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ETH $2,479.57 +1.18%
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DOGE $0.0890 +5.56%
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XLM $0.1844 +3.13%
ZEC $1,025.24 +0.46%
BTC $80,021.73 +0.55%
ETH $2,479.57 +1.18%
BNB $776.64 +8.17%
XRP $1.42 +1.57%
SOL $103.87 +2.23%
TRX $0.3340 +1.00%
DOGE $0.0890 +5.56%
ADA $0.2181 +2.88%
BCH $256.64 +1.51%
LINK $12.15 +4.52%
HYPE $85.58 +0.34%
AAVE $132.09 +0.83%
SUI $0.7983 +6.12%
XLM $0.1844 +3.13%
ZEC $1,025.24 +0.46%

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QCP Capital: BTC Enters Non-Farm Payroll Data Window

QCP Capital's market weekly report shows that after Federal Reserve Chairman Warsh's speech in Jackson Hole, the probability of a rate hike in September rose from 35% to 70%. BTC fell approximately 2.5% in a single day, and after nine consecutive days of net inflow, the ETF recorded a net outflow of $202 million. However, the dollar failed to maintain a hawkish pricing, with the DXY falling below 99.5, and gold, silver, and BTC all regained their losses.On the Treasury side, on September 9, the first long-end liquidity support operation will be launched, with the purchase limit raised to at least $4 billion (previously $2 billion). The yield on the 30-year Treasury bond auction on August 30 was reported at 5.216%, the highest since 2001, and the market will closely monitor whether this operation can effectively improve long-end liquidity.In terms of inflation, July PCE was reported at 3.7% (core 3.3%), CPI at 3.4% (core 2.5%), and Brent crude oil rose about 10% in a week due to attacks in the Strait of Hormuz and a force majeure event in Qatar LNG, with inflationary pressures continuing. Waller stated that if the data continues to trend as it has over the next two weeks, it would support a pause in rate hikes. Coupled with the ADP employment data showing only 38,000 jobs added (the weakest since January), the probability of a rate hike in September has fallen to 45-50%.

first_img SEC Chairman expects the Clarity Act to pass this month, stating that the United States will become the crypto capital

Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated that he expects the highly anticipated Clarity Act to pass in the Senate this month, and he mentioned that the U.S. is likely to become the "capital of crypto." In an interview with Fox Business, Atkins confirmed that the bill will be voted on in the Senate on September 15, and he anticipates that it will pass and ultimately be sent to the president for signing.Atkins stated that regulators are pushing for relevant rules to help the crypto industry develop, saying, "We are changing past practices to update rules to adapt to the era of blockchain and crypto assets." Last week, the SEC submitted a proposal to the White House aimed at clarifying the custody framework for crypto assets for investment advisors and companies.The Clarity Act aims to establish a regulatory framework that distinguishes whether digital assets are securities, commodities, or stablecoins. The bill passed in the House last year, but has been stalled for most of this year due to disagreements between banking lobbyists and crypto companies over issues such as whether platforms like Coinbase can pay clients returns. Some lawmakers attempted to modify the language regarding ethical standards in the bill, while a new bill has been circulating since July that prohibits government officials from promoting crypto assets and profiting from them. However, some Democratic lawmakers believe the relevant provisions are still inadequate, while several pro-crypto Republican lawmakers have accused Democrats of deliberately playing politics and delaying the bill's progress.

Chairman of the Solana Foundation: Capital, assets, and ownership are entering a token super cycle

Lily Liu, the chair of the Solana Foundation, stated that funds, assets, and ownership are migrating to an all-weather internet infrastructure, forming a long-term token supercycle.Tokenization is not only about moving assets onto the chain but also about changing the assets themselves, allowing value to be issued, held, financed, and traded in a market that never closes.She believes that stablecoins have proven that funds can flow onto the chain globally, financial institutions are pushing for asset tokenization, and blockchain infrastructure is beginning to meet the demands of real economic activities for speed and cost, while AI economic agents require programmable money.With these factors converging, any value with clear ownership could be tokenized and gain broader distribution, financing, and trading channels.In the past year, the trading volume of RWA on Solana reached hundreds of billions of dollars, covering tokenized U.S. Treasury bonds, stocks, and private credit; during the same period, stablecoin transfer volume exceeded $4.7 trillion.Liu stated that tokenization can also allow more investors to break through geographic, minimum investment, and qualification restrictions, and enable the assets held to be used for collateral or to generate returns. Although the current on-chain market size is still far below that of traditional markets, the relevant infrastructure could potentially reach 5.5 billion internet users globally in the future.
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