1. BTC breaks $124,000, setting a new historical high.
2. The U.S. July PPI annual rate is 3.3%, significantly exceeding the market expectation of 2.5%, the highest since February. The U.S. July PPI monthly rate recorded 0.9%, the largest increase since June 2022. Following the release of U.S. economic data, interest rate futures traders reduced bets on Federal Reserve rate cuts.
3. Russian President Putin and U.S. President Trump will meet in Anchorage, Alaska, the largest city in the state, starting at 3:30 a.m. Beijing time on the 16th, conducted in a 'one-on-one' format with translation assistance. The two presidents will hold a joint news conference after the talks.
4. U.S. Treasury Secretary Bessent: It is unlikely that we will reassess the U.S. gold reserve holdings. The value of Bitcoin reserves is approximately $15 to $20 billion, and we will stop selling Bitcoin holdings. We will retain gold as a store of value. He also stated that there has been no call for the Federal Reserve to lower interest rates to 1.5%. A rate cut may start with a 25 basis point reduction and accelerate, believing there is a range of space for rate cuts. In addition, all options for selling Fannie Mae and Freddie Mac equity are being explored.
5. ListaDAO's proposal LIP 021 has been approved, which plans to permanently destroy 20% of the maximum token supply in one go, reducing the total supply from 1 billion to 800 million.
6. Coinbase announced that it has completed the acquisition of the cryptocurrency options exchange Deribit, bringing Coinbase closer to providing a full range of trading products, including spot, futures, perpetual contracts, and options.
7. Real Vision's Chief Cryptocurrency Analyst Jamie Coutts stated that stablecoins will eliminate trillions of dollars in economic friction, thereby increasing merchants' net profit margins, achieving new economic value transfer, and improving the velocity of currency circulation. Meanwhile, DeFi will significantly reduce credit costs. The International Monetary Fund's internal data also supports this trend. In the U.S., blockchain providers have already offered home equity lines of credit with interest rates more than 100 basis points lower than traditional credit (currently, outstanding loans have reached $11 billion). Coutts estimates that the potential global economic unlocking value reaches $1 trillion annually.
8. OKX officially launched the 'OKX Trader Season' event preview. This event, themed 'Better for Traders', focuses on the core needs of global traders, launching a series of product experience upgrades and community interactions, and advancing in multiple phases to provide tangible value upgrades and co-create content systems with users, delivering an immersive trading experience.
9. According to current market data (BTC market share fell to 57.7%, ETH market share rose to 14.0%, but altcoin market share remains below 15%), combined with trader b66ny's three-phase model and im_BrokeDoomer's historical channel support analysis (support level not broken), the full altcoin season has not yet started. It is expected to possibly erupt around October 2025, accompanied by ETH breakthroughs and funds spreading to small-cap tokens (refer to the rise of the OTHERS.D indicator). This timing has over 70% consensus (as joao_wedson expects a peak in November), and if the Federal Reserve cuts rates on September 17 (current probability 95%) it may accelerate further.