Key Takeaways
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Macro Environment: U.S. JOLTS job openings fell below expectations, hitting the lowest level in over a year. Combined with the Fed’s Beige Book showing stagnation in most regions, signs of a weakening labor market and economy strengthened rate-cut expectations, pushing the probability of a September rate cut up to 97.6%. This fueled a rebound in U.S. equities.
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Crypto Market: Bitcoin recorded three consecutive daily gains, rising 0.42% in the latest session, approaching the $113.5K resistance. A broader market recovery lifted altcoin market cap by 0.2%, ETH/BTC rebounded to ~0.04, and SOL showed strong performance.
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Outlook for Today:
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U.S. August ADP Employment Data
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Taipei Blockchain Week 2025
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6.448.27 | +0.51% |
| NASDAQ | 21,497.73 | +1.02% |
| BTC | 111,700.00 | +0.42% |
| ETH | 4,450.52 | +2.88% |
Crypto Fear & Greed Index: 51 (vs. 55 yesterday) → Neutral
Project Highlights
Trending Tokens: ENA, JELLYJELLY
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Ethereum ecosystem tokens ENA, PENDLE, CRV, and LDO rose broadly with ETH’s rebound
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ONDO: Ondo Finance announced the launch of its tokenized U.S. equities platform, Ondo Global Markets
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INJ: Public company Pineapple Financial unveiled a $100M Injective digital asset treasury strategy
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TON: Public company AlphaTON Capital plans to acquire $100M in TON tokens
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AWE: Coinbase listed Awe (AWE)
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Linea: TGE scheduled for Sept 10, with airdrop eligibility checker already live
Macro Economy
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U.S. July JOLTS job openings: 17.81M, below prior and expectations
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Fed Beige Book: Most districts report stagnant economic activity
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Fed Governor Waller: Tariffs unlikely to cause long-term inflation; next meeting should consider a rate cut
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Fed’s Bostic: One rate cut in 2025 remains appropriate
Industry Highlights
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Fed to hold a Payments Innovation Conference on Oct 21
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Pakistan’s central bank withdrew its warning against crypto trading
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Prediction market Polymarket received CFTC approval to re-enter the U.S. market
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U.S. banks resumed Bitcoin custody services after years of suspension
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Hong Kong Fosun tokenized shares of a $328M healthcare company
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AlloyX Group reached a merger deal with Huaying Holdings at a $350M valuation
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Galaxy Digital to issue tokenized equity on Solana
This Week’s Outlook
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Sept 4: U.S. August ADP Employment Data; Taipei Blockchain Week 2025
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Sept 5: U.S. August Non-Farm Payrolls; IMX unlock (1.27% of supply, ~$12.8M value)
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.
