1. This week's macro news preview: The Federal Reserve meeting minutes and the latest unemployment figures will be released on Thursday, and Powell will speak at the central bank's annual meeting on Friday.
2. Thailand officially launched a nationwide regulatory sandbox program today called TouristDigiPay, allowing foreign tourists to exchange cryptocurrencies for Thai Baht and make electronic payments.
3. According to Cointelegraph, the Qubic community and the Monero 51% attackers have voted to make Dogecoin the next test subject. The Qubic official response stated that discussions and preparations regarding DOGE are currently underway, aiming to test theories and concepts and explore ways to enhance miner profits, without targeting any specific project for attack.
4. Today's CME 'Fed Watch' data: The probability of a rate cut by the Federal Reserve in September is 84.6%.
5. According to SoSoValue data, the cryptocurrency market continues its correction trend, but the DeFi sector has risen against the trend by 1.81%. Within the sector, Chainlink (LINK) surged by 14.32%.
6. The Law School of Renmin University of China has released an enrollment brochure, planning to hold an advanced training course on the legal practices of dealing with virtual currencies involved in cases, stablecoins, and RWA from August 29-31, 2025, at Renmin University of China. Judicial authorities, lawyers, corporate legal affairs, and researchers can apply to participate.
7. Bloomberg: Bond traders expect the Federal Reserve to lower interest rates, with a 25 basis point cut next month almost seen as a certainty, and at least one more cut by the end of the year. Meanwhile, Atlanta Fed President Raphael Bostic stated that based on his recent visit to the southeastern U.S., consumer pressure is increasing, and tariff costs are real.
8. Goldman Sachs expects the Federal Reserve to cut interest rates three times this year, with cuts anticipated in September, October, and December, due to weak job growth in the U.S. Analysts point out that job additions have slowed to about 30,000 per month, far below the approximately 80,000 needed to achieve full employment, and future data revisions may skew negative. They believe the risks are not only from trade and immigration; 'compensatory hiring' is fading, and growth in most sectors is close to zero. Goldman Sachs warns that despite the unemployment rate remaining stable, even a slight slowdown in the labor market is concerning. If the unemployment rate shows a more significant increase, it could trigger a larger rate cut of 50 basis points.
