The market was generally in a quiet consolidation phase at the beginning of this week, but as Powell's speech at the Jackson Hole conference approached on Friday night, market expectations gradually heated up. Powell did not respond strongly to the market's expectations of a quick adjustment to faster and earlier rate cuts, but admitted that "now is the time" to start the Fed's rate cut cycle...

Yesterday (25AUG) was not a quiet Sunday. In the Middle East, Israel declared a 48-hour state of emergency, and the risks caused by geopolitics were injected into the market, causing the front-end IV to rise. In terms of digital currency, TG's founder Pavel Durov was arrested in France on charges including terrorism and fraud...

Here, you must avoid letting the sharp price fluctuations damage your mentality and net worth. It is a better choice to prepare for the next stage of the market.

Some readers may remember former ECB President Draghi’s famous “whatever it takes” declaration during the Euro crisis, which marked an important historical turning point when the central bank effectively provided a floor for the market and pushed investors into a years-long “risk-on” mode…

The US dollar index continued to fall, Powell issued a strong signal of interest rate cuts, and BTC remained volatile over the weekend after rising on Friday. The arrest of Telegram's founder in France caused a sharp drop in the TVL of the TON ecosystem. The TON coin price rebounded after a sharp drop, and the incident was widely discussed on social media.

In March 2024, L2s paid over 10,000 ETH in fees on Ethereum, but in July, they paid less than 400 ETH in fees.

If you want to provide longer-term financial support for operations, either the price of ETH will increase, or you will start staking to earn returns.

WazirX: Will provide more details on the reorganization next week.

In the past week, the price of Bitcoin and Ethereum fluctuated and then rose. The historical volatility peaked on August 20 when the wide range fluctuated, and the trading volume peaked on August 23 when it rose. The open interest of BTC and ETH has increased. The implied volatility of BTC has increased while that of ETH has decreased. Bitcoin performed the best in comparison with gold, Nasdaq, Hang Seng Index and CSI 300. The funding rate of Bitcoin fell to negative, reflecting the pessimistic sentiment of market participants. The correlation between the selected 129 currencies remained at around 0.85, indicating that the consistency between different varieties has increased from a low level.

When bond yields climb and gold prices rebound at the same time, BTC is likely to be the main beneficiary.

Focus on on-chain data and review daily news.

The privatization of order flow will continue to expand as the commodity value of blockspace grows and pave the way for large-scale applications.

In-depth comparison of the three most popular public chains in the bull market.

Yesterday, the US employment data was significantly lowered as expected, but BTC did not react to it at the beginning of the US market, indicating that the market has already digested this information. The current focus is still on the speech delivered by Federal Reserve Chairman Powell at the global central bank conference held in Jackson Hole, Wyoming on Friday...

In the long term, the bull thesis is even more compelling, especially after this year’s price volatility.

Has the bull run begun? If not, what does this mean for future prices?