Key Takeaways
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Macro Environment: On Friday, U.S. July Core PCE was higher than the previous value and in line with expectations, showing inflation remains stubborn but controllable. Weakness in tech stocks weighed on U.S. equities, with all three major indices closing lower on the final trading day of August.
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Crypto Market: Bitcoin remained sluggish; after a brief uptick following the Core PCE release, it quickly retraced, and market sentiment shifted to fear. The ETH/BTC ratio rose for the 4th consecutive day, holding near 0.04. Although the altcoin market share edged up slightly, excluding ETH it actually dropped by 0.14%, showing overall weakness.
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Outlook for Today:
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U.S. stock market closed for one day
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WLFI to launch on Ethereum mainnet; early investors unlock 20%
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Ethereum Fusaka mainnet to release Holesky and Sepolia client versions on Sept 1
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Starknet v0.14.0 to go live on Sept 1
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SUI unlock ratio: 1.25%, valued at ~$145 million
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,460.25 | -0.64% |
| NASDAQ | 21,455.55 | -1.15% |
| BTC | 108,244.90 | -0.52% |
| ETH | 4,409.73 | +0.41% |
Crypto Market Fear & Greed Index: 46 (48 twenty-four hours earlier), level = Fear
Project Highlights
Trending Tokens: WLFI,TRUMP,POL
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WLFI: The Trump family’s project WLFI will launch today, with early investors unlocking 20%.
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WLFI-related tokens (B, TRUMP, EGL1, etc.) rose ahead of launch.
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POL: The technical upgrade from MATIC (Polygon) to POL is 99.18% complete.
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XRP: Japanese gaming giant Gumi plans to invest 2.5 billion yen in XRP.
Macro Economy
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U.S. Core PCE YoY: 2.9%, in line with expectations, higher than previous
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U.S. Aug Michigan Consumer Sentiment Final: 58.2, below expectations
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U.S. Aug 1-year Inflation Expectations Final: 4.8%, below expectations
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No ruling yet on Trump’s bid to remove Cook; Cook remains in office
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U.S. M2 money supply reached $22.12 trillion, an all-time high
Industry Highlights
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Michael Saylor once again published Bitcoin Tracker info, may disclose new purchase next week
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Circle has no plans to issue a KRW stablecoin
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Strategy Corp may be added to the S&P 500 as early as this week
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Hyperscale Data plans to raise $125 million via common stock sale to buy BTC and XRP
This Week’s Outlook
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Sept 1: U.S. market holiday; WLFI launches on Ethereum mainnet with 20% early unlock; Ethereum Fusaka releases Holesky & Sepolia clients; Starknet v0.14.0 goes live; SUI unlocks 1.25% (~$145m)
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Sept 2: U.S. Aug S&P Global Manufacturing PMI Final; U.S. Aug ISM Manufacturing PMI; ENA unlock 1.25% (~$145m)
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Sept 3: Ondo Finance to launch on-chain U.S. stock trading platform
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Sept 4: Fed Beige Book release; U.S. Aug ADP Employment; Taipei Blockchain Week 2025
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Sept 5: U.S. Aug Non-Farm Payrolls; IMX unlock 1.27% (~$12.8m)
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.
