovish signals, with the market's expectation probability for a 25 basis point rate cut in September skyrocketing to 91%. Economic outlook faces dual risks: the job market presents a 'peculiar balance' (new jobs plummeted, but the unemployment rate remains low at 4.2%), inflation is pushed up by tariffs (Core PCE at 2.9%), creating a complex situation of 'inflation risks skewed upwards and employment risks skewed downwards.' Major adjustments to the monetary policy framework: The Federal Reserve has abandoned the 'flexible average inflation targeting' and 'employment gap' terminology from 2020, reverting to traditional inflation targeting, and establishing a 'balancing approach' when dual targets conflict, enhancing policy adaptability.
2. According to a previous proposal released by WLFI, Aave, as a lending ecosystem partner of WLFI, will adopt the same reserve factor mechanism in this Aave v3 instance as in the main Aave instance. AaveDAO will receive 20% of the protocol fees generated by the WLFI Aave v3 instance and will receive approximately 7% of the total supply of WLFI tokens to participate in future WLFI governance processes, liquidity mining, and promote the decentralization of the WLFI platform. This portion of tokens is currently valued at 2.79 billion dollars, while the AAVE FDV is currently only 5.9 billion dollars.
3. The demand for ETH from OTC trading platforms and market makers is stronger than that for BTC, and ETH may continue to outperform BTC in the future.
4. Ondo Finance will launch an on-chain U.S. stock trading platform on September 3.
5. WLFI will launch on the Ethereum mainnet on September 1, early investors will unlock 20%.
6. As ETH hits a historic high, Ethereum network Gas fees remain at historically low levels, with the daily median Gas fees below 1 gwei over the past week.
7. Axie Infinity co-founder: The cryptocurrency most sensitive to interest rates is ETH, as the yield difference between depositing stablecoins in DeFi and dollars in banks widens with falling interest rates. However, St. Louis Fed President Alberto Mucalem stated that more time is needed to decide whether to support a rate cut, but some cryptocurrency market participants expect further gains in the crypto market if Powell hints at a rate cut.
8. Several asset management firms have submitted revised S-1 filings for the XRP spot ETF, interpreted by the market as a positive signal that may boost XRP and related ETF progress.
9. According to a report from market maker Jump Crypto's research team, the DFBA (Dual-Stream Bulk Auction) mechanism proposed by Jump Crypto addresses issues of delayed arbitrage, MEV exploitation, and liquidity fragmentation in traditional on-chain order books by grouping orders and conducting two independent auctions every 100 milliseconds at a single clearing price, shifting trading competition from speed to price and scale.
10. The Ethereum Foundation's Protocol Update 002 is centered around introducing the PeerDAS architecture through the Fusaka upgrade, increasing block Blob capacity from the current 6 to 48, achieving an 8-fold throughput increase, and reducing node burden with distributed data sampling and bandwidth optimization techniques (such as unit-level messaging), providing a low-cost, high-throughput data availability layer for L2. This update marks Ethereum's shift from a 'fork-centric' approach to a progressive scaling strategy, balancing performance and decentralization along the path of Blob parameter hard fork (BPO) → PeerDAS → Glamsterdam (PeerDAS v2 in 2026) → FullDAS, accelerating L2 ecosystem development and supporting real-time payments, AI, and other high-frequency application scenarios.
Key points in the market to focus on next week:
Tuesday 03:15, 2026 FOMC voting member and Dallas Fed President Logan will speak and participate in a panel discussion at the Mexican Central Bank's 100th anniversary conference;
Tuesday 07:15, FOMC permanent voting member and New York Fed President Williams will deliver a keynote speech at the Mexican Central Bank's 100th anniversary conference;
Tuesday 22:00, U.S. August Conference Board Consumer Confidence Index, U.S. August Richmond Fed Manufacturing Index;
Thursday 00:45, 2027 FOMC voting member and Richmond Fed President Barkin will speak;
Thursday 20:30, U.S. second quarter real GDP annualized quarterly rate revision;
Friday 06:00, Federal Reserve Governor Waller will speak on monetary policy;
Friday 20:30, U.S. July Core PCE Price Index Year-on-Year, U.S. July Personal Spending Month-on-Month, U.S. July Core PCE Price Index Month-on-Month.
