Key Takeaways
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Macro Environment: At Jackson Hole, Powell struck a dovish tone, noting rising downside risks in the labor market and stating that further tightening may not be necessary. Expectations for a September rate cut surged, driving all three major U.S. indices sharply higher. Small-cap stocks outperformed large-caps, reflecting broadening risk appetite.
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Crypto Market: Powell’s dovish remarks reignited market sentiment. BTC rallied rapidly from USD 112K to USD 117K before weekend whale sell-offs pushed it lower. ETH showed strong momentum, breaking a new all-time high and lifting ETH/BTC above 0.042. Bitcoin dominance fell below 58% as major altcoins surged broadly.
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Outlook for Today:
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Japan Crypto Summit WebX (Aug 25–26, Tokyo)
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ALT unlock: 6.01% of circulating supply, ~$8.5M
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,466.92 | +1.52% |
| NASDAQ | 21,496.53 | +1.88% |
| BTC | 113,463.60 | -1.69% |
| ETH | 4,780.14 | +0.03% |
Crypto Fear & Greed Index: 47 (previously 53, 24h ago), Neutral.
Project Highlights
Trending Tokens: WLFI, AAVE, OKB
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WLFI: Trading and initial 20% claims will open on September 1; multiple major exchanges launched pre-market trading for WLFI.
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AAVE: Aave and WLFI teams clashed over Aave receiving 7% of total WLFI token supply, triggering significant AAVE price volatility.
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ONDO: Ondo Finance announced tokenized stocks will launch on September 3.
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IP: Story Foundation to initiate an $82M IP buyback program in the open market.
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ZRO: LayerZero’s $110M Stargate acquisition proposal was approved.
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OKB: OKX to launch a $100M X Layer ecosystem fund.
Macro Economy
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Powell: Uncertainty around estimating maximum sustainable employment means policy tightening is not necessarily required. Announced abandonment of the 2020 Flexible Average Inflation Targeting framework, replaced with a new regime adaptable to varied conditions.
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Market priced in 91.1% probability of a Fed rate cut in September after Powell’s remarks.
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Canada to remove retaliatory tariffs on multiple U.S. products.
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Fitch affirmed U.S. credit rating at “AA+” with a stable outlook.
Industry Highlights
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U.S. DOJ announced it will no longer prosecute decentralized software developers under Section 1960(b)(1)(C).
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Haycen approved in Bermuda to issue stablecoins, plans to launch GBP-pegged token.
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Kraken completed deployment of distributed validator technology, enabling ETH staking through the SSV network.
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Michael Saylor released another Bitcoin Tracker update.
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China Renaissance signed a strategic MOU with YZi Labs, committing ~$100M to BNB allocation.
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VanEck filed for a JitoSOL ETF; 21Shares registered an XRP ETF in Delaware.
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WLFI token trading and initial 20% claims open Sept 1.
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ETHZilla raised equity financing target to $10B to support ETH purchases.
This Week’s Outlook
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Aug 25: ALT unlock (6.01% of supply, ~$8.5M); Japan Crypto Summit WebX (Aug 25–26, Tokyo).
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Aug 26: HUMA unlock (23.38% of supply, ~$10M).
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Aug 27: NVIDIA earnings; Hong Kong Blockchain Summit.
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Aug 28: U.S. Q2 Real GDP annualized (revised); Bitcoin Asia opens at HKCEC with Eric Trump in attendance.
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Aug 29: U.S. Core PCE (July).
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
