Odaily News: Allianz Chief Advisor Mohamed El-Erian said, "Fed Chair Warsh is about to deliver his first Jackson Hole keynote speech. At this important moment, he faces a delicate challenge: how to respond to the highly diverse expectations of the market and various stakeholders. On one hand, some hope he will continue the tradition of previous Fed Chairs by providing forward guidance while elaborating on his current policy reaction function—that is, how the Fed will make policy decisions in response to changes in economic data and conditions.

On the other hand, some hope he will return to the original long-term strategic positioning of this unique conference. This means placing greater focus on the growing number of increasingly complex domestic U.S. economic and policy issues, against the backdrop of deep structural changes driven by both technological innovation and geopolitical economics. Striking a balance between these two expectations is no easy task. This balance is not only difficult to achieve, but also almost certain to leave everyone dissatisfied. Meanwhile, policy factors outside the Fed further add to the difficulty of decision-making.

That said, Warsh's speech is also bound to provide an important window for the outside world, allowing the market to gain deeper insight into the policy philosophy and leadership style of this new Fed Chair. Personally, I would prefer his speech to focus more on long-term structural issues, especially given the still-significant divergence of opinions within the FOMC at present."

Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)

Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.

Odaily News - UK police financial investigation team announced the recovery of 20.21 Bitcoin along with other crypto assets and bank account funds, with a total value of approximately $1.4 million (£1.03 million). The individual involved had a prior money laundering conviction and has since passed away. With assistance from the police cyber team, investigators traced these assets back to dark web marketplaces that operated between 2016 and 2019. The police stated that these websites, now all shut down, had facilitated criminal activities such as drug supply and human trafficking, but did not disclose the specific platform names. (Decrypt)

Odaily News Federal Reserve Chairman Warsh is set to deliver one of the most closely watched public speeches since taking office at the Jackson Hole Global Central Bank Symposium. With the U.S. PCE inflation rate still at 3.7%, notably above the Fed's 2% longer-term target, and Treasury yields remaining elevated, the market still lacks a clear picture of when and under what conditions the Fed will further adjust monetary policy. Warsh has long sought to reduce forward guidance and let the market interpret the data on its own, but what Wall Street most wants to know now is precisely his "reaction function." If this speech continues to focus only on long-term issues such as productivity and demographics, the bond market may interpret the silence itself as a policy signal.

Currently, the market estimates about a one-third probability of a Fed rate hike in September. As Warsh has deliberately downplayed traditional forward guidance since taking office, the focus of this speech will center on how he assesses inflation, and what changes in inflation, employment, and economic growth would prompt rate hikes, rate cuts, or maintaining rates unchanged. Market participants believe that if Warsh signals a clearer hawkish stance, it could further push up short-term rates and Treasury yields; if he avoids the current policy path and focuses more on long-term topics like productivity and AI, it may be interpreted by the market as a dovish signal.

In addition, AI's impact on inflation could also be a focal point of this speech. Warsh has long been bullish on AI boosting productivity and helping lower long-term inflation, but the market believes the current AI investment boom is also driving up costs for construction labor and computer chips. This Jackson Hole speech could become a key moment for reshaping September policy expectations and global bond market pricing. (The Street)

Odaily News: According to official sources, the financial world model project De¹ has announced an investment from YZi Labs. This investment marks the starting point for establishing AI-native on-chain finance within the BNB Chain ecosystem. De¹ will work with YZi Labs to define how AI agents interact in real market environments. The project stated that details on how users can participate in the financial world model will be announced soon, with further information to be released through official channels.

Odaily News: Owner, an AI platform for local merchants, has announced the completion of a $240 million funding round, valuing the company at $2.3 billion. The round was led by Growth Equity under Goldman Sachs Alternative Asset Management, with participation from existing investors including Meritech, Redpoint, Headline, and Jack Altman. The company uses AI agents to automate marketing promotion, customer communication, and operational optimization services for local merchants. The new funds are intended to expand international operations and broaden local business use cases. (Morningstar)

Odaily News: Ireland's national police force, An Garda Síochána, reported on August 27 that during a specialized operation targeting organized crime in the Galway area, officers searched two properties and froze two cryptocurrency accounts with a combined value of approximately $900,000. Additionally, police froze a bank account containing €25,000 (approximately $29,100), seized €9,300 in cash, and confiscated drugs valued at approximately €18,300 in total (including amphetamines and cannabis). A man in his 40s linked to the case has been arrested and charged, and the investigation is ongoing. (garda.ie)

Odaily News: A consortium formed by payment giant Stripe and private equity firm Advent International has decided to abandon its plans to acquire PayPal. Previously, the consortium had submitted an acquisition proposal to PayPal valued at over $50 billion, with market sources indicating that the offer was approximately $53 billion. Insiders familiar with the matter spoke on condition of anonymity as the information has not been made public. Advent, Stripe, and PayPal all declined to comment.

However, insiders noted that the situation could still change, and Advent and Stripe may revisit an acquisition proposal in the future. (Bloomberg)

Odaily News, According to official sources, Gate's Contract Stock Zone will debut the listing of perpetual contract trades (USDT settled) for DJT (Trump Media & Technology Group), RAM (Roundhill T-REX 2x Long DRAM Daily Target ETF), TEM (Tempus AI), and MARA (Marathon Digital Holdings) at 20:00 (UTC+8) on August 28, supporting 1-20x leverage.

Odaily Planet Daily Report: The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandatory Provident Fund Schemes Authority (MPFA), together with Cyberport Hong Kong, have announced the participant list for the first phase of the Generative Artificial Intelligence (GenA.I.) Sandbox++. Among nearly 100 proposals received, 36 use cases have been selected to enter the first phase of the GenA.I. Sandbox++, involving 30 financial institutions and 27 technology partners, including Bank of China (Hong Kong), China Asset Management, Ant Blockchain, Google, IBM, and others. The first phase of the GenA.I. Sandbox++ will focus on exploring Agentic AI applications. In addition to content generation, the selected use cases will further explore how to responsibly enhance the autonomy of AI. Testing will cover complete processes in areas such as customer account opening, payments, insurance claims, and customer interaction.

Odaily Planet Daily News: Physical AI company Transfyr announced the completion of a $25 million seed funding round, led by General Catalyst, with participation from Lux Capital, Breakout Ventures, Factory, Neo, SV Angel, MVP Ventures, Underscore VC, Lyda Hill, and multiple angel investors. The company is dedicated to bridging the gap between the physical and digital realms, converting hands-on scientific operational data into machine-readable data to enable truly closed-loop systems driven by artificial intelligence and automation.

Odaily News – Bitcoin closed at $77,387, posting a weekly gain of $14,264, or 22.7%, marking the largest weekly dollar increase in the asset's trading history. Bitcoin subsequently touched $81,000, hitting a three-month high, before retreating to around $79,000. The U.S. Treasury has increased the size of its long-term liquidity support repurchase operations from $2 billion to at least $4 billion per operation, with larger-scale repurchases scheduled to take place between September 9 and November 4.

Galaxy Research noted that Bitcoin's 50-week moving average currently sits near $82,470, which could serve as a confirmation signal for the next phase of bottoming. According to the firm's data, out of 13 completed bear markets since 2011, 11 confirmed cycle bottoms when weekly closes surpassed this moving average, with only the 2021–2022 double-top cycle seeing two instances where the level failed to hold.

Alex Thorn, Head of Research at Galaxy Digital, pointed out that retail buying appetite for BlackRock's iShares Bitcoin Trust spot Bitcoin ETF has reached a two-year high, during which Bitcoin briefly touched $81,257. Strive Chairman and CEO Matt Cole stated that the next Bitcoin cycle will be the strongest in history. (News, Bitcoin.com)

Odaily News Ethena plans to expand its cryptocurrency spot and perpetual contract arbitrage strategy into the stock perpetual contract market to capture funding rate premiums. Ethena's existing cryptocurrency arbitrage allocation has peaked at over $8 billion, and the theoretical potential open interest for stock perpetual contracts could reach $4 trillion. As of August 11, the total open interest in stock perpetual contracts across the market stood at $6.2 billion, with Hyperliquid and Binance recording average annualized funding rates of 14% and 17.5%, respectively, compared to Bitcoin's annualized funding rate of 4.1% over the same period.

Monitoring by the PPP Prediction Market Tool shows that the probability on Polymarket that "Trump will choose Anna Kelly as the next White House Press Secretary" briefly surged to 22%, up 6% in 24 hours, overtaking previous front-runner Margo Martin, whose probability of becoming the next White House Press Secretary has fallen to 16%, down 7% in 24 hours.

Anna Kelly currently serves as Deputy White House Press Secretary and is one of the core spokespeople for the Trump administration (starting in 2025). According to the latest reports, Karoline Leavitt will step down this coming Friday local time, and "who will succeed Leavitt" has become a focal point of recent U.S. media attention. Another candidate, Margo Martin, currently serves as Special Assistant to the President and Communications Advisor, primarily responsible for publishing information about presidential activities via social media.

Join the PPP Signal Push Community to stay one step ahead and seize the initiative.

Odaily Planet Daily News: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)

1. A suspected insider address recently traded FRIEND, gaining $46,000 in profit with a return rate of nearly 10x;

2. Chainlink's strategic reserve holds 5.67 million LINK, worth $66.44 million;

3. Holding 43,000 BTC valued at $3.48 billion, Metaplanet deposits another 1,350 BTC into Coinbase Prime;

4. The Sandbox plans 1:1 compensation, with approximately $700,000 in SAND stolen due to a bridge vulnerability;

5. Analysts: Waller's speech faces four key communication goals;

6. Binance Futures launches 5 USDT-margined perpetual trading pairs including TEM, with maximum leverage of 20x;

7. Market news: Anthropic plans to publish its IPO prospectus after the U.S. Labor Day (September 7);

8. A bit-affiliated entity that previously profited $55.095 million opens a long position of $49.98 million in ETH, ranking among Hyperliquid's top 7 ETH positions;

9. Morgan Stanley raises Marvell's price target from $224 to $246;

10. U.S. storage stocks decline across the board in pre-market trading, with Sandisk (SNDK.O) falling over 2%.