Wu said that the latest report from QCP Capital pointed out that the Japanese stock market rebounded to pre-crash levels today, but investors remained cautious before the release of US CPI data this week. The market will pay attention to inflation data to determine whether the Federal Reserve will cut interest rates by 50 basis points or 25 basis points in September, and the probability is currently equal. In addition, the cumulative inflows of ETH spot ETFs have exceeded US$901 million after yesterday's net inflows, and Grayscale has achieved zero outflows for the first time. This provides strong support for ETH prices and may become a catalyst for ETH's recovery.