Barclays and BNP Paribas expect the Fed to cut interest rates by 25 basis points in September, citing a shift in Fed Chairman Powell's attitude towards rising risks in the job market at the Jackson Hole meeting. Barclays now expects two 25 basis point rate cuts in September and December this year, saying Powell's speech introduced a "dovish bias" and raised the threshold for not cutting rates. BNP Paribas has also changed its long-standing view of the Fed staying put, predicting rate cuts in both September and December. "Powell clearly stated that the Fed intends to make 'fine-tuning' rate cuts in September, unless data indicates otherwise."

according to Cointelegraph, cryptocurrency exchange Coinbase has sued German man Tobias Honscha in a California federal court, accusing him of maliciously squatting on the domain name coinbase.de and attempting to extort the company.

according to mempool data, at 5:43:51 this morning, a certain independent Bitcoin miner successfully packaged block 907,465, receiving a block reward of 3.164 BTC, worth approximately $375,800.

 according to market data, in the past hour, more than 40 pieces of Fat Penguin NFT were traded. Among them, two whale addresses bought 9 and 12 NFTs respectively. Influenced by this, the floor price of Fat Penguin NFT rose by 15.6% in 24 hours, now at 16.6 ETH.

the trading volume of the Shanghai and Shenzhen stock markets exceeded 2.5 trillion yuan for the second consecutive trading day.

economists at Bank of America said in a report that the Bank of Japan may signal a shift towards a less dovish stance. The market generally expects the Bank of Japan to keep its policy rate unchanged at 0.5% at this week's monetary policy meeting. However, considering the recent trade agreement reached between Japan and the United States, it may adopt a less dovish tone. The agreement reduces a significant uncertainty, and the Bank of Japan has pointed out that this is one of the reasons for postponing tightening policy. 

 according to on-chain information, a smart money reduced 25 times the ETH long position in nearly 1 hour. As of the time of writing, it has reduced the position by 6,913.12 ETH, reducing the position value by $21,048,396.95. Currently, it still holds a long position in ETH worth $71.33 million, with a floating profit of $4.76 million.

a whale purchased 640,000 WLFI tokens at an average price of $0.185 through Whales Market, worth about $124,000.

according to @CryptooIndia, the fund flow of US spot ETFs last week (August 18-22)

 according to on-chain information, a smart money reduced their ETH long position by 25x 2 hours ago, reducing their holdings by 2,368.85 coins, currently holding only $388.4 worth of ETH long positions.

according to a report by Forbes in June 2024, CZ held about 89.1 million BNB at that time. With the recent continuous rise of BNB breaking new highs, based on the current price of BNB at $840, the value of this BNB is approximately $74.844 billion.

7:00-12:00 Keywords: White House, Pump.fun, MetaMask, The Torch NFT

 according to Lookonchain monitoring, a whale deposited 3.25 million USDC to Hyperliquid, established a short position of 3000 ETH with 25 times leverage, with a total position value of approximately 12.98 million US dollars, and its liquidation price is 5291.9 US dollars.

7:00-12:00 Keywords: AERO, Walrus, Robinhood, Binance

the market shows ILV breaking through $15, now trading at $15.04, with a 24-hour increase of 0.87%. The market is fluctuating greatly, please be prepared for risk control.

according to on-chain information, Abraxas Capital has increased its ETH and BTC short positions by 10 times in the spot market. Currently, it holds a total of $345 million worth of Bitcoin short positions and $291 million worth of Ethereum short positions.

according to on-chain analyst OnchainLens (@OnchainLens), a whale deposited 2.99 million USDC into HyperLiquid to increase their long position on XPL by 3 times.

7:00-12:00 Keywords: LINK, stablecoin, Industrial Bank, Ethereum spot ETF

James Wynn stated in a post that Bitcoin's market share is in free fall (data shows it has fallen to 60.76%), the time is now, Risk-on (combining with his previous remarks, can be understood as the altcoin season) season has arrived. On July 25, James Wynn said that Bitcoin's price and market share are falling in sync, and the market may transition to the altcoin season.

spot gold touched 3360 US dollars per ounce, up 0.29% intraday.