The FED has released the minutes from the late July meeting:
Interest Rate: Continuing to hold at 4.25% – 4.50%, most members agree not to change policy.
Disagreement: Two members, Bowman and Waller, proposed a 0.25% cut due to concerns about a weakening labor market.
Biggest Concern: The risk of inflation returning from import tax policies. Although the exact impact is unclear, the FED believes it needs to be closely monitored.
While traders are still arguing about whether #ETH can hit 4K, Sharplink smoothly closed a $650M ETH deal with Bitmine.
🔗 Just this week, the TOP2 ETH holder has scooped up an additional 143,593 ETH at an average price of ~$4,648, bringing the total to 740,760 ETH ~ $3.2B.
⚡️ Although still "far away" from Bitmine's $1.7B, Sharplink's accumulation speed is like hitting Turbo – in just over 2 months, it has gained $616M 💸.
🔥 European leaders and Ukrainian President visit Trump in the U.S.
➡️ The President of the European Commission (EC) has just confirmed that she and several other European leaders will accompany Ukrainian President Volodymyr Zelensky to meet with U.S. President Donald Trump at the White House on August 18 at the invitation of the head of Kiev.
➡️ The "voluntary alliance" established by the UK and France after the Trump administration threatened to withdraw security assistance to Europe. This alliance includes more than 30 countries working together to support Ukraine. The voluntary alliance promises to ensure security for Ukraine in the event that Moscow and Kiev reach an agreement. Currently, several countries including France and the UK have committed to sending troops to Ukraine to implement the potential agreement.
➡️ At the same time, the French President's Office issued a statement saying that European leaders will coordinate with the U.S. to achieve a fair and lasting peace, protecting Ukraine's vital interests and Europe's security.
➡️ This week there is the FOMC meeting minutes, US unemployment claims, and the FED chairman has a speech. Please pay attention to the trading time frame 👌
🌍 Trump – Putin Summit Early This Morning (VN Time)
At 2:30 AM this morning, while the people of Vietnam were still sleeping, in Alaska, President Donald Trump and President Vladimir Putin held a nearly 3-hour direct meeting.
Main content:
The focus was on the Ukraine conflict, seeking ways to end the hostilities.
Both sides praised the "effective meeting, good progress" but did not reach an agreement or a ceasefire.
Trump stated: "No deal until there is actually a deal" and will consult further with NATO, Europe, and Ukraine.
Putin emphasized the need to address the "root causes of the war" and hinted at the possibility of cooperation on economic, energy, and Arctic matters.
🏛 The meeting included full red carpet protocol, with US military planes flying over to demonstrate power, but the press conference ended quickly without answering questions. Putin also invited Trump to Moscow for the next round – Trump kept the possibility open.
⚡️ Result: No breakthrough yet, but at least the US and Russia have "spoken directly again" after many years of tension. The world will continue to wait to see if this is the beginning of a larger agreement or not.
🖥 The Jackson Hole Conference 2025 will take place from August 21–23, where the global financial elite will discuss economic prospects and monetary policy direction.
This year's developments are particularly noteworthy as: ⚡️ Tariffs have started to put pressure on inflation ⚡️ The labor market shows signs of cooling down ⚡️ The probability of the Fed cutting interest rates by 0.25% next month is increasing
💭 Jackson Hole has long been the "meeting point" at the end of August for central bank governors, top experts, and scholars, where the messages delivered can shake the global markets.
😀 Spotlight: The speech by Fed Chair Jerome Powell – will it reveal the path to interest rate cuts?
- Both PPI and Core PPI increased significantly, more than 4 times the forecast → inflationary pressure from production is widespread, not just due to energy prices. The labor market remains strong.
➡️Fed may continue to keep interest rates high for longer → USD benefits, gold & stocks face adjustment pressure.
💸 Digital assets are “outperforming” stocks in Vietnam
The trading volume of digital assets in Vietnam currently reaches approximately 5 billion USD/day (more than 120 trillion VND) — more than 3 times the value of listed stock transactions.
This shows:
The flow of money into crypto & digital assets is stronger than ever.
Vietnam is among the most vibrant markets in the world for digital asset trading.
Great opportunities come with high risks if lacking knowledge & legal management.
To play Spot effectively, you need to keep a clear head. Don't rush to close your position just because you've made a small profit or if the price adjusts slightly, as it's easy to miss out on the best part of the wave during an Uptrend.
Like recently with ETH, an opportunity that appears once every 4 years, a 30% profit is still something I let my friends hold onto, because the goal is to capture the entire big run, not to jump in and out for optimal 'on paper' gains and then miss a 150% pump like OKB. In the market, sometimes there are periods where 'sitting still' is the hardest but most rewarding move 👌