Key Takeaways
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Macro Environment: U.S. Q2 GDP was revised upward, coming in above expectations. Q2 Core PCE was revised down to 2.5%, below expectations. The VIX hit a yearly low, signaling optimistic market sentiment. All three major U.S. stock indexes closed higher, with the S&P 500 reaching a record high.
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Crypto Market: U.S. crypto policy is accelerating. The U.S. Department of Commerce piloted blockchain-based economic data releases, while the CFTC issued guidance on a registration framework for foreign trading platforms, aiming to attract offshore exchanges back to the U.S. On market performance, BTC traded sideways around $113k, closing the day up 1.18%. ETH/BTC fell below 0.04, marking two consecutive days of decline. Altcoin market cap dominance remained stable.
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Outlook for Today:
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U.S. July Core PCE
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,501.85 | +0.32% |
| NASDAQ | 21,705.16 | +0.53% |
| BTC | 112,572.60 | +1.18% |
| ETH | 4,511.94 | +0.11% |
Crypto Fear & Greed Index: 50 (vs. 48, 24h ago), Neutral
Project Highlights
Trending Tokens: PYTH, LINK
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PYTH (+97%): The U.S. Department of Commerce selected Pyth Network for on-chain economic data validation and distribution; Nasdaq-listed Caliber announced the establishment of a digital asset treasury strategy with a focus on LINK.
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LINK (+2%): The U.S. Department of Commerce partnered with Chainlink to bring U.S. government macroeconomic data on-chain.
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SUI (-1%): Sui partnered with Alibaba Cloud to launch an AI coding assistant for Sui Move developers.
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TREE (+23%): Upbit listed TREE in KRW, BTC, and USDT trading pairs.
Macro Economy
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U.S. Q2 Real GDP annualized growth revised to 3.3%, above expectations
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U.S. Q2 Core PCE Price Index annualized growth revised to 2.5%, below expectations
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Fed Governor Lisa Cook sued President Donald Trump
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Fed Governor Waller: Supports a 25bps rate cut in September, expects further cuts over the next 3–6 months
Industry Highlights
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U.S. CFTC issued guidance on foreign exchange platform registration, providing clarity for offshore platforms seeking to re-enter the U.S.
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U.S. government plans to bring GDP data on-chain, targeting nine blockchains including Bitcoin, Ethereum, and Solana. The U.S. Department of Commerce partnered with Chainlink to publish official macroeconomic data on-chain and selected Pyth Network for data validation and distribution.
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Public company CIMG raised $55M via equity offering and will purchase 500 BTC
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Ethereum reserve entities and spot ETFs now hold over 9% of the current ETH supply
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Guotai Junan International launched crypto trading services
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Tether announced plans to issue USDT on RGB
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U.S. SEC delayed decision on Grayscale’s proposal to add staking features to its spot ETH ETF
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21Shares filed for a Sei ETF with potential staking features; SEC continues reviewing altcoin ETF applications
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recovery.
This Week’s Outlook
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Aug 29: U.S. July Core PCE
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.
