Key Takeaways
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Macro Environment: Milan is highly likely to take office before the September FOMC meeting, slightly increasing rate cut expectations. U.S. equities were closed for the day; U.S. equity futures edged higher.
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Crypto Market: With U.S. equities closed and lacking direction, Bitcoin traded in a narrow range between 107k–109k, closing up 0.92% on the day. ETH came under pressure, ETH/BTC fell below 0.04, and altcoin market cap dominance dropped by 0.3%, with broad-based declines across altcoins.
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Outlook for Today:
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U.S. August S&P Global Manufacturing PMI Final
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U.S. August ISM Manufacturing PMI
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ENA unlock: 1.25% of circulating supply, ~$145M
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Main Asset Changes
| Index | Value | % Change |
| BTC | 109,237.40 | +0.92% |
| ETH | 4,314.33 | -1.78% |
Crypto Fear & Greed Index: 49 (vs. 46 24h ago), Neutral
Project Highlights
Trending Tokens: WLFI
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WLFI: Circulating supply ambiguity before launch caused major controversy. Opening price was 0.3. Early-round investors gained 20x and 6x returns respectively, leading to heavy profit-taking and sharp price declines at launch.
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USD1 Ecosystem Projects (B, BLOCK, EG1): Declined alongside WLFI.
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SOL: Solana’s proposal SIMD-0326 passed, reducing block finality time from 12.8 seconds to ~150 ms.
Macro Economy
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U.S. Treasury Secretary Bessent: Fed nominee Milan is highly likely to assume office before the September FOMC meeting.
Industry Highlights
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Hong Kong Monetary Authority: Received 77 stablecoin license intent applications, but only a few licenses will be issued in the initial phase.
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South Korea: To share domestic and overseas crypto transaction data with multiple foreign tax authorities.
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EU Regulators: Warn tokenized stocks may mislead retail investors.
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Metaplanet increased Bitcoin holdings by 1,009 BTC, bringing its total to 20,000 BTC.
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WLFI: USD1 officially launched on Solana, integrated with Raydium, BONK.fun, and Kamino.
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WSJ: Trump family accumulated $5B in paper wealth following WLFI issuance.
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Futian Investment Holdings issued the world’s first public offshore RMB RWA bond on a public blockchain.
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CoinShares: Digital asset investment products saw $2.48B in inflows last week.
This Week’s Outlook
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Sep 2: U.S. Aug S&P Global Manufacturing PMI Final; U.S. Aug ISM Manufacturing PMI; ENA unlock (1.25% of supply, ~$145M).
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Sep 3: Ondo Finance to launch on-chain U.S. equities trading platform.
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Sep 4: Fed Beige Book release; U.S. Aug ADP employment change; Taipei Blockchain Week 2025.
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Sep 5: U.S. Aug Nonfarm Payrolls; IMX unlock (1.27% of supply, ~$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.
